You Could Save Thousands On Stamp Duty Before April 2025

On 1st April 2025, the temporary reduction to Stamp Duty will come to an end and thresholds will revert back to their pre-September 2022 levels.

Since the Government's September 2022 mini-Budget, the Stamp Duty thresholds have been:

First-Time Buyer Stamp Duty Up To 31st March 2025

• 0% to pay on properties up to £425,000
• 5% to pay on the portion from £425,001 to £625,000

Home Mover Stamp Duty Up To 31st March 2025

• 0% to pay on properties up to £250,0000
• 5% to pay on the portion from £250,001 to £925,000

However, buyers only have until 31st March 2025 to take advantage of these reductions before the exemption thresholds are lowered from 1st April 2025.

From 1st April 2025, the Stamp Duty thresholds will revert back to:

First-Time Buyer Stamp Duty From 1st April 2025

• 0% to pay on properties up to £300,000
• 5% to pay on the portion from £300,001 to £500,000

Home Mover Stamp Duty From 1st April 2025

• 0% to pay on properties up to £125,000
• 2% to pay on the portion from £125,001 to £250,000
• 5% to pay on the portion from £250,001 to £925,000

As an example, a first-time buyer purchasing a new home priced at £350,000 before the change on 1st April 2025 would pay £0 in Stamp Duty. If the same purchase was to be made from 1st April onwards however, the first-time buyer would pay £2,500 in Stamp Duty*. 

A home mover purchasing a new home at the same £350,000 price before 1st April 2025 would pay £5,000 in Stamp Duty. If the same purchase was made from 1st April onwards, the home mover would pay £7,500*. 

It's important to note that if you're purchasing a second home – an additional home to have alongside one you already own – then you will pay more. Find out about more about Stamp Duty on second homes here.

Now could be the perfect time to make your move to your dream home and have more money in your pocket to make it your own. Browse our beautiful new homes in the North East here.

You can find full details on Stamp Duty rates and rules on the Gov website here.

*This is an example. The amount of Stamp Duty payable on your property purchase will be confirmed by your solicitor.