Stamp Duty cut offers instant saving

Stamp Duty cut offers instant saving

A quick refresher on the Stamp Duty changes announced recently

  • Stamp Duty has been abolished on the first £250,000 of any property purchase, (up from £125,000), making an immediate saving of up to £2,500 for home buyers. Close to half (47%) of all sales in England over the past year were under £250,000.
  • First-time buyers could save up to £6,250, because they will now be exempt from stamp duty on the first £425,000. The purchase price at which they can take advantage of this relief has been raised too, from £500,000 to £625,000.
  • Second home owners and overseas purchasers will still be required to pay the 3% Higher Rate Additional Dwelling Tax and 2% non-resident surcharge respectively.
  • The Chancellor's announcement only applies to England. In Wales, from October 10th no Land Transaction Tax will be payable on homes priced up to £225,000 (current threshold £180,000), a saving of £1,575 on a property priced £225,000. Those paying over £345,000 are set to pay more.
  • For now rates in Scotland remain unchanged, the threshold in Scotland is £145,000.
  • Source: Dataloft, HMRC, Land Registry, Welsh Revenue Authority, Revenue Scotland


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A stylish modern end of terrace family home offering fresh contemporary living, stylish re-fitted bathroom and cloakroom suites, updated internal and external doors, a sleek kitchen/diner with garden access, and a spacious lounge—an inviting move-in-ready home, ideal for relaxed, modern family life.

Despite the headlines, first-time buyers in Attleborough are not locked out of homeownership. When you look beyond prices and focus on monthly mortgage costs, affordability today is far better than many realise. The data challenges the doom narrative and shows that, while deposits are tough, buying a first home is still possible.

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