Buy now and avoid the Stamp Duty increase in April 2025

There’s still time to move into your dream home and avoid the Stamp Duty increase in April 2025, but you must act quickly.

• Currently, Stamp Duty isn't paid by first-time buyers on the first £425,000 of their purchase. After 1st April 2025, the threshold will be reduced to £300,000. Therefore, a first-time buyer will pay £6,250 in Stamp Duty on a property worth £425,000.

• Everyone else buying a new home over £250,000 will pay an extra £2,500 Stamp Duty from April 2025.

So, if you’re looking to move and want to beat the Stamp Duty increase, it’s essential to have completed your new home purchase by 31st March 2025.