Stamp Duty on New Homes

Need a hand getting to grips with Stamp Duty rates?

We have all the information you need below on how much you will need to pay, whether you’re a first-time buyer, moving up the ladder or buying an investment property.

What is Stamp Duty?

Stamp Duty, also known as Stamp Duty Land Tax (SDLT), is a charge that applies when purchasing a residential property in the UK.

The charge applies regardless of whether the property is new or second hand, and the amount you pay depends on the purchase price and your status as a buyer.

The more expensive the property, the more Stamp Duty you’ll pay. Costs also increase if you own multiple properties. There’s good news if you are a first-time buyer though, as the initial threshold at which you start to pay Stamp Duty is higher.

Stamp Duty also applies to both freehold and leasehold properties and whether you are using a mortgage or buying with cash.

How much Stamp Duty will I pay?

Current stamp duty rates (England & Northern Ireland)

Purchase price	Rate on main residence	Rate for additional properties (2)
Up to £250,000 (£425,000 for first-time buyers (1))	0%	3%
£250,001 - £925,000	5%	8%
£925,001 - £1,500,000	10%	13%
£1,500,001 +	12%	15%

If you are purchasing a main residence, you won't pay any Stamp Duty up to £250,000.

If you are purchasing an additional or buy-to-let property, you are required to pay an additional 3% surcharge on top of each Stamp Duty band.

For eligible first-time buyers there won’t be any Stamp Duty to pay on properties costing up to £425,000. First-time buyers also receive a discounted rate on purchases up to £625,000, paying 5% SDLT on the portion from £425,001 to £625,000. If the property costs more than this, you’ll pay the normal rate of Stamp Duty and will not receive any discount. To be eligible for this you and anyone else you’re buying with must be first-time buyers.

For more information on Stamp Duty, visit the Government’s website.

Stamp Duty Calculator

Use our handy Stamp Duty Calculator to find out how much Stamp Duty you will need to pay when purchasing your new home.

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You will be required to pay:
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If you need a hand selling your current home, our Home Exchange scheme guarantees a buyer for your property.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP PAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

Stamp Duty on New Homes

Need a hand getting to grips with Stamp Duty rates?

What is Stamp Duty?

How much Stamp Duty will I pay?

Stamp Duty Calculator

Start your search today

More ways we can help you move

Deposit Unlock

Home Exchange

Smooth Move

Introduce a Friend

Deposit Unlock

Home Exchange

Smooth Move

Introduce a Friend

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