Pay nothing on stamp duty in England, Wales & Scotland

Updates made to Stamp Duty means that first time buyers (England, Northern Ireland and Wales) will not have to pay stamp duty on anything worth up to £300,000.

Additionally, if you buy a property costing £500,000, the stamp duty rate will be 5%. This means that you would not be charged for the first £300,000 and you will only have to pay the tax for the remaining £200,000.
However, once the land or property exceeds the cost of £500,000 then you will receive the standard rates of stamp duty.

For a more detailed explanation, check out our Changes to Stamp Duty Changes blog post, with everything you need to know.

What Next?

If you're a first time buyer, then government-backed schemes can be very helpful to get a better deal on your mortgage. Help to Buy Basics The Help to Buy scheme…


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