Judith Gardens, Sawtry PE28 5WE

3 bed homes from £365,000

Judith Gardens, Sawtry PE28 5WE

3 bed homes from £365,000

2025 Stamp Duty Changes

Stamp Duty Land Tax rates are changing from 1st April 2025 and will impact first-time buyers and home movers.

What is stamp duty?

Stamp duty, or Stamp Duty Land Tax (SDLT), is a government tax which is paid by the buyer of a property, as a lump sum upon completion. It is paid by buyers who are purchasing a property or land over a certain price bracket.

What is changing?

From 1st April 2025, there will be several changes coming into effect:

  • The nil rate threshold which is currently £250,000 will return to the previous level of £125,000.
  • The nil rate threshold for first-time buyers which is currently £425,000 will return to the previous level of £300,000.
  • The maximum purchase price for which First-Time Buyers Relief (a reduced stamp duty rate) can be claimed is currently £625,000 and will return to the previous level of £500,000.

How will this affect first-time buyers?

Currently, first-time buyers pay no stamp duty when buying a home worth £425,000. This threshold will drop to £300,000, meaning they will go from paying nothing to paying £6,250 on stamp duty.

How will this affect second-home purchases?

There will be an extra band added into the stamp duty thresholds for additional property purchases, reflective of the general stamp duty changes.

Changes


First-time buyer stamp duty changes

Current first-time buyer stamp duty rates:

Proportion of property valueRate for first-time buyers
Up to £425,0000%
£425,001 to £625,000

5%


First-time buyer stamp duty rates from 1st April 2025:

Proportion of property valueRate for first-time buyers
Up to £300,0000%
£300,001 to £500,0005%

Second-home purchases stamp duty changes

Current stamp duty rates for second-home purchases:

Proportion of property valueRate for additional property
Up to £250,0005%
£250,001 to £925,00010%
£925,001 to £1.5 million15%
Over £1.5 million17%


Stamp duty rates for second-home purchases from 1st April 2025:

Proportion of property valueRates for additional property
Up to £125,0005%
£125,001 to £250,0007%
£250,001 to £925,00010%
£925,001 to £1.5 million15%
Over £1.5 million17%

Want to learn more about how these changes will affect you?

Please enquire below to speak to one of our sales consultants, or request your fee-free mortgage advice from an independent mortgage broker.

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Information is taken from GOV.UK and My Home Move Conveyancing.

References to “we”, “us” or “our” are to the part of the Vistry Group (including Linden Homes, Bovis Homes, Countryside Homes, Drew Smith or one of Vistry’s joint venture companies) from which you are intending to purchase a new home. References to "you” and “your” are to the prospective buyer or buyers of a new home from us.

All images are used for illustrative purposes only and are representative only. They may not be the same as the actual home you purchase and the specification may differ. Images may be of a slightly different model of home and may include optional upgrades and extras which involve additional cost. Individual features such as windows, brick, carpets, paint and other material colours may vary and also the specification of fittings may vary. Any furnishings and furniture are not included in any sale. Please check with our sales consultants for details of the exact specifications available at the development(s) for each type of home and the associated prices.