As of the 1st April, 2025, significant changes to England and Northern Ireland's Stamp Duty Land Tax (SDLT) have come into effect, impacting both first-time buyers and existing homeowners. We've put together a handy breakdown of the updated rates and thresholds below, but if you have any questions or concerns about the changes, please don't hesitate to call our team.
Up to £125,000: 0%
£125,001 to £250,000: 2%
£250,001 to £925,000: 5%
£925,001 to £1.5 million: 10%
Above £1.5 million: 12%
For example, if you purchase a home for £295,000, the SDLT calculation would be:
0% on the first £125,000 = £0
2% on the next £125,000 (£125,001 to £250,000) = £2,500
5% on the remaining £45,000 (£250,001 to £295,000) = £2,250
Total SDLT = £4,750
First-time buyers now benefit from a revised relief structure:
Up to £300,000: 0%
£300,001 to £500,000: 5% on the portion above £300,000
Above £500,000: Standard SDLT rates apply without relief
For instance, if you're a first-time buyer purchasing a property for £350,000:
0% on the first £300,000 = £0
5% on the remaining £50,000 = £2,500
Total SDLT = £2,500
If buying an additional residential property (e.g. a second home or rental property), you may have to pay higher rates of stamp duty land tax. The higher rates from 1st April 2025 are as follows:
Up to £125,000: 5%
£125,001 to £250,000: 7%
£250,001 to £925,000: 10%
£925,001 to £1.5 million: 15%
Above £1.5 million: 17%
You can find out more about stamp duty when buying an additional property on the gov.uk website.
It's essential for prospective buyers to factor in these changes when budgeting for property purchases. For help calculating your STLD or understanding your affordability, reach out to our friendly team of mortgage advisers - we're always happy to help.
Complete the below to get in touch and one of our experienced team will be in touch ASAP:
Details submitted through this form are entirely confidential. The information provided is used only to contact you to discuss the areas you've expressed an interest in. By submitting your details you have confirmed that you have read and understand our privacy policy.
Motion Mortgages & Protection are your trusted local experts in mortgage advisory services, committed to safeguarding your home, your family, and your future.
Motion Mortgages and Protection is a trading name of AFP Wokingham Ltd an appointed representative of HL Partnership authorised and regulated by the Financial Services Authority. AFP Wokingham Ltd are registered in England and Wales with company number AR company registration number 14609331. Registered Office: Unit 3 Wellington Business Park, Duke Ride, Crowthorne, England, RG45 6LS.
The guidance and/or information contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK. Initial consultations are completely free of charge. There's no obligation to proceed and our broker fee of £495 will only become payable at offer stage of your mortgage application. Your home may be repossessed if you do not keep up repayments on your mortgage. The Financial Conduct Authority does not regulate some forms of Buy to Lets. Your property may be repossessed if you do not keep up repayments on your mortgage.
Website by Digity
