If you are a first-time buyer, now is a great time to act before the upcoming stamp duty changes in April 2025. If you’re ready to make your move, contact Savills or learn more today: http://savi.li/6189UpVdD #savills #stampdutychange #stampduty 📹 Joe Shorney, a director in #SavillsNewHomes Birmingham discusses stamp duty changes. | Savills
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First-Time Buyers - How much Stamp Duty do you actually need ⁉️ If you’re a first-time buyer in England or Northern Ireland, here’s what you need to know 👇 Stamp Duty Land Tax (SDLT) is a government tax you pay when you buy a home, but most first-time buyers won’t pay anything at all. ⚪️ Current first-time buyer rates (2025): 🏠 £0 – £300,000 = 0% 🏠 £300,001 – £500,000 = 5% (on the portion above £300k) 🏠 £500,000 = standard rates apply Example: Buy at £400,000 = you’ll pay £5,000 in Stamp Dut
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