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Stamp Duty Change in Rules Means UK Households Having to Pay £4,618
Rightmove said London accounted for 53% of the extra bill as the average first-time buyer paid £4,618 more after the threshold fell to £300,000.
- Rightmove estimates first-time buyers in England paid an additional £307 million in stamp duty following the end of a tax relief measure in April 2025.
- The surge in costs follows the conclusion of a stamp duty holiday in April 2025, when the tax-free threshold for first-time buyers was reduced from £425,000 to £300,000.
- London accounts for 53% of the estimated £408 million total paid, while the South East contributes 23%, contrasting with the North East and East Midlands at 0.3% and 1% respectively.
- Property expert Colleen Babcock at Rightmove said first-time buyers face "significant challenges," while Nathan Emerson, chief executive of Propertymark, noted higher stamp duty costs add to affordability pressures.
- Home buyers face additional pressures as mortgage rates have jumped following the conflict in the Middle East, further straining first-time buyers across England navigating higher stamp duty costs.
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First-time buyers pay £307m extra in stamp duty since relief ended: Rightmove
First-time buyers in England have paid an estimated £307 million extra in stamp duty, averaging £4,618 more per buyer, since the end of the temporary relief measure in April last year, Rightmove reveals. Data shows the total estimated first-time buyer stamp duty bill over the… The post First-time buyers pay £307m extra in stamp duty since relief ended: Rightmove appeared first on Mortgage Finance Gazette.
Coverage Details
Total News Sources14
Leaning Left2Leaning Right1Center4Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
L 29%
C 57%
14%
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