Figures show current stamp duty charges, stamp duty charges from April 1 and additional stamp duty charges paid from April 1 for non-first-time buyers; followed by current stamp duty charges, stamp duty charges from April 1 and additional stamp duty charges paid from April 1 for first-time buyers:.
– Here are the percentages of homes for sale in regions across England at less than the current “nil rate” stamp duty band for first-time buyers of £425,000, and here are the percentages of homes for sale which are priced at under £300,000, the “nil rate” stamp duty band for first-time buyers from April 1, according to Rightmove:.
Nathan Emerson, chief exective of property professionals’ body Propertymark, said: “There will be a lot of first-time buyers disheartened by the fact that they will have to pay, in some cases, thousands of extra pounds to complete their house purchase from April, especially as many of the delays experienced will have been out of the buyers’ control due to issues presented in the property chain.”.
Home-movers just missing the deadline and completing in April rather than by March 31 will pay a combined £142 million more in stamp duty payments than they would have paid if they had completed their home purchase before the deadline, the website estimated.
More than 25,000 first-time buyers in England are to miss the stamp duty deadline at the end of March, completing their transaction instead in April, a property website has estimated.
