Stamp Duty Cut - PORT Homes

There's No Time Like Now

Stamp duty has been cut for all buyers, which may make your dream home more affordable.

Contact Us Today

Stamp Duty for First Time Buyers

With the new threshold now in place, first-time buyers will not have to pay any stamp duty on property purchases up to £425,000 — an increase from £300,000.

Additionally, the value of a property which first-time buyers can claim relief on has also increased, meaning even more savings for those purchasing a higher priced home. This means first-time buyers could potentially save up to £6,250 when purchasing their dream home up to the value of £500,000.

Contact Us Today

Stamp Duty for Existing Homeowners

It’s not just first-time buyers who benefit from the new announcement.

There will be no stamp duty to pay for any buyers purchasing a property up to £250,000 – up from the previous £125,000 threshold. So, if you’re thinking of selling your old property to make the move to an energy efficient new home, you could save up to £2,500.

Contact Us Today