05 Dec, 2024/ by Homeward Legal /Buyer, First Time Buyer, News
The Stamp Duty changes coming on March 31, 2025, could cost homebuyers significantly more.
To help you beat the deadline, we're offering a £300 expedite fee to prioritize your conveyancing.
With delays in property transactions often taking months, acting now could save you thousands.
Stamp duty cost difference before and after the 31st of March 2025 update
We compare the stamp duty cost before and after the 31st of March 2025 update in England, London or for first time buyers.
| England (average) | London (average) | First time buyer | |
| House price | £310,000 | £531,000 | £425,000 |
| SDLT before 31st, March 2025 | £3,000 | £14,050 | £0 |
| SDLT after 31st, March 2025 | £5,500 | £16,550 | £12,500 |
| Potential savings | £2,500 | £2,500 | £12,500 |
What are the SDLT changes coming on March 31, 2025?
Here are the main changes on the Stamp Duty Land Tax happening on the 31st of March 2025:
- The nil rate threshold, currently at £250,000, will revert to £125,000.
- For first-time buyers, the nil rate threshold of £425,000 will drop to £300,000.
- The maximum purchase price for claiming First-Time Buyers Relief will be reduced from £625,000 to £500,000.
The SDLT rates on a standard residential purchase of a freehold property will be as follow:
- 0% up to £125,000
- 2% above £125,000 and up to £250,000
- 5% above £250,000 and up to £925,000
- 10% above £925,000 and up to £1,500,000
- 12% above £1,500,000
Why expedite your conveyancing?
- Avoid higher stamp duty: Give yourself the best chance to ensure your purchase completes before new STLD rates apply.
- Faster completion: Speed through legal steps and reduce delays and avoid costs of a drawn-out process
- Tailored service: With personalised guidance, you'll have a focused team working to streamline the legal steps, managing any unique requirements or deadlines to ensure a smooth, timely completion.
What's included in our £300 expedite fee offer?
- Priority assignment to our experienced solicitors, who keep you at the top of their priority list for updates and responses.
- Expedited property searches, contracts, and Land Registry application.
- Consistently proactive updates to keep you informed and chases to the other side to push for faster completion.
Time is running out
With limited slots available and the March deadline approaching fast, now is the time to act.
Call us today on to secure our £300 expedite service fee and make your move before the Stamp Duty changes. Start your journey toward stress-free homeownership now!