19 February 2025 ·
The Stamp Duty threshold is changing on 1st April 2025, but don’t panic - there’s still time to save with Fairview!
Act now to save thousands!
Time is running out to save on Stamp Duty!
The Stamp Duty threshold is changing on 1st April 2025, but don’t panic - there’s still time to save with Fairview!
What Is Stamp Duty?
Stamp Duty Land Tax (SDLT) is a tax paid on property purchases in England and Northern Ireland. The amount depends on the price of the property and the buyer’s circumstances, such as whether you are a first-time buyer or purchasing an additional property.
Key Changes to the Stamp Duty Thresholds
From 1st April 2025, the Stamp Duty Land Tax (SDLT) thresholds will undergo significant changes, including adjustments specifically affecting first-time buyers:
Lower Tax-Free Threshold
Currently, first-time buyers benefit from Stamp Duty relief on properties up to £425,000 for purchases under £625,000. This will decrease to £300,000 for purchases under £500,000.
Examples:
- For a property priced at £350,000 before 1st April 2025, you will pay no SDLT. From 1st April 2025, the SDLT on this home will increase to £2,500.
- For a property priced at £520,000 before 1st April 2025, you will pay just £4,750 in SDLT. From 1st April 2025, the SDLT on this home will increase to £16,000.
If you are a first-time buyer, you could save up to £11,250 if you move before 1st April 2025!
General Threshold Adjustments
For all buyers, the overall tax-free threshold is being lowered from £250,000 to £200,000, which means even more homes will now incur SDLT.
Do you still have time to benefit from the lower Stamp Duty threshold?
Time is running out, but yes, you do!
If you’re a first time buyer, buying a new-build means you’ll be ‘chain free’, so you’re not waiting for a seller to find another home to move to before you can move in. Buying a second-hand property often involves being part of a chain. This can significantly slow down the process, risking the chance of not completing ahead of the Stamp Duty changes. According to Rightmove, buying second-hand can take up to 6 months to complete! There are also many other benefits to buying new which you can read about here.
Buying a new build home on average takes around 8 weeks to complete, however, with Fairview New Homes, we could help you move in before 1st April. Fairview streamlines the home-buying journey with efficient processes, dedicated support teams, and ready-to-move-in properties, ensuring a faster and hassle-free transition into your new home. This means you can start enjoying your modern, high-quality, energy efficient living space sooner than expected, and save on Stamp Duty at the same time!
Preparing for the Changes
We have a number of developments with properties ready to move into before 1st April 2025, saving you thousands on your new home purchase. Contact us today to find out how we could help you move in time to save. Don’t delay your enquiry - time is of the essence.
Calculator
- Standard
- First time buyer
- Second home
- Buy to let
Stamp duty payable:
View our developments with homes ready to move into before 1st April 2025.
Dock28
London, London
-
No of bedrooms
1-3
-
Price
From £450,000
-
Est. completion date
October - August 2025
Dock28 is an exciting development comprising 216 studio, one, two and three bedroom apartments and three bedroom duplexes, located in the Royal Borough of Greenwich. These stylish new homes occupy a prime location just a 4 minute walk to the River Thames in the historic naval and military town of Woolwich, named one of the "Best Places To Live" in 2023 by The Sunday Times, with fantastic transport connections on your doorstep.
The Green at Epping Gate
Loughton
-
No of bedrooms
1-3
-
Price
From £363,000
-
Est. completion date
Available now
A collection of spacious and stylish studio, 1 & 2 bedroom apartments and 2 & 3 bedroom duplexes, designed with modern life in mind. Perfectly located close to beautiful Epping Forest, yet within easy reach of the bustle of town, The Green offers you a truly superb place to call home. Here, you are within the desirable ‘Golden Triangle’ of Loughton, Buckhurst Hill and Chigwell, where high street stores, luxury boutiques and chic restaurants make everyday life a real pleasure. You are also close to excellent transport links and local amenities.
Park Quarter
Barnet, London
-
No of bedrooms
1-3
-
Price
From £365,000
-
Est. completion date
September - March 2025
Park Quarter is a collection of 1, 2 and 3 bedroom apartments and 2 bedroom duplexes in Barnet, one of London's most desirable areas. Just a 4 minute walk from New Barnet station for National Rail services into Moorgate in less than 30 minutes, with a host of amenities, restaurants and open spaces right on your doorstep.
The Silverton
London
-
No of bedrooms
1-4
-
Price
From £350,000
-
Est. completion date
September - February 2025
One Goodmayes
Ilford
-
No of bedrooms
1-2
-
Price
From £250,000
-
Est. completion date
November - March 2025
Welcome to One Goodmayes, a new development of studio, one & two-bedroom apartments enviably located on the High Road, just a 7 minute walk to both Goodmayes and Seven Kings stations, with direct access to the Elizabeth line. This prime location offers unbeatable travel times including a quick 13-minute commute to Stratford, a 21-minute journey to Liverpool Street and under 1 hour to Heathrow Airport. Discover a vibrant community and enjoy the convenience of living in Zone 4, with a range of local amenities within easy reach.
Printmakers Yard
Brentford, London
-
No of bedrooms
1-4
-
Price
From £365,000
-
Est. completion date
January - March 2027
Welcome to Printmakers Yard, where your future is in the making. Nestled in the vibrant community of Brentford Waterside, this development of studio, 1, 2 and 3 bedroom apartments and 4 bedroom triplexes offers a unique opportunity to embrace a dynamic lifestyle in one of West London's most eclectic neighborhoods.
With its proximity to the river, some apartments at Printmakers Yard boast stunning views of the tranquil waters, providing residents with a serene backdrop to their daily lives. Imagine waking up to the gentle flow of the river and ending your day with breathtaking sunsets over the water – all from the comfort of your own home.