PFL Mortgages > Guides and advice > Stamp Duty Changes – What you need to know

Stamp Duty Changes – What you need to know

From 1st April 2025, major changes to Stamp Duty Land Tax (SDLT) take effect, impacting the majority of homeowners in the UK.

If you’re planning to buy or move home, it’s crucial to understand how these changes could impact your costs.

How Much More Will You Pay?

Around 49% of homeowner purchases over £250,000 will pay an extra £2,500 in stamp duty from 1st April. Those purchasing a property between £125,000–£250,000 will now pay up to 2% extra tax, up to a maximum of £2,500.

Impact on First-Time Buyers

First-time buyers purchasing a property between £300,000–£625,000 could see stamp duty charges of up to £15,000. However, purchases under £300,000 remain exempt.

What Should You Do?

Plan ahead. Review your budget and savings. If you’re buying after April, increase savings, reduce spending, and consider ISAs or high-interest accounts. Factor the extra cost into your mortgage or sale price planning.

If you’d like to discuss the options available to you, contact your adviser.

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