Update

If you're buying a property in England or Northern Ireland, you'll need to pay Stamp Duty Land Tax (SDLT). The amount of stamp duty due depends on the price of the property and is payable on both freehold and leasehold properties.

The government has announced changes to stamp duty rates, effective immediately. The threshold where no stamp duty is payable for home movers is rising from £125,000 to £250,000. For first-time buyers, the current threshold of £300,000 is being increased to £425,000. These changes should help to make buying a property more affordable for many people.
If you've already exchanged contracts but not yet completed, you'll still benefit from the changes announced.
If you're thinking of buying a property, it's important to be aware of the stamp duty changes and how they might affect you. For an accurate stamp duty quotation please contact your solicitor or conveyancer.

For more information on stamp duty, please visit the government website .