Do First-Time Buyers Pay Stamp Duty?

First-time buyers in the UK don’t pay stamp duty on properties costing up to £300,000. If the property is between £300,001 and £500,000, you’ll only pay stamp duty on the portion above £300,000. If the property costs more than £500,000, you’ll pay the standard stamp duty rates, with no first-time buyer relief.

What Qualifies as a First-Time Buyer?

To be eligible for first-time buyer stamp duty relief, the following must apply:

• Must never have owned property (including properties abroad and inherited properties).

• Must be purchasing your main residence (i.e. not an investment property/ buy to let).

• Everyone on the application must be a first-time buyer.

The Current Stamp Duty Rules (updated April 2025)

The current stamp duty rates and rules for first-time buyers are:

⚠️ The rates will be different if you're purchasing an investment property or do not qualify as a first-time buyer. Learn more here >>

First-time Buyer Stamp Duty Examples

Property price = £250,000 → £0 Stamp Duty

Property price = £400,000 → £5,000 (0% up to £300,000, 5% on the remaining £100,000).

Property price = £550,000 → £17,500 (Full Stamp Duty/ No first-time buyer relief for properties £500,000+)

Final Word

Purchasing your first home is a HUGE, exciting milestone. We're here to make sure you know all the 'ins and outs' of the property and mortgage process so there are no nasty surprises down the line.

Put yourself in the strongest position possible with expert guidance. It's never too soon to book in your free Intro Call.