Our Valuations Director, Matt Hood, joins Rob Brookes from Mortgage Advice Bureau, to break down what the changes mean for buyers and how you can make savings on your home buying journey by acting now.

At the moment, buyers of homes worth less than £250,000 don't pay stamp duty. This was doubled from £125,000 under Liz Truss's mini-Budget in September 2022.

The threshold is £425,000 for those buying their first property. This was raised from £300,000 as part of the mini-Budget.

These higher thresholds will end in March 2025, when they will revert to previous levels.Meanwhile, changes to stamp duty for buy to let landlords and second home buyers announced in the Budget came into effect on Thursday, with the additional tax they face rising from 3% to 5%.

We work closely with Mortgage Advice Bureau’s in house advisors to provide you with expert advice every step of the way.

Ready to find your perfect home? With hundreds of wonderful properties to suit all needs, get in touch with us today to start your search!

The Stamp Duty changes are expected to spark a homebuying rush, as reported by BBC News, so if you are thinking of selling your home, now is an opportune time. Speak to us to book your free valuation.