Propertymark comments on Stamp Duty threshold changes

March 31, 2025

Commenting on the Stamp Duty threshold changes commencing from tomorrow, 1 April, Toby Leek, President of NAEA Propertymark, the leading professional body for estate agents, said:

“There will be many people completing on the sale of their home today to save potentially thousands of pounds from tomorrow onwards.

“Some will also be disappointed that they were unable to complete quickly enough to avoid paying extra Stamp Duty, leaving many with the extra burden to find on average an extra £2,500 in order to move home.

“Moving forward, however, the extra cost may be adsorbed within the price of properties therefore raising the overall price marginally but remaining within affordable limits for many people especially given mortgage products coming to the market continue to improve, with sub 4% products now available. As this improves this will hopefully continue to enable people to step onto the ladder for the first time or move home more freely as we move into the summer months, which is a traditionally busier time for the housing market and presents buyers and sellers with much more options.

“For some though, home ownership aspirations are unrealistic and the growth in the amount of a deposit needed which is, on average, around £50,000 is too far out of reach. Therefore, the UK Government needs to urgently review the Stamp Duty value bands to reflect average property prices and ensure any current or future measures to help first time buyers including saving ISAs are available, fit for purpose and consider house price inflation.”

EAN Breaking News

Breaking News. Have a new story to share with us? Then please get in contact today!

You May Also Enjoy

Breaking News

House price growth remained subdued in August

UK annual house price growth remained broadly stable in August at 1.6% House prices were up 0.2% month on month Headlines Aug-26 Jul-26‡ Monthly Index* 550.1 549.1 Monthly Change* 0.2% -0.1% Annual Change 1.6% 1.4% Average Price (not seasonally adjusted) £275,465 £276,581 * Seasonally adjusted figure (note that monthly % changes are revised when seasonal…
Read More →
Letting Agent Talk

What Adds Three Weeks to Leasehold Conveyancing?

As government reforms target a four-week reduction in homebuying times, Konnect You analysis points to management packs, extra lease enquiries, third-party responses and title issues as recurring leasehold bottlenecks. The government is targeting a reduction of around four weeks in the homebuying process through reforms published in June 2026. Its roadmap proposes more property information upfront and recognises that leaseholders can face delays…
Read More →
bank of england interest rate
Breaking News

Bank of England Money and Credit Report July 2026

Overview These monthly statistics on the amount of, and interest rates on, borrowing and deposits by households and businesses are used by the Bank’s policy committees to understand economic trends and developments in the UK banking system. Key points: Net borrowing of mortgage debt by individuals decreased to £4.3 billion in July, from £7.7 billion…
Read More →
Breaking News

Breaking Property News 1/9/26

Daily bite-sized proptech and property news in partnership with Proptech-X.   infinitSpace to be new operating partner providing technology and operational infrastructure The Stack, Amsterdam’s new home for AI founders and builders, has selected infinitSpace as its Workspace Operating Partner ahead of its opening in September. The partnership will provide the technology and operational infrastructure behind The…
Read More →
Breaking News

Why Living Near London’s Top Schools Costs a Fortune

Homes near London’s top private schools command premiums of up to 77%   The latest research from London lettings and estate agent, Benham and Reeves, has revealed that homes located close to some of the capital’s highest-ranking private schools command substantial premiums, with property values sitting as much as 77% above the wider local authority average.…
Read More →
Breaking News

Back to School: What It Costs to Live Near Top Secondaries

The latest research by Yopa has revealed that homebuyers face paying an average premium of more than £40,000 to live within reach of one of the nation’s top state secondary schools, with the premium climbing as high as £275,000 in the most expensive location. Yopa analysed current house prices across the postcode districts home to…
Read More →