Stamp duty deadline looms for buyers

Home buyers are racing to complete purchases before the impending stamp duty changes on 1 April, which could cost them thousands. First-time buyers, already facing affordability issues, are particularly at risk. Currently, homes under £250,000 are exempt from stamp duty, but this threshold will revert to previous levels soon. It is estimated that around 25,000 first-time buyers and 74,000 home movers may miss the deadline. Analysis by the Skipton Group indicates the proportion of areas in England in which the average first-time buyer home falls into the scope of stamp duty will rise from 8.4% to 32% on April 1st.  

BBC News (05/03/2025)