First time patrons ‘paid estimated £307m additional in stamp responsibility since aid ended’

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Your help makes all of the distinction. Learn extra First time patrons in England have collectively paid an estimated £307 million additional in stamp responsibility since a short lived aid measure resulted in April 2025, in response to calculations from a property web site.

Rightmove estimated that a mean of £4,618 extra has been paid per purchaser.

The whole estimated first time purchaser stamp responsibility invoice over the previous yr was £408 million, versus £101 million the earlier yr.

A stamp responsibility vacation ended from April 2025 and the “nil price” threshold for first time patrons was diminished from £425,000 to £300,000.

Rightmove analysed first time purchaser property purchases since April 1 2025.

London alone accounts for simply over half (53%) of the estimated £408 million paid for the reason that threshold fell to £300,000, with the South East contributing round 1 / 4 (23%), in response to its estimates.

In distinction, areas such because the North East and East Midlands contribute solely small proportions (0.3% and 1% respectively), with extra houses there priced under £300,000, due to this fact remaining stamp responsibility free, the report mentioned.

Rightmove, which used its personal information for the analysis, estimated the stamp responsibility complete primarily based on gross sales of typical first time purchaser properties between April 1 2025 and March 31 2026.

Residence patrons are additionally coping with value pressures from mortgage charges having jumped following the battle within the Center East.

Colleen Babcock, property skilled at Rightmove mentioned: “First time patrons are already going through vital challenges, from larger mortgage prices to rising rents whereas they save.”

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Nathan Emerson, chief govt of property professionals’ physique Propertymark, mentioned: “These figures underline the rising pressure on first time patrons, with larger stamp responsibility prices including to already vital affordability challenges.

“The discount within the threshold has not solely raised upfront prices but in addition diminished the supply of appropriate houses, significantly in larger worth areas.”