Beat the Stamp Duty deadline: A faster way to secure your first home

If you’re a first-time buyer looking to get on the property ladder this year, now is the time to act. The current Stamp Duty threshold is set to change on April 1, 2025, meaning buyers who wait could face thousands in extra costs.

Right now, first-time buyers purchasing a home worth up to £425,000 don’t have to pay Stamp Duty. But from April, that threshold will drop to £300,000, with a 5% tax applying to any amount between £300,001 and £500,000. That means buyers completing after March 31 on a property over £300,000 will need to budget for additional Stamp Duty costs.

With the deadline fast approaching, we have seen a surge in first-time buyers turning to Auction to secure a home quickly. Unlike traditional purchases, which can take six months or more to complete, Auction sales typically complete within 56 days*, helping buyers secure their property before the Stamp Duty changes take effect.

iamsold Managing Director, Jamie Cooke, said: “With these changes just around the corner, first-time buyers are looking for faster, more secure ways to move. Online Auction provides a transparent and efficient route to homeownership, ensuring buyers don’t miss out on potential savings.”

If you’re looking to buy before the deadline, explore properties available via iamsold Auction and take advantage of the benefits of a faster, more secure purchase.