Stamp Duty

 

Stamp Duty

As announced by the government, the stamp duty holiday ended on 30 September 2021. As a result, if you’re buying a house that costs more than £125,000, you’ll need to pay stamp duty.

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What is stamp duty?

Stamp Duty Land Tax (SDLT) is a property transaction tax that is to be paid on any property worth over £125,000. The great news is, as a first-time buyer you won't have to pay any stamp duty on a property up to the value of £300,000.

As a home buyer, you will be the ones paying stamp duty rather than the seller. How much stamp duty you will pay depends on which bracket your new home sits in. The more expensive the property, the more stamp duty you’ll pay.

For more information on stamp duty, visit the government’s website.

 

Stamp Duty Calculator

Use our handy Stamp Duty Calculator to find out how much Stamp Duty you will need to pay when purchasing your new home.

You won't pay any stamp duty on a main residence up to £125,000, unless you’re a first-time buyer and then it’s up to £300,000!

Those purchasing an additional or buy-to-let property are required to pay an additional 3% surcharge on top of each stamp duty band.

Property or lease premium or transfer value SDLT rate
Up to £125,000 Zero
The next £125,000 (the portion from £125,001 to £250,000) 2%
The next £675,000 (the portion from £250,001 to £925,000) 5%
The next £575,000 (the portion from £925,001 to £1.5 million) 10%
The remaining amount (the portion above £1.5 million) 12%

First-time buyers can still benefit from a reduction after 1 October 2021. This means you’ll pay:

  • No stamp duty up to £300,000
  • 5% stamp duty on the portion from £300,001 to £500,000

You’re eligible if you and anyone else you’re buying with are first-time buyers. If the price is over £500,000, you’ll pay 5% on the portion up to £925,000, and 10% on anything over that.

Please choose an option

You will be required to pay:
£0
in stamp duty

Bovis Stamp Duty Bovis Stamp Duty

Frequently asked Questions

Expert advice and guidance at Bovis Homes

For further advice and guidance on stamp duty, the buying process, or our new build homes near you, get in touch with our helpful sales team.

More ways we can help you move

Help to Buy

The government’s Help to Buy scheme lends first-time buyers up to 20% with an equity loan – meaning you can access competitive lending rates for the maximum of 75% mortgage deal.

Help to Buy London

Buy in London with just 5% deposit and 55% mortgage. The government backed scheme, exclusive to first time buyers means a new home in London could be more affordable than you thought.

Home Exchange

Moving house is stressful enough already, so we aim to alleviate some of that stress. With Home Exchange you can have peace of mind knowing that we are your guaranteed buyer.

Smooth Move

Smooth Move is our scheme for all existing property owners to save time and money. We deal with the estate agents to sell your home and even pay the estate agents’ fees!

Introduce a Friend

Know someone who’d love a new Bovis Home? Introduce a friend and we’ll give you £500* when they buy from us.

Help to Buy

The government’s Help to Buy scheme lends first-time buyers up to 20% with an equity loan – meaning you can access competitive lending rates for the maximum of 75% mortgage deal.

Help to Buy London

Buy in London with just 5% deposit and 55% mortgage. The government backed scheme, exclusive to first time buyers means a new home in London could be more affordable than you thought.

Home Exchange

Moving house is stressful enough already, so we aim to alleviate some of that stress. With Home Exchange you can have peace of mind knowing that we are your guaranteed buyer.

Smooth Move

Smooth Move is our scheme for all existing property owners to save time and money. We deal with the estate agents to sell your home and even pay the estate agents’ fees!

Introduce a Friend

Know someone who’d love a new Bovis Home? Introduce a friend and we’ll give you £500* when they buy from us.

Still haven't found what you're looking for?

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP PAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

All images are used for illustrative purposes only and are representative only. They may not be the same as the actual home you purchase and the specification may differ. Images may be of a slightly different model of home and may include optional upgrades and extras which involve additional cost. Individual features such as windows, brick, carpets, paint and other material colours may vary and also the specification of fittings may vary. Any furnishings and furniture are not included in any sale. Please check with our sales consultants for details of the exact specifications available at the development(s) for each type of home and the associated prices.