What’s Changing with Stamp Duty?
In April, major changes to stamp duty will come into effect. Currently, first-time buyers pay no stamp duty on homes valued up to £425,000, but this threshold will soon drop to £300,000.

These changes will still offer first-time buyers a reduced tax burden, potentially saving thousands on homes within the new £300,000 exemption limit.

A Boost for Homebuyers
With the stamp duty changes approaching, many buyers are expected to race against the clock to complete their purchases before April. However, those starting their property search now may find it challenging to finalise transactions before the new rules take effect.

How JMP Can Help First-Time Buyers

Understanding the stamp duty framework can still be complex, especially for first-time buyers. That’s where the expertise of a conveyancing solicitor proves invaluable.

To get started, call our conveyancing team at 01476 565 295 or email us at [email protected].