For first-time buyers, purchasing a home is one of the most exciting milestones in life. It’s a moment full of hope, excitement, and a sense of new beginnings. But with the housing market constantly evolving, timing is everything. If you’re considering buying your first home, now might be the perfect opportunity to take the leap, especially given some upcoming changes to the stamp duty rates.
What’s Changing?
Currently, first-time buyers benefit from a special nil-rate stamp duty threshold of £425,000, meaning that if you’re buying a property up to this amount, you won’t pay stamp duty on the first £425,000 of the purchase price. This favourable rate applies to properties with a purchase price of up to £625,000. However, from 31 March 2025, this threshold will reduce. The nil-rate band will drop to £300,000, and the maximum purchase price to qualify will be £500,000.
What does this mean for you? If you’re a first-time buyer and purchase a property worth £425,000 today, you’ll pay no stamp duty on it. But if you wait until after March 2025, you’ll face an additional £6,250 in stamp duty fees on the same property—making now a far more attractive time to buy.
Why Wait? Let Us Help You Secure Your Dream Home
At Skipton Properties, we understand the importance of getting the timing right when purchasing your first home. That’s why we want to make this process as seamless as possible for you. We currently have a range of beautiful first-time buyer homes available that not only fall within the current nil-rate stamp duty threshold but are also crafted with the exceptional quality and care we are known for.
Our homes aren’t just bricks and mortar; they’re the foundations for a happy, fulfilling life. We have carefully designed each property to be more than just a space to live—it’s a place where you can build your future, whether you’re starting a family, establishing your independence, or investing in your future.
Explore Our First-Time Buyer Homes
We currently have several natural stone properties available that are ideal for first-time buyers, all eligible for the current stamp duty benefits.
These homes offer the perfect balance of luxury and practicality, providing you with a beautiful, modern space that feels like home from the moment you step through the door.
The Ashton – Plot 15
A cleverly designed three-bedroom semi-detached home, Christmas gift included!
£325,000
These homes are ready for viewing, and we’d love to show you around. Our friendly team is here to guide you through every step of the process, ensuring that you feel supported and confident in your decision.
Don’t Miss Out
With the stamp duty changes coming in March 2025, now is truly the best time to buy your first home. By purchasing today, you could save thousands in additional costs while securing a property that will not only meet but exceed your expectations.
At Skipton Properties, we’re more than just builders—we’re here to help you create the life you’ve always imagined, in a home that is built to last.
Contact us today to explore our range of first-time buyer homes and take the next step towards owning your dream home.