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Stamp Duty paid to get you moving

Redrow can help your move happen with a contribution to stamp duty!

Autumn Budget – Savings for first-time buyers

As of 22nd November 2017, first time buyers will not pay Stamp Duty on the first £300,000 of their home. Therefore if you buy your first home for less than this, you will not pay any Stamp Duty. If you buy your home for between £300,001 and £500,000 you’ll only pay 5% on that portion of the purchase price.

What is Stamp Duty?

Stamp Duty Land Tax is a tax due on all property purchases, new or pre-owned, over £125,000 unless you’re a first time buyer, then it doesn’t apply on properties under £300,000. It ranges from 0% on the first £125,000 of the property price, to 12% of the value over £1.5m.

Right now, with first time buyers being exempt when purchasing homes under £300,000 and Redrow making a contribution to your Stamp Duty on selected plots, it’s never been a better time to move.

How much will you save?

You could save thousands of pounds when Redrow pays your Stamp Duty for you. For example, on a typical £250,000 family home, you’ll save £2,500 in Stamp Duty. On a larger executive home, costing £400,000, you’ll save a massive £9,000.

See below for the breakdown of Stamp Duty charges.

Stamp Duty Rates

Please note that first time buyers purchasing a home for under £300,000 are exempt from paying Stamp Duty and if you buy your home for between £300,001 and £500,000 you’ll only pay 5% on that portion of the purchase price.

HOUSE PRICE (MINIMUM)
HOUSE PRICE (MAXIMUM)
STAMP DUTY RATE
£0
£125,000
0%
£125,001
£250,000
2%
£250,001
£925,000
5%
£925,001
£1.5 million
10%
Over £1.5 million
-
12%

Work out the cost of Stamp Duty

Find out how much you could save with us paying your Stamp Duty. Remember if you’re a first time buyer, you don’t need to pay Stamp Duty on homes under £300,000 and if you buy your first home for between £300,001 and £500,000 you’ll only pay 5% on that portion of the purchase price.
Required Stamp Duty £0

Other ways to help you move

Help to Buy

Move in with just a 5% deposit!

Make the most of this Government-backed Help to Buy scheme and move in to your Redrow home with as little as a 5% deposit.
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Mastermove

Move in 3 simple steps with Mastermove

Find out more about Mastermove, and take the stress out of selling your current property.
FIND OUT MORE

Early Bird

Be one step ahead with Early Bird

Reserve your Redrow home before its official release for sale, with no obligation to proceed if you change your mind.
FIND OUT MORE