Find your new home
Find your new home
Where would you like to live?

Find your new home

How many bedrooms would you like?

  • One bedroom
  • Two bedroom
  • Three bedroom
  • Four bedroom
  • 5+ bedrooms

What property style are you looking for?

  • Detached
  • Semi-Detached
  • Terraced
  • Apartments
  • Bungalow
  • Town House

Distance

40 miles
0 miles
100 miles

Learn about Stamp Duty

Discover all you need to know about Stamp Duty and how much you may need to pay when purchasing your new home.

What is Stamp Duty?

Stamp Duty Land Tax, often referred to as SDLT or Stamp Duty, is a tax due on all property purchases, new or pre-owned, in England. If you are buying a residential property, there are different rates of SDLT if you are a first time buyer, are buying an additional property or are not a UK resident.

The Government has temporarily adjusted the threshold at which SDLT starts to apply to £250,000, meaning that homebuyers will have less tax to pay. This rate is in place until 1st October 2021, at which point it will revert to £125,000.

Please note tax rates differ between England and Wales. If you’re buying a home in Wales costing more than £250,000, you’ll have to pay Land Transaction Tax (LTT) on your purchase.

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How do you pay Stamp Duty?

Your solicitor or conveyancer is normally the person who calculates and pays your Stamp Duty on your behalf, however you can pay HMRC directly if you so choose. All Stamp Duty must be paid within a maximum of 14 days after completion.

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How much will I have to pay?

For completions before 1st October 2021 the following rates will be applicable:
Property Price
SDLT
Up to £250,000
-
The next £675,000
5%
The next £575.000
10%
The remaining amount (£1.5m+)
12%

From the 1st October 2021 the zero rate will only apply for values up to £125,000 with the portion between £125,001 to £250,000 being charged at 2%.

Rates on your first home

First-time buyers do 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. The standard Stamp Duty rates apply to properties valued over £500,000.
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Home mover rates

When you buy a property you're planning to live in (and you've owned a property before), you'll pay Stamp Duty on each portion of the property price.

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Rates on a second home

Don't forget if you’re purchasing a second home or have the intention of renting your newly-purchased property out, then higher rates of Stamp Duty are typically imposed. This usually means that an extra rate of 3% is added to the standard Stamp Duty tax bands.

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Ways to help you move

Discover how easy and affordable moving into a new Redrow home can be when you use our range of incentives that are designed to help you move.

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HELP TO SELL

Sell, save and move with Help to Sell

A beautiful new home and an assisted move from a company you can trust. Help to Sell is a scheme that help you to have an easy move.  
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Help-to-Buy

Help to Buy

Move into your new home with Help to Buy

Make the most of this Government-backed scheme for Help to Buy homes and move into your Redrow new build home with as little as a 5% depo...
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Prime Position

Be the first to reserve your new home with Prime Position

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