THE average first-time buyer in Ealing will face some of the biggest stamp duty rises in the country from April,  a new study shows. 

Currently, first-time buyers pay no stamp duty when buying a home with a price of up to £425,000. However, that will return to a level of £300,000 from April. 

The study, conducted by My Home Move Conveyancing, looked at the impact, based on the average sale price for first-time buyers in each area of the country. 

Those in London and the South East are most affected, with the average purchase price in these areas already exceeding the threshold. Ealing is among the 10 biggest risers.

My Home Move Conveyancing predicts a rush of first-time buyers looking to complete before the deadline.

It found that those new to the property market in 69 local authorities will now face charges when previously they would have fallen below the nil-rate threshold. 

Alistair Singer, director at My Home Move Conveyancing, said: “We’ve known since 2022 that these changes were coming. However, the financial impact will still come as a shock to first-time buyers.

“Indeed, some were hoping in the Budget that the timeframe for the higher level of relief would be extended beyond April 2025.”

Readers can find the full report at: https://myhomemoveconveyancing.co.uk/buyers/what-can-you-afford/stamp-duty-2025-will-first-time-buyers-pay-more/