Mortgage Race to Complete

Mortgage Race to Complete

by Aurora Financial — Posted on February 12, 2025

As we all know there are only two certainties in life, Death & Taxes. The second of these is controlled by the government, which has decided to change (AGAIN) the rates that buyer pay stamp duty land tax on property purchases.

At the moment, buyers of homes worth less than £250,000 do not pay stamp duty land tax, but this will revert to £125,000 from 1 April.

For most first-time buyers the threshold is currently £425,000, but this will fall back to £300,000 in April.

Now is the time to chase your estate agents and solicitors, to ensure that you minimise your tax payments before 1st April, as it may be a very costly April fools joke if you have not completed.