Homebuyers in Melksham can save big if they act fast! Stamp duty changes in April 2025 could increase costs significantly.
Right now, houses under £250,000 have no stamp duty. After April, you’ll pay 2% on prices between £125,000 and £250,000. The amount between £250,001 and £925,000 will be taxed at 5%. A survey showed many buyers don’t know about this with many unaware or lacking details about the stamp duty changes.
These changes could really impact buyers. A £295,000 house will see stamp duty rise from £2,250 to £4,750. A £550,000 home will jump from £15,000 to £17,500.
Mortgage experts say this adds financial pressure. This hits first-timers and those moving up hard. Complete your purchase before April 1st to skip added costs. Higher rates cost homeowners more.
One option exists at Buckley Gardens in Melksham. A three-bed house is ready to move into now. Buy before March 31, 2025, to save on stamp duty and you could save up to £4,250 as the house includes an upgraded kitchen and floors.
Buckley Gardens has homes from two to five bedrooms, along with 43 affordable homes. The site has open space and it’s near Melksham, the M4, and other cities.
