Good news! The UK Government has extended the Stamp Duty holiday across England until 30th June 2021, meaning you won't have to pay any stamp duty on a new home up to £500,000!
From 30th June to 31st October, the government will also raise the threshold on which homeowners will pay stamp duty from £125,000 to £250,000, meaning you only start paying Stamp Duty on the value of your home over £250,000.
The rules around Stamp Duty will return to normal on 1st November 2021. If you are first-time buyer and your new Erris Home is under £300,000, you won’t need to pay stamp duty at all.
If you are already a homeowner, you can expect to pay stamp duty when buying a new home over the cost of £125,000.
Use this handy Stamp Duty calculator see how much you can expect to pay.