First-time buyers must act NOW to save £15k on property purchase – cheapest places to get on the ladder

THOUSANDS of first-time buyers have been warned to act now to save up to £15,000 in Stamp Duty.

The amount you can spend on a property before incurring Stamp Duty will fall on March 31 2025, penalising thousands of would-be homeowners.

Stamp Duty is a tax you may have to pay if you buy a home in England or Northern Ireland that is worth more than a certain price.

For most homeowners this is above £250,000.