The race is on to save thousands on your new home before April

Miller Homes is urging aspiring home buyers to try and make their dream house move before 1 April 2025 to take advantage of current Stamp Duty rates, which could save them thousands on their new home.

With prices at some Miller Homes developments starting from only £246,995 purchasing before the introduction of April’s Stamp Duty changes could save buyers nearly £2,500. This savings figure will rise in relation to the value of the home purchased.

Due to the reduction of the nil rate threshold from £250,000 – the average price of a house in the North West of England – to £125,000, home buyers face the prospect of paying a Stamp Duty rate of 2%, rising to 5% for houses over the £250,000 threshold.

First-time buyers are also set to be impacted by the changes, with the nil-rate threshold reducing from £425,000 to £300,000 and the maximum purchase price for First-Time Buyer Relief dropping from £625,000 to £500,000. For those ready to take the next step, there’s still time to secure a new home and benefit from the current rates.

With a variety of developments across the North West, including Lunts Heath Rise in Widnes, Varsity Quarter in Manchester, Miller Homes offers buyers the chance to explore homes that fit their lifestyle and could help them save on Stamp Duty ahead of the upcoming changes.

To learn more about Miller Homes and its developments, visit the Miller Homes Website