Do first-time buyers pay stamp duty on £400,000?

A first-time buyer pays £5,000 Stamp Duty on a £400,000 home in England or Northern Ireland. In Scotland it's £12,750 and in Wales £10,500.

How much is it if I've owned a home before?

£10,000 in England or Northern Ireland, £13,350 in Scotland and £10,500 in Wales. That's for replacing your main home. An extra home or buy-to-let pays a surcharge on top.

Who counts as a first-time buyer?

Everyone buying must never have owned a home, in the UK or anywhere else, and must be going to live in it. If you buy with someone who has owned before, the relief doesn't apply.

How much cash do I need to buy a £400,000 home?

About £29,000 in England with a 5% deposit: £20,000 deposit, £5,000 Stamp Duty, and about £4,000 for legal fees, searches, a survey and moving.

What salary do I need for a £400,000 home?

Many lenders lend around 4.5 times income, so a £380,000 mortgage with a 5% deposit would need about £85,000 a year, alone or together. Only a lender can say what they'd lend you.

Stamp duty calculator

Rates checked 2026-10-01

Stamp duty on a £400,000 house

A first-time buyer pays £5,000 Stamp Duty on a £400,000 home in England or Northern Ireland. Someone moving home pays £10,000. In Scotland it's £12,750 LBTT for a first-time buyer, and in Wales £10,500 LTT.

On a £400,000 home, by nation
Where	First-time buyer	Moving home
EnglandStamp Duty	£5,000	£10,000
Northern IrelandStamp Duty	£5,000	£10,000
ScotlandLBTT	£12,750	£13,350
WalesLTT	£10,500	£10,500

For your main home. An extra home or buy-to-let pays a surcharge on top. See it band by band

The cash you'd need on day one

5% deposit: £20,000
Stamp Duty: £5,000
Fees and moving: £4,000
Total: £29,000

A first-time buyer in England. Many lenders would want an income of about £85,000 for the mortgage. What £85,000 a year reaches

Common questions

Do first-time buyers pay stamp duty on £400,000?: A first-time buyer pays £5,000 Stamp Duty on a £400,000 home in England or Northern Ireland. In Scotland it's £12,750 and in Wales £10,500.
How much is it if I've owned a home before?: £10,000 in England or Northern Ireland, £13,350 in Scotland and £10,500 in Wales. That's for replacing your main home. An extra home or buy-to-let pays a surcharge on top.
Who counts as a first-time buyer?: Everyone buying must never have owned a home, in the UK or anywhere else, and must be going to live in it. If you buy with someone who has owned before, the relief doesn't apply.
How much cash do I need to buy a £400,000 home?: About £29,000 in England with a 5% deposit: £20,000 deposit, £5,000 Stamp Duty, and about £4,000 for legal fees, searches, a survey and moving.
What salary do I need for a £400,000 home?: Many lenders lend around 4.5 times income, so a £380,000 mortgage with a 5% deposit would need about £85,000 a year, alone or together. Only a lender can say what they'd lend you.

A guide, not tax advice. Your solicitor will confirm the figure for your purchase.

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