Do first-time buyers pay stamp duty on £450,000?

A first-time buyer pays £7,500 Stamp Duty on a £450,000 home in England or Northern Ireland. In Scotland it's £17,750 and in Wales £14,250.

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

£12,500 in England or Northern Ireland, £18,350 in Scotland and £14,250 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 £450,000 home?

About £34,210 in England with a 5% deposit: £22,500 deposit, £7,500 Stamp Duty, and about £4,210 for legal fees, searches, a survey and moving.

What salary do I need for a £450,000 home?

Many lenders lend around 4.5 times income, so a £427,500 mortgage with a 5% deposit would need about £95,000 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 £450,000 house

A first-time buyer pays £7,500 Stamp Duty on a £450,000 home in England or Northern Ireland. Someone moving home pays £12,500. In Scotland it's £17,750 LBTT for a first-time buyer, and in Wales £14,250 LTT.

On a £450,000 home, by nation
Where	First-time buyer	Moving home
EnglandStamp Duty	£7,500	£12,500
Northern IrelandStamp Duty	£7,500	£12,500
ScotlandLBTT	£17,750	£18,350
WalesLTT	£14,250	£14,250

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: £22,500
Stamp Duty: £7,500
Fees and moving: £4,210
Total: £34,210

A first-time buyer in England. Many lenders would want an income of about £95,000 for the mortgage. What £95,000 a year reaches

Common questions

Do first-time buyers pay stamp duty on £450,000?: A first-time buyer pays £7,500 Stamp Duty on a £450,000 home in England or Northern Ireland. In Scotland it's £17,750 and in Wales £14,250.
How much is it if I've owned a home before?: £12,500 in England or Northern Ireland, £18,350 in Scotland and £14,250 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 £450,000 home?: About £34,210 in England with a 5% deposit: £22,500 deposit, £7,500 Stamp Duty, and about £4,210 for legal fees, searches, a survey and moving.
What salary do I need for a £450,000 home?: Many lenders lend around 4.5 times income, so a £427,500 mortgage with a 5% deposit would need about £95,000 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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