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

£22,500 in England or Northern Ireland, £38,350 in Scotland and £29,250 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 £650,000 home?

About £60,010 in England with a 5% deposit: £32,500 deposit, £22,500 Stamp Duty, and about £5,010 for legal fees, searches, a survey and moving.

What salary do I need for a £650,000 home?

Many lenders lend around 4.5 times income, so a £617,500 mortgage with a 5% deposit would need about £138,000 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 £650,000 house

A first-time buyer pays £22,500 Stamp Duty on a £650,000 home in England or Northern Ireland, the same as anyone else, because first-time buyer relief stops at £500,000. Someone moving home pays the same. In Scotland it's £37,750 LBTT for a first-time buyer, and in Wales £29,250 LTT.

On a £650,000 home, by nation
Where	First-time buyer	Moving home
EnglandStamp Duty	£22,500	£22,500
Northern IrelandStamp Duty	£22,500	£22,500
ScotlandLBTT	£37,750	£38,350
WalesLTT	£29,250	£29,250

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: £32,500
Stamp Duty: £22,500
Fees and moving: £5,010
Total: £60,010

A first-time buyer in England. Many lenders would want an income of about £138,000 for the mortgage.

Common questions

Do first-time buyers pay stamp duty on £650,000?: A first-time buyer pays £22,500 Stamp Duty on a £650,000 home in England or Northern Ireland, the same as anyone else, because first-time buyer relief stops at £500,000. In Scotland it's £37,750 and in Wales £29,250.
How much is it if I've owned a home before?: £22,500 in England or Northern Ireland, £38,350 in Scotland and £29,250 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 £650,000 home?: About £60,010 in England with a 5% deposit: £32,500 deposit, £22,500 Stamp Duty, and about £5,010 for legal fees, searches, a survey and moving.
What salary do I need for a £650,000 home?: Many lenders lend around 4.5 times income, so a £617,500 mortgage with a 5% deposit would need about £138,000 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.

See homes you could afford on First Key