Stamp duty discounts are set to become less generous for some home buyers from April. Stamp duty applies in England and Northern Ireland. “Bond market dramas at the start of the year pushed mortgage rates up a little. At £1,129, the average fee currently charged on a fixed-rate mortgage deal (excluding no-fee products) has risen by £89 since March 2020, the website said. UK Finance said it had seen changes for first-time buyers in the level of deposit required, particularly in and around London, where buyers are needing to find bigger deposits to make up for the lower loan sizes available.

Source: The Times March 03, 2025 12:36 UTC