How much stamp duty do I pay on a £245,000 house?

A standard home mover pays £2,400 in Stamp Duty (an effective rate of 0.98%). A first-time buyer pays £0, while a buy-to-let or second home buyer pays £14,650 (5.98%).

Do first-time buyers pay stamp duty on £245,000?

No, first-time buyers pay £0 stamp duty under First-Time Buyer Relief in England and Northern Ireland.

When must stamp duty on £245,000 be paid?

SDLT must be filed and paid to HMRC within 14 days of property completion. Typically, your conveyancing solicitor manages this payment.

Stamp Duty on £245,000 House (2026/27)

Stamp Duty on a £245,000 House

Standard home buyers pay £2,400 SDLT on a £245,000 property in England and Northern Ireland (0.98% effective rate).

Standard Stamp Duty

£2,400

Effective rate: 0.98%

First-Time Buyer

£0

Full relief (saves £2,400)

Second Home / BTL

£14,650

Includes +5% surcharge (5.98%)

Non-UK Resident

£7,300

Includes +2% levy (2.98%)

Band-by-Band Calculation for £245,000

SDLT is calculated in stepped progressive slices across each statutory rate band:

SDLT Band	Statutory Rate	Taxable Portion	SDLT Due
Up to £125,000	0%	£125,000	£0
£125,001 to £250,000	2%	£120,000	£2,400
Total Standard SDLT Liability			£2,400

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£245,000 Mortgage & Affordability Context

Estimated 10% Deposit

£24,500

Upfront cash required

Est. Monthly Mortgage

£1,226/mo

At ~4.5% over 25 years

Household Income Needed

~£49,000/yr

At typical 4.5x lending cap (Take-Home Pay Guide)

Upfront Total Cash

£29,899

10% Deposit + SDLT + Legal Fees

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