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Stamp Duty on £625,000 Property

Calculate stamp duty on a £625,000 property

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Standard rates apply - replacing main residence

Disclaimer: This tool does not constitute financial advice. We do not recommend taking actions based solely on these results. The calculator makes assumptions and results may be inaccurate due to changes in government policy, interest rates, or personal circumstances. You use this information at your own risk. We can't guarantee to be perfect, so do note you use the information at your own risk and we can't accept liability if things go wrong. For official guidance, visit Gov UK.

Quick Answer: Stamp Duty on £625,000

First-Time Buyer

N/A

Above £625k threshold

Standard Buyer

£21,250

3.40% effective rate

Additional Property

£52,500

Includes 5% surcharge

How Stamp Duty is Calculated on £625,000

Stamp duty is calculated using tiered rates. You pay different percentages on different portions of the property price, similar to income tax bands.

Standard Buyer Breakdown

BandRateAmountTax
£0 - £125,0000%£125,000£0
£125,000 - £250,0002%£125,000£2,500
£250,000 - £625,0005%£375,000£18,750
Total Stamp Duty£21,250

Additional Property Breakdown

ComponentAmount
Base Stamp Duty£21,250
5% Additional Property Surcharge+£31,250
Total (Additional Property)£52,500

First-Time Buyer Relief

First-Time Buyer Relief Not Available

First-time buyer relief only applies to properties up to £500,000. At £625,000, first-time buyers pay the same rates as standard home movers: £21,250.

Tips for Buyers at This Price Point

  • Negotiation tip: Consider negotiating the price down slightly to reduce your stamp duty bill.
  • Budget planning: Factor stamp duty of £21,250 into your total purchase costs alongside legal fees, surveys, and moving costs.

What Can You Buy for £625,000?

At £625,000, buyers are firmly in the premium family home category outside London. In Surrey, Hertfordshire, Berkshire, and Kent, this budget accesses a four-bedroom detached house in a well-regarded commuter town with good rail links and schools. In Bristol's Clifton, Bath's Royal Crescent area, and Cambridge, £625,000 delivers a three-to-four-bedroom character property. In Edinburgh's West End or Morningside, this price reaches a substantial period flat or a townhouse. In Manchester's Alderley Edge, Didsbury, or Hale, £625,000 covers an executive family home. In London, this budget stretches to a two-bedroom flat in zones 2–3 or a three-bedroom flat in zones 4–5. No first-time buyer relief is available at this price (the FTB cap is £500,000), so first-time buyers pay the same standard SDLT rates as home movers. The entire taxable portion falls within the 5% band, well below the £925,001 threshold where the 10% rate begins.

Total Cost of Buying at £625,000

At £625,000, stamp duty is a significant purchase cost: standard buyers pay £21,250, while additional property buyers pay £52,500. A 15% deposit (£93,750) is common at this price level and typically unlocks the best mortgage rates. Combined with stamp duty, legal fees (£2,000–£3,000), a survey (£500–£1,000), and mortgage arrangement fees, total upfront costs excluding the deposit range from £24,000–£28,000 for a standard buyer. Mortgage affordability requires a combined household income of approximately £120,000–£145,000 based on standard multiples. Many buyers at this price level are using substantial equity from a previous property sale to fund the deposit, making chain management and timing critical to a smooth purchase.

Frequently Asked Questions

How much stamp duty on a £625,000 property?

For a £625,000 property in England: First-time buyers pay standard rates (no relief above £625k), standard home movers pay £21,250, and additional property buyers pay £52,500 including the 5% surcharge.

Do first-time buyers pay stamp duty on £625,000?

Yes, first-time buyers pay standard rates on a £625,000 property because it exceeds the £500,000 threshold for first-time buyer relief. They would pay £21,250.

What is the stamp duty on a £625,000 second home?

The stamp duty on a £625,000 second home is £52,500. This includes the standard SDLT of £21,250 plus a 5% additional property surcharge of £31,250.

What is the effective stamp duty rate on £625,000?

For a £625,000 property, the effective stamp duty rate is 3.40% for standard buyers and 8.40% for additional property purchases.

Can first-time buyers get relief on a £625,000 property?

No. First-time buyer relief only applies to properties priced up to £500,000. At £625,000, all buyers (including first-time buyers) pay standard SDLT rates. This means a first-time buyer pays the same £21,250 as a home mover. Buyers who had considered a property at or below £500,000 should be aware that the jump to £625,000 adds a significant stamp duty cost that FTB relief would otherwise have partially offset.

What are the total costs of buying a £625,000 property?

Total purchase costs on a £625,000 property include: stamp duty (£21,250 for standard buyers), conveyancing fees (£2,000–£3,000), a survey (£500–£1,000 for a homebuyer report or £800–£1,500 for a full structural survey), mortgage arrangement fee (£0–£1,000), and removal costs (£1,000–£3,000). Excluding the deposit, total costs typically range from £25,000–£30,000. Additional property buyers should add a further £31,250 for the 5% surcharge.

Other Price Points

Related Guides

Note: These calculations are for properties in England and Northern Ireland. Scotland uses LBTT and Wales uses LTT with different rates.

Scotland LBTT Calculator →Wales LTT Calculator →