Stamp Duty: What the new changes mean for you.

Stamp Duty has been a hot topic lately after Liz Truss announced in September that they were making cuts to Stamp Duty to encourage growth in the property market. It seems like this is short lived, however, when chancellor Jeremy Hunt recently announced that these changes will be reversed from April 2025. So, what do you need to know to take advantage of the discounted rates?

Stamp Duty, otherwise known as land transaction tax (SDLT), is a tax you only pay when:

  • You buy a property, either outright or with a mortgage
  • Exchange land or property in return for payment (e.g., taking on a mortgage or buying a share in a house)
  • Buy a freehold or leasehold property
  • Purchase property or land worth over £40,000
  • Buy a property through the shared ownership scheme

These new changes to Stamp Duty will certainly encourage first time buyers in the UK and Northern Ireland, with the minimum cost of a property on which Stamp Duty will take effect rising from £300,000 to £425,000 for first time buyers and from £125,000 to £250,000 for all other buyers.

This means that in the UK, first time buyers are benefiting from discounted Stamp Duty rates if they are purchasing a property costing less than £625,000. If the cost of the property is above that, standard Stamp Duty rates apply.

First time buyers are due to see as much as a £6,250 saving on Stamp Duty alone, and everyone else may see up to £2,500. This will be a huge relief for many and could be the difference it takes for them to enter the housing market.

These changes are promising in making housing more affordable and may encourage new buyers to get on the housing ladder before the changes revert in April 2025.

Of course, if you are planning to buy a new home, do your research and ensure that you are paying the correct tax rates on your home. If you need support with this process, please contact us at Baron Grey and our experts can advise you on all your Property Law needs. Contact us for a free consultation by calling 020 8891 4311 or visit our contact page for more ways to get in touch.

Get in touch

If you would like us to call you, please click through to complete our contact form and one of our solicitors will be delighted to call you back.

  • 020 8891 4044
  • 020 8891 4311
  • info@barongrey.co.uk
Contact us

Services

Get in touch

  • Langtry House, 441 Richmond Road, Twickenham TW1 2EF
  • 020 8891 4044
  • 020 8891 4311
  • 020 8891 2058
  • info@barongrey.co.uk
  • Mon-Fri | 9:00am-5:30pm

Esaniya Sachdeva

SOLICITOR

Esaniya joined Baron Grey as a trainee solicitor in November 2022 and qualified in November 2024. Throughout her training contract she assisted in Corporate Drafting, Private Client, Employment Law, Family Law and Civil Litigation. Currently, Esaniya is working with Family Law clients concerning their divorce and financial proceedings and within Civil Litigation with matters ranging from Landlord and Tenant Dispute to Money Claims.

Esaniya is delighted to have achieved a milestone at Baron Grey and continues her journey with us to provide a welcoming professional service to all her clients.

Envelope Phone

Jordan Srokowski

SENIOR SOLICITOR

Jordan joined Baron Grey as a senior solicitor in the private client team in September 2024, having been at a boutique practice in Pimlico for 7 years. Jordan specialises in all areas of private client, including the drafting of wills and trusts, court of protection applications, administering estates and elderly client matters.

Outside his busy practice, Jordan enjoys watching rugby, participating in Hyrox competitions, attending the theatre and reading.

Envelope Phone

Chris Wright

CONSULTANT

Chris initially qualified and practiced at the Bar for several years before going into industry with two major UK construction and engineering companies. He left this position to become a senior partner at a law firm where he handled a range of domestic and international construction and engineering law matters. He was an Adjudicator on the TeCSA panel, and acted as a reviewer for the FIDIC White Book Conditions. He has contributed to a text book on BIM and Quantity Surveying. 

Chris remains a member of the Society of Construction Law where he brings his experience as a consultant on construction law matters. He is also a practising Mediator and Arbitrator, being both an FCIArb and an Associate of the Civil Mediation Council.

Peter Arnstein

CONSULTANT SOLICITOR

Peter qualified as a solicitor following his training with a firm on Richmond Green and has since worked with firms on both sides of the river. Initially specialising in criminal law and dispute resolution, he later brought the forensic skills he had acquired to residential and commercial conveyancing, Wills and Probate. His approach in acting for clients has always been to look for problems and offer solutions.  

Peter is delighted to have now joined Baron Grey where he continues to look after clients old and new, seeking to provide an approachable and professional service to all.

Envelope Phone

Contact Us

Feel free to get in touch with us via phone or email, or complete the form and one of our solicitors will be delighted to call you back.

  • 020 8891 4044
  • 020 8891 4311
  • 020 8891 2058
  • info@barongrey.co.uk

James Atkins

Associate Solicitor

James is a private client solicitor specialising in wills, trusts, powers of attorney and estate administration. He graduated from the University of Glasgow with a degree in English Literature in 2013 and went on to complete his law conversion course at BPP University. 

James trained at Baron Grey and after a sabbatical in Russia has recently re-joined the firm. James has a very friendly and approachable manner and is an asset to Baron Grey.

Envelope Linkedin Phone

Lara Symons

Solicitor

Lara Symons qualified as a solicitor in 1997 and has specialised in all aspects of Immigration Law since then. Lara was formally the head of the Immigration Appeals Team at White Ryland Solicitors in Shepherds Bush, before moving to Spain for four years with her family.

Lara joined Baron Grey in 2013 and now works for the firm dealing with a wide range of immigration and probate matters.

Envelope Phone

Minnie Waite

Conveyancer

Minnie Waite joined Baron Grey in 2017 as a conveyancer having worked in the City for many years.

She has over 20 years’ experience in dealing with all aspects of conveyancing transactions and has studied the License Conveyancing course. Minnie specialises in freehold/leasehold, enfranchisement, has some commercial experience and advises on mortgages.

She is extremely approachable and friendly and a great addition to the Baron Grey team.

Envelope Phone

Ben Hall

Solicitor Advocate

Ben Hall is an experienced solicitor who re-joined Baron Grey solicitors in early 2018, having originally trained under Vincent in 2006.

Ben specialises in criminal defence work and regularly represents clients from the investigatory stage all the way through to the Crown Court and Court of Appeal, where he has had notable success.

Ben has expanded his practice into civil litigation with a particular emphasis on commercial and probate disputes.

Envelope Linkedin Phone

Emma Faulkner

Solicitor

After being awarded a 2:1 degree in Law from the University of Reading, Emma joined Baron Grey in 2012. Since then, she has successfully completed the Legal Practice Course part-time obtaining a Distinction, and qualifying as a solicitor in February 2016.

Emma assists the litigation team and specialises in Family Law, including divorce and financial proceedings. Emma also deals with the niche area of Private Client Law concerning Lasting Powers of Attorney. She follows the footsteps of her grandfather who worked for Baron Grey as a senior legal assistant.

Envelope Linkedin Phone

Vincent Hambleton-Grey

Principal

After graduating in Law in London, Vincent joined the firm in 1990 as a newly qualified solicitor. He specialises in litigation and company commercial work as well as employment and matrimonial matters. 

He is passionate about representing those who do not always have a fair voice in the community and his clients vary from local people to many small businesses in the area. Whenever possible, Vincent’s aim is always to meet and discuss matters with all new clients personally first. 

Born in Swansea, South Wales, he moved to London as an undergraduate and has lived in Twickenham since 1994. He is married with two daughters. 

Envelope Linkedin Phone