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Do I get first-time buyers relief on Stamp Duty?
Do I get first-time buyers relief on Stamp Duty?
Nacho Campomanes avatar
Written by Nacho Campomanes
Updated over 2 weeks ago

Unfortunately not. Because you’re buying a home in partnership with our funding partners who are ‘corporate buyers’ and not first-time buyers, the government charges the partnership at a higher tax rate.

But, you only pay Stamp Duty in proportion to your ownership.

For example, if you start by buying 5% of a home, you only pay 5% of the Stamp Duty.

Home prices are divided into ranges with each range being charged at a different rate.

Rates from 1st April 2025

Ranges of home price to be taxed

Higher rate of SDLT

Up to £125,000

5%

£125,001 to £250,000

7%

£250,001 to £925,000

10%

*Wayhome only buy homes up to the value £500,000

Example: On a £300,000 home, the total Stamp Duty due to the government would be £20,000.

%

£

5% on the first £125,000

£6250

7% on the next £124,999

£8750

10% on the final £50,000

£5000

Total

£20,000

If you own 5% of the home, you only pay 5% of the Stamp Duty, which in this example is £1000.

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