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.