Yorkshire Building Society warns homebuyers face 'cliff-edge moment' after stamp duty overhaul

Yorkshire Building Society warns homebuyers face 'cliff-edge moment' after stamp duty overhaul

Yorkshire Building Society warns homebuyers face 'cliff-edge moment' after stamp duty overhaul - First-time buyers made a record number of mortgage applications in the first quarter of 2025, but experts warn this positive trend could soon reverse following April's

Stamp Duty creates 'cliff-edge moment' for FTBs, says YBS

Yorkshire Building Society said the number of first-time buyers (FTBs) applying for mortgages hit the highest level since 2022 at the start of 2025.  Research found 125,648 FTBs put in applications from January to March 2025. The analysis also found that the number of FTB transactions were up by 12% compared to the same period last year, which is double the average year-on-year growth since Stamp Duty incentives began in 2017.  In Q1 this year, …

Stamp duty changes a ‘cliff-edge moment’ for first-time buyers

131% spike in FTB purchases prior to SDLT deadline

First-time buyer completions rocketed up by as much as 131% year-on-year in March 2025 as they rushed to complete purchases before April’s Stamp Duty deadline, according to mortgage lender Moneybox. That is 56% higher than historic trends for the period and, says Moneybox, while all mortgage applications also rose by 44% year-on-year, the more modest average increase suggests that many buyers had already set their plans in motion and were fast-t…

First-time buyer completions skyrocketed 131% ahead of stamp duty deadline - Property Industry Eye

First-time buyer completions skyrocketed 131% ahead of stamp duty deadline - Breaking news for estate agents and the residential property industry. Independent, unbiased, and factual reporting. A forum for discussion and debate of topics of the day. Subscribe for our free daily newsletter.