Spring pays Stamp Duty on some of the homes we buy. These transactions are considered additional properties so the Stamp Duty rate is 5% higher than standard Stamp Duty rates. For more about the Government’s Stamp Duty rates, click here.

WHEN OUR PURCHASE IS STAMP-DUTY EXEMPT
In the following cases, Spring will not need to pay stamp duty on your home, which will result in a lower home buying fee for you.
  • If you are selling a probate property to us.
  • If you are selling your home to buy a new build
    • Condition 1. You must have lived in the property as your main home at some time during the 2 years before we buy it.
    • Condition 2. You intend to live in the new build as your main or only home
  • If you need to sell your home to relocate within the UK for work purposes.
  • If by buying your home, we are helping to fix a broken chain.

If you are not stamp duty exempt as per the above, in all other cases, Spring will need to pay Stamp Duty and deduct it from your proceeds.


Spring's Stamp Duty Fees
Stamp Duty is payable as a percentage of the sale price, and will be paid as a percentage of the offer Spring makes to you. Please note Stamp Duty works in bands as detailed below, and thus deducted from your proceeds. Our goal is to pay you the best price your home deserves, so if Stamp is payable, your Spring Property Advisor will discuss the best Spring Sale option for your needs.


Spring Offer Stamp Duty Payable
Up to £125,000 5%
The next £125,000 (the portion from £125,001 to £250,000) 7%
The next £675,000 (the portion from £250,001 to £925,000) 10%
the next £575,000 (the portion from £925,001 to £1.5mil) 15%
Remaining amount (the portion over £1.5mil) 17%