The threshold above which Stamp Duty is paid on homes in England is £250,000 for movers replacing their main residence and £425,000 for first-time buyers.
Based on the four-bed detached Corner Barn at Maple Court in Tholthorpe, available for £894,950, someone moving there would currently owe £32,247 in Stamp Duty.
Mulgrave Properties sales director David Smith said: “We want to help buyers benefit from a more affordable move to a well-designed, energy efficient brand-new home.
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“We’d encourage anyone thinking of moving in 2025 not to wait, but to start their home buying journey now and save on Stamp Duty fees by paying nothing when you reserve by 20th December.”
The York-based homebuilder has developments across Yorkshire, including Apletona in Appleton Wiske near Northallerton; How Beck in Morton-on-Swale; Maple Court in Tholthorpe near Easingwold; Hawthorn Fields in Rufforth and Coast in Burniston near Scarborough.
David added: “We’ll be able to put buyers in touch with independent financial advisers who have access to the entire mortgage market, including ‘green mortgages’, which are only available on the most energy efficient homes.
“All of our properties can potentially be purchased with a green mortgage and because they’re so efficient, homeowners should find their energy bills are considerably lower. Latest figures from the HBF** suggest the savings could be more than £165 per month or £1,981 per year for those who move from an older house to a new one.”
How Beck is a collection of 5 substantial 2-bed, 3-bed and 4-bed homes in Morton-on-Swale, close to Northallerton, ranging from £550,00 to £850,000 and with potential Stamp Duty savings of £30,000.
Hawthorn Fields is a development of brand new 2-bedroom, 3-bedroom and 4-bedroom homes in Rufforth, approximately 5 miles from York, and you could save up to £17,497 in Stamp Duty. A sales advisor will be available to meet you on-site Saturday and Sundays 10:30am till 3pm to talk through floor plans, find out more about fixtures and finishes, and explore the local area.
Apletona is a small development of 2-bed and 3-bed detached bungalows in the village of Appleton Wiske, ranging from 1300 – 1700 sq. ft. Homes are priced from £539,950 to £689,950 and there are potential Stamp Duty savings of £21,997.
There are also a handful of 2-bedroom and 3-bedroom single storey homes, along with a 4-bedroom detached barn-style home available near Easingwold, ranging from £574,950 – £894,950 and with Stamp Duty savings of up to £32,247.
Mulgrave’s Burniston-based properties have solar panels, which could make as much as £642 per year according to Energy Saving Trust data. The best bit? This doesn’t even include the savings you should see off your energy bill compared to older counterparts and you could save up to £12,997 in Stamp Duty, the developer also said.
Are you a first-time buyer local to Scarborough? You could alternatively buy a 3-bedroom semi-detached home for £195,965 as part of the First Homes Scheme, and there’s no Stamp Duty to pay when you complete your purchase by March 31.
For details, go to mulgraveproperties.co.uk
