Number of London properties under offer ‘at its highest since before Brexit’ says Foxtons

Under the scheme first-timers pay no stamp duty for properties changing hands for less than £425,000 and only 5% from £425,000 to £625,00. However, from April 1 this will revert to a nil rate up to just £300,000, well below the average price of a first-time buyer property in London, while the 5% rate will apply only up to £500,000.