First-time buyers in England may not pay Stamp Duty on the first £300,000 of a property purchase, provided the total price does not exceed £500,000. If the property is priced above £500,000, first-time buyer relief does not apply. This can remove or significantly reduce upfront tax for many buyers.
First-time buyers also do not pay the additional 3% Stamp Duty surcharge that applies to second homes or buy-to-let purchases. They do not pay estate agent fees when buying, as those are typically covered by the seller. Capital Gains Tax is not payable on your main home if you later sell it and it has been your primary residence.
However, first-time buyers still pay legal fees, survey costs, mortgage arrangement fees (if applicable) and standard council tax once they move in.
Check out the GOV website for up to date details about stamp and land duty tax.
Your home may be repossessed if you do not keep up repayments on your mortgage.“