First-time buyers in parts of London will have to find an additional lump sum of almost £12,000 after April this year, as new stamp duty rules come into effect. That's on top of the £124,700 of the average starter home deposit in the capital.
Hackney, Haringey, Wandsworth and Richmond-upon-Thames are estimated by Hamptons to be the boroughs where the typical first-time buyer is likely to be most affected by the changes needing to fork out an additional £11,250 in property tax than they do at the moment.
