First-time buyers in Haringey, Hackney, Richmond upon Thames and Wandsworth are set to face the biggest increases in stamp duty following last week’s Budget, figures show.
Analysis of data collected by mortgage advisor Alexander Hall highlights that the average first-time buyer in these four boroughs will pay £11,250 more in stamp duty from 31 March next year, whereas those in Barking and Dagenham, London’s most affordable borough, will face the smallest difference, at £876.
