First-time buyer costs on £570,000 (2026/27)

First-time buyer costs on £570,000

Pre-filled for first-time buyer assumptions so you can compare against mover and second-home cases quickly.

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Guides for the costs at this price

What changes at this threshold?

Compare nearby price brackets with the same assumptions to see how tax and all-in totals move.

How a first-time buyer's £18,500 on £570,000 is worked out

Worked through the first-time buyer bands, £570,000 comes out like this:

1. The first £125,000: £125,000 at 0% = £0
2. £125,001 to £250,000: £125,000 at 2% = £2,500
3. £250,001 to £570,000: £320,000 at 5% = £16,000
4. Total SDLT: £18,500, or 3.25% of the price

Source: GOV.UK: Stamp Duty rates for first-time buyers

The relief limit and £570,000

The relief limit is £500,000, so at £570,000 first-time buyers pay standard rates like everyone else: £18,500.

Negotiating £70,000 off, to £500,000, would bring the relief back and cut a first-time buyer's bill to £10,000, a £8,500 saving on top of the lower price.

£570,000 is over the £450,000 Lifetime ISA price limit, so taking the money out for this purchase carries the 20.00% withdrawal charge.

Source: GOV.UK: Lifetime ISA withdrawal charges

Cash a first-time buyer needs at £570,000

On top of the deposit a first-time buyer needs about £20,940 to £23,190: the £18,500 Stamp Duty, conveyancing (£1,640 average 2026 freehold quote at this price), a RICS Level 2 survey (£800 to £1,000) and up to £2,050 of mortgage fees. A fee-free mortgage gives the lower end.

Lenders set their own deposit rules. Conveyancing from Compare My Move; survey and mortgage fees from HomeOwners Alliance.

A first-time buyer at £570,000 in Scotland and Wales

In Scotland a first-time buyer pays £29,750 LBTT at £570,000: the relief there has no price limit but is worth at most £600.

Wales has no first-time buyer relief, so a first-time buyer pays the full £23,250 LTT. In England and Northern Ireland the same buyer pays £18,500.

Source: Revenue Scotland: Land and Buildings Transaction Tax · Welsh Government: Land Transaction Tax rates and bands

First-time buyer prices either side of £570,000

The first-time buyer column is the one to watch: the relief is lost on the whole price above £500,000.

England and Northern Ireland, 2026/27 rates, from the same calculator as the figures above.

Monthly mortgage on a £570,000 first home

The table sets a 5%, 10% and 15% deposit against the mortgage each leaves on £570,000, with an example monthly cost. Stamp Duty (£18,500) and the fees come from savings on top, although some lenders let you add their own fee to the loan.

Above £500,000 a first-time buyer is taxed like anyone else: £18,500 at £570,000. A purchase at £500,000 would cost £10,000, so the relief is worth £8,500 to a buyer who can find a home £70,000 cheaper.

Monthly repayments use an example 5% rate over 30 years, capital and interest. They are not a quote: your lender's rate and term set the real figure.

Registering your first home at £570,000

The £18,500 figure only applies if every buyer on the purchase is a first-time buyer: someone who has never owned a home in the UK or anywhere else. If one of you has, the purchase is taxed at the home mover rates, £18,500 at £570,000, the same figure at this price, unless that person still owns another home.

Registering a first home at £570,000 with HM Land Registry costs £295 through the portal or £655 by post (the £500,001 to £1,000,000 fee band).

Your conveyancer pays it after completion and adds it to the bill, so check that the quote shows it as a disbursement.

Source: HM Land Registry: registration services fees

Your First Home at £570,000

Your First Home is the government scheme for first-time buyers of new-build homes in England, with applications expected from February 2027. At £570,000 the minimum 2.5% deposit is £14,250, the government's 20% equity loan is £114,000 and the mortgage is £441,750.

At our example rate that mortgage costs about £2,371 a month in years 1 to 5, against £2,907 for a 95% mortgage of £541,500. The loan is interest free for 5 years, then adds about £142 a month in year 6 and £285 from year 7.

Local price caps apply and the full list is not published yet. Of the published examples, £570,000 is within the cap in Inner London.

Monthly repayments use an example 5% rate over 30 years, capital and interest. They are not a quote: your lender's rate and term set the real figure.

Source: GOV.UK: Your First Home

Where first-time buyers typically pay £570,000

In August 2026, the average first-time buyer's home cost closest to £570,000 in Islington, Hackney and Wandsworth, according to HM Land Registry's House Price Index.

In England a first-time buyer pays £18,500 stamp duty at this price; a Scotland purchase at £570,000 would mean £29,750 LBTT (the highest Scottish average is Edinburgh's £252,487); a Wales purchase at £570,000 would mean £23,250 LTT (Wales has no first-time buyer relief) (the highest Welsh average is Monmouthshire's £264,431).

Only 8 of 349 council areas have a higher average first-time buyer price; 8 of them are London boroughs.

HM Land Registry UK House Price Index, August 2026 (provisional). The tax column is this page's price under each area's own nation's rules, 2026/27.

Source: HM Land Registry: UK House Price Index data downloads, August 2026

Conveyancing at £570,000

Average 2026 conveyancing quotes in the £500,001 to £600,000 band were £1,640 for a freehold purchase and £1,780 for a leasehold (Compare My Move), and the Land Registry fee at this price is £295 online. See conveyancing fees on a £570,000 home for every price band, each region and what a quote should include.

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