More than nine in 10 homes for sale in England will incur stamp duty from March 2025, according to new analysis.

The price at which stamp duty starts to be charged will revert back to £300,000 for first-time buyers, from its current level of £425,000.

Research by Leeds BS shows that with the changes to stamp duty predicted in tomorrow's budget, buyers will be required to pay stamp duty on 93% of houses on the market The additional stamp duty means it could take longer for first-time buyers to save up enough to get on the housing ladder, according to Leeds BS.

Purchase price £ Is this a buy-to-let or second home? (