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Martin Ellis, housing economist at Halifax, said: "Approximately 96 per cent of first-time buyers would have been exempt from paying stamp duty in 2009 if the starting threshold had been £250,000.
"This compares with the 56 per cent that would have been exempt if the lowest threshold had been at £125,000. (It was actually £175,000 due to the temporary increase that existed between September 2008 and December 2009).
"Therefore, an additional 40 per cent of first-time buyers will benefit from the lowest threshold being £250,000 rather than £125,000.
"The southern regions of England – Greater London, the South East and South West – will benefit most. The average price paid by a first-time buyer is highest in these parts of the country; above the current £125,000 threshold. Around three-quarters of first-time buyers in Greater London and the South East would be removed from the stamp duty tax net as a result of increasing the threshold from £125,000 to £250,000.
"The average price paid by a first-time buyer is below £250,000 in all regions. The average price is above the current threshold of £125,000 in Greater London, South East and South West."
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