When buying a home in England or Northern Ireland, properties are subject to the Stamp Duty Land Tax, a lump sum paid on residential properties worth over £250,000.
The rate depends on the type of property, the price and the situation of the buyer, for example, first-time buyers are exempt from paying Stamp Duty on properties up to £425,000.
There are various factors that contribute to the amount of Stamp Duty, ask a member of our team for further details.
The information provided by The Stamp Duty Calculator is only a guide, if you would like further advice, please contact your solicitor.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTAGE.
The mortgage will be secured by a charge on the property of the customer.