Mortgages & Advice
Before we can take a reservation, we ask that you undertake a financial assessment by one of our Independent Financial Advisor’s to confirm your buying position.
Please get in touch with the member of our team for more information.
Stamp Duty is the tax charged by the Government when you buy a home.
If you’re moving home or buying a property, it’s important that you know how much Stamp Duty you’ll need to pay so that you can budget for this before making a final offer.
As of September 2022, the Government announced changes to Stamp Duty meaning you could save thousands when you move to an energy-efficient, brand-new home.
Stamp Duty is the tax charged by the Government when you buy a home, previously of more than £125,000, now £250,000.
WHAT DO THESE CHANGES MEAN FOR YOU?
- The Government has reformed Stamp Duty by doubling the level at which people begin paying this, from £125,000 to £250,000.
- In addition, they have increased the level at which first time buyers start paying Stamp Duty from £300,000 to £425,000.
- These measures will reduce Stamp Duty costs for all movers by up to £2,500, with first time buyers able to access savings of up to £11,250^
WHAT IF I’M A FIRST TIME BUYER?
Following the Government announcement on 23rd September 2022, if you’re a first time buyer, purchasing a home up to £625,000 (previously £500,000), the following rates apply:
STAMP DUTY CALCULATOR
how much is stamp duty?
Following the Government announcement on 23rd September 2022, there is no Stamp Duty to pay on the first £250,000 when you buy a home, then the following rates apply:
WHAT IF I’M AN INVESTOR OR OWN MORE THAN ONE PROPERTY?
If you are buying an investment property or an additional home, the following rates will apply to your purchase:
Use our mortgage calculator to find out how much your monthly mortgage repayments could be based on the interest rate, and chosen loan period.
*These results are estimated to give you an idea of the amount of money you could borrow. Real loan amounts and other factors will depend on your finance lender and their terms. Your home may be repossessed if you do not keep up your mortgage repayments.