Cheap Mortgage Deals
Stamp Duty Land Tax (SDLT) - Cheap Mortgage Deals
Every time a homebuyer completes on a home purchase, the government is paid stamp duty. The threshold was raised in the last budget which meant that a purchase of below £120,000 was stamp duty exempt and the buyer would save 1% of the value of the property.
If your property is from £120,001 to £250,000 you pay 1% - £250,001 to £500,000 you pay 3% More than £500,000 and you will pay 4%.
There are geographical areas in the UK that are totaly exempt from stamp duty. If you would like more information please click here.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
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