Mortgages
First Time Buyer
First Time Buyer
Remortgage
Remortgage
New homes
New homes
Moving home?
Moving home?
Buy to Let
Buy to Let
Commercial finance
Commercial finance
Lifetime Mortgages
Lifetime Mortgages
Lending into retirement
Lending into retirement
Equity Release
Equity Release
Whatever your circumstances, finding the most appropriate finance arrangement for your property purchase is essential and can at times prove to be a stressful and time consuming experience.
Through our close relationship with The Right Brokers, we can help address these challenges with mortgage advice and access to a wide range of loans and solutions tailored to suit your financial needs.
Contact us for further information or to discuss your needs.
Our expertise includes mortgages and remortgages in:
- Residential purchases
- Buy-to-let purchases
- New Build
- First time buyers
- Commercial finance
- Bridging finance
- Secured loans
- Equity release
- Over 50 lending / Lending into retirement
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Important things to think about: Stamp Duty
Residential property rates
You usually pay Stamp Duty Land Tax (SDLT) on increasing portions of the property price when you buy residential property, for example a house or flat.
SDLT only applies to properties over £250,000.
The amount you pay depends on:
- when you bought the property
- how much you paid for it
- whether you’re eligible for relief or an exemption
Use the SDLT calculator to work out how much tax you’ll pay.
You can also use this table to work out the SDLT for the purchase price of a lease (the ‘lease premium’).
Rates for a single property
You pay stamp duty at these rates if, after buying the property, it is the only residential property you own. You usually pay 3% on top of these rates if you own another residential property.
Property or lease premium or transfer value | SDLT rate |
---|---|
Up to £250,000 | Zero |
The next £675,000 (the portion from £250,001 to £925,000) | 5% |
The next £575,000 (the portion from £925,001 to £1.5 million) | 10% |
The remaining amount (the portion above £1.5 million) | 12% |
Example: In October 2022 you buy a house for £295,000. The SDLT you owe will be calculated as follows:
- 0% on the first £250,000 = £0
- 5% on the final £45,000 = £2,250
- Total SDLT = £2,250
Correct as of 02/2024 taken from gov.co.uk
Think carefully before securing other debts against your home. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
There will be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances and loan amount. The typical fee is £495.
Your home may be repossessed if you do not keep up repayments on your mortgage.
You may have to pay an early repayment charge to your existing lender if you remortgage.