Stamp Duty

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This is a charge levied by the government on house purchases. There is a sliding scale of stamp duty depending upon the value of the property you are buying.

Residential properties:

    Purchase price

  • Up to £125,000 - Zero

  • The next £125,000 (the portion from £125,001 to £250,000) - 2%

  • 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%

From 1st April 2016 there is an extra 3% surcharge on second and buy to let properties. Please call us for details.

If you need any more information, then simply speak to an expert today.

Butler Mortgages | 12 Maristow Street | Westbury | Wiltshire | BA13 3DN