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:

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

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

Your initial consultation is free. A fee may be charged for arranging your mortgage. If charged, the amount will depend on your circumstances but will not normally exceed 1% of the loan amount. You have the option of paying a 2% fee and we will refund any commissions paid to us by the lender.

Buy to Let Mortgages and Commercial Loans are not regulated by the Financial Conduct Authority.

Butler Mortgages Ltd is an Appointed Representative of Mortgage Intelligence Ltd, which is authorised and regulated by the Financial Conduct Authority under number 305330 in respect of mortgage, insurance and consumer credit mediation activities only.

Registration number – 4637821
Registered office – Butler Mortgages Limited, 24 Warminster Road, Westbury, Wiltshire, BA13 3PE

We always aim to provide a high quality service to our customers. However, if you encounter any problems and we are unable to resolve them you can take your complaint to an independent ombudsman. Our advice is covered under The Financial Ombudsman Service.