Emily & David discuss everything you need to know about buying a house, up until your offer has been accepted.
SDLT CHARGES:
First-time buyers will no longer pay Stamp Duty on properties worth up to £300,000. If the property is worth between £300,000 and £500,000, you will pay no Stamp Duty on the first £300,000, but will pay the standard 5% on the remaining amount.
NOT A FTB?
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%
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