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    Email: info.morlandpotter@gmail.com

  • More for first-time buyers

    October 15, 2015
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  • Hi. Continuing with first-time buyers, today we will look at stamp duty and hidden costs. Stamp duty is something that needs to be budgeted for if you intend to purchase over £125,000. Below is a table containing current UK stamp duty rates.. fee-free whole-of-market mortgage advice adviser broker shrewsbury shropshire

    Purchase Price Stamp Duty Rates
    Up to £125,000 0%
    £125,000.01 – £250,000 1%
    £250,000.01 – £500,000 3%
    £500,000.01 – £1,000,000 4%
    £1,000,000.01 – £2,000,000 5%
    £2,000,000.01 + 7%

    Solicitors costs will vary depending on how much work is involved and on the type/value of purchase property. These can be around and regularly over £1,000, so make sure you price this up and factor it in(we can put you in touch with several reputable local solicitors). You will be responsible for a valuation fee on your prospective property. These can be £200-£400 and sometimes more. Often we can access deals which include free valuations and also mortgages that offer help with legal costs, get in touch today to see what deals are available from our whole-of-market mortgage brokers.