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How to Buy a House

Stamp Duty

Officially called Stamp Duty  Land Tax, it is payable in different amounts via the conveyancing solicitor, depending on the purchase price of the house.

Stamp duty thresholds:

0 - £150,000 0% payable
£150,001 - £250,000 1% payable
£250,001-£500,000 3% payable
Above £500,000 4% payable

Find out more about the house-buying process in our guide to how to buy a house:

How Much Can I Borrow? l Find a Property l Mortgages l Conveyancing Solicitors and Legal costs l Property Insurance l Home Information Packs l How to Budget l Surveys and Surveyors l Solicitors l Removal Companies l Utilities Companies l Buying a House at Auction l Buying a Repossessed Property

Useful websites:

www.directgov.org.uk

Most useful and most popular pages on this site:

Look for your First Property l Seek First Time Buyer Mortgage Advice l See our Best First Mortgages Comparison Table l Find out about First Time Buyer Mortgages l Find out How to Buy a House l Learn all about The First Time Buyer Mortgage l Shared Ownership

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ADVICE TO READERS
The contents of this site are for general information only and do not constitute financial advice. FirstRungNow Ltd is not responsible for any dealings or communications between its site visitors and other websites featured on www.FirstRungNow.com. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured against it. While this website is checked for accuracy, we are not liable for any incorrect information included. We recommend that you make enquiries based on your own circumstances and, if necessary, take professional advice before entering into transactions. Property values can go down as well as up.

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