Stamp Duty Savings
Purchasing your new home can be a real financial strain. Saving for a deposit, budgeting for legal fees and mortgage repayments can make it almost impossible for you to get onto the property ladder.
Help is at hand. Following the recent Government announcement stamp duty will be cut for 98% of people who pay it. With the introduction of a banding system you could make significant savings on the stamp duty you have to pay.
How it works:
Much like income tax rather than paying a fixed percentage dependent on the total sale price of the property, the percentage of stamp duty will now only be applied on the portion of the property price in specific brackets.