Thinking Of Buying Another Property, Main Residence, Holiday Cottage Or Buy To Let?

Watch out for changes in stamp duty payable.

The current temporary threshold of £175,000 is being reduced to £125,000 from 1^st January 2010.

This means if you are buying under £175,000 then currently there is no stamp duty payable so you will need to complete on your purchase before 31^st December 2009.

But wait... Many solicitors will be closed from about 22^nd December for the Christmas holiday so there is even less time to complete.

From 1^st January any purchases over £125,000 will attract Stamp Duty Land Tax at 1% so on a purchase of £175,000 the tax will be £1,750.

Contact us now and take advantage of our Mortgage Planning Service.