We do not provide advice on mortgages however we are able to refer you to independent mortgage specialists dependent upon your specific needs. Please contact us and we will be happy to help.
We can help you with the following:
- Residential Mortgages
- Buy To Let Mortgages
- Commercial Mortgages
Stamp Duty Land Tax (SDLT) – higher rates in purchases of additional residential properties
From 1 April 2016 changes apply to individuals purchasing a residential property in England, Wales and Northern Ireland who, at the end of the day of the transaction, own two or more residential properties and are not replacing a main residence. Companies and other non-natural persons purchasing residential property will also be subject to higher rates, including the first purchase of a residential property in England, Wales and Northern Ireland. The higher rates are three percentage points above the previous SDLT rates, as follows:
|Threshold||Previous SDLT rates||New additional property SDLT rates|
|£0 – £125,000||0%||3%|
|£125,000 – £250,000||2%||5%|
|£250,000 – £925,000||5%||8%|
|£925,000 – £1,500,000||10%||13%|
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
MOST FORMS OF BUY-TO-LET MORTGAGE ARE NOT REGULATED BY THE FINANCIAL CONDUCT AUTHORITY.
EQUITY RELEASE MAY REQUIRE A LIFETIME MORTGAGE OR HOME REVERSION PLAN. TO UNDERSTAND THE FEATURES AND RISKS, ASK FOR A PERSONALISED ILLUSTRATION.