Choosing a home is a difficult decision. Buying a property is the most-expensive decision most of us will ever make. With John Minnis Estate Agents we will guide you through the whole process as best we possibly can.
Register with us / Call us
: Arrange viewings, again should there be a link to contact us or to the sale search section?
: Mortgage advice, Again contact us etc etc
: Make Offer
: Agree on a property, appoint solicitor / surveyor? We would recommend that it takes 8-12 weeks from agreeing on a property to completion.
: Liaise with Agent and Solicitor during the conveyancing process.
7th Step: Move in
Stamp duty rules changed in December 2014 so that the tax is no longer charged at a single rate for the entire price of a property. You now pay stamp duty at different rates on portions of the price according to the following:
- nothing on the first £125,000 of the property price
- 2% on the next £125,000
- 5% on the next £675,000
- 10% on the next £575,000
- 12% on the rest (above £1.5 million)
If you buy a property for £275,000, you’ll pay £3,750 of SDLT. This is made up of:
- nothing on the first £125,000
- £2,500 on the next £125,000
- £1,250 on the remaining £25,000
Stamp Duty Calculator