Stamp duty – how much will it cost me?
To find out how much you will pay in stamp duty, use our simple online mortgage calculator.
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How much will I pay in stamp duty when I buy a property?
This online mortgage calculator lets you know exactly much you will pay in stamp duty for the property that you are buying. It’s important that you factor stamp duty into your overall costs, when budgeting for a house purchase.
Stamp duty is a land tax which is payable when you purchase a property or land in the UK. The amount that you pay depends upon the purchase price of the property. If you are paying £125,000 or less, then you do not have to pay stamp duty. If you are paying more than £125,000, then you pay stamp duty of between 1 to 4% of the purchase price. The tax is tiered at set amounts, which rise as the purchase price rises.
Please note
Our online mortgage calculators are here to help you form a basic picture about your situation. To get the whole picture, we recommend that you speak to one of our expert mortgage advisers. Why not call our Freephone number now, or use our online mortgage enquiry form to make an appointment for us to call you?
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