Stamp Duty Costs In London

As the Stamp Duty holiday deadline of March 31st approaches, new research from mortgage broker Mojo Mortgages reveals eye-opening insights for first-time buyers in London. Mojo Mortgages have analysed the average house price in every Greater London borough before calculating the current Stamp Duty cost today and comparing it to the predicted Stamp Duty […]

What Changes Are Being Made to Stamp Duty?

From April 1st, significant changes to Stamp Duty Land Tax (SDLT) will take effect, particularly impacting first-time buyers. The nil-rate threshold for first-time buyers will decrease from £425,000 to £300,000, with a 5% rate applying to properties priced between £300,001 and £500,000. Additionally, the maximum property value eligible for first-time […]

Stamp Duty Shake Up – What It Means

Last week’s Autumn Budget included an unexpected 2% increase in the UK’s second home surcharge, raising it from 3% to 5%. The Chancellor latest step will discourage second home ownership, aiming to create more opportunities for prospective homeowners. Another stamp duty change from the Labour government – the end of the temporary nil rate increase […]

Multiple Dwellings Relief Abolition – The Consequences

The abolition of Multiple Dwellings Relief (MDR) following Chancellor Jeremy Hunt’s Spring Budget, has brought into sharp focus the additional costs for investors when they purchase multiple properties in the UK. Property buyers now have to pay an increased amount of tax, with investors now having to purchase six or […]

What Tax Changes Means For Landlords

With several tax changes taking effect in April, experts reveal what this will mean for renters and landlords – including how these changes may impact property insurance in the future. Matthew Harwood, home and lifestyle expert at Confused.com home insurance, said: National Insurance charges “Firstly, the compulsory Class 2 National Insurance […]

Stamp Duty Land Tax (SDLT) Five Exemptions

Stamp Duty Land Tax (SDLT) is levied on property purchases in England and Northern Ireland, with thresholds determining the amount owed. Properties priced up to £250,000 (or £425,000 for first-time buyers) incur no SDLT, while rates of 5% apply to main residences priced between £250,001 and £925,000, and 8% for […]