Fair Prices paid for any property fast.
A property chain is when home buyers and sellers are linked together because their purchase or sale is dependent on another transaction. We always need to consider keeping the chain short and simple. The longer you are in a chain, the most a lender will get cold feet and will not be interested.
When you buy a property or land, you usually pay tax on it. While often referred to as stamp duty, that’s only the name in England and Northern Ireland – it’s different in Scotland and Wales, where it’s known as ‘land and buildings transaction tax’ and ‘land transaction tax’ respectively.
According to Homeowners Alliance, the stamp duty holiday in England &
Northern Ireland means that the level at which stamp duty is charged on a residential property is being temporarily raised to £500,000. The stamp duty holiday (which was due to end 1st April) will be extended to the end of June in line with the easing of lockdown restrictions. If you are buying an additional property, then you pay stamp duty of 3% on properties worth up to £500,000 (and higher rates above this value). If you are a non-UK resident, you will also pay a 2% surcharge from 1st April 2021.
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