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Stamp Duty Land Tax: temporary reduced rates

Residential Rates on purchases from 8 July 2020 to 31 March 2021

If you purchase a residential property between 8 July 2020 to 31 March 2021, you only start to pay SDLT on the amount that you pay for the property above £500,000. These rates apply whether you are buying your first home or have owned property before.

You can use the table to work out the SDLT due:

Up to £500,000

The next £425,000 (the portion from £500,001 to £925,000)

The next £575,000 (the portion from £925,001 to £1.5 million)

The remaining amount (the portion above £1.5 million)

0%

5%

10%

12%

(gov.uk)

Published 8 July 2020

From: HM Revenue & Customs

What can I borrow?

Lenders will look at how much you earn and your outgoings. As a general rule, multiply your income by 4.5 and you’ll get that magic number.

Which mortgage is right for me?

This is where we come in. Our experts will find out all about you, your history and future plans, and let you know.

How can we help?

We don’t just pick a mortgage product, we will be by your side until you’ve turned the key in your front door. And we’ll even stick around afterwards (if you’ll have us).

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

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Loupe Financial Ltd is an appointed representative of Openwork Limited, which is authorised and regulated by the Financial Conduct Authority. 

Loupe Financial Ltd. Registered office: The Chase, 26 Water Lane, Kings Langley, Hertfordshire, WD4 8HN. Registered in England, Registration No: 11236707 

The Information on this website is subject to the regulatory regime and is therefore targeted at consumers in the UK.