How much stamp duty do I have to pay?
The government announced that a temporary rise in the stamp duty threshold from £125,000 to £500,000 will take immediate effect from the 8th July, 2020 running until 31st March 2021. This means purchases under £500,000 for will attract no stamp duty. More details of this announcement are here.
Use our calculator below to work out if you'll have to pay stamp duty, and if so, how much, so that you can factor this into your budget when considering your affordability.
First Time Buyer
Your stamp duty as a first time buyer would be
Your stamp duty from 1st April 2021 will be
Not a First Time Buyer
Home 1 stamp duty would be
Your stamp duty from 1st April 2021 will be
Home 2 stamp duty would be
Your stamp duty from 1st April 2021 will be
Please be aware, your results are only an estimate and should not be considered as a mortgage quote.
*Please note: For purchases under £500,000, these breakdown illustrations do not include current threshold reliefs.
First Home (First Time Buyer)
Property Price | Rate | Tax Calculation |
---|---|---|
£0 - £300,000 | 0% | |
£300,000.01 - £925,000 | 5% | |
£925,000.01 - £1,500,000 | 10% | |
£1,500,000 + | 12% |
Main Residence
Property Price | Rate | Tax Calculation |
---|---|---|
£0 - £125,000 | 0% | |
£125,000.01 - £250,000 | 2% | |
£0 - £500,000 | 5% | |
£925,000.01 - £1,500,000 | 10% | |
£1,500,000 + | 12% |
Second Home
Property Price | Rate | Tax Calculation |
---|---|---|
£0 - £125,000 | 3% | |
£125,000.01 - £250,000 | 5% | |
£250,000.01 - £925,000 | 8% | |
£925,000.01 - £1,500,000 | 13% | |
£1,500,000.01 + | 15% |
Need more help? Speak to us on 0330 1666 666
How can we help?
How much can I borrow?
By entering a few simple details, we can help you work out how much you could borrow towards your new home.
Mortgage repayment calculator
By entering some key details, we can help you calculate your monthly mortgage repayments.
Land and Buildings Transfer Tax
Land and Buildings Transaction Tax (LBTT) in Scotland, is a fee you will have to pay if the property you’re purchasing is £125,001 or over.
First Time Buyer
By entering a few details, we can search for the right mortgage deal for you.
Remortgage
By entering a few details, we can search for the right mortgage deal for you.
Moving Home
By entering a few details, we can search for the right mortgage deal for you.
First time buyer
Buying your first home can be quite daunting. It’s likely to be the biggest financial commitment you’ll ever have, so you need to know that you’re making the right decision.
Remortgage
If you’ve already got a mortgage on your home, then it might be worth checking to see if you could switch to a better deal to save you money.
Moving home
Moving house is an exciting time but can also be quite stressful, but with our help, it doesn’t need to be. You can relax knowing the whole mortgage process is being looked after by your mortgage adviser.
Because we play by the book we want to tell you that…
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances.
The fee is up to 1%, but a typical fee is 0.3% of the amount borrowed.