info@sterlingsite.comStamp Duty Land Tax (SLDT)
'Stamp Duty Land Tax' (SDLT) is paid once you buy property.
SDLT is charged at different rates depending on the portion of the purchase price that falls into each rate band.
Before 4 December 2014, SDLT was charged as a single percentage of the property price.
Where contracts have been exchanged on or before 3 December 2014, and the transaction is completed on 4 December or later, you can choose whether you follow the new or the old rules.
| Residential property - purchase price | Rate of Stamp Duty Land Tax |
|---|---|
| £0 - £125,000 | 0% |
| £125,001 - £250,000 | 2% |
| £250,001 - £925,000 | 5% |
| £925,001 - £1.5 million | 10% |
| Over £1.5 million | 12% |
Source www.direct.gov.uk
Find out how much you will have to pay
This calculator will give you an estimate of what your monthly payments would be for a particular loan amount, interest rate and mortgage type.
* Amount calculated should be used as a guide only and you must confirm the actual amount with your solicitor.
