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With you every move

"I find everyone in the office easy to work with and always happy to assist. Rook Matthews Sayer Forest Hall will always be my first choice when looking to buy, sell or rent" - Abbie, Forest Hall

 

Breaking News – 60,000 first time Buyers have benefitted from stamp duty Change

 

Estate Agent today reports that Phillip Hammond claims that over 60,000 first time buyers have already benefitted from the stamp duty relief he announced at his November Budget.

 

From late November 2017, all first time buyer purchases up to £300,000 paid no stamp duty, and for first time buyers inside London there has been no stamp duty on the first £300,000 of their purchase.

 

If you’re a first time buyer this will be a very welcome change and help you to get on the property ladder. Have you benefitted from the change?

 

If you should require any help finding your first home we can help get you moving. Give us a call or pop in to your local branch

 

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With you every move

"I find everyone in the office easy to work with and always happy to assist. Rook Matthews Sayer Forest Hall will always be my first choice when looking to buy, sell or rent" - Abbie, Forest Hall

Breaking news…Stamp Duty permanently abolished for first-time buyers up to £300,000

 

Today Philip Hammond has permanently abolished Stamp Duty for first-time buyers purchasing properties up to £300,000 and in high-priced areas on the first £300,000 of houses worth up to £500,000

 

The change took place at one minute past midnight today, says the Treasury briefing paper.

 

The paper says that in every region of England outside London, and in Wales and Northern Ireland, the first-time buyer will pay no Stamp Duty.

 

In London, the average Stamp Duty bill for a first-time buyer will nearly halve, from £10,500 to £5,500.

 

Great news for first time buyers, what are you waiting for?..Line up those viewings!

 

View all our properties advertised on Rightmove and Zoopla or right here on our website!

Continue reading “Breaking news…Stamp Duty permanently abolished for first-time buyers up to £300,000”

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With you every move

“I find everyone in the office easy to work with and always happy to assist. Rook Matthews Sayer Forest Hall will always be my first choice when looking to buy, sell or rent” – Abbie, Forest Hall

New rate of Stamp Duty for second homes and Buy to Let Properties.

 

stamp dutyIn the Government’s Autumn statement in 2015, they outlined that they would be increasing the level of Stamp duty that should be paid on second homes or additional residential properties.

 

Stamp duty will increase on purchases of additional residential properties (above £40,000), such as buy to let properties and second homes, from 1 April 2016.

 

The higher rates will be 3 percentage points above the current rates. The higher rates will not apply to purchases of caravans, mobile homes or houseboats, or to corporates or funds making significant investments in residential property.

 

Many people are trying to purchase these types of properties before the deadline as it could save them thousands of pounds.

 

Below is a quick summary of what you’d need to pay:

 

The additional charge applies above the current “stamp duty land tax” rates and will come into force on 1st April 2016. This means there will be 3pc tax (currently zero) to pay on homes worth up to £125,000, 5pc tax (instead of 2pc) on homes that cost between £125,001 and £250,000, and 8pc (currently 5pc) on homes worth between £250,001 and £925,000.

 

If you need any help with a mortgage application or finding a buy to let property or second home contact your local Rook Matthews Sayer branch who will be happy to help.

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