Just 4 Mortgages
Stamp Duty Changes for Additional property
Guide
What is Stamp Duty Land Tax?
Stamp duty land tax (or land and buildings transaction tax in Scotland) is a lump-sum tax that anyone buying a property or land costing more than a set amount has to pay. The rate you’ll pay the tax at varies based on the price of the property and the type. Recently stamp duty land tax for additional/second homes have changed.
This table explains the stamp duty brackets and percentages that you will pay on any additional property or second homes from the 31st of October 2024. If you are considering buying another property and would like to know the additional costs involved, our advisers can sit with you and go through your options to help you weigh up if buying another property is the best move for you and your circumstances.
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Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage. The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK. There will be a fee for mortgage advice. The precise amount will depend upon your circumstances but a typical fee will be £494