Deprecated: mysql_connect(): The mysql extension is deprecated and will be removed in the future: use mysqli or PDO instead in /home3/schteev/public_html/mortgagefox.co.uk/includes/dbconnect.php on line 5

Warning: session_start(): Cannot send session cookie - headers already sent by (output started at /home3/schteev/public_html/mortgagefox.co.uk/includes/dbconnect.php:5) in /home3/schteev/public_html/mortgagefox.co.uk/includes/functions.php on line 21

Warning: session_start(): Cannot send session cache limiter - headers already sent (output started at /home3/schteev/public_html/mortgagefox.co.uk/includes/dbconnect.php:5) in /home3/schteev/public_html/mortgagefox.co.uk/includes/functions.php on line 21
UK Free Mortgage Advice
Free Mortgage Quote - Click Here todays Best Mortgage Deals - Click here Free Mortgage Advice Smarter Mortgage Advice






Warning: mysql_fetch_array() expects parameter 1 to be resource, boolean given in /home3/schteev/public_html/mortgagefox.co.uk/includes/functions.php on line 566

The End of the Stamp Duty Holiday

The stamp duty holiday ended on the 31st December and only houses under 125,000 are now exempt from the tax.

In September 2009 all properties up to 175,000 were declared free of stamp duty, which would have saved up to 1,750 on a property at the top of the scale. During 2009 51 % of all house sales involved no stamp duty at an estimated cost to the Treasury of 615 million although the Council of Mortgage lenders believe this figure will be more in the region of 500 million.

Before the holiday properties in the Northern and Humberside regions had the highest number of exempt properties .The number increased from almost 50% to more than 75% when the threshold increased to 175,000. In Ulster this figure was 69% whilst in London this figure increased from 2% to 17%.

The end of the holiday sparked a last minute rush to complete property deals before the end of December making Christmas an unusually busy time for Estate Agents.

Stamp duty is 1% for properties between 125,000 and 250,000 and rises to 3% between 250,000 and 500,000 and 4% for properties valued over 500,000.

VIEW ALL NEWS

 

 

 

NOTE: Do not make any financial decisions based on the information on this page. Always take professional mortgage advice first

 

 

 

Mortgagefox offers a free mortgage advice

 

If you have any questions do not hesitate to contact our independent mortgage advisors at Mortgagefox.

 


There is no obligation with any of these services, and both are offered completely free. If you have specific mortgage question you want to ask then we will be glad to help.

 

 

Value of Property  
£
(eg 135000) 
Value of Mortgage
£
(eg 85000) 
Type of Mortgage