From April 1 2016, anyone purchasing an additional property must pay an extra 3 per cent stamp duty. The new rates are applicable to both Individual and companies buying a buy to let property or second home. You won’t pay the extra 3% SDLT if the property you’re buying is replacing your main residence.
Enter the property value below to find out how much tax you’ll have to pay to buy it.
Please note that new rates are applicable to both Individual and companies buying a buy to let property or second home. There is no exemption if you purchase a buy to let in a limited company.
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You can leave us your contact details via our enquiry form, or you can call us during business hours and we will return your call at your nearest possible convenience in order to discuss in more detail the buy-to-let mortgage product that Mortgaze may be able to secure for you.
Your property may be repossessed if you do not keep up repayments on a mortgage or any debt secured on it. 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 this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK.