I understand that for houses over a certain value I need to pay for something called stamp duty. What is this?
The cost of buying a property can often seem very high and generally this is because there is a tax imposed by the government.
There is nothing that can be done about this, it applies to every property with a sale value of £125,000 or more save in certain restricted areas of the country. It is an important consideration though and as the tax starts at 1% of the purchase price, rising to 3% at the highest price bands, it can play an important part in the negotiations you have over the price you are prepared to buy at.
At Franklins we have specialised in property buying and selling for nearly 25 years and we have 20 or more lawyers doing nothing else but this kind of work. It is definitely worth investing in the right advice and we can help you right away, including over your negotiations with the seller so please call or email us now.