Temporary reduced rates until 31st March 2021
. | SCALE 1 RATES FOR FIRST TIME BUYERS OR IF YOU ARE SELLING YOUR PRIMARY HOME AND PURCHASING A DIRECT REPLACEMENT
| SCALE 2 RATES FOR PURCHASE OF ADDITIONAL/INVESTMENT PROPERTIES |
Up to £500,000.00 | ZERO | 3% |
From £500,001 - £925,000 | 5% | 8% |
From 925,001 - £1.5 million | 10% | 13% |
Above £1.5 million | 12% | 15% |
Example based on purchase price of £950,000 /Scale 1 direct purchase of a new primary home.
£500,000 - (zero) £0
£500,001 – 925,000 - £21,250
£925,001 – 950,000 - £2,500.00
DUTY now due £23,750.00 (was £38,750.00, saving of £15,000.00
For a competitive, no obligation quotation please ask for conveyancing at any one of our offices, visit our website for a “quick quote” or email kld@kingsfords.net.