This is paid on completion of the purchase via your solicitor, so make sure you budget for it in advance. Stamp duty is an indirect tax, it is payable on the purchase price of your property.
Please use the link below to work out what potential stamp duty you may have to pay: Stamp Duty Calculator
These can be expensive. Make sure you get a quote in advance so you can budget for these costs, which include third party disbursements for things like search fees. FFP can introduce you to a solicitor who we have had a good working relationship with.
Insurance for the building must be in place on the day you exchange contracts. We are happy to arrange competitive buildings insurance for you and make sure your solicitor and new mortgage lender has the details prior to your exchange date.
ANY PROPERTY USED AS SECURITY, INCLUDING YOUR HOME, MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. COMMERCIAL MORTGAGES ARE NOT REGULATED BY THE FINANCIAL CONDUCT AUTHORITY OR THE PRUDENTIAL REGULATION AUTHORITY.
FFP SolutionsOld Bank Chambers, High Street,St Asaph, LL17 0RD
Registered in England and Wales Company No. 08958626, Registered Address: Unit 32 Llys Edmund Prys, St. Asaph, Denbighshire, LL17 0JAAuthorised and Regulated by The Financial Conduct Authority. FFP Solutions Ltd is a credit broker and not a lender and is entered on the FCA register under reference 624257You can find FFP Solutions on the Data protection public register under reference: ZA056605
YOUR HOME OR YOUR COMMERCIAL PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
THE GUIDANCE PROVIDED WITHIN THIS WEBSITE IS SUBJECT TO THE UK REGULATORY REGIME AND IS THEREFORE PRIMARILY TARGETED AT CONSUMERS IN THE UK
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