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So what impact do the recent Stamp Duty changes make?

 

Well in short, the answer in some cases is quite substantial.  But of course, it all depends on how much you are paying for the house you are buying.  As an example:

 

A buyer who pays £265,000 would have paid £7,950 under the old scheme and now will pay just £3,250 under the new scheme. Saving them £4,700, not a bad start to the New Year!

 

A buyer who pays £350,000 for a house would have paid £10,500 under the old scheme and will now pay just £7,500, , thatís a saving of £3,000, again not a bad start to the new year.

 

A buyer who pays £520,000 for a house would have paid £20,800 under the old scheme and will now pay just £16,000, thatís a saving of £4,800.

 

A buyer who pays, £680,000 for a house would have paid £27,200 on the old scheme and now pays £24,000, a saving of £3,200.

 

And one more final example, a buyer who pays £800,000 for a house would have paid £32,000 on the old scheme and now pays £30,000, saving £2000.

 

As you can see this new scheme delivers a much fairer stamp duty pay scale than ever before and will undoubtedly encourage more buyers and sellers into the marketplace. If you want any further clarification on stamp duty levels, please donít hesitate to ask us.


New property portal - On the Market

 

Have you seen the new property portal On the Market?  We are excited to be a part of this exciting new initiative.

 

Neither Rightmove nor Zoopla can now claim their property listings cover the entire market because many estate and letting agents have left one or other of them to join OnTheMarket.com as the best platform to showcase their properties in the clearest and simplest way. 

 

The property search at OnTheMarket.com is slick, simple, fast and state-of-the-art, compatible with the latest technologies. The website adapts seamlessly to fit the screen of any device being used to view it. There is no clutter from irritating and distracting third party adverts, nor any spam email.

 

Every property at OnTheMarket.com is marketed by a locally-based estate agent because OnTheMarket.com knows the majority of the public recognises the benefits of having a local professional in place who can manage the sales process on their behalf.  Also, there is no substitute for their detailed knowledge of a property, the local area, the current market conditions and the vendorís personal circumstances. 

 

We hope you enjoy the new site Ė do take a look at www.onthemarket.com

 


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