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MORTGAGES
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LIFE INSURANCE
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Stamp Duty?

If you are buying a property with a value in excess of £175,000 you will be charged a tax called Stamp Duty. Stamp Duty is charged at different rates depending on the purchase price:

1. Property Value£175,000 - £250,000 = 1% of Purchase Price

2. Property Value £250,001- £500,000 = 3% of Purchase Price

3. Property Value over £500,000 = 4% of Purchase Price
The £175,000 threshold shown in the table applies from 3 September 2008 until 2 September 2009 inclusive (unless the lease is for less than 21 years).

Other costs may include a more detailed survey of the property you are buying and of course your moving costs.


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GUIDE TO MORTGAGES
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VALUATIONS AND SURVEYS
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STAMP DUTY
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Tel. 0141 334 2620
Email. kinga@firstnetworkmortgages.co.uk

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Network Mortgages Limited is an appointed representative of Personal Touch Financial Services Ltd which is authorised and regulated by the Financial Services Authority.

We normally charge a fee for mortgage advice. The amount will depend on your circumstances. Our typical fee would be £395.00.