Arrange.. a valuation

Arrange.. a valuation

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Caversham 0118 947 0511

 

We work hard, so you don't have to!

Selling

Costs

There are of course costs that will have to be incurred when you decide to sell your property:

  • Fees – our fees are competitive and represent great value for money for the high calibre of service we provide. We will discuss them with you further at your valuation

  • Energy Performance Certificate (EPC)  - no property can be marketed without an EPC. WE can help you arrange this for under £100

  • Stamp duty – Your solicitor will arrange for the Stamp Duty Land tax (SDLT) to be paid to HM Treasury on completion of your purchase. The way Stamp Duty is charged was changed in December 2014 and is now calculated in bands, with each band of the purchase price calculated at the following rates: 

Up to £125,000 – 0%

The next  £125,000 (the portion £125,001 – 250,000) – 2%

The next £675,000 (the portion £250,001 – 925,000)  – 5%

The next £575,000 (the portion £925,000 - £1.5m) –  10%

The remaining amount (the portion above £1.5m) – 12%

If you are a first time buyer, you pay no stamp duty on the first £300,000, then 5% above £300,000 to £500,000.  After this, normal stamp duty applies.

If you are buying an additional property you will have to pay an extra 3% Stamp Duty.

 Example: 

Property Price  Stamp Duty First Time Buyer Second Property
       
£125,000 £0 £0 £0
£250,000 £2,500 £0 £10,000
£300,000 £5,000 £0 £14,000
£400,000 £10,000 £5,000 £22,000
£500,000 £15,000 £10,000 £30,000
£600,000 £20,000 £20,000 £38,000
£700,000 £25,000 £25,000 £46,000
£800,000 £30,000 £30,000 £54,000
£900,000 £35,000 £35,000 £62,000
£1,000,000 £43,750 £43,750 £73,750
£1,100,000 £53,750 £53,750 £86,750
£1,200,000 £63,750 £63,750 £99,750
£1,300,000 £73,750 £73,750 £112,750
£1,400,000 £83,750 £83,750 £125,750
£1,550,000 £99,750.00 £99,750 £146,250