Now is the time to SAVE on Stamp Duty
Earlier this year the Government changed the nil band rate for Stamp Duty, for property purchased, from £125,000 up to £175,000.
However, this is only a temporary measure with the concession expiring at the end of 2009. To qualify for the savings buyers must complete their property purchasers before 31 December 2009.
Purchasers can save between £1,250 and £1,750 if they complete before the deadline date. While a saving of between £1,250 and £1,750 may appear small, in the context of a much larger purchase price, this still represents a considerable saving for any purchaser.
With deals taking on average three months to complete, time is running out before the end of December and therefore it is up to all parts of the chain to ensure the process works as efficiently as possible.
Advisers at 1 STOP Financial Services are at the centre of the transaction and will help encourage all others be they the client, estate agent, lender or solicitor to work at their optimum level to ensure the purchaser can benefit from this Stamp Duty saving.
Potential purchasers who may be considering buying should be take into account the advantages of completing before the end of the year.
Tags: 1 Stop Financial, 1 Stop Financial Services, changes to stamp duty, house sales, how much is stamp duty, property prices, Stamp Duty
