UK Stamp Duty Holiday Update
On July 1st 2021, the threshold will be reduced to £250,000 until September 30th 2021 and then from 1st October 2021, the threshold will revert to £125,000.
Stamp duty rate ranges from 2% to 12% of the purchase price, depending on the value of the property bought, the purchase date and whether you are a multiple home owner.
A new housing site in South Bristol will create 1400 new homes.
The basic mortgage valuation is only to establish if the property is acceptable for a lender within that lender's specific criteria. It does not necessarily comment regarding all the defects which may be present. Our survey will report upon the general and overall condition of the property. Repair costs/maintenance can be substantial and potentially costly. The cost of your Survey can often be recovered through renegotiation, using our report.
We normally find the majority of our clients are the intended purchaser of a property. This post outlines our typical experience when someone hires us to carry out a property survey for them.
