Our residential department will guide you through buying and selling properties along with multiple other transactions, i.e. staircasing, remortgages, transfer or equities, lease extensions. Once you have found the property you would like to purchase via the estate agent, you can make an offer and start the legally process. If you are looking to sell your property you will need to list your home with the estate agents and once you have found a buyer we can start your legal process.
Once you have found the property you wish to purchase, you will need to pay your reservation fee to the developer. You then instruct New Homes Law to act on your behalf, to review our fee schedule please click here.
Stamp Duty Land Tax (SDLT)
You must pay Stamp Duty Land Tax (SDLT) if you buy a property or land over a certain price in England and Northern Ireland. The tax is different if the property or land is in Scotland or Wales. Please refer to the government website for guidance on the same, as this is always subject to change: – www.gov.uk/stamp-duty-land-tax
You pay Stamp duty when purchasing a freehold property, a new or existing leasehold, a shared ownership property, a transfer of property in exchange for a payment. If your stamp duty is for nil consideration, a stamp duty return form must still be submitted to the HMRC. If you would like to calculate what your stamp duty will be, please refer to the following: – Stamp Duty Land Tax: Residential property rates – GOV.UK