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What is the stamp duty rate for a Buy To Let?

You will be required to pay a 3% Stamp Duty Tax on any properties that cost over £125,000. The current Stamp Duty Rate as of April 1, 2016 are as follows:

  • 3% tax on the first £125,000
  • 5% on the portion from £125,001 to £250,000
  • 8% on the portion from £250,001 to £925,000
  • 13% on the portion from £925,001 to £1.5 million
  • 15% on everything over that £1.5 million

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What is the sum of 8 and 6?

I’ve just heard from my solicitor that he has the funds in from Interbay, had paid off our mortgage and is sending the balance on to me, which means that finally this is all over and  I can move on.  Thank you all so much for your help in arranging the mortgage, I am sure that my future plans will involve needing to arrange finance, and I will happily come back to you again.