We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Stamp duty
finnigan
Posts: 147 Forumite
Can anyone advise me please, I'm wondering if stamp duty is calculated on the purchase price of a property or on the surveyors valuation of the property?
Thanks very much in advance
Finnigan
Thanks very much in advance
Finnigan
0
Comments
-
It is based on the market value.
Which could be neither as a surveyor's valuation for a mortgage will never be higher than the purchase price. An independent surveyor's valuation would be a bit more like it.Everything that is supposed to be in heaven is already here on earth.
0 -
Thanks hun, I've been offered the chance to buy the house I currently rent for approx a third of its value - too generous an oppertunity to pass up, and I'm just trying to figure out how much I need up front.
Finnigan0 -
What's it really worth do you think? You'll get away with some downward leverage, just not too much
Everything that is supposed to be in heaven is already here on earth.
0 -
well its an extended semi and its 'other half' sold for £270000 5 years ago so I'm guesstimating £3500000
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.8K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.2K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards