(Effective: From 23 September 2022 to the 31st of March 2025)
Stamp Duty Land Tax (SDLT) must be paid if you buy a property in England or Northern Ireland that exceeds a certain threshold.
For first-time buyers, there is no stamp duty for properties up to £425,000 and only 5% on the portion between £425,001 to £625,000.
Your property may be repossessed if you do not keep up repayments on your mortgage.
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