Taylor Engley. Valuers, Land & Estate Agents

It's always good to know what you can realistically borrow before your serious house-hunting starts.

Taylor Engley has a full-time Mortgage Advisor covering both our Eastbourne and Hailsham offices:

Stuart Duncan
Tel: Eastbourne on 01323 731112

Stuart is an extremely experienced and dedicated Mortgage Advisor whose objective is to find the best mortgage for you. This is an essential part of the house buying process, and finding the right mortgage at an early stage could save you time and money.

The latest computer technology is used, keeping in touch on a daily basis with different lenders. Stuart can advise on a vast variety of schemes and lenders to find a tailor-made mortgage for your needs. His services are free and without obligation, and are all part of the Taylor Engley service. So even if you have received some advice, it could be worth spending a little time checking that you have the very best mortgage deal for you.

Useful information - rates of Stamp Duty Land Tax (SDLT)

Purchase price/lease premium or transfer value	SDLT rate	SDLT rate for first-time buyers
up to £125,000	Zero	Zero
Over £125,000 to £250,000	1%	Zero
Over £250,000 to £500,000	3%	3%
Over £500,000 to £1 million	4%	4%
Over £1 million	5%	5%

If the value is above the payment threshold, SDLT is charged at the appropriate rate on the whole of the amount paid. For example, a house bought for £130,000 (by someone who is not a first-time buyer) is charged at 1 per cent, so £1,300 must be paid in SDLT. A house bought for £350,000 is charged at 3 per cent, so SDLT of £10,500 is payable.

First time buyers

The first time buyer's £250,000 threshold applies from 25 March 2010 up to 24 March 2012 inclusive.

REMEMBER

IT HAS NEVER BEEN MORE IMPORTANT TO OBTAIN EXPERT AND UNBIASED ADVICE ON WHICH MORTGAGE TO TAKE.

For peace of mind contact our Mortgage Adviser Stuart Duncan on 01323 731112.

Your home may be repossessed if you do not keep up repayments on your mortgage.