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Calculate Stamp Duty

Stamp Duty Calculator FAQs

Is the Stamp Duty Calculator accurate?

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The Stamp Duty Calculator provides an estimate based on the property price and current stamp duty rates, making it a useful tool for getting a general idea of how much you might need to pay.

However, it’s important to note that the calculator offers a rough estimate and does not account for any exemptions, reliefs, or specific circumstances, such as first time buyer discounts or additional property surcharges.

For a more accurate calculation tailored to your situation, it’s recommended to contact a mortgage broker in Cardiff like us who can guide you through the stamp duty process in detail.

Will I have to pay Stamp Duty in Cardiff?

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Stamp Duty is calculated based on the purchase price of the property you’re buying in Cardiff.

The rates are applied in tiers, meaning different portions of the property price are taxed at different rates. For example, the first portion of the property’s price may be taxed at 0%, with higher portions taxed at increasing rates.

The Stamp Duty Calculator provides an estimate based on these tiered rates, but for an exact amount, it’s important to speak with a mortgage advisor in Cardiff.

How is Stamp Duty calculated in Cardiff?

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Stamp Duty is calculated based on the purchase price of the property you’re buying in Cardiff.

The rates are applied in tiers, meaning different portions of the property price are taxed at different rates. For example, the first portion of the property’s price may be taxed at 0%, with higher portions taxed at increasing rates.

The Stamp Duty Calculator provides an estimate based on these tiered rates, but for an exact amount, it’s important to speak with a mortgage advisor in Cardiff.

Can I add Stamp Duty to my mortgage in Cardiff?

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Some lenders may allow you to add the cost of Stamp Duty to your mortgage, but this will depend on their specific policies and your borrowing capacity

If you do add it to your mortgage, it will increase your loan amount, meaning you will also pay interest on the Stamp Duty portion over the life of the mortgage.

It’s advisable to discuss this option with a mortgage broker in Cardiff like us to see if it’s suitable for your financial situation.

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