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New Property Development
Second Hand Listings
Costs Of Purchasing
United Kingdom Property
Transaction Costs
Stamp Tax 1% - 15% of housing price, (depends on different housing price, started from 2015/11) Below 125k GBP: no stamp tax 125k-250k GBP: 2% stamp tax 250k-925k GBP: 5% stamp tax 925k-150million BGP: 10% stamp tax Over 150million GBP: 12% stamp tax
Attorney Fee 1000 - 2500 GBP
Broker's fee 1% - 2% of housing price(Paid by seller)
Appraisal & Inspection Fee 300 - 2000 GBP
Registration Fee 0.1% - 0.2% of housing price
Mortgage Costs
Loan Ratio Depends on personal financial status, Personal owner can loan up to 80%, Investment buyers can loan up to 75%
Interet Rage For personal buyer's mortgage interest rate: 2.68% based on England's prime interest rate; For investment buyers:3.38% based on England's prime interest rate
Loan Program Depends on buyer's financial status, the longest mortgage rate is 25-year program.
Loan Commission Assessment fee depends on the actual housing price,paid when you filed your mortgage application, usually 0.5-1% of loan amount。
Costs of Ownership
Council Tax 8 categories of UK municipal property management fee:400—5000 GBP per year,London area:around 2000-3000 GBP per year
Management Fee 1000 - 3000 GBP per year (0.5 - 1% for closing price)
Building Insurance around 130 GBP
Rental Administration Costs
Property Rental Management Fee 7% - 15% of annual rental
Rent Guarantee Insurance around 4% of rent
Personal Income Tax Depends on peronal income: 20%/40%/45% tax rate。20% trax rate for annual income under 32,010 GBP; 40% trax rate for annual income between 32,011-150,000 GBP; 45% tax rate for annual income above 150,000GBP
Costs Upon Sale
Capital Gains Tax Interest rate*tax rate(Personal income tax, usually 18% or 28% of profits)
Attorney Fee 0.1% - 5% of housing price and related service VAT
Broker's fee 1% - 4% of closing price and related service VAT
Inheritance Tax 40% of Inheritance tax if the inherent amount is more than 325k GBP (can inherent diversely to avoid tax)

Properties in United Kingdom

Second Hand Listings
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