Leeds Building Society have launched a two-year discount mortgage at 5.25% which is available up to 95% loan-to-value.
They have also launched a two-year discount 4.35% available up to 90% loan to value and a new two-year variable rate mortgage at a current rate of 5.89% up to 95% loan to value.
Eight weeks remain for first time buyers to complete their house purchases in order to avoid paying stamp duty land tax. The tax exemption will end on the 24th March 2012.
Stamp duty land tax will then be charged at 1% on all purchases between £125,000 and £250,000.
Don’t assume that “no news is good news” Please ensure you have returned and signed all your documentation to your Solicitor to ensure that they can complete the transaction before the 24th March 2012.
This is a tax charged on the purchase of a property and the amount of tax payable is dependent of the purchase price.
Property Purchase Price
£0 – £125,000 = 0%
£125,001 – £250,000 = 1%
£250,001 – £500,000 = 3%
£500,001 – £1 million = 4%
£1 million + = 5%
First time buyers
The first time buyer’s £250,000 threshold applies from 25 March 2010 up to 24 March 2012 inclusive.
There is no indication that this incentive will be extended.
95% Mortgages available through park gate for purchase or remortgage customers.
With rates fixed at 5.99% for 2 years, low application fees. 95% mortgages are limited to £250,000 maximum loan amount.
Remortgage are also available 95% loan to value comes with a free standard valuation and free solicitors.
All applications are subject to the lenders criteria and affordability.
Why not call us now to see if you qualify for 95% mortgages for purchases or remortgages or you can email us on info@parkgate.net or alternatively you can complete the contact us page on www.parkgate.net/contact-us
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