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If you’re considering investing in a buy-to-let property then you’ll need to act now to beat the Stamp Duty increase – and your chance to save thousands of pounds on a new home.
The opportunity to save on your investment in and around Yorkshire is only available for a limited time, with new buy-to-let stamp duty rates coming in to force during the first half of next year.
As highlighted in the Chancellor’s Autumn Statement, from April 2016, property investors in England and Wales will have to pay an additional 3 per cent surcharge on each Stamp Duty band.
For example, on properties worth between £125,000 and £250,000, where 2 per cent Stamp Duty normally applies, buy-to-let landlords will now pay a total of 5 per cent.
For the average buy-to-let purchase of £184,000, that means an additional £5,520 will be payable in Stamp Duty from April 2016.
Linden Homes North sales director Steve Woomble said: “Following the recent Autumn Statement and the announcement surrounding changes to Stamp Duty next April, there is certainly a financially driven incentive for buy-to-let investors to beat the increase by purchasing now.
“We have a number of investor properties available now at many of our developments across the region, offering buyers the opportunity to save thousands of pounds if they do so before 1 April 2016.”
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All images are used for illustrative purposes only and are representative only. They may not be the same as the actual home you purchase and the specification may differ. Images may be of a slightly different model of home and may include optional upgrades and extras which involve additional cost. Individual features such as windows, brick, carpets, paint and other material colours may vary and also the specification of fittings may vary. Any furnishings and furniture are not included in any sale. Please check with our sales consultants for details of the exact specifications available at the development(s) for each type of home and the associated prices.