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Stamp Duty help for First Time Buyers

Home page Bowson Property News Blog Stamp Duty help for First Time Buyers

First-time buyers will pay zero stamp duty on the first £300,000 on any home that costs up to £500,000 with immediate effect, the Chancellor has announced in the Budget. This means that on a home worth less than £300,000, you’ll pay no stamp duty.

Now is a great time to buy your first time home.  Call us on 01912128100 ext 1 for more information.

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Before the tenancy starts (payable to Bowson)
Holding Deposit: 1 weeks rent
Tenancy Deposit: 5 weeks rent
Rent: 1 months rent less holding deposit with a standing order set up for the subsequent monthly rent

During the tenancy (payable to Bowson if managed or landlord)
Tenancy agreement change: £50 inc vat
Late payment of rent: Interest charged at 3% above bank of England base rate for each day that the rent payment is outstanding over 14 days
Loss of keys/security devices: £15.00 +key cutting cost/ security device replacement.
Early termination of the tenancy: Payment of any unpaid rent up to the tenancy end date and a proportion of the Landlords tenant find fee (calculated by dividing the landlord tenant find fee by the number of months in the tenancy x the number of months left in the tenancy).

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