Stamp Duty

Stamp duty rates on UK property transactions are linked to the property selling price.

Stamp duty rates increase in line with property value and there are a number of stamp duty thresholds giving clear demarcation between the different rates. Stamp duty rates are different for residential and commercial property.

New Stamp duty rates

New stamp duty rates have been introduced from December 2014. Under the new rules buyers pay tax on amounts between bands, not on the full purchase price of a property.

No tax will be paid on the first £125,000 of a property. Between £125,001 and £250,000 buyers will pay 2% within this band, 5% on the portion between £250,000 and £925,000, 10% within the next band up to £1.5 million and 12% over that. 

The table below indicates current stamp duty rates for UK residential property.

Old Stamp Duty Rates

Up to £125,000
£125,001 - £250,000
£250,001 - £500,000
£500,001 - £1,000,000
£1,000,001 - £2,000,000
£2,000,001 and over
£2,000,001 and over
by companies collective investment
schemes and partnerships).

New Stamp Duty Rates

Up to £125,000
£125,001 - £250,000
£250,001 - £925,000
£925,001 - £1,500,000
£1,500,001 and over

Stamp duty rates for zero carbon homes

In October 2007 the government introduced an SDLT exemption for homes which have minimal impact on the environment. Zero carbon homes under £500,000 are now exempt from SDLT, and zero carbon homes bought for over £500,000 will have a reduced SDLT liability. 

To qualify for SDLT exemption, a house needs to be built to high standards with superior insulation and will normally incorporate a source of renewable energy. A qualifying home will need to be carbon neutral over the course of a year.

Important Information

Important Information

Your home may be repossessed if you do not keep up repayments on your mortgage.

Typically we do not charge a fee for mortgage advice, however if we do, depending on your circumstances, it will be a maximum of £250.

As with all insurance policies, conditions and exclusions will apply.


The Mortgage Shop (N.I) Ltd is an Appointed Representative of Stonebridge Mortgage Solutions Ltd, which is authorised and regulated by the Financial Conduct Authority Registered Office: The Mortgage Shop (N.I) Ltd, 132 Great Victoria Street, Belfast. BT2 7BG. Registered Company Number: NI26842. Registered in Northern Ireland.