first time buyers
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SDLT Budgeting: Avoiding a Costly Surprise Before Exchange
Research from TSB highlights that many buyers, especially first-time buyers, neglect to budget for Stamp Duty Land Tax (SDLT) costs, with about a quarter overlooking this expense. This miscalculation significantly affects their financing, as SDLT can consume 10-15% of their total deposit. Compliance with regulatory standards requires firms to provide clear SDLT calculations to clients.
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2013 Purchase and Remortgage Conveyancing Numbers Revealed
The CML have today issued a press release relating to information to First Time Buyers. I stumbled across the following information data which reveals the number of purchase and remortgage conveyancing transactions in 2013. That’s nearly one million transactions where a CML Part 2 or BSA requirements applied.