Hi
I'm a first time buyer on a new property under 300k. I've been ringing solicitors to get quotes for legal fees and all of them are mentioning stamp duty is to be paid if I am borrowing over 254k from the lender. Can anyone clarify this for me as I understood as a first time buyer on a new property I was exempt if it was under 317k?
Any help appreciated.
Fi
I'm a first time buyer on a new property under 300k. I've been ringing solicitors to get quotes for legal fees and all of them are mentioning stamp duty is to be paid if I am borrowing over 254k from the lender. Can anyone clarify this for me as I understood as a first time buyer on a new property I was exempt if it was under 317k?
Any help appreciated.
Fi