Stamp Duty
Find out more about Stamp Duty, Land Transaction Tax (LTT) in Wales Land and Buildings Transaction Tax (LBTT) in Scotland and how we may be able to contribute. Plus try our stamp duty calculator.
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Essential guide to buying a new home
Whether it’s your first, second or fifth time buying, it’s a big moment. So, we have designed this guide to help outline the process of buying with us.
Let’s talk finances
First things first - it’s important you have a chat with an Independent Financial Advisor right at the start of your buying journey. They are the experts in assisting you with getting your finances in order, and helping you understand how much you can realistically borrow.
Reservation
Once you receive the good news that you have been qualified, and you’ve chosen your perfect Dandara home, you can start the reservation process. Simply pay your reservation fee to secure your new home and we’ll confirm everything in a letter.
Post-reservation meeting
You will be invited to a post-reservation meeting where we talk you through all the details of your new home, including plans and layouts.
Legal and financial assistance
You need someone who can help manage the legal side of your move, so we’d advise you to instruct a conveyancing solicitor. If you’re not sure where to start looking, that’s no problem - we have a list of suggested firms. They will be able to help the process run more smoothly, especially if they are already familiar with our procedures.
Choices and upgrades
There may be some choices you are able to make, such as flooring, kitchen cupboards and tiles to personalise your new home, but this will depend on the development as well as the build stage and specification of your new property. Our sales team will be able to advise you about this.
Exchange of contracts
Your new home is getting even closer now. Before contracts are exchanged or missives are concluded (Scotland), your solicitor will confirm they are happy with all the details of the purchase. At this point, they will then advise you to exchange contracts with us, so you’ll need to ensure you have a mortgage in place and pay your deposit.
Notice to complete
Our solicitor will provide your solicitor with the notice of legal completion according to the contract. Legal completion takes place when our solicitor receives the completion monies.
New home demonstration
This is one of the most exciting parts of your purchase. Once the notice to complete has been served, we’ll invite you to a new home demonstration. Ideally, this is held a few days before final handover, so that you can enjoy a smoother move into your new home. Your site manager or sales consultant will meet you, take you to your new home and run through all its facilities and functions, to ensure you’re familiar with them.
Legal completion and handover
The day has finally arrived. Once monies have been received by our solicitor the transfer will be complete. And that means you are officially the legal homeowner.
Our sales consultant will meet you at your new home to hand you your keys, where they will take your meter readings and ask you to sign a handover form.
After that, we’ll leave you to get all moved in and start enjoying your new home.
Costs of moving home
Land Transaction Tax (LTT) in Wales
Land Transaction Tax (LTT) is the tax you need to pay on the first £225,000 of a new home in Wales. It used to be called Stamp Duty Land Tax (SDLT), but this was changed in April 2018.
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Land and Buildings Transaction Tax (LBTT) in Scotland
Land and Buildings Transaction Tax (LBTT) is the tax payable on the first £145,000 of a new home in Scotland. It applies to all buyers of residential and commercial property and land (including transactions for commercial properties and commercial leases) where a chargeable interest is acquired.
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