SDLT if you buy A Buy To Let property then you will pay the second home charge if you buy through a limited company.
This charge is three Percent of the purchase price. It is in addition to the normal rates for SDLT of 2% between £125,000 and £250,000 and 5% over £250,000. In certain circumstances if you buy for over £500,000 you will pay SDLT at 15% of the purchase price.
You will pay the Second Home Charge even if this is the first property that the limited company is buying.
Do you need permission to let your property?
The need for an EPC
Generally any property that is rented out will require an EPC- Energy Performance Certificate. Any EPC that is obtained will last for ten years. It must be renewed after that time. However during that time it can be used repeatedly.
Minimum Energy Requirements. From 1st April 2018 the minimum energy efficiency standard (MEES) is in force
In all cases you may be able to apply for an exemption. There is a “ cost cap.” You will never be required to spend more than £3500 inc VAT to improve to E. If you spend up to that sum and you cannot get the property to rating E then you can register an “all improvements made” exemption. More details on www.gov.uk Domestic private rented property: minimum energy efficiency standard- landlord guidance.
Get an Instant Online Conveyancing Quote
Click on the relevant calculator to get your free online quote.
For a payment of £60.00 including VAT upon instruction, you can rest assured that should your conveyancing transaction fall through, for whatever reason, you will not be charged any solicitors fees. This fee is payable per transaction and therefore if you had a sale and purchase with us you would need to pay £60.00 for each.
Should your sale or purchase fall through without having taken the No Move/No Fee option we will charge a fee as is reasonable for the amount of work done by that stage.
First Time Buyer
Buy to let Landlord
Previous client (where we acted for over the last 3 years)
If you qualify for this discount, simply deduct this amount from your total online quote and advise us of your circumstances on instruction.
Terms and Conditions
Only one deduction per transaction (e.g if both cash buyer and buy to let landlord we deduct £24.00).