Blog Post-2

Estate agent fees

If you’re selling a home, you’ll also have to pay an estate agent fee. This will vary from agent to agent for example, YOPA charges a fixed fee to sell your home – however if you choose to sell with a high street agent, it could be anything between 1.5% and 3.5% of the property’s selling price, so get several quotes before deciding who to go with.

Stamp duty

This is a tax on land and property transactions that must be paid if you are buying a property valued over £125,000. The tax rates are tiered and the more expensive the property, the more you’ll pay in tax.

Here’s a quick breakdown:

Tax is due at 2% on the portion of the property between £125,001 and £250,000 and then 5% on the value between £250,001 and £925,000.

Tax is due at 10% on the portion between £925,001 and £1.5million, and anything above £1.5million is taxed at 12%.

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