Goldentree makes BTL push ahead of stamp duty changes

Goldentree makes BTL push ahead of stamp duty changes




Goldentree Financial Services is making a final push to complete buy-to-let deals before the 3% stamp duty land tax (SDLT) surcharge is introduced.

<
p>The increase in SDLT for second property purchases come into effect on 1st April, but the lender has not imposed an early deadline and will allow until 31st March for any transactions to be completed.

Steve Marsh, Managing Director at Goldentree, said: “The stamp duty changes are approaching quickly and we are expecting to complete a great deal of business in this time.

“Any buyers looking to complete deals before the changes in April can still complete with Goldentree if they get in touch soon.”

A second property purchased at £400,000 currently commands a stamp duty charge of £10,000, but from the first of next month this will more than double to £22,000.

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