Contractors and Freelancers eager to get onto the property ladder have a small window of opportunity to take advantage of the stamp duty break.
The tax break first launched by the labour party was expected to be made permanent by the coalition party. However, the Stamp Duty tax break for properties valued up to £250,000 will be axed from the 24th March 2012.
The first time buyer tax break relates to residential properties up to £250,000 and it means that if you are a genuine first time buyer (i.e. you have never owned a property) then you will not have to pay Stamp Duty tax on your purchase. This saving of up to £2500 is NO small change for first time buyers struggling to get onto the property ladder.
Our mortgage advisers have been put on red alert to prioritise the influx of enquiries from first time buyers eager to beat the tax break deadline. Before making an offer on a property it is vital that you establish first whether the seller is in a chain and whether they will be able to complete the purchase before the stamp duty deadline of 24th March.
Contractor Mortgages offered with a minimum of 10% deposit
Our unrivalled service in the Contractor Mortgage Market makes us the preferred choice for contractors and freelancers looking to secure their first mortgage. We recognise all the problems you will face trying to get a mortgage and we’ve got the solutions! So if you’re looking for a mortgage – please talk to us. We have negotiated competitive rates that only need a 10% deposit from contractors, and the best part is that you will be assessed on your daily contract rate, no accounts, P60 or payslips required. Even if you are in the first week of your first contract, we have the solution.
This is the perfect time to take advantage of the tax break, especially for those contractors living in rented accommodation. With rents going up, especially in the south east, why continue lining the pockets of your landlords.
It’s crucial You Don’t attempt to Get A Mortgage On Your Own
With time running out, you need an experienced mortgage specialist on your side – Our contract based mortgage underwriting and close relationships with senior underwriters means you can have peace of mind and confidence that your application is being handled by experts. We guarantee that your mortgage will be handled promptly, without unnecessary delay or fuss. We’ll take care of everything for you, to acquire your mortgage before the March deadline.
Waste no time, speak to one of our specialist mortgages advisors today on 0208 421 7999 or complete our call back form to find out more