FAQs

In England, up until 30 June 2021stamp duty is paid when the purchase price exceeds £500,000. On 1 July 2021, the threshold will reduce to £250,000 until 30 September 2021. After that, there are different thresholds for First Time Buyers and other buyers.

Please be reassured that we are doing everything possible to support our borrowers in completing their property transaction before their respective stamp duty deadlines, however we can offer no guarantee that mortgages will complete by any given date

    Stamp duty land tax FAQs

  • What are the latest changes you have made to your application process?
  • What have you done to progress pipeline cases?
  • How can I have the best chance of getting an application through?
  • Do you think my clients’ mortgage application will complete on time?
  • What shall I do if the client’s mortgage offer will expire before they want to complete?
  • Why do you need 10 days’ notice now to release funds after receipt of the Certificate of Title?
  • What if there is another lockdown?
  • What’s Foundation’s underwriting process?
  • Does your service differ between BTL & Resi?
  • The phone wait is long, when is a better time to call?
  • I am a solicitor and I need to discuss an application with the Completions team – how do I get in touch?
  • Do you accept ‘No Search Indemnity Insurance’ on purchases and remortgages?
  • Where can I get more information on the current stamp duty levels?
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