Getting a mortgage offer is a big step on your property journey, but it’s important to know that it isn’t a guarantee. There are still things that could go wrong before you get the keys, and understanding them can help you avoid unnecessary stress.
UK First-time buyers don’t pay stamp duty on properties costing up to £300,000, you’ll only pay stamp duty on the portion above £300,000. If the property costs more than £500,000, you’ll pay the standard stamp duty rates.
Understand the new stamp duty rules for second home purchases (including buy-to-lets, holiday homes and property abroad).
Remortgage to release equity in 2025: how it works, how much you could borrow, and what to consider before unlocking cash from your home.