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Price transparency for property purchasers

Posted on 08 September 2016
Price transparency for property purchasers

Northern Irelands longest established residential estate agency, Templeton Robinson, are making the purchasing process easier for potential new homeowners by outlining how much they are required to pay in Stamp Duty, while looking at any of the properties on their state-of-the-art website.

From April 1st 2016 second home buyers and buy-to-let investors have faced new higher rates of the charge which is an extra three per cent surcharge on top of the rate for the value of the property that they are buying. Templeton Robinson website visitors are show the standard rate of stamp duty, as well as the high rate should they be purchasing a second home or buy-to-let property.

Beth Robinson, Partner at Templeton Robinson, says the service allows buyers to have a clearer picture of the cost of purchasing a new home.

“We want to make this process as easy as possible for our clients, and outlining key costs from the start of the process allows purchasers to have a more realistic assessment of the affordability of the house they may be interested in.

“We’re also taking into account the introduction of the new higher rate of stamp duty earlier this year, and outlining the comparative figure to any potential buyers who may be considering a second home or buy-to-let property.”

“Our aim is to create more transparency for our clients, and stamp duty can often be something of an afterthought when people find the house of their dreams. By including the cost, which is applicable to house priced over £125,000, our clients have all the figures they require to make an informed decision about the financial commitment involved in purchasing their home.