Arranging your finances

We'll help you make the finances work

To make sure that you get a mortgage product that suits you best, our advisors will put you in touch with an Independent Financial Advisor (IFA) - someone who will give you expert and unbiased advice on the best mortgage products available. As we aim to help you further through this process, we'll liaise directly with the IFA to provide you with a seamless, stress-free home buying experience. Our clients can contact the IFA seven days a week, and they provide a confidential rapid response regarding the affordability of your proposed purchase and repayments. They will also be able to help you get a prompt decision in principle from your lender.

LBTT Rates

Land & Buildings Tax (LBTT), which replaced UK Stamp Duty, is charged by the Scottish Government if you buy a residential property. Tax is payable at different rates on each portion of the purchase price within specified tax bands.

• Up to £145,000 - 0%
• Above £145,000 to £250,000 - 2%
• Above £250,000 to £325,000 - 5%
• Above £325,000 to £750,000 - 10%
• Over £750,000 - 12%

For transactions from 1 April 2021 onwards, the ceiling of the nil-rate band for residential LBTT is £145,000.

Since 30 June 2018, first-time buyers in Scotland have benefited from a relief on LBTT. The relief effectively raises the starting threshold for first-time buyers from £145,000 to £175,000.

If you are buying an additional residential property in Scotland (such as buy-to-let or second home) of £40,000 or more, the Additional Dwelling Supplement (ADS) of LBTT applies.

The ADS is charged at 4% of the total purchase price.

Full information on LBTT, including a LBTT calculator, can be accessed on the Revenue Scotland website.