General FAQs

“Why use an Impartial Mortgage Broker”

Using an impartial mortgage broker offers unparalleled access to a range of mortgage products that aren't available from high-street lenders. At Liddington Mortgages in Swindon, our service ensures that you receive unbiased advice tailored to your individual needs. From finding the right mortgage deals to understanding your mortgage options, we’re here to guide you every step of the way. Working with an impartial mortgage broker means you benefit from our deep industry insights and dedication to your financial well-being, whether you’re buying your first home, remortgaging, or investing in property.

Your home/property may be repossessed if you do not keep up repayments on a mortgage or other debt secured on it.

“Remortgaging”

Remortgaging is a valuable opportunity to potentially reduce your mortgage costs, especially if your fixed term is ending or your property has increased in value. At Liddington Mortgages, we provide remortgage advice for homeowners, helping them find new deals with better interest rates or additional flexibility.

Your home/property may be repossessed if you do not keep up repayments on a mortgage or other debt secured on it.

“Buy to Let”

Whether you're an experienced landlord or looking to purchase your first investment property, securing the right buy-to-let mortgage is essential. Liddington Mortgages provides impartial advice on buy-to-let mortgages, helping you find competitive rates and flexible options to maximise your investment returns. With our knowledge of the local property market, we can guide you through the complexities of buy-to-let mortgages, ensuring a smooth and informed process from start to finish.

The FCA does not regulate some forms of Buy to Lets. Think carefully before securing other debts against your home/property

“Securing the Right Mortgage Deal for the Self-Employed”

For self-employed individuals, securing a mortgage can seem challenging, but with the right mortgage broker, it doesn’t have to be. At Liddington Mortgages, we offer impartial mortgage advice specifically for self-employed clients. We understand the unique financial circumstances of directors, sole traders, partners and contractors, and we’re skilled at finding lenders who are flexible with income verification and credit history. With our support, you can confidently explore mortgage options designed to suit your business income and personal needs.

“Shared Ownership”

The Shared Ownership scheme is a fantastic option for those looking to get on the property ladder with a smaller deposit. At Liddington Mortgages, we provide advice to help you navigate the Shared Ownership process, from understanding eligibility, liaising with the local authorities and developers, to securing the right mortgage deal. Whether you’re buying your first home or exploring affordable housing options, we’ll guide you every step of the way, ensuring a smooth and informed journey to homeownership.

“What is Stamp Duty?”

Stamp Duty Land Tax (SDLT) is a tax applied to property or land purchases in England and Northern Ireland. It is calculated based on the property's purchase price and is paid by the buyer via their conveyancer. SDLT rates are tiered, meaning different portions of the property price are taxed at varying rates.

Effective from 1st April 2025, the UK government implemented changes to Stamp Duty Land Tax (SDLT) thresholds.

For standard residential property purchases, the nil-rate threshold will decrease from £250,000 to £125,000. This means that properties priced up to £125,000 will be exempt from SDLT, while higher-priced properties will incur tax at increasing rates: 2% on the portion from £125,001 to £250,000, 5% from £250,001 to £925,000, 10% from £925,001 to £1.5 million, and 12% on any amount above £1.5 million.

First-time buyers will also experience changes. The SDLT exemption threshold for first-time buyers will reduce from £425,000 to £300,000. Consequently, first-time buyers purchasing properties up to £300,000 will pay no SDLT. For properties priced between £300,00 and £500,000, a 5% SDLT rate will apply to the portion above £300,000. Notably, first-time buyers purchasing properties over £500,000 will not qualify for any relief and will be subject to standard rates.

For buyers purchasing a second property or an additional home, an extra 3% surcharge is added to each SDLT band. This means that second property buyers pay 3% on the portion up to £125,000, 5% on the portion between £125,001 and £250,000, 8% on £250,001 to £925,000, 13% on £925,001 to £1.5 million, and 15% on amounts over £1.5 million.

You can calculate your stamp duty by clicking HERE

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