News

 

Finance South West launch a new fully encrypted mail facility for it's customers.



This state of the art system was designed by Opti-doc and allows customers to have the peace of mind that data and documents can be transmitted easily and securely with no fuss and minimal delays . Steve Beck the managing director said "we take the security of our customers data very seriously and although the standard in the industry is 256 encryption our new systems exceed this level signicantly . We are a company driven by the customers experience and out initial tests have all been positive with many customers saying how easy the new system is to operate."


March 1st 2018

Finance South West add a new solicitor to their panel .

Finance South West are thrilled to add BPL solicitors in Bristol to our recognised solicitor panel.

BPL have agreed to offer:

  • No move no fee service
  • A fixed price guarantee
  • A service level guarantee ensuring that we can keep our customers constantly appraised of the progress of there mortgage application whilst providing the assurance that the quotes are competitive and they have minimal exposure if the transaction does not go through

  • The FCA does not regulate solicitors.

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    January 1st 2018


    Changes for first time buyers and stamp duty


    You can claim a discount (relief) so you don’t pay any tax up to £300,000 and 5% on the portion from £300,001 to £500,000.

    You're elegible if:

  • you, and anyone else you’re buying with, are first-time buyers
  • you complete your purchase on or after 22 November 2017
  • If the price is over £500,000, you follow the rules for people who’ve bought a home before.


    November 2017

    Buy to let and second home changes to stamp duty

    For buy to let and second home purchases From April 2016 a 3% SDLT surcharge has applied to purchases of buy to let property and second homes. In Scotland a similar LBTT 3% surcharge applies to additional property transactions from April 2016.

    April 6th 2017

    Changes to Stamp Duty

    Stamp duty on property purchases was reformed by the Government.

    The revised rates are:


    Property or leade premium or transfer value SDLT rate
    Up to £125,000 Zero
    The next £125,000 (the portion from £125,001 to £250,000) 2%
    The next £675,000 (the portion from £250,001 to £925,000) 5%
    The next £575,000 (the portion from £925,001 to £1.5 million) 10%
    The remaining amount (the portion above £1.5 million) 12%

    December 4th 2014