Buying in United Kingdom · HM Revenue & Customs (HMRC)
United Kingdom Stamp duty & transfer fee calculator
Stamp Duty Land Tax (SDLT) in England & Northern Ireland is tiered from 0% to 12%, with a 5% surcharge on additional residential properties and 2% non-UK resident surcharge. What can I afford? →
Work out your stamp duty
What the buyer pays IRAS on top of the price. Change any answer to see the effect.
- Buyer’s Stamp Duty
- $24,600Up to 6%, in bands
- Additional Buyer’s Stamp Duty
- $0None for a citizen’s first home
How the Buyer’s Stamp Duty adds up
| Part of the price | Rate | Duty |
|---|---|---|
| First $180,000 | 1% | $1,800 |
| Next $180,000 | 2% | $3,600 |
| Next $640,000 | 3% | $19,200 |
Rates from IRAS: Buyer’s Stamp Duty (from 15 Feb 2023) and Additional Buyer’s Stamp Duty (from 27 Apr 2023), checked 7 Oct 2026. Duty is on the higher of the price or market value and is due within 14 days of signing. Some buyers can get ABSD back or pay less, e.g. married couples who sell their first home within 6 months; see IRAS. An estimate, not tax advice.
United Kingdom — Recorded Market Benchmarks & Open Data Bulletins
United Kingdom Market Snapshot (Oct 2026): Prime residential property in London & Manchester trades at a median of £1,180/sq ft (typical unit price £745K, +3.8% YoY), with median rents at £2,950/mo and gross rental yields of 4.6%. Acquisition taxes follow 0–12% SDLT · HMLR, and mortgage financing reaches up to 85% LTV for residents and 70% LTV for eligible foreign buyers (Mortgage Calculator · Stamp Duty Calculator).
| Area / Precinct (London & Manchester) | Median / sq ft | Median Rent | Gross Yield | 12M YoY |
|---|---|---|---|---|
| Westminster | £1,650 | £4,400 | 3.9% | +3.2% |
| Canary Wharf | £920 | £2,850 | 5.1% | +4.1% |
| Manchester | £440 | £1,650 | 6.2% | +6.5% |
Frequently Asked Questions — Buying & Renting in United Kingdom
What is the median property price and rental yield in United Kingdom?
According to official open data benchmarks on Property.co, the prime median price in United Kingdom (London & Manchester) is £1,180/sq ft (median sale price £745K, +3.8% YoY), with a median monthly rent of £2,950/mo and gross rental yield averaging 4.6%.
Can foreigners buy residential property in United Kingdom?
There are no nationality restrictions on buying UK freehold or leasehold property; non-UK residents pay a 2% Stamp Duty Land Tax (SDLT) surcharge on residential purchases.
What are the mortgage LTV limits and stamp duty rates in United Kingdom?
UK residential mortgages typically cap borrowing at 4.5× annual gross household income (up to 85% LTV for UK residents, 70%–75% LTV for overseas buyers plus 2% non-resident SDLT surcharge). Statutory transfer/stamp duty in United Kingdom follows 0–12% SDLT · HMLR (Bank of England & HMRC SDLT). Local residents qualify for up to 85% LTV and non-residents up to 70% LTV.
How do I compare coworking, coliving, serviced apartments, and self-storage in United Kingdom?
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