Clifton Hill, St John's Wood, NW8
£3,400 per week Tenant PaymentsHanover are proud to bring to market this five bedroom, four bathroom house on this quiet, tree lined street. The property benefits from off-street parking, wooden flooring, an abundance of natural light, private rear garden & three reception rooms. Clifton Hill is ideally located a short walk away from St John's Wood High Street & St John's Wood Underground Station. Offered furnished or unfurnished. Available immediately.
Interested in this property? Call us on 020 7722 2223 or
Arrange a ViewingStamp Duty Calculator
What level of Stamp Duty should you be paying? Use our Stamp Duty calculator tool to calculate the stamp duty charged on purchases of property in the UK.
Stamp duty rates (SLDT) on UK property transactions are linked to the price paid for a purchase.
Stamp duty is calculated over a number of different thresholds with clear delineation between the differing rates and is payable by the purchaser when buying a property, usually through the solicitor on completion of sale.
The rates for commercial property are different to residential and our calculator will offer guidance on residential property only.
STAMP DUTY FOR FIRST TIME BUYERS
A first time buyer is classified as someone who has never owned a residential property abroad or in the UK. Including leasehold properties. First time buyers cannot get stamp duty relief on buy-to-let properties and the purchase must be your only residence.
For first time buyers, a change to the stamp duty means that anyone buying their first home won't be liable for stamp duty if the purchase price is below £300,000.
Further relief is available for purchases up to £500,000 to help first time buyers in more expensive locations such as London.
Please note that our calculator factors in the location of the property and will calculate the first time buyer relief at £500,000.
STAMP DUTY WHEN BUYING A SECOND PROPERTY
In the 2015 autumn statement, the chancellor George Osborne announced that from April 2016 the SDLT (Stamp Duty Land Tax) would increase on any purchase of a second property.
The tax is applied to properties bought as a second home or a buy-to-let and will apply even if the property isn’t let out. However mobile homes, houseboats and caravans are classed as exempt. For most transactions the higher stamp duty will only apply to purchases of buy-to-let or second homes.
Someone who already owns a second home or buy-to-let, who plans to move house should also be exempt from the higher stamp duty rate, as the owner plans to replace their main residence.
Tenant Payments
Prospective tenants interested in renting a property through Hanover will need to be aware of the following payments due prior to the commencement of a tenancy and during the Tenancy:
A refundable holding deposit:
The equivalent of one weeks rent is to be paid to Hanover in order to remove the property from the market and commence referencing. The ‘deadline for agreement’ for both parties is usually 15 days after a holding deposit has been received by a landlord or agent (unless otherwise agreed in writing). Please note, this deposit is non-refundable if you provide false or misleading information. Should the tenancy proceed, Hanover can either refund the holding deposit directly to you or put it towards your rent or security deposit (subject to your consent).
The rent
Security Deposit:
Prior to the tenancy, you will be required to pay a security deposit capped at no more than five weeks’ rent where the annual rent is less than £50,000, or six weeks’ rent where the total annual rent is £50,000 or above.
Payments to amend the Tenancy agreement:
You will be liable to pay an administration charge of £50 inc VAT (or reasonable costs incurred if higher) for any amendments required during a tenancy. e.g. a change of Tenant.
Payments to terminate the Tenancy agreement early:
You will be responsible for all payments associated with early termination of the tenancy, when requested by you as the Tenant.
Utility bills:
You are responsible for all payments in respect of utilities, communication services, TV licence and council tax unless stated otherwise within the Tenancy Agreement.
Late payment of rent:
If you are late in paying rent, you will be liable to pay interest at 3% above the Bank of England Based Rate from the rent due date.
Replacement of keys:
You will be responsible for the costs incurred for the replacement of a lost key/security device, where required under a tenancy agreement.