Sorry if my question is silly as I am not an expert in mortgage things..:eek:.
My mortgage application is in process and my survey just done yesterday 14th Jan'13 (supposed to be on 17th Jan'13 but my state agent emailed me that it has been done yesterday). I just received a message from Nationwide that the valuatin is satisfactory.
Now, my situation is as follows:
House Price £190k
Deposit in saving account £38k = 80% LTV
It means I need to pay stamp duty of £1900.
1) Do I need to pay this before completion OR after the contract exchange and house key will be on my hand?
2) Can I pay this by credit card (as I have 0% interest for 6 month) after exchange of contract and I move to my new house? OR do I have to pay and show this before...>?
I would be grateful if any expert could advice. Much appreciated.:A
My mortgage application is in process and my survey just done yesterday 14th Jan'13 (supposed to be on 17th Jan'13 but my state agent emailed me that it has been done yesterday). I just received a message from Nationwide that the valuatin is satisfactory.
Now, my situation is as follows:
House Price £190k
Deposit in saving account £38k = 80% LTV
It means I need to pay stamp duty of £1900.
1) Do I need to pay this before completion OR after the contract exchange and house key will be on my hand?
2) Can I pay this by credit card (as I have 0% interest for 6 month) after exchange of contract and I move to my new house? OR do I have to pay and show this before...>?
I would be grateful if any expert could advice. Much appreciated.:A