Conveyancing in Ayr. £563 LBTT on a typical home.

The short answer

Conveyancing in Ayr, in 30 seconds

The law

Scotland has its own property law. A Scottish solicitor handles the purchase, and the deal is agreed by an exchange of letters called missives.

The Home Report

Sellers must provide a Home Report, which includes a survey and valuation, before a home is marketed.

The tax

Land and Buildings Transaction Tax (LBTT) replaces stamp duty. At £173,126 it is £563, or £0 with first-time buyer relief.

Timings

Once missives conclude, the deal is binding, much like exchange in England.