Borrowing more may also mean you need a higher loan-to-value mortgage where interest rates may be higher. » MORE: See current mortgage rates Stamp duty in Scotland In Scotland, you may need to pay Land and Buildings Transaction Tax (LBTT) instead of stamp duty when you buy a home....
In Scotland, it's £145,000 (£175,000 for first-time buyers) and in Wales it's £225,000. When do you not need to pay stamp duty? You do not need to pay stamp duty if you're purchasing a residential home that costs less than the zero-tax threshold and no second home sur...