Mortgage Advice: Stamp Duty Costs
Wondering about all the costs involved in purchasing a property?
When purchasing an investment property, costs include:
Solicitor's fees
Valuing the property
Stamp duty
Your solicitor's fee
Solicitors fees are usually 1% of the total price plus €127 and VAT at 21%. If you shop around, you may get better value.
Property valuation
To assess the value of the property you intend buying, a registered valuer must complete a valuation report. This will be needed before your mortgage can be finally approved. This is not a full structural survey, which we recommend you have done before you sign contracts, especially for older properties.
Stamp duty
Stamp duty does not apply to new properties for first time buyers, Investors tend not to be first time buyers so they will pay stamp duty at the higher rates. See below for investment stamp duty rates.
