It may not be your first time buying a property, but if it’s your first time selling and buying simultaneously, it can be scary. But it doesn’t have to be!
Yes, you will have to pay Stamp Duty when you purchase your new property.
If you have not sold your main residence at the point of purchasing your new house, then you will have to pay the higher Stamp Duty rates as you will own two properties. However, you can apply for a refund if you sell your previous main house within 36 months.
The cost should be the same whether you are buying or selling at the same time or not. However, if you sell your property before you buy a new one you should factor in the costs of accommodation in between the two properties.
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