Non-Resident SDLT Surcharge

By Justin Whitelock

Founder of Mortgage London (a trading style of City Finance Brokers Limited, authorised and regulated by the Financial Conduct Authority, FCA No. 766295)

An additional 2% SDLT charge in England and Northern Ireland when a buyer is treated as non-UK resident, based on 183-day UK presence test.

Related glossary terms

Mortgage Term

The total length of time over which the mortgage is scheduled to be repaid, commonly up to thirty-five or forty years.

Agreement in Principle (AIP)

An early lender indication of potential borrowing capacity based on basic financial information, serving as preliminary approval rather than formal commitment.

Title Deeds

The documents that show the history of ownership and rights affecting a property, primarily evidenced through HM Land Registry.

Leasehold

Owning a property for a fixed term under a lease rather than owning the land outright forever, with associated obligations.