£550,000 Property Transfer Tax & Mortgage in Greater London (2026)
Purchasing a £550,000 residential property in Greater London, United Kingdom incurs £15,000 in UK Stamp Duty Land Tax (SDLT) plus £2,200 in notary and land registry fees. With a 20% deposit (£110,000) and a 25-year mortgage at 4.62%, your monthly payment is £2,476/month.
Monthly Mortgage (25Y)
£2,476/mo
Loan: £440,000 @ 4.62%
Property Transfer Tax
£15,000
UK Stamp Duty Land Tax (SDLT)
Notary & Registry
£2,200
Total Closing: £17,200
Total Cash Needed
£127,200
20% Deposit + Closing Tax
Complete Closing Cost & Mortgage Amortization Table
| Property Purchase Price | £550,000 |
| UK Stamp Duty Land Tax (SDLT) (2.73%) | £15,000 |
| Notary & Land Registry Fees | £2,200 |
| Total Non-Recoverable Closing Costs | £17,200 |
| 20% Down Payment (Deposit) | £110,000 |
| Total Upfront Cash Required at Closing | £127,200 |
| Mortgage Principal Financed (80% LTV) | £440,000 |
| Monthly Principal & Interest (25 Years @ 4.62%) | £2,475.73 / month |
| Total Interest Over 25 Years | £302,719 |