£600,000 Property Transfer Tax & Mortgage in Greater London (2026)
Purchasing a £600,000 residential property in Greater London, United Kingdom incurs £17,500 in UK Stamp Duty Land Tax (SDLT) plus £2,200 in notary and land registry fees. With a 20% deposit (£120,000) and a 25-year mortgage at 4.62%, your monthly payment is £2,701/month.
Monthly Mortgage (25Y)
£2,701/mo
Loan: £480,000 @ 4.62%
Property Transfer Tax
£17,500
UK Stamp Duty Land Tax (SDLT)
Notary & Registry
£2,200
Total Closing: £19,700
Total Cash Needed
£139,700
20% Deposit + Closing Tax
Complete Closing Cost & Mortgage Amortization Table
| Property Purchase Price | £600,000 |
| UK Stamp Duty Land Tax (SDLT) (2.92%) | £17,500 |
| Notary & Land Registry Fees | £2,200 |
| Total Non-Recoverable Closing Costs | £19,700 |
| 20% Down Payment (Deposit) | £120,000 |
| Total Upfront Cash Required at Closing | £139,700 |
| Mortgage Principal Financed (80% LTV) | £480,000 |
| Monthly Principal & Interest (25 Years @ 4.62%) | £2,700.79 / month |
| Total Interest Over 25 Years | £330,238 |