Mortgage brokerin Merton

On a standard £540,000 purchase (home mover), stamp duty totals £17,000: 0% on £125k, 2% on £125,001–£250,000 (£2,500), and 5% on £250,001–£540,000 (£14,500). First time buyers cannot use FTB relief at this price, but buyers targeting Morden or Mitcham may find properties under £400,000 where FTB relief applies and total stamp duty falls to £5,000 or less.

Wimbledon Village and the streets around Wimbledon Common command prices of £800,000–£1.5m for family homes, far above the borough average. The combination of the Common, outstanding primary and secondary schools, excellent District line connectivity (Wimbledon to Victoria in 26 minutes), and a prestigious address drives this premium. We arrange mortgages across the full Merton price range, from Morden flats to Wimbledon Village family homes.

Colliers Wood and Morden offer buy to let gross yields of 4.5–5.5% — substantially higher than Wimbledon — with good tenant demand from young professionals priced out of Clapham and Tooting. Morden is the Southern terminus of the Northern line, giving tenants fast access to the City and West End. We can compare buy to let mortgage rates across lenders for Merton properties at different price points.