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  • FIRST POST
    • Grant_Wilton
    • By Grant_Wilton 29th Nov 17, 10:41 AM
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    Grant_Wilton
    Stamp duty for 1st time buyers.
    • #1
    • 29th Nov 17, 10:41 AM
    Stamp duty for 1st time buyers. 29th Nov 17 at 10:41 AM
    Hi all,

    Just a quick one. My partner and I are buying a new build house. We have exchanged and have a mortgage offer in place. The house we are buying is £185k and we are due to move in next Feb/Mar time. We were wondering if we would still qualify for ‘no stamp duty for first time buyers’ even though we are quite a way through our house purchase?

    I have emailed our solicitors but typically all I can get from them is ‘they are handling it’ so any help/advice/info is gratefully received

    Many thanks

    Grant
Page 1
    • Lokolo
    • By Lokolo 29th Nov 17, 10:50 AM
    • 19,858 Posts
    • 14,948 Thanks
    Lokolo
    • #2
    • 29th Nov 17, 10:50 AM
    • #2
    • 29th Nov 17, 10:50 AM
    Stamp duty is due on completion. You haven't completed yet so if the rules haven't changed by then, you pay no stamp duty.
    • JoJo1978
    • By JoJo1978 29th Nov 17, 10:50 AM
    • 181 Posts
    • 178 Thanks
    JoJo1978
    • #3
    • 29th Nov 17, 10:50 AM
    • #3
    • 29th Nov 17, 10:50 AM
    Stamp duty is payable on completion. So as long as you both qualify as FTB you'll be exempt
    Hamster in the wheel (London) 1999-2017
    Mortgage free since 2015; Pension pot sorted 2017
    Second career (what TBD!) 2018
    • 00ec25
    • By 00ec25 29th Nov 17, 11:10 AM
    • 5,577 Posts
    • 4,979 Thanks
    00ec25
    • #4
    • 29th Nov 17, 11:10 AM
    • #4
    • 29th Nov 17, 11:10 AM
    read the guide then you will be informed yourself: https://www.gov.uk/government/publications/stamp-duty-land-tax-relief-for-first-time-buyers-guidance-note
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