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No stamp duty holiday after all
Comments
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The loans system, called HomeBuy Direct, is to be run together with "large-scale" property firms.
I'm not a "large-scale" property firm
How does this help me sell my property....A blonde... cleverly disguised as a Brunette.......;)0 -
aarrg! due to echange on Friday on a £195,000k property.....an extra £1950 in my pocket would have been nice if only they had raised the threshold a bit further......oh well. Good luck to those it does help...Boo!:rotfl:0
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I think £50k is a big jump, the new level is above the average house price as reported by Nationwide, so it should be attractive to many more families. There is a repo house near me for £210k, but from talks with EA, we were getting a sense that £180k would be accepted. I think that our max offer just dropped to £175k (if we decide to go for it)Spring into Spring 2015 - 0.7/12lb0
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^^^
Doesn't this mean that any property up to £200k is in danger of dropping to £175k? I would certainly do so if I was looking at that price range. I mean houses in real danger are those on at up to £190k.0 -
^^^
Doesn't this mean that any property up to £200k is in danger of dropping to £175k? I would certainly do so if I was looking at that price range. I mean houses in real danger are those on at up to £190k.
Precisely. Although it's all for show. They are being SEEN to be doing something, whereas in reality as you say it will probably force prices down further. Anyway, why buy now and save 1% of the price when deflation of housing prices means that you'll save the same amount or more by just waiting to buy for a month or two? If they really wanted to stimulate the market back to a frenzy (as they seem to want to), then they should have said that stamp duty will be doubling in six months' time - that would get the market moving, though I wouldn't want to see the mess after! :rolleyes:0 -
How does this help me sell my property....
It doesn't. In fact, it almost certainly makes it harder....much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
Mr Darling has refused to approve a suspension of stamp duty for the cheapest houses, amid continuing tensions with No 10 over the extent of the package.
Ooh, he'll be angry now.poppy100 -
banks will love that one, the government gets 1st call on 30% of purchase price, the remainder might drop by 30% so even with a deposit their risk is substantially higher.
Good question - does the bank get to make the first charge on the property or the government...? If it's the bank then the banks will love it - the government agreeing to absorb the first 30k of negative equity.Bankruptcy isn't the worst that can happen to you. The worst that can happen is your forced to live the rest of your life in abject poverty trying to repay the debts.0
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