No stamp duty <£250k

sarah_elton

BigJonnyB wrote: »

As others have pointed out, the land registry defines someone as a FTB if they haven't owned for 6 months.

So, for the Land Reg figures we'll count as FTBs and will be counted in the number of FTBs that Darling subsequently claims to have helped with this measure. But it looks like we'll still be paying the tax. :mad:

tomterm8

I think it means, if you haven't bought before. Not the same definition as the market.

bo_drinker

sarah_elton wrote: »

So, for the Land Reg figures we'll count as FTBs and will be counted in the number of FTBs that Darling subsequently claims to have helped with this measure. But it looks like we'll still be paying the tax. :mad:

Looks that way ? :mad:

tara747

Bonia77 wrote: »

I'm not sure about this...

I think that you end up with people treating their house as home not a cash cow.

And how often do you really need to move? If you buy at the beginning a house that is suffecient for your family, you hardly ever need to move.

Um... they could rent? Lots of people do so in other European countries.

sarah_elton wrote: »

Aspiration? Able to afford something with more space?

My parents technically could have brought up my brother and I in the two bed terrace they first owned when married (best they could afford at the time). But they went through a couple of three bed homes then a four bed. And that was nothing to do with making money - it was about having a home. The nicest home (in their eyes) that they could.

I don't know anyone who has stayed in the very first house they bought together. My OH's parents have been in their house for 30 years but it was still the second or third place they had.

My parents built a 4-bedroom detached house with a large garden when they married in the 1970s and never moved (my mum is now widowed and still lives there). I love that house... it is our family history, our names are in the stone on the path at the end of the garden, they planted almost all of the trees and we've watched them grow. How lovely to have that, I hope OH and I do the same.

tara747

So it's to last (at least) a year from tonight? Where will prices be a year from now I wonder? The potential saving is a lot more than a couple of K.

lostinrates

What about first time in UK buyers? Not that I am one, just wondering.

poppy_f1

guess the main questions are what they will define as a FTB and how they will check

lostinrates

tara747 wrote: »

... it is our family history, our names are in the stone on the path at the end of the garden, they planted almost all of the trees and we've watched them grow. How lovely to have that, I hope OH and I do the same.

I think thats lovely for your kids too, to see things that there mum saw when growing up....its part of knowing where your are from. My parents didn't do that though.
OTOH< DH and his siblings found the sale of their mother's place almost traumatic, because it was sucha huge part of them...

tara747

lostinrates wrote: »

I think thats lovely for your kids too, to see things that there mum saw when growing up....its part of knowing where your are from. My parents didn't do that though.
OTOH< DH and his siblings found the sale of their mother's place almost traumatic, because it was sucha huge part of them...

I know, if she passed away I don't think I could ever sell it.

phil_b_2

Surely a first-time-buyer is someone who hasnt bought a house before... who is buying... for the first time...

The government get moaned at about how hard it is for people to get on the property ladder now and how FTB's can struggle. They give FTB's some money off and it's a whole other portion of the public that moan.

Who'd want to be part of the government??!?

I'm sure there will be at least one loophole to exploit if you arent quite an FTB though.