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Are People Sad Enough To Fall For The Stamp Duty Con

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Comments

  • poppy_f1
    poppy_f1 Posts: 2,637 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    i think as a ftb it has potentially opened me up to more houses, if i saw a house on for or around the previous stamp duty level ie 130k i would have the SD at the back of my mind so wont go above 125k as an offer so now since it has been scrapped for ftb i can now look at houses above 125 up to my budget
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    mitchaa wrote: »
    I'm getting confused with this FTB criteria

    Does that mean someone buying a house who is not a FTB subject to stamp duty the same as before?

    In a word, yes.
  • ninky_2
    ninky_2 Posts: 5,872 Forumite
    but do they mean those who don't currently own property or those who have never owned property by ftb? and what about those who have or do own property overseas?
    Those who will not reason, are bigots, those who cannot, are fools, and those who dare not, are slaves. - Lord Byron
  • doire_2
    doire_2 Posts: 2,280 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    poppy_f1 wrote: »
    i think as a ftb it has potentially opened me up to more houses, if i saw a house on for or around the previous stamp duty level ie 130k i would have the SD at the back of my mind so wont go above 125k as an offer so now since it has been scrapped for ftb i can now look at houses above 125 up to my budget

    Lets hope the sellers dont know you're a FTB. You have a bit more money in your pocket now. Would they add the £1250 onto the asking price?
  • mitchaa
    mitchaa Posts: 4,487 Forumite
    What about those who have sold a property, moved into parents or rental for a short period and then are planning on rebuying in the near future?

    Are they classed as FTB's?
  • ninky_2
    ninky_2 Posts: 5,872 Forumite
    doire wrote: »
    Lets hope the sellers dont know you're a FTB. You have a bit more money in your pocket now. Would they add the £1250 onto the asking price?

    no. because although this has been presented as a help for ftbs it's really a help to the housing market (sellers) who would otherwise struggle to sell their property. so if they did this they'd be negating this small bit of help the government has given to prevent total stagnation and drop i prices.
    Those who will not reason, are bigots, those who cannot, are fools, and those who dare not, are slaves. - Lord Byron
  • tara747
    tara747 Posts: 10,238 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    doire wrote: »
    The point i am trying to make is that prices are still way too high. Labour is no doubt hoping this little con will cloud peoples judgement and make them buy that overpriced house.

    Buy a house overpriced by tens of thousands of pounds but save 2 grand in the short term

    Exactly.

    Are you in NI by the way doire?
    mitchaa wrote: »
    I'm getting confused with this FTB criteria

    Does that mean someone buying a house who is not a FTB subject to stamp duty the same as before?
    mitchaa wrote: »
    What about those who have sold a property, moved into parents or rental for a short period and then are planning on rebuying in the near future?

    Are they classed as FTB's?

    No.

    http://www.hmrc.gov.uk/budget2010/sdlt-qa-tech-1545.pdf
    Get to 119lbs! 1/2/09: 135.6lbs 1/5/11: 145.8lbs 30/3/13 150lbs 22/2/14 137lbs 2/6/14 128lbs 29/8/14 124lbs 2/6/17 126lbs
    Save £180,000 by 31 Dec 2020! 2011: £54,342 * 2012: £62,200 * 2013: £74,127 * 2014: £84,839 * 2015: £95,207 * 2016: £109,122 * 2017: £121,733 * 2018: £136,565 * 2019: £161,957 * 2020: £197,685
    eBay sales - £4,559.89 Cashback - £2,309.73
  • tara747
    tara747 Posts: 10,238 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    ninky wrote: »
    no. because although this has been presented as a help for ftbs it's really a help to the housing market (sellers) who would otherwise struggle to sell their property. so if they did this they'd be negating this small bit of help the government has given to prevent total stagnation and drop i prices.

    Thank goodness for propertybee eh? ;)
    Get to 119lbs! 1/2/09: 135.6lbs 1/5/11: 145.8lbs 30/3/13 150lbs 22/2/14 137lbs 2/6/14 128lbs 29/8/14 124lbs 2/6/17 126lbs
    Save £180,000 by 31 Dec 2020! 2011: £54,342 * 2012: £62,200 * 2013: £74,127 * 2014: £84,839 * 2015: £95,207 * 2016: £109,122 * 2017: £121,733 * 2018: £136,565 * 2019: £161,957 * 2020: £197,685
    eBay sales - £4,559.89 Cashback - £2,309.73
  • doire_2
    doire_2 Posts: 2,280 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    tara747 wrote: »
    Exactly.

    Are you in NI by the way doire?





    Yes i am. Why?
  • Bonia77
    Bonia77 Posts: 83 Forumite
    mitchaa wrote: »
    What about those who have sold a property, moved into parents or rental for a short period and then are planning on rebuying in the near future?

    Are they classed as FTB's?

    No, so makes the poool of people benefiting from this quite small :rotfl:
This discussion has been closed.
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