£250K stamp duty and impact on market

GDB2222

I sympathise Catscribe. The change was really badly organised.

indierocker85

Old_Git wrote: »

surely this is just pie in the sky .This budget may never take off ,there has to be a election and the next government may not be labour .

Well, the tories claimed that Darling "blatantly stole a Tory policy" so if they stick to their word, then this should be a policy we receive regardless, right?

sandraa_2

googler wrote: »

Down my way, the idea of properties around £250k being in FTB territory is virtually science fiction.

FTBs are likely to buying 1-bed flats at £90k - £110k, or 2-beds up to £150k or so.... IMHO

Some people really need a reality check!

Good luck in finding a 2 bed flat for £150k in the South of England!

Some FTBs instead of jumping on the property ladder as soon as possible wait until they have a better salary and a bigger deposit to buy 2 or 3 bedrooms house... at about £250k!

THERE ARE PLENTY OF US ON THIS WEBSITE!!!!

Doctor_Gloom

Old_Git wrote: »

surely this is just pie in the sky .This budget may never take off ,there has to be a election and the next government may not be labour .

This was a Tory policy originally so it won't change if they do get elected.

Radsteral

sandraa wrote: »

Some people really need a reality check!

Good luck in finding a 2 bed flat for £150k in the South of England!

Some FTBs instead of jumping on the property ladder as soon as possible wait until they have a better salary and a bigger deposit to buy 2 or 3 bedrooms house... at about £250k!

THERE ARE PLENTY OF US ON THIS WEBSITE!!!!

true.
I couldnt see myself buying a 1 bed, then sell and buy a 2 bed when we have a baby, then sell again as baby grows .. kinda like changing cars from a porsche(just maried) to audi A4(married with a child to a vw sharan married with endles children)


its a 3 bed that we just bought now as a ftb , bit hard to fill it in with furniture since we didnt have any but thats not a big problem

twisty

Well I am at the start of the process of selling my flat and buying a new one. So, whilst the SD holiday will not directly save me money, I am hoping it will save me from being pegged back to <£125k on the flat I am selling (asking price is just over £130k)

googler

sandraa wrote: »

Some people really need a reality check!

Good luck in finding a 2 bed flat for £150k in the South of England!

..... THERE ARE PLENTY OF US ON THIS WEBSITE!!!!

Maybe you're the one who needs a reality check, and should re-title the thread

"How stamp duty will affect the market (in the South of England)"

There's plenty of people IN THIS NATION who would find a standard starter 2-bed flat at around £250k to be unimaginable.....

Arthritic_Toe

The stamp duty cut tends to benefit the seller, rather than the buyer. The ftb market is limited by mortgage availability. If they now have an additional 1% on their spending power, selling prices instantly adjust to absorb this. Result: the stamp duty cut (our money) goes into the pockets of Barratt and Wimpey - not the first time buyers.

sandraa_2

Arthritic_Toe wrote: »

The stamp duty cut tends to benefit the seller, rather than the buyer. The ftb market is limited by mortgage availability. If they now have an additional 1% on their spending power, selling prices instantly adjust to absorb this. Result: the stamp duty cut (our money) goes into the pockets of Barratt and Wimpey - not the first time buyers.

NOT TRUE FOR EVERYONE.

I am a FTB completing tomorrow and will benefit from the stamp duty cost. Luckyyyy me!

Of course I am speaking just for myself... but, I can't complain about that, can I???

sandraa_2

googler wrote: »

Maybe you're the one who needs a reality check, and should re-title the thread

"How stamp duty will affect the market (in the South of England)"

There's plenty of people IN THIS NATION who would find a standard starter 2-bed flat at around £250k to be unimaginable.....

READ AGAIN MY LAST POST! I said a 2/3 bed HOUSE!!!

AND I never said that the South of England was dictating the way the market would go...

I was just making a point that there are plenty of people out there that are FTBs and are buying properties over £200000!

Now before you reply, read this message twice.