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Stamp Duty after Exchange
Random_Mike
Posts: 5 Forumite
I'm a first-time buyer, we paid £1560 in stamp duty (1%) 4 weeks ago when we exchanged along with solictor fees etc getting ready for completion.
We complete next Thursday (April fools day) 1st April would we be entitled to getting the stamp duty back of the solicitor as there is no stamp duty under 250,000 for first time buyers as from midnight tonight?
We complete next Thursday (April fools day) 1st April would we be entitled to getting the stamp duty back of the solicitor as there is no stamp duty under 250,000 for first time buyers as from midnight tonight?
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Comments
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Yes, you would, subject to "we" both being FTBs - defined as "never having owned a property", rather than the normal Lender definition of "not owned recently".Act in haste, repent at leisure.
dunstonh wrote:Its a serious financial transaction and one of the biggest things you will ever buy. So, stop treating it like buying an ipod.0 -
We are both first time buyers0
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Yes subject to you qualifying.
I have a client completing to day and buying for £250,000. He has already given me the money to complete so tonight I will be sending him a cheque for £2,500.RICHARD WEBSTER
As a retired conveyancing solicitor I believe the information given in the post to be useful assuming any properties concerned are in England/Wales but I accept no liability for it.0
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