We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
New buy Scheme
rnr79
Posts: 14 Forumite
Guys...
I have been recently looking for a 2B flat around london and was thinking that the new buy scheme is good but when i started looking around found some intersting details : -
- If you buy under new buy scheme, the asking price is more than the price if some one is buying with say for example 20% deposit.
- Developers contribute about 5% depoist if you have 15% or more deposit
- Soemtimes they do stamp duty waiver with big deposit buyers
- It seems that developers give extra gifts/benefits to the people who have bigger deposit
I think this is really unfair...its the people with less deposit are in need to benefits but they have to pay more overall (higher asking price , higher interest rate).
Any ideas? is it better to keep saving and buy when you have more than 15% deposit?
thanks
I have been recently looking for a 2B flat around london and was thinking that the new buy scheme is good but when i started looking around found some intersting details : -
- If you buy under new buy scheme, the asking price is more than the price if some one is buying with say for example 20% deposit.
- Developers contribute about 5% depoist if you have 15% or more deposit
- Soemtimes they do stamp duty waiver with big deposit buyers
- It seems that developers give extra gifts/benefits to the people who have bigger deposit
I think this is really unfair...its the people with less deposit are in need to benefits but they have to pay more overall (higher asking price , higher interest rate).
Any ideas? is it better to keep saving and buy when you have more than 15% deposit?
thanks
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604.1K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards