Taylor Wimpey Question

Jessica29

This is on behalf of a friend who is looking to buy a HTB house with Taylor Wimpey.

The house is on at £247,500, but when they went up to the Taylor Wimpey office to discuss they were told they had to pay £8,000 on top of this 'separately' to pay for the kitchen and bathrooms (2 x bathroom, 1 x ensuite and 1x WC) otherwise it won't come with either!

I know TW's reasoning behind this will be to advertise it as below the stamp duty threshold, but surely a house without a kitchen and bathroom is unmortgageable if they don't have £8,000 lying about to pay for it now?

All advice welcome.

Relocationrelocation

That sounds fairly dodgy! Before moving in to my current new build home, my partner and looked at loads - maybe 30 houses with most of the major developers and I have never come across this before. For me personally, if a company was trying to employ these type of tactics this early upfront I would be highly suspicious...

Tancred

Jessica29 wrote: »

This is on behalf of a friend who is looking to buy a HTB house with Taylor Wimpey.

The house is on at £247,500, but when they went up to the Taylor Wimpey office to discuss they were told they had to pay £8,000 on top of this 'separately' to pay for the kitchen and bathrooms (2 x bathroom, 1 x ensuite and 1x WC) otherwise it won't come with either!

I know TW's reasoning behind this will be to advertise it as below the stamp duty threshold, but surely a house without a kitchen and bathroom is unmortgageable if they don't have £8,000 lying about to pay for it now?

All advice welcome.

Let's look at it this way - if the property was priced at £255,500 then your friend would have to pay £7,665 of SDLT in addition, making £263,165. This way, the total cost including SDLT is kept down to £257,975. That's over £5k of savings - this is the bottom line. If they don't have the £8k then they can walk away or pay the higher price - simple enough.