The Broker Blues Thread

kingstreet

Changing the subject briefly, got two possible reservations tomorrow in excess of £700k.

Both are going to be classed as second properties and the SDLT is £47,200 in each case.

Ouch!

amnblog

Senior_Paper_Monitor wrote: »

We use mini (19mm) foldback clips by the gross in place of staples until the file is closed at compliance checking stage - all the clips then returned to the communal icecream tub in the middle of the office for re-use.

ACG - write her a stern memo ... and staple it to her forehead !

We are now using plastic wallets and she is on a new career.

kingstreet

Happy Christmas, all.

Senior_Paper_Monitor

.... and to you Mr Kingstreet. (and the other industry chaps and chappeses who frequent these pages).

Just finished the emails, system update etc and have a clear conscience in taking tomorrow off !

I have a two week schedule of IT stuff to do setting up the revised back office, new websites and supporting documentation off for MCD and the move to Limited Company (long overdue) at the end of March starting on Boxing day.

Quite looking forward to it while colleagues look after enquiries/clients/cases/lenders etc while I hide in a dark room !

Senior_Paper_Monitor

My last inbound email of the evening - an online client reference ...

"I am so delighted we found TRADING NAME - PROPRIETOR and all her team helped my partner and I through the process of buying our first house brilliantly. They were all friendly, efficient, knowledgeable, and explained everything to us step by step, but above all they made us feel they were always on our side to make sure they got the best for us. A truly excellent service".

Rating: PROFESSIONALISM - 2 out of 5 !!!!!!!!!!!!!!

ACG

Your taking tomorrow off? Pfft! Part timer! That will be why you lost 3 marks on the professionalism :P

Im off too for a beverage or 2 before Santa drops by.

kingstreet

Newbuild purchase app submitted to Leeds on Monday, 4 Jan.

Offered today.

Some of their pedantry and inability to see there were no transactions on a bank statement between a couple of dates gets a bit wearing, but you can't really complain about the turnaround.

betmunch

That's amazing for them. I've noticed the responses from them are very quick but still asking silly questions or irrelevant documents.

They declined a fantastic BTL case at the end of last year forcing me to use Woolwich, that's going to take a while to be forgiven!!!

amnblog

Like being married. You have to forgive them cos eventually you've got to live with them.

kingstreet

Married couple.

She owns the main residence in her sole name.

He owns a BTL.

They want to sell the main residence and buy a joint main residence, keeping the BTL as it is.

I've told them as they will complete after 1 April and he is increasing his portfolio from 1 to 2, the SDLT surcharge will be payable.

Explained to them we cannot advise them formally, but to speak to a solicitor. Solicitor has told them as they are selling their main residence and buying a new one, the surcharge doesn't apply.

I'm looking at this again;-

Example 19:

B and C are purchasing a property together. This will be B’s first property, but C owns another property that she is not selling. For C, this will be an additional property as, at the end of the day of the transaction, she will own two properties and is not replacing a main residence. Therefore, the higher rates of SDLT will apply.

and I can't see how the solicitor has come to this conclusion, unless the client failed to tell them one of the clients does not currently own the main residence.

Have they seen something I've missed and it really doesn't apply?