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stamp duty and 2014 budget
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Halifax is relaunching the stamp duty cashback products on 125k to 250k purchases for FTBs again from today.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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I do hope something happens around the £250K level, we are looking up to that and in our area it really doesn't buy you a great deal. We are not first time buyers though, just trying to get a bigger home for our growing family.0
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Moving more into "debate house prices" territory but surely if the £250,000 threshold was moved to say, £300,000 then prices would simply move up. People would save £5000 in stamp duty on a £250,001 house. This would be picked up on straight away by sellers and estate agents. The effect of leverage in mortgage products would likely mean that the prices of houses around that mark would then rise by much more than £5000, leaving you relatively out of pocket if you don't get in quickly.0
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I think you're right that the 250k step does have an effect on prices at that level. If it was moved to 275k or 300k, asking prices would just jump to that level.0
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If this happens, I won't know whether to laugh or cry. Just exchanged at 259,950 after a slight war, and am due to complete 3 days before the Budget...
very similar story , moved in october...
not sure whether to be annoyed with paying almost 10 grand of SDLT or happy that the 250k black hole won't exist when we come to sell
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If this happens, I won't know whether to laugh or cry. Just exchanged at 259,950 after a slight war, and am due to complete 3 days before the Budget...
I didn't know that properties sold at this level, I thought that there was a jump from £250k to £270k.
Hope you got a bargain.
:T0
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