Paying stamp duty

Greggy

Idiophreak wrote: »

We're going through the same thing at the moment...good affordability, just a squeeze in the short term. (albeit with rather smaller numbers!)

Called our bank, they authorised an overdraft on our current account to cover the stamp duty...no credit check needed. Sorted. Will just clear the overdraft in the next couple of months. (worst come to worst, we'll take a loan to cover it once we're all moved in etc)

Ahhhhh, that could be just the thing to crack it for us! We hadn't considered this as our current overdraft facilities wouldn't cover it, but an extension for both of us would probably get us there.

Thanks so much again!
Greggy

ethank

Do the lender know its a new build property, you may find they will reduce the offer when they find out.

Greggy

ethank wrote: »

Do the lender know its a new build property, you may find they will reduce the offer when they find out.

Hi ethank,

I think they are aware. A mortgage advisor who knows this proprty has targeted that lender, but I will double check this. Thanks for the suggestion.

Greggy