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£53k Increase in Stamp Duty For Me

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Comments

  • pinkteapot
    pinkteapot Posts: 8,044 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    tonyinessex wrote: »
    Clearly this is going to have a negative effect on £2m houses, but by how much on average?

    £53k?

    Aka 2.6% of the price.

    I did read that an overseas buyer of a £20m house in London flew in yesterday after the announcement to exchange and save himself £400k.
  • leveller2911
    leveller2911 Posts: 8,061 Forumite
    mjoneseyjones wrote: »
    When is the London property crash coming brit?

    To be fair to Brit they never expected the current Government to prop up the housing market with HTB etc and making people eligible for the schemes on houses costing up to £600k would have infulenced the housing market ,even in London..

    Hands up those who predicted a British Government would prop up the housing market.......................

    Anyone?........... No? thought not.;)
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    leveller2911 wrote: »
    To be fair to Brit they never expected the current Government to prop up the housing market with HTB etc and making people eligible for the schemes on houses costing up to £600k would have infulenced the housing market ,even in London..

    Hands up those who predicted a British Government would prop up the housing market.......................

    Anyone?........... No? thought not.;)

    0.6% of house purchases involving a mortgage in London use HTB and there are a large number of cash purchases.
  • mjoneseyjones
    mjoneseyjones Posts: 162 Forumite
    leveller2911 wrote: »
    To be fair to Brit they never expected the current Government to prop up the housing market with HTB etc and making people eligible for the schemes on houses costing up to £600k would have infulenced the housing market ,even in London..

    Hands up those who predicted a British Government would prop up the housing market.......................

    Anyone?........... No? thought not.;)



    I'm having a bit of a giggle at the notion of help to buy having any effect on the London market
  • tonyinessex
    tonyinessex Posts: 518 Forumite
    Lol I didn't ask for sympathy I asked for your opinion on what this would do to the value of houses around the £2m mark.
  • tonyinessex
    tonyinessex Posts: 518 Forumite
    theartfullodger wrote: »
    Ah, the undeserving rich..

    Why am I undeserving?
    I am putting £153k of my own money into the UK system. I could easily move and buy abroad..
  • mjoneseyjones
    mjoneseyjones Posts: 162 Forumite
    theartfullodger wrote: »
    Ah, the undeserving rich..



    Hark at the bloke who made a fortune as a BTL landlord giving it the big one about the rich
  • suicidebob
    suicidebob Posts: 771 Forumite
    tonyinessex wrote: »
    Why am I undeserving?
    I am putting £153k of my own money into the UK system. I could easily move and buy abroad..

    So you're putting money in that you've previously taken out?

    That's called zero-sum.
  • tonyinessex
    tonyinessex Posts: 518 Forumite
    Taken out of where? I am pretty sure I put in more than the average person.
    But I'm not debating that, I am asking what the changes are going to do to house prices.
  • tonyinessex
    tonyinessex Posts: 518 Forumite
    Also I am not debating the fairness of the changes or saying it is unfair, just that it's a shock to be hit with a 53% increase 2 weeks before I was going to buy.
This discussion has been closed.
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