New higher stamp duty for BTL/second homes

chucknorris

adr0ck wrote: »

Most other places and your buying a mansion

That's why I was very specific about location.

adr0ck

chucknorris wrote: »

That's why I was very specific.

theres a whole world outside London

chucknorris

adr0ck wrote: »

theres a whole world outside London

I know, I'm originally from Newcastle, and I have also lived in both Germany and Holland.

Generali

adr0ck wrote: »

theres a whole world outside London

Actually there's most of a world outside of London. London obviously isn't part of the world outside London.

adr0ck

Generali / chucknorris

your both crying over an increase to 15% from 12% on stamp duty for the portion above £1.5 million on the purchase price for properties which will be rented out

people buying say a £1,750,000 house to rent out not afford the extra £7,500?

i hate to say it but it sounds like you've both become far removed from the average person (or maybe you always were)

chucknorris

adr0ck wrote: »

Generali / chucknorris

your both crying over an increase to 15% from 12% on stamp duty for the portion above £1.5 million on the purchase price for properties which will be rented out

people buying say a £1,750,000 house to rent out not afford the extra £7,500?

I'm not crying (or complaining), merely commenting, in fact, I was downplaying the amount of stamp duty payable. In any case, I don't think it is very likely that we would spend as much as £1.5m on a house, we actually had that conversation last weekend when we discussed whether we should view this:

http://www.rightmove.co.uk/property-for-sale/property-50520469.html?premiumA=true

and that was to live in (not paying the additional 3%, we concluded that after we retire we should probably try and get something of the same quality/size etc. a bit further out (i.e. not so much of a commuter town) for not much more than £1m. It isn't just the stamp duty, its also the labour Gov lurking with their mansion tax, not to mention the council tax.

adr0ck

chucknorris wrote: »

I'm not crying (or complaining), merely commenting, I don't think it is very likely that we would spend as much as £1.5m on a house, we actually had that conversation last weekend when we discussed whether we should view this:

http://www.rightmove.co.uk/property-for-sale/property-50520469.html?premiumA=true

We concluded that after we retire we should probably try and get something of the same quality/size etc. a bit further out (i.e. not so much of a commuter town) for not much more than £1m. It isn't just the stamp duty, its also the labour Gov lurking with their mansion tax, not to mention the council tax.

thats a lovely looking house

i'm not trying to have a go (though it may sound like i am) as i am sure that you have worked hard to put yourself in that position in life

but the majority of people (probably about 95% of the population) could only dream of owning a house like that if they won the lottery

but it does kinda prove my point that you are a bit far removed from the average joe

chucknorris

adr0ck wrote: »

thats a lovely looking house

i'm not trying to have a go (though it may sound like i am) as i am sure that you have worked hard to put yourself in that position in life

but the majority of people (probably about 95% of the population) could only dream of owning a house like that if they won the lottery

but it does kinda prove my point that you are a bit far removed from the average joe

Just because I have money it doesn't mean that I live in another world, beyond being able to afford certain things. In fact, as I said above, we concluded that it didn't represent value (to us) not because of the price tag, but for the other fees/costs (both existing and potential) associated with it.

Generali

adr0ck wrote: »

Generali / chucknorris

your both crying over an increase to 15% from 12% on stamp duty for the portion above £1.5 million on the purchase price for properties which will be rented out

people buying say a £1,750,000 house to rent out not afford the extra £7,500?

i hate to say it but it sounds like you've both become far removed from the average person (or maybe you always were)

I'm not crying either. I don't live in the UK and my chances of buying a house there are vanishingly small.

chucknorris

Generali wrote: »

I'm not crying either. I don't live in the UK and my chances of buying a house there are vanishingly small.

I suppose with you having family out there, the chances of coming back once your children reach a certain age gets much slimmer.