Complete on 1 April delayed got to pay stamp duty

adonis10

Bluebirdman_of_Alcathays wrote: »

This government has a mandate to squeeze people that own more than one property (I don't personally agree but such is life). Why be so precious when you encounter a member of the public that endorses this policy?

They're not really squeezing everyone who owns more than one though, are they?

How exactly are wealthy people with, say, 5+ mortgage free properties being squeezed? Mortgage interest relief withdrawal doesn't affect them, neither does the SDLT grab on further properties (assuming they don't buy more)..

danslenoir

adonis10 wrote: »

Why so bitter towards someone trying to make their(presumably) already squeezed and heavily taxed income go a bit further? Perhaps he doesn't trust pensions, the stock market etc. so wants his extra cash in property.

People buying property as a financial instrument from which to make profit, rather than a home to live in, is why the housing market in this country is so distorted.

Just sayin'

Dan-Dan

adonis10 wrote: »

Why so bitter towards someone trying to make their(presumably) already squeezed and heavily taxed income go a bit further? Perhaps he doesn't trust pensions, the stock market etc. so wants his extra cash in property.

Your having a laugh

I hope he gets stung for as much SD as possible

adonis10

Dan-Dan wrote: »

Your having a laugh

I hope he gets stung for as much SD as possible

Why?

Where do you put your money? Into a pension, taking advantage of the generous tax relief available? I bet there is no such animosity towards you for doing so (assuming you do).

mrginge

adonis10 wrote: »

Why?

Where do you put your money? Into a pension, taking advantage of the generous tax relief available? I bet there is no such animosity towards you for doing so (assuming you do).

Dan-Dan dumping so much into his pension is the main reason for the deficit and resulting austerity.
it's only fair that LL's contribute the extra SD so he can retire to that 3000 acre estate in Monaco.

densol_2

theartfullodger wrote: »

Paying the tax validly due is the duty of all patriotic citizens & should be something people are happy - nay, proud - of doing, rather than scrabbling around under damp stones finding ways of fiddling out of it.

Jeez ! I'm sure I read this site was called Money SAVING expert !

chipsdog

OK - we accept we have to pay the higher tax, however, the builders have agreed to reduce the price by the £5k stamp duty, very generous offer. The problem we face now is the financial advisor is saying we don't have to pay it, I know he is wrong, but, we need him on side.


We need to get the mortgage offer reduced by £5k and he is saying we will need to apply again and it will be better to use a different lender as this lender will think it is odd we have got the price reduced! !!!!!!


Anyway the question is - is it easy to get the lender to prepare a new offer with £5k less or do we need to re-apply which will take even more time.

chappers

Can't see why they would care, it's not as if your that near to completing, they may charge a fee however.

Bluebirdman_of_Alcathays

chipsdog wrote: »

OK - we accept we have to pay the higher tax, however, the builders have agreed to reduce the price by the £5k stamp duty, very generous offer. The problem we face now is the financial advisor is saying we don't have to pay it, I know he is wrong, but, we need him on side.


We need to get the mortgage offer reduced by £5k and he is saying we will need to apply again and it will be better to use a different lender as this lender will think it is odd we have got the price reduced! !!!!!!


Anyway the question is - is it easy to get the lender to prepare a new offer with £5k less or do we need to re-apply which will take even more time.

Time for a new advisor I think.

theGrinch

I suspect Osborne will see his folly and soften the 3% come the budget but thats an educated guess rather than certainty