We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Can I include Stamp Duty in mortgage
Options
Comments
-
Hoggy1983x wrote: »To clarify further...it's a new build flat whereby I cannot go lower than 85% LTV. It is £365k. With SD it's £373.25k. My question is can I possibly proceed with a deposit of 15% of £373.25k? (£56k).
I've looked at the money saving site stamp duty section which states people do this at times. I was hoping to see if anyone has done this and which lenders?
I appreciate all answers so far so thanksI 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 -
Hoggy1983x wrote: »To clarify further...it's a new build flat whereby I cannot go lower than 85% LTV
There are two lenders which lend on HTB Mortgage Guarantee on newbuild flats, upto 95%.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 -
Appreciate the info all. I think I may be snookered then and won't proceed. Will get final confirmation from HSBC0
-
Thanks but I have specific property in mind that isn't under HTB. Although I'd be really interested in the lenders names to evaluate if they look at 90% LTV on new build flats0
-
this is the money the government shake you down for and as there is no intrinsic retained value lenders will not lend on it."enough is a feast"...old Buddist proverb0
-
Hoggy1983x wrote: »Thanks but I have specific property in mind that isn't under HTB. Although I'd be really interested in the lenders names to evaluate if they look at 90% LTV on new build flats
I'm talking about HTB Mortgage Guarantee, as I said. It's a mortgage upto 95%, no loan. It requires nothing from the builder, no forms, no registration, nothing.
Two lenders (I am not prepared to name, research yourself or consult an independent broker) will lend upto 95% on newbuild flats.
I'm a newbuild mortgage specialist, I do this stuff all day every day.
Depending on builder size, I can think of one lender which might offer 90% on a newbuild flat outside the HTB MG scheme. For a smaller builder, none.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
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.9K Work, Benefits & Business
- 598.8K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards