We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
The MSE Forum Team would like to wish you all a Merry Christmas. However, we know this time of year can be difficult for some. If you're struggling during the festive period, here's a list of organisations that might be able to help
📨 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!
Has MSE helped you to save or reclaim money this year? Share your 2025 MoneySaving success stories!
HTB Query
badaz52
Posts: 255 Forumite
Hi all,
I know this has been asked many times but I am not sure of the way the cash incentives part of the HTB - EL works.
I am currently looking at a house that is listed at 285k. I have 145k deposit and I am looking for a reduction in list price + stamp duty and flooring throughout. Would this be do-able or would it be refused? what does the cash incentives actually mean?
I just want to make sure that a) I have all of my information accurate before I start negotiating and b) the builder cannot try to baffle me with science.
Many thanks,
I know this has been asked many times but I am not sure of the way the cash incentives part of the HTB - EL works.
I am currently looking at a house that is listed at 285k. I have 145k deposit and I am looking for a reduction in list price + stamp duty and flooring throughout. Would this be do-able or would it be refused? what does the cash incentives actually mean?
I just want to make sure that a) I have all of my information accurate before I start negotiating and b) the builder cannot try to baffle me with science.
Many thanks,
0
Comments
-
Cash incentives are things given to you which are not a price reduction.
Knocking £5k off the price is a price reduction/discount not a cash incentive.
Paying £5k SDLT for you is a cash incentive.
Be careful as lender policy on cash incentives varies widely.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
- 352.9K Banking & Borrowing
- 253.9K Reduce Debt & Boost Income
- 454.7K Spending & Discounts
- 246K Work, Benefits & Business
- 602.1K Mortgages, Homes & Bills
- 177.8K Life & Family
- 259.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards