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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
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