items included in sale

lydriver

was looking at a property that had furniture but the furniture is not included in the sale
the estate agent said that it could be negotiated (think thats what was said) if you wanted the couch etc

what's the normal way of doing that? offer more for the total sale or an extra payment?

I will ask the Estate Agent but just want some advice so I have an idea

this is is in Scotland btw

Clutterfree

Usually you'd do it via a separate negotiation and pay that way.
If you add it to the actual house sale amount then you'd end up paying stamp duty (or whatever the equivalent is called in Scotland!) on the extras too so would cost you more.

AnotherJoe

IME cash or cheque to the vendor.

googler

Check with your solicitor (this is what you'll be paying them for), but I reckon he/she can tender your written offer in the form of apportioning;

£X in respect of the 'heritable interest' in the property (subject to LBTT etc)

£X in respect of specified movables (not subject to LBTT)

This way, it's written into the terms of sale, and you have comeback if you've paid for something that the current owners take with them. Likewise, this guarantees that the seller will actually get their money, and you won't pass them a dud cheque.

You'll probably have to lodge cash with the solicitor to cover the pre-determined amount for the movables in advance of the entry date, since this won't be coming from your mortgage lender.

davidmcn

Clutterfree wrote: »

Usually you'd do it via a separate negotiation and pay that way.
If you add it to the actual house sale amount then you'd end up paying stamp duty (or whatever the equivalent is called in Scotland!) on the extras too so would cost you more.

No, you don't pay SDLT/LBTT on these extras - in Scotland you'd normally apportion the price in the contract between the moveable items and the house itself (assuming the furniture etc is worth enough to make that worthwhile).

Up to you whether you just come up with an all-inclusive price, or agree a price for the house and something extra for the furniture. Bear in mind you're often doing them a favour by taking things off their hands, so don't offer too much!

mrginge

Clutterfree wrote: »

Usually you'd do it via a separate negotiation and pay that way.
If you add it to the actual house sale amount then you'd end up paying stamp duty (or whatever the equivalent is called in Scotland!) on the extras too so would cost you more.

Stamp duty is not paid on chattels.

elverson

You can still pay for these items on completion via your solicitor/factor - they should go as a separate line on the statement so it's clear that they are not part of the property price.