The NEW waiting to exchange thread...

Newdrake88

Antman27 said:

Newdrake88 said:

EndlessStruggle said:

There are so many articles out there giving so many different answers on it!

I used the government calculator and got the same figure by putting the sale date as before and after the 30th but who knows! 

I really thought it was 0 up to 300k etc. but I'm doubting myself after reading three articles that said otherwise.

It is 0% up to 300k and 5% after up to 500k 

don’t doubt yourself 😂

https://www.gov.uk/stamp-duty-land-tax/residential-property-rates 

Govt. website says 0% up to £250k and 5% up to £925k till 30th September.

Yes that is the stamp duty ‘holiday’ if you are a first time buyer then the ‘holiday’ doesn’t apply
 

PlumLuck

Antman27 said:

https://www.gov.uk/stamp-duty-land-tax/residential-property-rates 

Govt. website says 0% up to £250k and 5% up to £925k till 30th September.

Scroll down a bit further to where it says 'If you're buying your first home'.

Antman27

PlumLuck said:

Antman27 said:

https://www.gov.uk/stamp-duty-land-tax/residential-property-rates 

Govt. website says 0% up to £250k and 5% up to £925k till 30th September.

Scroll down a bit further to where it says 'If you're buying your first home'.

Ah thanks. The property is over £500k so doesn't apply. If I manage to complete by the 30th I could save 2% on an additional £125k, so will save £2.5k. 

Rincewindcl

AFF8879 said:

Finally exchanged on my new build house today, so excited! Sold my tiny flat in London in July to embark on a new life in the Hampshire countryside, we are hybrid working right now so hopefully we won’t ever have a go back to 5x a week in the office again but I chose a village with a direct train to Waterloo just in case.

I don’t think I’ve ever had a glass of wine on a Monday night before but I’ll make an exception tonight, here’s to rural living 🥳🍾

Congratulations, and welcome to Hampshire!

scottie21

So our vendor is apparently quite upset that the spray foam insulation he was told would improve his home is actually detrimental and knocking value down, so we are waiting to hear about our reduced offer. It’s the stamp duty deadline in 16 days, and we’ll need to adjust our mortgage application, so it’s all starting to get a bit nail biting 😬😬😬 we are packing anyway, just hope we can get a date soon, and get a removal company, if there is availability. Is anyone else cutting it fine? 

Lorann_86

Our buyer's solicitor sent over enquiries finally but they are on some kind of Portal our solicitor won't/can't use. Has anyone come across this? Our solicitor has requested it in writing instead. Nothing is ever simple. 

jackhjones

So we now have our pack through. Am waiting to hear back from the solicitor on a few things on contract and a charge which is showing up on Land Registry but not the local charge search.

We are buying through probate and 2 daughters are dealing with the sale. On the contract they are down as separate addresses. We are ftb and I am buying with my partner and we currently do not live together however have been put down as of the same address. Anybody come across this before? 

scottie21

scottie21 said:

So our vendor is apparently quite upset that the spray foam insulation he was told would improve his home is actually detrimental and knocking value down, so we are waiting to hear about our reduced offer. It’s the stamp duty deadline in 16 days, and we’ll need to adjust our mortgage application, so it’s all starting to get a bit nail biting 😬😬😬 we are packing anyway, just hope we can get a date soon, and get a removal company, if there is availability. Is anyone else cutting it fine? 

Update, good news: vendor has agreed to price negotiation, we just need to adjust our mortgage application. Bad news (there’s always bad news): they’re away for 3 weeks from 22nd
so need all paperwork to them to be signed by then. Even more nail biting than waiting 😬😬😬

greensalad

Newdrake88 said:

Antman27 said:

Hi all,

FTB here. I made my offer about 5 weeks ago and have got my mortgage offer, surveys completed (no issues), searches returned, and now waiting for my solicitor's report. Going by experiences posted on here, my purchase seems to be on the fast track. Is it too optimistic to expect to exchange contracts and complete by month end, as that would mean some SDLT saving?

Thanks,
A

You are a first time buyer? I don’t think you pay stamp duty if you are 

My £8750 stamp duty bill says otherwise

Newdrake88

greensalad said:

Newdrake88 said:

Antman27 said:

Hi all,

FTB here. I made my offer about 5 weeks ago and have got my mortgage offer, surveys completed (no issues), searches returned, and now waiting for my solicitor's report. Going by experiences posted on here, my purchase seems to be on the fast track. Is it too optimistic to expect to exchange contracts and complete by month end, as that would mean some SDLT saving?

Thanks,
A

You are a first time buyer? I don’t think you pay stamp duty if you are 

My £8750 stamp duty bill says otherwise

😬 and I’m stressing over £2.5k saving 😂