Stamp duty cut from today

davidmcn

RyanHM wrote: »

How do you think this will work if you are in a shared Ownership property, looking to buy a ‘full’ property. Do you still class as a first time buyer?

No, you already have an ownership interest in a dwellinghouse.

Niv

hatzbarts wrote: »

Dont get me wrong the tax is what it is and we were expecting to pay it anyway. But why should you not be able to get a relief thats open to others, that could go a long way to helping people in london. I agree there should be a cap but for young professionals who have worked hard to save and afford what is a reasonable property in the capital (in our case without help from the bank of mum and dad), where prices are very inflated, the cap should have been higher. Unless youre looking at starting off in a one bedroom flat, maybe 2 bedroom flat, its not going to help many first time buyers in london.

You said it yourself, you can buy a 1 / 2 bed property for under 500k, that sounds like a FTB property to me.


No sympathy - sorry (not sorry).

mrs_motivated

MobileSaver wrote: »

Yes, assuming she (and her partner if appropriate) are FTBs she will automatically get this back once the solicitor prepares the final Completion statement showing that no SDLT is due. It would be prudent to contact the solicitor and remind them that this is the case.

Thank you. The solicitor has confirmed she will get it back and sent her a form to complete

esty

michaelm67 wrote: »

Quick question, I think I know the answer. We have exchanged on a new build and waiting to complete (couple of weeks away). The builder agreed to pay the solicitor fees and stamp duty. Is there any chance we could go back to the builder and get some money off something else? I’m guessing no as we have exchanged contracts?
Thanks

I had a phone call from the Developers sales adviser today checking first that are indeed first time buyers and then going on to say they are prepared to offer the 5k we were given as stamp incentive and taking it off our completion statement.