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Stamp duty cut from today
Comments
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lwhiteman88 wrote: »Interestingly the OBR believe this won't help FTB but actually people selling their homes. Presumably because people will now raise their house price assuming FTB can now afford more
It would undoubtedly be true if it was only FTBs in the housing market, as it is its partly true but it also gives FTBs some much needed help where they may be in competition with other purchasers0 -
It would undoubtedly be true if it was only FTBs in the housing market, as it is its partly true but it also gives FTBs some much needed help where they may be in competition with other purchasers
Likewise doesn't help property developers that offer to pay stamp duty as a sweetner on new builds.0 -
Thanks kingstreet, we did complete on 22nd, I have emailed our solicitor that link in case she wasn't aware.0
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I suspect it will be up to you to contact HMRC to request a refund. Your solicitor is unlikely to want to deal much further if they have simply handled your conveyancing.armstrong1955 wrote: »Thanks kingstreet, we did complete on 22nd, I have emailed our solicitor that link in case she wasn't aware.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 -
It would undoubtedly be true if it was only FTBs in the housing market, as it is its partly true but it also gives FTBs some much needed help where they may be in competition with other purchasers
Generally speaking FTBers are only competing with other FTBers.
Expect FTB houses to increase in price with associated marginal increases up the scale.
I think this is an appalling price of opportunism that’s all about headlines and nothing to do with fixing affordability.0 -
Politicians politicking?I think this is an appalling price of opportunism that’s all about headlines and nothing to do with fixing affordability.
On budget day?
Shirley not...??!!?
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 -
SeagullFTB wrote: »If it was a week earlier, I would've saved £3,500.
On the upside, when the Help to Buy schemes were launches, house prices rocketed. Abolishing stamp duty might do the same, which will be an instant boost in potential equity.
You've been an owner for a week and already you're talking the talk
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Where's Crashy to warn everyone it's a trap?
Perhaps it's his week to clean the toilets in his HMO?0 -
Scotland has it's own land tax now. It will be interesting if they follow this in their budget in a few weeks.whatdoyouthink... wrote: »Is this just in England??0 -
For a one or two bed flat FTBers are competing with FTBers and BTLers, surely?Generally speaking FTBers are only competing with other FTBers.
For a three bed house, FTBers are competing with FTBers, BTLers, those who bought flats as their first property, and those who are relocating, surely?
(For any larger property I assume there are relatively few FTBers.)0
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