We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Stamp Duty - Towards New Build House
KEEP_GREEN
Posts: 3 Newbie
Hi Everybody,
I am in the midst of buying my new home, within weeks from now I will be legally exchanging contracts. I was offered an amount towards incentives and part of this amount was towards the stamp duty. Since the new budget ,the stamp duty has been abolished. Am I right in thinking that the builder will now have to pay the amount towards other incentives or will I lose that proposed amount since the SDLT has been abolished. Do i need to contact my conveyancer to sort this out before legal exchange of contracts?.
Any advice would be much appreciated .
Thanks in advance .
I am in the midst of buying my new home, within weeks from now I will be legally exchanging contracts. I was offered an amount towards incentives and part of this amount was towards the stamp duty. Since the new budget ,the stamp duty has been abolished. Am I right in thinking that the builder will now have to pay the amount towards other incentives or will I lose that proposed amount since the SDLT has been abolished. Do i need to contact my conveyancer to sort this out before legal exchange of contracts?.
Any advice would be much appreciated .
Thanks in advance .
0
Comments
-
You need to ask your developer what their stance is.Since the new budget ,the stamp duty has been abolished.
It hasn't been abolished. There's an exemption for first time buyers up to given limits.0 -
They don't have to give you a replacement incentive. Have you asked the developer?0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 355.3K Banking & Borrowing
- 254.7K Reduce Debt & Boost Income
- 455.9K Spending & Discounts
- 248K Work, Benefits & Business
- 605.2K Mortgages, Homes & Bills
- 178.9K Life & Family
- 262.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards