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Stamp duty
axel132132
Posts: 101 Forumite
Hi,
I have read under the new budget that the stamp duty is abolished up to 300k for first time buyer
My question is i have a property to sell and my gf is a first time buyer. Therefore i am not but she is
I cant find anything on google to say wether because she is a first time buyer that we can avoid stamp duty costs
Does anyone know or has anyone any experience or loopholes etc
Thanks alot
I have read under the new budget that the stamp duty is abolished up to 300k for first time buyer
My question is i have a property to sell and my gf is a first time buyer. Therefore i am not but she is
I cant find anything on google to say wether because she is a first time buyer that we can avoid stamp duty costs
Does anyone know or has anyone any experience or loopholes etc
Thanks alot
0
Comments
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Both parties to the new property ownership need to be first time buyers.I am a Mortgage Broker.
You should note that this site doesn't check my status as a Mortgage Broker, 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 advice0 -
Damn thought as much, thanks for the fast reply.
Is there any loopholes or anything to get out of it, can the stamp duty be added onto tje mortgage
We are looking at a new build from harron homes, havent sat down to do any deals yet but trying figure everything out first so sound like i know what am on about ha cheers0 -
You would need to reduce your deposit, you can't add SDLT to the mortgage, as such.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
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Cant be added, but new build developers like to incentivise prospective purchasers, so see what they will do about the SDLT....I am a Mortgage Broker.
You should note that this site doesn't check my status as a Mortgage Broker, 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 advice0 -
axel132132 wrote: »
Does anyone know or has anyone any experience or loopholes etc
Negotiate hard.0
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