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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Stamp duty relief
brewer32
Posts: 2 Newbie
Me and my partner are both first time buyers, the property we are yet to complete on is under £300k. We exchanged on the 21/11/17 we are due to complete on the 22nd December but our solicitors have just emailed there bill which included stamp duty to my horror as i thought we would not have to pay this as the deadline was on the 22nd November.
I have checked the GOV website and i cannot see why this charge is on the bill, the annoying thing is the solicitors sent the email 5 minutes before closing for the weekend and are expecting payment before midday Monday so we can complete and move in before Christmas.
To make things even better we have spoke to another couple buying a new build on the same the site who completed this week and did not pay stamp duty.
Anyone have any idea???
Thanks Matt
I have checked the GOV website and i cannot see why this charge is on the bill, the annoying thing is the solicitors sent the email 5 minutes before closing for the weekend and are expecting payment before midday Monday so we can complete and move in before Christmas.
To make things even better we have spoke to another couple buying a new build on the same the site who completed this week and did not pay stamp duty.
Anyone have any idea???
Thanks Matt
0
Comments
-
Is the solicitor aware that you are first time buyers ?
Prior to the budget there would have been no need for them to ask the question (only to ascertain if either of you currently owned any other property) so they may not be aware that SDLT isn't applicable in your case.
Edit: if you exchanged on 21/11/17 then at that point you would have been expecting to pay SDLT, so presumably you budgeted for it ?0 -
Sounds like it may already have been drafted and is an admin error.?
Get the money ready, email your concern now advising you will call monday and then call 1st thing Monday morning. As soon as it's rectified you will be ready to make immediate payment.0 -
If you are both first time owners, then if the property is in England it should be exempt from stamp duty.
Your solicitor should have put a code on the stamp duty form to say you are a first time owner.0 -
Thanks for your replies it is on a help to buy scheme so they know we are first time buyers
It is in England also,0 -
Pay the bill ASAP without the SDLT element. Then phone 'em on Monday morning.0
-
HTB Equity Loan on a newbuild?Thanks for your replies it is on a help to buy scheme so they know we are first time buyers
That is not restricted to FTB.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
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247.1K Work, Benefits & Business
- 603.7K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards