New build bartering

Charlie747

Hi everyone... We are looking to sign for a new build with persimmon over the weekend and wondered if anyone had any tips for us newbies with not much clue about this kind of thing.

We've read about them chucking in incentives for free such as flooring and paying stamp duty etc but how do we ensure we get the most we can get? Thanks for your experiences.

[Deleted User]

On the stamp duty point - How much is the stamp duty you'd be liable for - make sure you research that as some people/prices aren't liable. A clever salesman may add "stamp duty paid" so you think it's an incentive, but it's a grand total of £0.00!!

Max incentives likely to be 5%, or you could struggle with mortgage - so work out what 5% of expected purchase price/value is and use that to your advantage when pricing up what you want thrown in!

Interested to know this from a customer point of view though - I hope to be doing the same shortly! (Although imagine the process is different for Shared Ownership?!).

Alias_Omega

If your a 100% buyer, then you can buy anywhere you like; be sure to know local prices and be prepared to walk away.



If you are a 50% share buyer etc, your stuck with the deals they offer.


Your mortgage company will keep you safe, they will only valuate it what they think its worth.

Thrugelmir

Charlie747 wrote: »

We've read about them chucking in incentives for free such as flooring and paying stamp duty etc but how do we ensure we get the most we can get?

Not for free. Cost comes out of there not inconsiderable trading margin.