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Negotiating with a developer

1 reply 113 views
tinkthejohntinkthejohn Forumite
1 posts
MoneySaving Newbie
Hi,

I am currently looking to negotiate with a new build developer, to purchase a new house. Their sales agent is telling me the maximum they are allowed to give to me (defined by lenders not their company policy for example) is 5% of the value of the house. From this I would have to deduct estate agent fees for an assisted move and stamp duty, if I am looking for them to be covered. Is what I'm being told correct or are they allowed to give me more than that if I explored further negotiations?

Thanks

Replies

  • anselldanselld Forumite
    6.8K posts
    Part of the Furniture 1,000 Posts Name Dropper
    ✭✭✭✭
    5% is the maximum "incentive".  However you can also negotiate on the headline price although the developer may not be willing.
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