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Stamp Duty paid by builder

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Comments

  • San_Jose
    San_Jose Posts: 43 Forumite
    Second Anniversary 10 Posts Name Dropper
    Miller Homes being very helpful from the get go.
  • Defangled
    Defangled Posts: 10 Forumite
    10 Posts
    Bloor totally onside of giving it all as 'cash'. At least, that's what they are saying. Just a challenge with lender on how this gets written up. Likely it will be on the UK disclosure of incentives form as 'Mortgage paid for x months', 'legal fees' and 'removals' etc to make up the figure.

    Broker has been brilliant and bashing heads with solicitors and developers.
  • MrLogical
    MrLogical Posts: 62 Forumite
    Part of the Furniture 10 Posts Name Dropper
    Defangled said:
    Bloor totally onside of giving it all as 'cash'. At least, that's what they are saying. Just a challenge with lender on how this gets written up. Likely it will be on the UK disclosure of incentives form as 'Mortgage paid for x months', 'legal fees' and 'removals' etc to make up the figure.

    Broker has been brilliant and bashing heads with solicitors and developers.
    Interesting as they seem to be trying to deny it for others. Can I ask what stage you are at? Thanks.
  • Defangled
    Defangled Posts: 10 Forumite
    10 Posts
    MrLogical said:
    Defangled said:
    Bloor totally onside of giving it all as 'cash'. At least, that's what they are saying. Just a challenge with lender on how this gets written up. Likely it will be on the UK disclosure of incentives form as 'Mortgage paid for x months', 'legal fees' and 'removals' etc to make up the figure.

    Broker has been brilliant and bashing heads with solicitors and developers.
    Interesting as they seem to be trying to deny it for others. Can I ask what stage you are at? Thanks.
    On the precipice of exchanging. Basically contracts all drafted but waiting for conveyancing items to be worked through before the formal exchange so not yet taken place.
    Generally seems to be mass confusion.... 
  • MrLogical
    MrLogical Posts: 62 Forumite
    Part of the Furniture 10 Posts Name Dropper
    Defangled said:
    MrLogical said:
    Defangled said:
    Bloor totally onside of giving it all as 'cash'. At least, that's what they are saying. Just a challenge with lender on how this gets written up. Likely it will be on the UK disclosure of incentives form as 'Mortgage paid for x months', 'legal fees' and 'removals' etc to make up the figure.

    Broker has been brilliant and bashing heads with solicitors and developers.
    Interesting as they seem to be trying to deny it for others. Can I ask what stage you are at? Thanks.
    On the precipice of exchanging. Basically contracts all drafted but waiting for conveyancing items to be worked through before the formal exchange so not yet taken place.
    Generally seems to be mass confusion.... 
    so the point where they will do everything they can to get you to sign on the dotted line. Sad to hear they are not giving those who have the same treatment. Shame on them.
  • Defangled
    Defangled Posts: 10 Forumite
    10 Posts
    MrLogical said:
    Defangled said:
    MrLogical said:
    Defangled said:
    Bloor totally onside of giving it all as 'cash'. At least, that's what they are saying. Just a challenge with lender on how this gets written up. Likely it will be on the UK disclosure of incentives form as 'Mortgage paid for x months', 'legal fees' and 'removals' etc to make up the figure.

    Broker has been brilliant and bashing heads with solicitors and developers.
    Interesting as they seem to be trying to deny it for others. Can I ask what stage you are at? Thanks.
    On the precipice of exchanging. Basically contracts all drafted but waiting for conveyancing items to be worked through before the formal exchange so not yet taken place.
    Generally seems to be mass confusion.... 
    so the point where they will do everything they can to get you to sign on the dotted line. Sad to hear they are not giving those who have the same treatment. Shame on them.
    It does seem to be region and 'development broker' advice dependent it seems from reading all the threads.... But yes, shame on anyone not honouring it. Until I have something in writing though I won't be confident....
  • SharkMoney
    SharkMoney Posts: 187 Forumite
    Sixth Anniversary 100 Posts Name Dropper
    The sales manager at bloor told us they are withdrawing stamp contributions for all customers nationwide. They said that some customers on help to buy would lose their mortgages if they were getting stamp contribution when stamp wasn’t due. Therefore all customers must be treated the same. 
  • MrLogical
    MrLogical Posts: 62 Forumite
    Part of the Furniture 10 Posts Name Dropper
    SharkMoney said:
    The sales manager at bloor told us they are withdrawing stamp contributions for all customers nationwide. They said that some customers on help to buy would lose their mortgages if they were getting stamp contribution when stamp wasn’t due. Therefore all customers must be treated the same. 
    That is a lie and I think you know it. Get some proof and fight back!
  • Defangled
    Defangled Posts: 10 Forumite
    10 Posts
    SharkMoney said:
    The sales manager at bloor told us they are withdrawing stamp contributions for all customers nationwide. They said that some customers on help to buy would lose their mortgages if they were getting stamp contribution when stamp wasn’t due. Therefore all customers must be treated the same. 
    Agree - no way that’s true. Because that’s not what my Bloor development are telling me.  The lender yes can’t except ‘cash’ incentives for HTB other than stamp duty and legal fees, so it comes down to finding a suitable compromise. 
  • monkeymarbles
    monkeymarbles Posts: 20 Forumite
    Third Anniversary 10 Posts
    Some lenders allow up to 5% cash back. 
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