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Stamp duty new build incentive question

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San_Jose Posts: 43 Forumite

9 July 2020 at 8:01AM edited 9 July 2020 at 8:10AM in House buying, renting & selling

Posted this on the wrong board yesterday. Following on from the Chancellors announcement yesterday about the introduction of an immediate stamp duty holiday. My partner and I recently reserved a plot on a new build development. We have a mortgage but haven't completed or paid the deposit etc. The developer as part of our original agreement where paying for our Stamp duty (around 14k). Where would this leave us in this situation. Are we in a good position to get them to cough up for extras to the same value etc or are they likely to change our original agreement? I have called the developer but understandably they are now very busy!

Reading through my reservation document and it states:

Costs to be paid by (developers name): £14xxxx
Details of costs to be paid by (developers name): £14xxxx stamp duty

Looked at some old posts on here from the last time stamp duty was changed and it sounds like the wording of this is important. Time will tell I guess. Hopefully hear back from the builder soon.

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Stamp duty new build incentive question

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