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Mortgage deposit question

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Comments

  • Are you a FTB and in Eng/Wales/NI? If so and you buy under 300k then I believe you don’t need to worry about SDLT (unless rules change). Apart from a small ~£100 fee for the solicitor to submit a return form for it. 
    It’s LTT in Wales rather than SDLT and I don’t think there is currently relief for FTB in Wales. 
    Yep no relief for FTBs in wales.
    LTT holiday only saves max. £2500 as well.
  • GDB2222
    GDB2222 Posts: 26,936 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Thanks very much folks. I think that collectively you have answered my questions fully. 


    No reliance should be placed on the above! Absolutely none, do you hear?
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    Sounds like falling prices would really make your situation a lot easier?
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