Stamp Duty Ending

Angela_D_3

Crashy_Time said:

Angela_D_3 said:

50% of people surveyed are full of !!!!!!. 

Ive paid a solicitor and surveys,  about £1500 am
i going to pull out over £2300 in stamp duty.  No.  Its just £2300 that want get spent with local builders,  electricians etc ... hence itll be extended if those guys start struggling the whole economy is fcuked

The full timers will be on furlough, that is why the government need to start taking in more taxes, they need to get sellers to pay SD IMO.

Most of them
took furlough, bounce back loans and carried on working.  The taxxhikes are coming,  but not yet and itll be paye earners that pay back the millions.  

Angela_D_3

Turns out there was infact a money tree after snd the Tories just didnt want to give it to the poor or the  nhs unless forced to by some sort of pandemic 
https://apple.news/Ag47rbdflSKmJcwXc-8kDbA
no need for tax rises says Rushi 

SpiderLegs

Crashy_Time said:

SpiderLegs said:

Crashy_Time said:

Getting_greyer said:

Unless they was a tax band that meant for each additional £1 sold you pay £1.01+ in tax, I can't see how a sellers sdlt wouldn't just increase prices. Interesting though, I shall do some math on this. 

Prices are not really set by how much a buyer has to pay out in tax though are they? They can Kite Fly and try it on but it is the prevailing lending culture and general economy that really dictate prices.

Erm... 
So now you’re telling us that the stamp duty holiday had no effect on house prices and the last six months has all been about the ‘prevailing lending culture and general economy’.

oh and presumably when it comes back in in March that will have no effect either?

I’m beginning to think that the crashy_time account is run by about six different people who all think different things and never speak to each other. You guys should really get together and have a meeting sometime.

Obviously I meant to type "seller"

....which makes zero difference to what you wrote.

have you decided when the imminent closedown of the housing market is going to be yet?

LittleDrum

Angela_D_3 said:

50% of people surveyed are full of !!!!!!. 

Ive paid a solicitor and surveys,  about £1500 am
i going to pull out over £2300 in stamp duty.  No.  Its just £2300 that want get spent with local builders,  electricians etc ... hence itll be extended if those guys start struggling the whole economy is fcuked

We are saving £15k in stamp duty and have spent similar in conveyancing fees/survey so far .  To be honest we would have to pull out or re negotiate the purchase, that's a lot of money to suddenly have to find and pay out.  Hopefully we can get it over the line in time.  Fingers crossed!

grumiofoundation

LittleDrum said:

Angela_D_3 said:

50% of people surveyed are full of !!!!!!. 

Ive paid a solicitor and surveys,  about £1500 am
i going to pull out over £2300 in stamp duty.  No.  Its just £2300 that want get spent with local builders,  electricians etc ... hence itll be extended if those guys start struggling the whole economy is fcuked

We are saving £15k in stamp duty and have spent similar in conveyancing fees/survey so far .  To be honest we would have to pull out or re negotiate the purchase, that's a lot of money to suddenly have to find and pay out.  Hopefully we can get it over the line in time.  Fingers crossed!

15k on survey/conveyancing!!!! 

That seems very high. 

Angela_D_3

grumiofoundation said:

LittleDrum said:

Angela_D_3 said:

50% of people surveyed are full of !!!!!!. 

Ive paid a solicitor and surveys,  about £1500 am
i going to pull out over £2300 in stamp duty.  No.  Its just £2300 that want get spent with local builders,  electricians etc ... hence itll be extended if those guys start struggling the whole economy is fcuked

We are saving £15k in stamp duty and have spent similar in conveyancing fees/survey so far .  To be honest we would have to pull out or re negotiate the purchase, that's a lot of money to suddenly have to find and pay out.  Hopefully we can get it over the line in time.  Fingers crossed!

15k on survey/conveyancing!!!! 

That seems very high. 

Rather proves my point .... full of !!!!!! 

mortgage_noob

As a FTB I'm hoping that stamp duty doesn't get extended. It's contributed to inflation of house prices that makes it even harder for FTB to get on the ladder. It's all well and good if you're already on the property ladder but after working so hard to save for a deposit to then seem a huge jump in prices cause my LTV to increase I'll be glad to see the back of it.   
I'm sure they'll push out some other buying scheme at some point so FTBs can buy at ridiculous prices. 

LittleDrum

grumiofoundation said:

LittleDrum said:

Angela_D_3 said:

50% of people surveyed are full of !!!!!!. 

Ive paid a solicitor and surveys,  about £1500 am
i going to pull out over £2300 in stamp duty.  No.  Its just £2300 that want get spent with local builders,  electricians etc ... hence itll be extended if those guys start struggling the whole economy is fcuked

We are saving £15k in stamp duty and have spent similar in conveyancing fees/survey so far .  To be honest we would have to pull out or re negotiate the purchase, that's a lot of money to suddenly have to find and pay out.  Hopefully we can get it over the line in time.  Fingers crossed!

15k on survey/conveyancing!!!! 

That seems very high. 

No!! I was referring to £1500 that Angela said with regards to survey/conveyancing costs, haha!

LittleDrum

Angela_D_3 said:

grumiofoundation said:

LittleDrum said:

Angela_D_3 said:

50% of people surveyed are full of !!!!!!. 

Ive paid a solicitor and surveys,  about £1500 am
i going to pull out over £2300 in stamp duty.  No.  Its just £2300 that want get spent with local builders,  electricians etc ... hence itll be extended if those guys start struggling the whole economy is fcuked

We are saving £15k in stamp duty and have spent similar in conveyancing fees/survey so far .  To be honest we would have to pull out or re negotiate the purchase, that's a lot of money to suddenly have to find and pay out.  Hopefully we can get it over the line in time.  Fingers crossed!

15k on survey/conveyancing!!!! 

That seems very high. 

Rather proves my point .... full of !!!!!! 

I was referring to your £1500 costs to survey/conveyancing costs.  Hardly full of !!!! (whatever that is)

retepetsir

LittleDrum said:

Angela_D_3 said:

50% of people surveyed are full of !!!!!!. 

Ive paid a solicitor and surveys,  about £1500 am
i going to pull out over £2300 in stamp duty.  No.  Its just £2300 that want get spent with local builders,  electricians etc ... hence itll be extended if those guys start struggling the whole economy is fcuked

We are saving £15k in stamp duty and have spent similar in conveyancing fees/survey so far .  To be honest we would have to pull out or re negotiate the purchase, that's a lot of money to suddenly have to find and pay out.  Hopefully we can get it over the line in time.  Fingers crossed!

We couldn't do the £15k either, having already budgeted around £10k for EA fees and Solicitor fees, so am hoping we can get things through by March!