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Is there enough time left before stamp duty holiday deadline to buy a house?
Comments
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How much SDLP would normally be payable by the OP for the envisaged transaction?
Is that amount really a deal breaker if the OP misses the SDLT holiday?0 -
davidmcn said:
Most will accept search insurance as an alternative.GDB2222 said:If you know the area well, you should be okay without searches. But, I bet your lenders will still want them.This sounds like the best way to proceed quickly. How do I go about this?The SDLP will be in the region of £11k if completed by September, but that is still a big saving to make if possible!
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Any potential saving is certainly not to be sniffed at, but letting the tax 'tail' wag the house-buying 'dog' seems like the wrong way around to me with such a large purchase.
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Talk to your solicitor. If you're wanting to do the transaction quickly you should be talking to your solicitor anyway.Singh23 said:0 -
Where are you? Searches alone are taking 8 weeks for me. That's when they're expected to be back. And it's all straightforward, great survey and valuation, no chain, we both want to complete ASAP. I would absolutely wait and the prices will go down after stamp duty holiday ends. I thought we'd manage to avoid stamp duty but everyone is trying the same thing and it's taking ages!0
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Depends, if you are overpaying for the house it might not really be a saving. What happens to the value after the SD holiday ends, or if mortgage rates rise, are you securing a big enough discount to cover these eventualities?Singh23 said:davidmcn said:
Most will accept search insurance as an alternative.GDB2222 said:If you know the area well, you should be okay without searches. But, I bet your lenders will still want them.This sounds like the best way to proceed quickly. How do I go about this?The SDLP will be in the region of £11k if completed by September, but that is still a big saving to make if possible!0
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