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Stamp duty deadline

2

Comments

  • hippocrates1
    hippocrates1 Posts: 354 Forumite
    100 Posts Second Anniversary Name Dropper
    Honestly I think the boat has passed. Takes a couple of weeks once enquiries are back usually.
    DIP 09/02/21
    Offer on property 17/02/21
    Offer accepted 18/02/21
    Mortgage application submitted 22/02/21
    Desktop valuation 22/02/21
    Mortgage offer received 22/02/21
    Solicitor instructed 23/02/21
    Draft contract received and enquiries sent 02/03/21
    searches back 08/03/21
    Enquiries back 10/06/21
    Exchanged 23/06/21
  • zoemk12
    zoemk12 Posts: 167 Forumite
    Fourth Anniversary 100 Posts Name Dropper
    Keswick1uk said:
    When did you make your offer?
    It’s all been very quick to this point- offer 21May! 
  • zoemk12
    zoemk12 Posts: 167 Forumite
    Fourth Anniversary 100 Posts Name Dropper
    LookingForLondon said:
    Why would anybody sign anything before searches and surveys are back? What time would that even save?
    I guess it depends on if they’re using online or bricks and mortar. We’re using online so have to post everything. 
  • MaryNB
    MaryNB Posts: 2,319 Forumite
    1,000 Posts Third Anniversary Name Dropper
    zoemk12 said:
    Keswick1uk said:
    When did you make your offer?
    It’s all been very quick to this point- offer 21May! 
    Ok. This sounds like a case of you being far too optimistic. Less than 6 weeks would be a very fast sale at the best of times. 3 months is the average time it takes to sell a house without the current SDLT holiday rush (surveyors and solicitors snowed under) and covid related delays. 


  • davilown
    davilown Posts: 2,303 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    zoemk12 said:
    Keswick1uk said:
    When did you make your offer?
    It’s all been very quick to this point- offer 21May! 
    I think unless you’re buying cash and with a very short or no chain, that would be extremely optimistic.
    30th June 2021 completely debt free…. Downsized, reduced working hours and living the dream.
  • Scotbot
    Scotbot Posts: 1,541 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper
    zoemk12 said:
    Keswick1uk said:
    When did you make your offer?
    It’s all been very quick to this point- offer 21May! 
    I am not surprised you are the only ones pushing to make it happen, end of June was never going to be possible. The rest of the chain will have budgeted for stamp duty.
  • zoemk12
    zoemk12 Posts: 167 Forumite
    Fourth Anniversary 100 Posts Name Dropper
    Why did your buyer get their survey done so late in the process? Delays in trying to get someone booked in? 

    Yep! Earliest date they could get, although we managed to get earlier so perhaps they didn’t try as hard… 
  • zoemk12
    zoemk12 Posts: 167 Forumite
    Fourth Anniversary 100 Posts Name Dropper
    Scotbot said:
    zoemk12 said:
    Keswick1uk said:
    When did you make your offer?
    It’s all been very quick to this point- offer 21May! 
    I am not surprised you are the only ones pushing to make it happen, end of June was never going to be possible. The rest of the chain will have budgeted for stamp duty.
    Actually it was our sellers pushing us as we didn’t think it would happen but we’ve pushed hard to get things done. The reality is we will miss by a few days. We’ve budgeted too, we have lots of equity but that’s not the point. 
  • TBG01
    TBG01 Posts: 506 Forumite
    500 Posts Fourth Anniversary Name Dropper
    Few days? You say enquiries haven't been conducted. That takes much longer than a few days. No matter how much you "chase".
  • zoemk12
    zoemk12 Posts: 167 Forumite
    Fourth Anniversary 100 Posts Name Dropper
    davilown said:
    zoemk12 said:
    Keswick1uk said:
    When did you make your offer?
    It’s all been very quick to this point- offer 21May! 
    I think unless you’re buying cash and with a very short or no chain, that would be extremely optimistic.
    To begin with we didn’t think we had any chance but our sellers were pushing us so we moved heaven and earth. The chain is small- FTB buying ours, we’re buyer from ppl going in to a vacant hse sold as seen. 

    I suspect we will miss by maybe a few days. However we’ve decided to go for mid July now as no need to kill ourselves trying to pack in a hurry! 
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