SDLT

Redwino222

Did you make the offer on the condition that they met the stamp duty holiday?  

It was always going to be incredibly tight - you should have approached it in a hope for the best prepare for the worst way.

now you want to punish the vendor because you are irritated.  You can of course reduce your offer if you want, but it seems a little petty and petulant.  

How much is it?  Did you budget for it?  Can you afford to proceed? 

saajan_12

Regardless of how likely / possible it was, the point is until exchange, you have no legal right to complete at all. Even if everything is ready before the deadline, they could randomly pull out, or decide they feel like completing on 1st July, or whatever. Then at exchange you're willingly entering into the transaction at X price, to complete on Y date, and pay whatever SDLT comesa as a result. If you don't want to, your remedy is to renegotiate or pull out. 

Crashy_Time

Slithery said:

Unless you offered last year you were never going to make the deadline. The SDLT should have already been accounted for in your budget.

No harm in reducing your offer though.

badger09

Your vendor, and their vendor - if there is one - will also miss the SDLT cut off. I doubt they will be prepared to accept a lower from you, while also having to pay SDLT/more SDLT themselves. You can ask though.