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SDLT Increase
Comments
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They CAN - that doesn't mean they SHOULD. @TheJP was (reasonably) saying that they didn't see why this should become the seller's responsibility.🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
Balance as at 01/09/23 = £115,000.00 Balance as at 31/12/23 = £112,000.00
Balance as at 31/08/24 = £105,400.00 Balance as at 31/12/24 = £102,500.00SOA CALCULATOR (for DFW newbies): SOA Calculatorshe/her0 -
mebu60 said:TheJP said:mebu60 said:Yes. SDLT is at completion.
You could try renegotiating the purchase price.2 -
Yes. The country needs the money.3
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TheJP said:mebu60 said:TheJP said:mebu60 said:Yes. SDLT is at completion.
You could try renegotiating the purchase price.0 -
EssexHebridean said:They CAN - that doesn't mean they SHOULD. @TheJP was (reasonably) saying that they didn't see why this should become the seller's responsibility.
In this real life case the OP is considering withdrawing which could cost the seller more overall than a few thousand off the price. There's also the possibility that if the OP withdraws the seller might even suggest a modest reduction in an attempt to save the sale.1 -
TheJP said:mebu60 said:TheJP said:mebu60 said:Yes. SDLT is at completion.
You could try renegotiating the purchase price.0 -
In some ways the OPs reaction is what the government is hoping for, either more money in SDLT for the countries coffers or another house for a person to live in rather than have as a second home."You've been reading SOS when it's just your clock reading 5:05 "8
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TheJP said:mebu60 said:Yes. SDLT is at completion.
You could try renegotiating the purchase price.
OP: If it was me, I think about suggesting the seller "meets me in the middle" re the extra 2%. i.e. he reduces by 1%. A risk if you're really set on the place but he has to weigh whether he really wants to go through the legals again in what might be a sinking market.1 -
SonnyH said:TheJP said:mebu60 said:TheJP said:mebu60 said:Yes. SDLT is at completion.
You could try renegotiating the purchase price.0 -
sammyjammy said:In some ways the OPs reaction is what the government is hoping for, either more money in SDLT for the countries coffers or another house for a person to live in rather than have as a second home.0
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