Stamp Duty

Author
Discussion

JayPainter

Original Poster:

85 posts

115 months

Friday 24th November 2017
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I’ve recently bought a new-build house, and while we’ve been waiting for it to be built we’ve only just paid the remainder of the deposit (and the bank has emailed us that the funds will be over by the 29th of this month)
Now part of the agreement of buying this house was haggling the stamp duty so that the seller was paying, rather than us. Yesterday (I think), the stamp duty got scrapped for first time buyers.

So, is it just tough luck? Or should I try haggling it off the price of the house?

I understand that if it went up, they would have to pay more and we definitely wouldn’t be moaning (or would they pay more?)

Anyway, I’m after some opinions on the situation.

Thanks smile

scottri

951 posts

182 months

Friday 24th November 2017
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My sister is in the same situation. She is currently trying to negotiate either a cash back deal or deposit contribution equal to the value of the stamp saving.

JayPainter

Original Poster:

85 posts

115 months

Friday 24th November 2017
quotequote all
scottri said:
My sister is in the same situation. She is currently trying to negotiate either a cash back deal or deposit contribution equal to the value of the stamp saving.
Let me know what happens! That’s what I’d like in a perfect world (one or the other) but I’m currently away for the next week and half so I can’t really go in and negotiate in person. I’ll give the sellers a call once I’ve got a few opinions though.

craigjm

17,933 posts

200 months

Friday 24th November 2017
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If you don’t ask you don’t get...

PurpleMoonlight

22,362 posts

157 months

Saturday 25th November 2017
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Some people are never happy.

You weren't paying it before you are not paying it now.

minimods

135 posts

239 months

Saturday 25th November 2017
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Why don't you split the saving - win win situation and neither party feel short changed.

JayPainter

Original Poster:

85 posts

115 months

Tuesday 28th November 2017
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I very selfishly asked and got a cash incentive equalling the stamp duty cost. If you don't ask, you don't get laugh