Caporegime
- Joined
- 7 Apr 2008
- Posts
- 25,195
- Location
- Lorville - Hurston
Yes a level 3Have you actually had a proper house survey done? Not a home-buyers, but an actual survey?
Yes a level 3Have you actually had a proper house survey done? Not a home-buyers, but an actual survey?
Yes a level 3
Congrats. Hope you got a nice long low mortgage fixIve just completed! Off to get the keys now.
Congrats. Hope you got a nice long low mortgage fix
Hi, how long does it take to get the inquiries and searches done?
My solicitor started these process on Aug 18th.
Probably also worth adding it depends on how the application was made, bank mortgage advisor, 3rd party mortgage advisor, direct application with no advice, they can all have different T+CsAll lenders are different. Some have a baked-in "grace period" where so long as you request the funds before expiry they will honour it within X time. But then if the date changes its game over.
Some will grant 2 week or 1 month extensions which usually have to be requested by the borrower or broker but there's a few lenders that need it requested by solicitors with an expected completion date.
Some won't grant extensions.
Some of the searches have been done. i even have a fll report copy of the enviorment searches.If yer on a limited timeframe you could look to a search indemnity, not all mortgage providers accept them tho
I think there was someone here who did a few days ago!Who exchanged and paid their stamp duty yesterday then?![]()
Any updated stamp duty calculator?
Interest charges
You must pay any SDLT due within 14 days after the effective date of the transaction. If you pay the tax late, you’ll pay interest from the day after you should have paid it until the day you pay it.
The effective date is usually the date the transfer completes, but it can be the date the contract is ‘substantially performed’ if this is before completion. ‘Substantial performance’ is when one of the following happens:
- most of the buying price is paid – normally 90% and payment can be in cash or something else of economic value
- the buyer is entitled to possession of the property
- the first payment of rent is made
Some of the searches have been done. i even have a fll report copy of the enviorment searches.
I think there was someone here who did a few days ago!
Anyways, for my case i only save 2.5k
Assumption stamp duty is paid after COMPLETION date? I have already exchanged, but completion next Thursday ergo not expecting to pay anything?
HMRC website
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Stamp Duty Land Tax online and paper returns
Find out about sending a Stamp Duty Land Tax (SDLT) return, late filing penalties, amending a return and applying for a refund.www.gov.uk
Thanks.![]()
What the 45p income tax rate U-turn means for you
Use our tax calculator to find out how the Government's decision will affect your incomewww.telegraph.co.uk
if you hit a paywall then: https://12ft.io/proxy?q=https://www.telegraph.co.uk/tax/news/calculator-stamp-duty-national-insurance-income-tax-mini-budget/
Same here with completion coming next Friday, £5k saved is going to be nicely received!By the skin of yer teeth! haha
aye deffo not to be sniffed atSame here with completion coming next Friday, £5k saved is going to be nicely received!
Got all my forms to sign on Thursday last week in regards to HM Land Registry, Contracts etc. They sent me a SDLT form which presumably is now scrap but it was weird it only said on a purchase of £246000 it was only taxable for £2420. That's not 2% is it. Anyway, don't matter now I am not paying Stamp Duty.
Hopefully only another month to go now as I did stipulate I can't complete until after final mortgage payment on current place on 2nd November.