thehowler Posted November 22, 2017 Share Posted November 22, 2017 Where's he going to build all these new houses (100,000) between Ox and Cambridge - MK is already there! Quote Link to comment Share on other sites More sharing options...
billybong Posted November 22, 2017 Share Posted November 22, 2017 (edited) Is 44 billion more than at present. Is it extra. Edited November 22, 2017 by billybong Quote Link to comment Share on other sites More sharing options...
Maynardgravy Posted November 22, 2017 Share Posted November 22, 2017 Oh God Quote Link to comment Share on other sites More sharing options...
billybong Posted November 22, 2017 Share Posted November 22, 2017 (edited) Is 44 billion more than at present. Is it extra. Edited November 22, 2017 by billybong Quote Link to comment Share on other sites More sharing options...
Conquistador Posted November 22, 2017 Share Posted November 22, 2017 SDLT abolished for FTB purchases under £300K Quote Link to comment Share on other sites More sharing options...
thehowler Posted November 22, 2017 Share Posted November 22, 2017 Gadzooks - stamp duty up to 300K gone... Quote Link to comment Share on other sites More sharing options...
Scramz Posted November 22, 2017 Share Posted November 22, 2017 Looks like the stamp we need to pay in Jan has been massively cut and the better half will be paying no more student loan from April on her salary. Hopefully budget for me for once. Quote Link to comment Share on other sites More sharing options...
Ash4781 Posted November 22, 2017 Share Posted November 22, 2017 38 minutes ago, Conquistador said: SDLT abolished for FTB purchases under £300K Completing yesterday. Unlucky. Completing soon. Quick say you’re a FTB! Sellers Quote Link to comment Share on other sites More sharing options...
quine Posted November 22, 2017 Share Posted November 22, 2017 41 minutes ago, thehowler said: Gadzooks - stamp duty up to 300K gone... Really nothing worth even talking about. Quote Link to comment Share on other sites More sharing options...
Tempus Posted November 22, 2017 Share Posted November 22, 2017 Stamp duty cut. Or in other words, 99% of luxury shoebox flats targeted at first time buyers will now rocket to £299,995. Stuff like this simply inflates the market. It ALWAYS does. PS This website is technically very poor. Slow and inaccessible. Needs a new server. Quote Link to comment Share on other sites More sharing options...
Dyson Fury Posted November 22, 2017 Share Posted November 22, 2017 39 minutes ago, thehowler said: Gadzooks - stamp duty up to 300K gone... Only for first-time buyers. How long before the BTLegraph runs an article with a sob story about someone buying a home who has unfairly been denied this stamp duty exemption because their small existing portfolio of buy-to-let flats means that they don't qualify as a "first-time buyer"? I predict Saturday week (2 December). Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted November 22, 2017 Share Posted November 22, 2017 What is a first time buyer? Quote Link to comment Share on other sites More sharing options...
Nabby81 Posted November 22, 2017 Share Posted November 22, 2017 OBR expects house prices to rise 0.3% on Stamp Duty cut - main beneficiaries are owners selling as can raise prices ... Amazing to see people celebrating this .. Quote Link to comment Share on other sites More sharing options...
Tempus Posted November 22, 2017 Share Posted November 22, 2017 (edited) They aren't even hiding it. "OBR assumes that the stamp duty cut will simply up house prices 1:1 “Thus the main gainers from the policy are people who already own property”" So they expect the stamp duty cut to raise house prices. https://twitter.com/faisalislam/status/933338372759793664 Edited November 22, 2017 by Tempus Quote Link to comment Share on other sites More sharing options...
longgone Posted November 22, 2017 Share Posted November 22, 2017 3 minutes ago, Tempus said: Stamp duty cut. Or in other words, 99% of luxury shoebox flats targeted at first time buyers will now rocket to £299,995. Stuff like this simply inflates the market. It ALWAYS does. PS This website is technically very poor. Slow and inaccessible. Needs a new server. or stuff at 350k will now look un attractive and work the other way Quote Link to comment Share on other sites More sharing options...
Ash4781 Posted November 22, 2017 Share Posted November 22, 2017 2 minutes ago, Dyson Fury said: Only for first-time buyers. How long before the BTLegraph runs an article with a sob story about someone buying a home who has unfairly been denied this stamp duty exemption because their small existing portfolio of buy-to-let flats means that they don't qualify as a "first-time buyer"? I predict Saturday week (2 December). Yeah it will be one of those ‘I own a BTL property and I rent’ Quote Link to comment Share on other sites More sharing options...
Option5 Posted November 22, 2017 Share Posted November 22, 2017 Just now, Bruce Banner said: What is a first time buyer? Good question, I sold up in 2007 so now I have no property to sell but I have bought in the past. Would I be classified as a FTB or not? Quote Link to comment Share on other sites More sharing options...
stuckmojo Posted November 22, 2017 Share Posted November 22, 2017 Makes ****** all difference - everyone has figured out that the gap goes in pricing. Though easier to swallow as it's not technically a cash outlay Quote Link to comment Share on other sites More sharing options...
guest_northshore Posted November 22, 2017 Share Posted November 22, 2017 Business rates relief FTB SDLT abolished up to £300k. Extra £15bn in housing (builder) funding, loans, guarantees. £125m increase in target affordability funding for private rents. Council tax premium on empty homes increased from 50% to 100%. Maybe: Review on gap between planning permissions and housing starts. Consult on minimum densities for city centre developments. Consultation on developer contributions towards affordable housing & local infrastructure. Develop innovative solutions that help FTBs ensure rental payments recognised in mortgage applications. Consult on barriers to landlords of offering more secure tenancies. Consult on tax treatment of gains accruing on property disposals by non-residents. Quote Link to comment Share on other sites More sharing options...
Maynardgravy Posted November 22, 2017 Share Posted November 22, 2017 4 minutes ago, Bruce Banner said: What is a first time buyer? Quote Link to comment Share on other sites More sharing options...
Calcutta Posted November 22, 2017 Share Posted November 22, 2017 Any quick mathematicians know how much the stamp duty joke is going to cost the treasury? Quote Link to comment Share on other sites More sharing options...
RichIbizaSport Posted November 22, 2017 Share Posted November 22, 2017 4 minutes ago, stuckmojo said: Makes ****** all difference - everyone has figured out that the gap goes in pricing. Though easier to swallow as it's not technically a cash outlay I'm assuming it'll be the same rules as the HTB ISA. Which means nope, you're not a FTB. I owned a 1/3 share in 60k house around 5 years ago and so miss out too. Great. Quote Link to comment Share on other sites More sharing options...
Dyson Fury Posted November 22, 2017 Share Posted November 22, 2017 5 minutes ago, Calcutta said: Any quick mathematicians know how much the stamp duty joke is going to cost the treasury? all in the budget documents (text searchable pdf) which you can download from https://www.gov.uk/government/publications/autumn-budget-2017-documents page 28 £125 million this tax year, thereafter £560 million in 2018-19 rising to £670 million in 2022-23. I was sure Mr Hammond was going to say "this tax concession to FTBs must be paid for by those better off, hence I'm increasing the additional property SDLT surcharge to 5%", but no luck. Quote Link to comment Share on other sites More sharing options...
Social Justice League Posted November 22, 2017 Share Posted November 22, 2017 So that's the Tories washed up for at least a generation. Such an old fashioned party who have no clue how to run a country. Quote Link to comment Share on other sites More sharing options...
Tempus Posted November 22, 2017 Share Posted November 22, 2017 "The OBR says that First Time Buyers will be made worse off post Stamp Duty [cut] because it assumes that property prices will rise by twice the amount of this permanent cut." https://twitter.com/faisalislam/status/933343799983706112 So it is nothing more than a cynical attempt to get first time buyers to inflate the market. They know it won't help them. They expect it will put up prices. Quote Link to comment Share on other sites More sharing options...
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