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Well, I've Jumped In And Bought A House!


nicebuyer
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Gordon is all smiles he is counting the tax.

Cost to sell first house at I assume 600K = 1.5% ea fees 9000 and vat at 1,575 total 10,575.

Removals 2K plus Vat 350 total 2,350.

Stamp duty on new house 600,000 at 4% = 24,000

Full structural pluse legal fees 1.5K plus vat = 262.5 = 1762.5

Total cost approx = 38,687.50 GBP of which 26,187.50 is TAX! TAX! TAX!

I would have stayed rented in your situation and had a few nice holidays you have just paid 26,000 in TAX to McDoomed and you had to pay the same price for the house you bought now as it was at the peak.

Hm, do you have any brains?

I won't be paying anything of the sort thanks. Firstly removals all in will be £800, structural £940 inc VAT, and SDLT, well, let's just say it wont be £24k.

I have brains thanks.

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I won't be paying anything of the sort thanks. Firstly removals all in will be £800, structural £940 inc VAT, and SDLT, well, let's just say it wont be £24k.

I have brains thanks.

Don't tell me , you are paying £175k for the house and £425k for the carpets and curtains to avoid SDLT ?

If not, how exactly will you avoid paying £24k stamp duty ?

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Don't tell me , you are paying £175k for the house and £425k for the carpets and curtains to avoid SDLT ?

If not, how exactly will you avoid paying £24k stamp duty ?

he a troll, buys a house whenever "good news" about the housing market is braodcast.

http://www.housepricecrash.co.uk/forum/ind...c=84238&hl=

Edited by Bloo Loo
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he a troll, buys a house whenever "good news" about the housing market is braodcast.

http://www.housepricecrash.co.uk/forum/ind...c=84238&hl=

I buy a house whenever there is good news? You'll see that was the one and only time and you'll also see that I never purchased, I was looking for advice. I also don't think there was anygood news at that time at all.

So you're wrong but I think most people would expect that of you.

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Don't tell me , you are paying £175k for the house and £425k for the carpets and curtains to avoid SDLT ?

If not, how exactly will you avoid paying £24k stamp duty ?

No, I'm not paying all that for curtains :) There are numerous ways of avoiding SDLT, one might for example be to use the new Sharia law rules eg: http://www.ft.com/cms/s/2/a700cb3e-7873-11...144feabdc0.html

It's a bit complicated but totally above board. Indeed one needs to inform the Inland Revenue exactly what you are doing when you get to the SDLT stage, you (your tax planning firm) writes to them to inform them of the loophole you are using. It's a law they brought in last year so that everything is open and they know what people are doing.

Isn't this all common knowledge? I doubt many people buying over £500k pay SDLT anymore do they?

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Don't tell me , you are paying £175k for the house and £425k for the carpets and curtains to avoid SDLT ?

If not, how exactly will you avoid paying £24k stamp duty ?

this is a better link explaining this particular Sharia loophole: http://www.citywire.co.uk/personal/-/comme...0958&Page=1

It's not the onyl way of doing it though, there are plenty, this is just one that's flavour of the month right now.

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this is a better link explaining this particular Sharia loophole: http://www.citywire.co.uk/personal/-/comme...0958&Page=1

It's not the onyl way of doing it though, there are plenty, this is just one that's flavour of the month right now.

TROLL !!!

There are no legitimate ways of avoiding stamp duty since s75 introduced - only evasion.

I specialise in tax schemes !

I agree - no house purchase but a dreamer!

Edited by foa4
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Absolutely right, crowd psychology is one of the most powerful factors in setting market prices.

Also zero interest rate are here to stay for some time, and as long as interest rates are that low (1% trackers, 3% SVRs, 2% rates for buyers with large deposits) prices wont be going down any time soon..

:lol: Japan was just a dream.

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Like everyone else, after selling at peak I was selfishly hoping for 30%+ falls in prices but it's just not happened nor do I see it happening. The price level at which I'm buying ~£600k hasn't seemed to move much in London over the past year, £50k here, £50k there, nothing to get too excited and write home about.

So rather than continue renting I've finally gone and made an offer, got it accepted and bought a house about £60k under what it would have been last year. With a young boy needing to settle into a permanent home and a wife fed up of renting we've made the decision.

As much as I can see and spin the figures to make buying now look silly and as hard as I can argue you just can't change sentiment. I know £600k for a 3 bed house is ridiculous but unfortunately the general sentiment is that although we may all be right, it's just the way things are.

The fact is the 'man on the street' sees the latest news story talking about house price increases and BINGO, suddenly sentiment has changed and people believe in housing again. You just can't argue against sentiment.

So I'm now a homeowner again, happy that I made a bit of cash during my brief time as a HPCer, sold at the right time and perhaps bought at the right time. If prices do decline then so be it, I'll be a few quid out of pocket but then again, I made enough on my sale. Finally I can stop worrying about house prices, arguing about what will happen, spend time reading forums about them and just enjoy life.

So good luck everyone!

The fact is whatever "the man on the street' wants to believe in he knows he is limited by no cash or no available cash. I have started to believe in Rolls Royce cars again so I will go out and buy one now. You just can't argue against sentiment

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The fact is whatever "the man on the street' wants to believe in he knows he is limited by no cash or no available cash. I have started to believe in Rolls Royce cars again so I will go out and buy one now. You just can't argue against sentiment

Have you head the latest too, you CAN polish turd!!!...

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I buy a house whenever there is good news? You'll see that was the one and only time and you'll also see that I never purchased, I was looking for advice. I also don't think there was anygood news at that time at all.

So you're wrong but I think most people would expect that of you.

yep, and all the other troll posts....you were DEFFO on ignore.

and now you talk ballox about avoiding tax cos you're a muslim.

course, that makes me a racist too.

posted March by Nicebuyer: In my case I can tell you that 4 houses I have offered on since last week are now under offer from genuine people.

posted Sept 28 2008 Nicebuyer:Has anyone reported this thread to the benefits office yet? Obviously this potential benefits cheat is someone they ought to keep an eye on. If no one else has then I'm happy to alert them via the online tool. https://secure.dwp.gov.uk/benefitfraud/ The idea that someone with �60k+ in their bank account should be thinking of defrauding the system really irks me.

Sept 18 Prices are dropping, just not, in the main, with pproperty that is of interest to many of us. I went to see a house a few days ago, they took �200k off it over the past two months, that still puts it �100k over what it would have cost a year ago.

you are a busy banker.

Edited by Bloo Loo
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yep, and all the other troll posts....you were DEFFO on ignore.

and now you talk ballox about avoiding tax cos you're a muslim.

course, that makes me a racist too.

posted March by Nicebuyer: In my case I can tell you that 4 houses I have offered on since last week are now under offer from genuine people.

posted Sept 28 2008 Nicebuyer:Has anyone reported this thread to the benefits office yet? Obviously this potential benefits cheat is someone they ought to keep an eye on. If no one else has then I'm happy to alert them via the online tool. https://secure.dwp.gov.uk/benefitfraud/ The idea that someone with �60k+ in their bank account should be thinking of defrauding the system really irks me.

Sept 18 Prices are dropping, just not, in the main, with pproperty that is of interest to many of us. I went to see a house a few days ago, they took �200k off it over the past two months, that still puts it �100k over what it would have cost a year ago.

you are a busy banker.

There's a difference between offering on a house (and having the offer rejected as per the quote you offered up) and actually buying a house, you have still not shown a post where I said I had bought a house. Incidentally the houses that I have offered on have sold.

Re. the benefits quote, if you wish to call tax planning defrauding the state then so be it. I happen to pay every last penny of income tax (even though many of my colleagues do not) and when it comes to SDLT I'm happy using a loophole, but that's by the by.

I do hope that one day you cheer up and stop feeling the need to be quite so egregious and nasty. I do happen to think many people on HPC are really genuine and don't deserve the reputation they get because people like you frequent this place, you bring it down, throw insults and are so far outside of reality most feel sorry for you but of course you don't see it. This place is not full of loonies but unfortunately for the majority many people think it is purely because of posters like you.

I'm can only hope one day you get a bit of cash in your pocket to enable you to buy a house and get that giant chip off your shoulder.

Enjoy the rest of your time here, and once again, good luck to everyone else, I hope it all works out!

Cheers!

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Aug 20 Nicebuyer: As for your friends, I own a Bugaboo, am about to buy a nice big car and my mortgage is already paid off and I'm 31 so as Timmy Mallett would say, BLAH.

and yet Aug 20 he already has a big car: Maybe the X5 is a tasteless car. Again I ask, so what? Why should I care what others think of me or the car I drive? I drive it because it does the job I need it to.

Aug 15 Nicebuyer: I'm happy renting right now, why can't you be?

Aug 10 Nicebuyer: No, this is mine :)http://www.rightmove.co.uk/viewdetails-10817931.rsp Exchanged and a few hours away from completing.

and your previous name...Michael Schumaker??

Schuey Aug 8 :Dude, why the hostility??????

Here:

http://www.flickr.com/photos/schuey100/221...57603785363614/

Here's a pic of my wife at Christmas in our house. You'll see the picture correlates to those in the rightmove details. Why would I make stuff up? Want more pics? Let me know.

Apology please, thankyou.

Edited by Bloo Loo
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There's a difference between offering on a house (and having the offer rejected as per the quote you offered up) and actually buying a house, you have still not shown a post where I said I had bought a house. Incidentally the houses that I have offered on have sold.

Re. the benefits quote, if you wish to call tax planning defrauding the state then so be it. I happen to pay every last penny of income tax (even though many of my colleagues do not) and when it comes to SDLT I'm happy using a loophole, but that's by the by.

I do hope that one day you cheer up and stop feeling the need to be quite so egregious and nasty. I do happen to think many people on HPC are really genuine and don't deserve the reputation they get because people like you frequent this place, you bring it down, throw insults and are so far outside of reality most feel sorry for you but of course you don't see it. This place is not full of loonies but unfortunately for the majority many people think it is purely because of posters like you.

I'm can only hope one day you get a bit of cash in your pocket to enable you to buy a house and get that giant chip off your shoulder.

Enjoy the rest of your time here, and once again, good luck to everyone else, I hope it all works out!

Cheers!

Im happy as a sandboy in a sandbox.

so you are a banker, a high end High tekky or a tax planner? seen all three in your posts.

As I say, couldnt care less about your purchase or you. 75,000 people bought and sold houses last month.

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Aug 20 Nicebuyer: As for your friends, I own a Bugaboo, am about to buy a nice big car and my mortgage is already paid off and I'm 31 so as Timmy Mallett would say, BLAH.

and yet Aug 20 he already has a big car: Maybe the X5 is a tasteless car. Again I ask, so what? Why should I care what others think of me or the car I drive? I drive it because it does the job I need it to.

Aug 15 Nicebuyer: I'm happy renting right now, why can't you be?

Aug 10 Nicebuyer: No, this is mine :)http://www.rightmove.co.uk/viewdetails-10817931.rsp Exchanged and a few hours away from completing.

and your previous name...Michael Schumaker??

Schuey Aug 8 :Dude, why the hostility??????

Here:

http://www.flickr.com/photos/schuey100/221...57603785363614/

Here's a pic of my wife at Christmas in our house. You'll see the picture correlates to those in the rightmove details. Why would I make stuff up? Want more pics? Let me know.

Apology please, thankyou.

Seriously, I have no idea what you are trying to prove.

1. I sold my house. Guess what? There was no mortgage on it. You questioned it, I sent you a link to prove it, you questioned again, I then sent you a pic of my wife in that house.

2. After selling the house I went into rented. As it happens the details of the house remained on rightmove for some time, as EAs tend to do so I referred to them many times. As an aside, I moved into rented well before the sale on my house finalised.

3. I also happen to won more than one car, again, so what? Can I buy another car when owning one?

Why I'm explaining myself to you I have no idea.

Edited by nicebuyer
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