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Showing results for tags 'stamp duty holiday'.
Found 4 results
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Hello hubers- here is the scenario i need help with as i keep getting contradicting answers: I live in a rented accomodation which is my main residence. I have never owned a main residence in the UK. While living in this address, i have purchased 2 investment BTL properties, in which i have never lived. I now look to buy a house to live in. Will I be eligible to pay the lower tier stamp duty as i'm replacing my main residence? 👉It seems the answer to 1particular questionn in the HMRC stamp duty calculator makes all the difference: see attached Many Thanks for your opinions!
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Hi there I am very grateful for this platform. Thank you! I am going to be moving up to Liverpool for a few weeks to source and buy a BTL property. I am looking at L6 and L7. My aim is rental yields, not so much CG. I really want to network there but it's not that easy. For £150k with 25/30% deposit I am wondering if I go for a better built 3 bedroom house (easy to manage) or a simpler 4 bedroom place (higher yield +more risk). The aim, if all goes well, is to return before end of the Stamp Duty Holiday and purchase another property (Possibly an HMO) for bigger yields. By that time I will know a bit more about the associated risks with property investment in Liverpool. If anybody can shed advice on my strategy, especially re. the amt of bedrooms I purchase on first property, I would be Soooo appreciative. Thanks everyone! Ben
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Fairly new to the UK, I’ve been listening to Property Hub’s Property Podcasts for the past 18 months or so. I’m a few weeks away from completing on a first property for me and my family to live in (which will enable me to access BTL products going forward). There’s been much talk, and I saw an article yesterday suggesting a stamp duty holiday soon, potentially (https://www.thesun.co.uk/news/12027543/rishi-sunak-stamp-duty-holiday-new-buyers/). Unsure whether the holiday will apply to everyone or not, worth noting is that I owned property previously (not in UK), so would not qualify if the holiday was only for first time buyers. Assuming I delayed completion and qualified for the stamp duty holiday, the amount in question represents a substantial portion towards a deposit for a BTL property. The impact is substantial! In short – do I delay completion and wait for the stamp duty holiday (so enabling me to purchase a BTL property), or watch a substantial chunk of money disappear into the ether?
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Fairly new to the UK, I’ve been listening to Property Hub’s Property Podcasts for the past 18 months or so. I’m a few weeks away from completing on a first property for me and my family to live in (which will enable me to access BTL products going forward). There’s been much talk, and I saw an article yesterday suggesting a stamp duty holiday soon, potentially (https://www.thesun.co.uk/news/12027543/rishi-sunak-stamp-duty-holiday-new-buyers/). Unsure whether the holiday will apply to everyone or not, worth noting is that I owned property previously (not in UK), so would not qualify if the holiday was only for first time buyers. Assuming I delayed completion and qualified for the stamp duty holiday, the amount in question represents a substantial portion towards a deposit for a BTL property. The impact is substantial! In short – do I delay completion and wait for the stamp duty holiday (so enabling me to purchase a BTL property), or watch a substantial chunk of money disappear into the ether?
