Deferring/delaying SDLT as a cheap loan? Deferring/delaying SDLT as a cheap loan? - Page 2
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  1. #11

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    Director's loan, surely?

  2. #12

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    Cheaper house? (£20k SDLT = £600k house)

    Defer purchase until you actually have the money?

    I don't think your convenyancer will give you the option to not pay them the SDLT before completion.

  3. #13

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    Would the solicitor go ahead with completion if he did not have the funds in place?
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    Quote Originally Posted by chopper View Post
    Cheaper house? (£20k SDLT = £600k house)

    Defer purchase until you actually have the money?.
    We think this is 'the' house otherwise we wouldn't be looking until we had all the funds in place... it's pretty unique.

    Quote Originally Posted by fullyautomatix View Post
    Would the solicitor go ahead with completion if he did not have the funds in place?
    I did wonder that too. Conveyancing quotes include the SDLT and I know they expect to pay the SDLT for you on completion but I do not know if they would countenance letting you be responsible or not.
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    Quote Originally Posted by d000hg View Post
    We think this is 'the' house otherwise we wouldn't be looking until we had all the funds in place... it's pretty unique.
    I would take out the money and if you need to buy a car etc use a credit card/loan.

    Quote Originally Posted by d000hg View Post
    I did wonder that too. Conveyancing quotes include the SDLT and I know they expect to pay the SDLT for you on completion but I do not know if they would countenance letting you be responsible or not.
    I remember I had to pay everything including stamp duty to their client account BEFORE contracts where exchanged. They then screwed up by not informing the land registry until I noticed a few months later.
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    Quote Originally Posted by SueEllen View Post
    I would take out the money and if you need to buy a car etc use a credit card/loan. .
    People have to use credit cards and loans to buy cars????
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    Quote Originally Posted by northernladuk View Post
    People have to use credit cards and loans to buy cars????
    Some people choose to even if they don't need to.
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  8. #18

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    Quote Originally Posted by northernladuk View Post
    People have to use credit cards and loans to buy cars????
    They do when they're trying to buy a house they can't afford.

    Credit cards and loans will, of course, affect mortgage affordability.

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    Quote Originally Posted by chopper View Post
    They do when they're trying to buy a house they can't afford.

    Credit cards and loans will, of course, affect mortgage affordability.
    You buy the house first then if you need to buy a car, because yours is soo broken it can't be repaired, you use a credit card/loan.
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