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Boom ... but very early days

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  • ladymuck
    replied
    Originally posted by Whorty View Post


    There is still rumour and pressure that the current stamp duty holiday may be extended in some way. Gov't said absolutely not, but let's face it, they're quite well known by now for their u-turns

    Looking at the raw numbers, there are something like 300,000+ house sales currently trying to get completed before the deadline that are probably not going to make it. There is a chance that a lot of these will collapse, and for now fault of the buyers or sellers but because the institutions they rely on can't cope.

    Now, the Tories might think they will get a lot of stamp duty by stopping the holiday, but if the sales end then they won't be bringing in much extra cash. Add to that the loss of income for the estate agents (estimated to be as high as £1.8bn) then the treasury will lose out.

    Be much better to phase it out slowly (maybe a 1% each quarter) so there is no hard stop, or maybe (and my preferred) let anyone who has sold by the deadline be able to take advantage of the holiday even if the completion is after the 31st March.

    Interesting times.
    It would be interesting if there was a change to use the exchange date rather than the completion date. You'd see a rush of people exchanging contracts and then lots of property forums seeing questions such as, "I rushed to exchange and now there's an issue with [insert corner cut here], can I change the contract?"

    Leave a comment:


  • d000hg
    replied
    Originally posted by Whorty View Post
    Correct, not toxic but also not a snap decision.

    As I said previously Mrs W and I talked a lot about this over the past 12-18 months; we knew her time was getting short and she has always been my best counsel and she remained so until the end.
    I don't know the details if you were able to plan quite accurately around her passing though I get the impression it certainly was not a surprise.

    Even so, there is discussing plans and then quickly moving on from the place you lived, rather than taking the time before leaving somewhere presumably full of memories.
    I would generally counsel not to make any big changes in your life for a year - as I was counselled myself. We did make some calls quite quickly that in retrospect were probably not the best decisions. Everyone is different though.

    Leave a comment:


  • Whorty
    replied
    Originally posted by BrilloPad View Post
    I have never had a spouse who has been important to me for more than 25 seconds.....
    I know you're trying to be witty, but that is actually quite sad. The 25 years I had with my wife were always fun and happy and I never for one day regretted marrying her - I actually find it sad when people complain about their partners or get divorced.

    Apologies if this bed-wetting upsets anyone

    Leave a comment:


  • Whorty
    replied
    Originally posted by Gibbon View Post
    I had the bloody opposite, moved on the 7th the day they announced the holiday starting on the 8th

    But the eight was also the luckiest day of my life (apart the obvs stuff.) Got the transplant call

    So lost 17K, but gained a kidney!


    There is still rumour and pressure that the current stamp duty holiday may be extended in some way. Gov't said absolutely not, but let's face it, they're quite well known by now for their u-turns

    Looking at the raw numbers, there are something like 300,000+ house sales currently trying to get completed before the deadline that are probably not going to make it. There is a chance that a lot of these will collapse, and for now fault of the buyers or sellers but because the institutions they rely on can't cope.

    Now, the Tories might think they will get a lot of stamp duty by stopping the holiday, but if the sales end then they won't be bringing in much extra cash. Add to that the loss of income for the estate agents (estimated to be as high as £1.8bn) then the treasury will lose out.

    Be much better to phase it out slowly (maybe a 1% each quarter) so there is no hard stop, or maybe (and my preferred) let anyone who has sold by the deadline be able to take advantage of the holiday even if the completion is after the 31st March.

    Interesting times.

    Leave a comment:


  • Whorty
    replied
    Originally posted by d000hg View Post
    From losing loved family my advice would be not to rush unless you need to get 'out' from somewhere that has become toxic - which doesn't sound the case here.

    Time to sit and take stock, don't make snap decisions.
    Hang in there.
    Correct, not toxic but also not a snap decision.

    As I said previously Mrs W and I talked a lot about this over the past 12-18 months; we knew her time was getting short and she has always been my best counsel and she remained so until the end.

    Leave a comment:


  • northernladyuk
    replied
    Originally posted by ladymuck View Post
    17k for a kidney ain't bad
    Costs more for a liver.

    Leave a comment:


  • ladymuck
    replied
    Originally posted by Gibbon View Post
    I had the bloody opposite, moved on the 7th the day they announced the holiday starting on the 8th

    But the eight was also the luckiest day of my life (apart the obvs stuff.) Got the transplant call

    So lost 17K, but gained a kidney!
    17k for a kidney ain't bad

    Leave a comment:


  • Gibbon
    replied
    Originally posted by Whorty View Post
    Question is, what will they do when they realise they need to find an extra £15k
    I had the bloody opposite, moved on the 7th the day they announced the holiday starting on the 8th

    But the eight was also the luckiest day of my life (apart the obvs stuff.) Got the transplant call

    So lost 17K, but gained a kidney!

    Leave a comment:


  • vetran
    replied
    Originally posted by BrilloPad View Post

    I have never had a spouse who has been important to me for more than 25 seconds.....

    and that was when you were thinking of NLyUK so you lasted longer?

    I am changing your name to "Countdown" , seconds to blast off!

    Leave a comment:


  • Whorty
    replied
    Originally posted by Eirikur View Post
    If you want to complete before the stamp duty holiday is finished you will almost have to rent.
    It will be my buyer that is the deciding factor as I'm a cash buyer. Personally I can't see us hitting the deadline, but I'm willing to give it a go if they are. Question is, what will they do when they realise they need to find an extra £15k

    What will be will be, but it's keeping me busy

    Leave a comment:

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