My BTL flat that's been on the market for 6 months has dropped from £330 and I can't get a buyer at £280. I'm renting it out again as it's worth more to me rented - I don't need to sell. If I did, I'd have to cut the price some more.
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House prices and stamp duty
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...my quagmire of greed....my cesspit of laziness and unfairness....all I am doing is sticking two fingers up at nurses, doctors and other hard working employed professionals...
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Thanks for the replies.
I understand the sarcasm from some of you. But I should say that we are in a reasonably well to do part of London, and I'm not sure things are quite as bad here as in some places. There certainly still seems to be a fair amount of activity on the market.
Maybe you are all correct, once I get a valuation I may be in for a shock. However, if it has reached as low as 250 at least it solves the stamp duty problem!
It doesn't really matter what the values are to be honest - our problem is finding something we want at an affordable price. So the lower they go, I suppose the more chance there is that we will. The biggest problem, as you say, is going to be finding buyers.Comment
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"As for bandings being re-evaluated because property prices have dropped... as long as all property prices are dropping at a similar rate everywhere then the bandings surely remain the same."
I thought the Governmint had not that long ago proposed re-banding on the grounds that house prices had been soaring. Sauce for the goose......Boom boom boom boom
A-haw haw haw haw
Hmmm hmmm hmmm hmmm
Hmmm hmmm hmmm hmmmComment
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Originally posted by Gros View PostI understand the sarcasm from some of you. But I should say that we are in a reasonably well to do part of LondonRule #76: No excuses. Play like a champion.Comment
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Originally posted by wonderwaif View Post"As for bandings being re-evaluated because property prices have dropped... as long as all property prices are dropping at a similar rate everywhere then the bandings surely remain the same."
I thought the Governmint had not that long ago proposed re-banding on the grounds that house prices had been soaring. Sauce for the goose......Comment
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Originally posted by Xenophon View PostNot at c.£250k, Shirley...Comment
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Originally posted by TykeMerc View PostIs NEVER sauce for the gander when it comes to taxes as you know perfectly well.Boom boom boom boom
A-haw haw haw haw
Hmmm hmmm hmmm hmmm
Hmmm hmmm hmmm hmmmComment
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Originally posted by Gros View PostQuite average (below in many areas) for a 2 bed maisonette... isn't it?Rule #76: No excuses. Play like a champion.Comment
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Originally posted by wonderwaif View PostYou're right, I do know that. Just pointing out that dang65's argument SHOULD, in a fair society, work both ways.Comment
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Originally posted by TykeMerc View PostFair can very rarely be applied to taxes.Boom boom boom boom
A-haw haw haw haw
Hmmm hmmm hmmm hmmm
Hmmm hmmm hmmm hmmmComment
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