Anyone else benefiting from the change to Stamp Duty?

[BeautifulLiar]

I'm over the moon! Loads has gone wrong for me lately (not house related) so this is welcome news.

We're hopefully completing next month and will save £300.

I'll be using that to buy a giant new wardrobe!

Raven, you definitely won't have to pay it. Google it to see the actual paper on it which clearly states it's for any completions after 00.01 on 22nd Nov.

Good luck Raven x

MrsDoyleFallingOutTheWindow
i agree with you.

Enjoy your bubbles whilst the universal credit shake-up will send poor families to food banks for Christmas.

I'm sure it will benefit a few people in the short term, but in the longer will just put more pressure on the price of houses currently marketed just below £125k & £250k, the old thresholds.

Some of these comments are very harsh. Of course First time buyers are going to be thrilled, they are managing to buy a house and the chancellor did them a favour in the mid term budget.

It has nothing to do with universal credit.

These first time buyers do not make policy decisions!!

BarchesterFlowers nothing happens in a vacuum. The budget is about who gets what. The already privileged those who can buy first time homes get a small booster whilst looking forward to 20 years of pay stagnation whilst British people in lower socio-economic settings will descend further into despair. I get that it's nice to spend save a few ££ but it looks ignorant and insensitive to talk publicly about using the saved money to buy expensive bubbles because it suggests that these first time buyers were hardly struggling whilst people with nothing will have even less as they are undeserving.

It's just a crass comment in a society where poverty is growing fast and the government is facilitating it. Also remember it's a tax break. A few individuals will benefit but the money they would have paid in stamp duty would have gone into a common pot which it wont now.

The first time buyer I know has two small children and a husband who works all sorts of hours in Sainsbury’s. They can’t afford to run a car and have scrimped and saved for years to be able to buy their first home. The woman has at least five part time jobs to fit around their children.

They are not privileged or crass or remotely well off. Why shouldn’t they buy themselves a bottle of bubbly from the few hundred quid they have saved this week if that is what they choose to do??

Your comments are entirely misdirected, send them to Westminster not someone on here who has saved a few hundred quid and is delighted about it.

I’m glad you’ve saved some money and you can spend it however you like! How ridiculous that we live in a world where someone who had bought a modest house and saved abit of money is criticised because there’s someone worse off. Buying a house isn’t just for the ‘privileged’ people work bloody hard to own their own homes

Thank you! For what it's worth, I have four round children and care for one with autism, and DP works all hours as a lorry driver, and we have scrimped and saved. No help from mum and dad as even though they are wealthy, they're wankers. The champagne would be well timed - it is coming up to Christmas after all!

Young children, not round 😂

@FfffddOff your comments are directed at the wrong people. A FTB buying themselves a bottle of champagne to mark a major life chancing and stressful event is not the cause of families using food banks.

People can't afford hundreds of thousands on a house though-that's why they take out mortgages. Some people will pay as little as £15k upfront for a £300k house. When you look at it that way a couple thousand pounds is actually a big deal.

Houses near me cost £500,000 for more than 2 bed - so it won't help us at all, great it's helping people get onto the ladder but what about those who missed the ladder entirely and had children?

Houses near me cost £500,000 for more than 2 bed - so it won't help us at all

The average house price is about half that figure. Why should the Govt put money into making over-priced areas even more over-priced. The £500k cap is quite sufficient.

Enjoy it all beautiful, your new home, champagne 🥂 and round 👶.

It doesn't help us directly as not FTB. But hope it will make our house easier to sell.

Barchester 😂 hopefully my four round children will love the house

We completed on our first home 4 weeks ago, so we just missed it! Bit gutted that we could've had an extra £3k towards doing the house up if the process had taken a few weeks longer, but no getting wound up about it. Although my did mum suggest we ask for a refund ummm no, got to suck it up I'm afraid!

V happy for those who are benefitting from it on this thread. Personally speaking am a bit gutted as it could have made a difference to us but only one of us is a FTB according to their definition, so we're missing out.

£300k cap, and i wasn't suggesting they up it - however another scheme would be useful. Maybe rent control or some sort of 100% mortgage availability to those Who have perfect credit scores & demonstrable future earnings without the ability to save as rent is too high!

Good grief Beautiful. Coming on here, boasting about your "round", well-fed children. Spare a though for all the hungry children out there.

You have every right to have a bottle of bubbly - as someone said, you don't make the policy decisions and it sounds like you and your DH have worked really hard. I think it's just a case of sour grapes (pun intended).

We benefitted from the stamp duty change last time but, like you, we worked our socks off for years to save with no help from the Bank of Mum and Dad (mine still rent their council house) and still managed to buy in London of all places. Just because you can afford to get on the property ladder doesn't mean you're rich/priveledged.

Sorry if I put a bit of a downer on it OP, please enjoy your champers - and congratulations

Thanks Crumbelina. And wow, London congratulations for affording that! God, I'll never live down the "round" children typo! What is wrong with me?!

I'm really pleased for FTB, any saving in money is a bonus 😃 Enjoy your bubbly it's a very big deal to be getting your first home 😁

I can't actually believe how pathetic some of the comments are on here, green eyed monster certainly rears its ugly head doesn't it? Because a slight saving to FTB is really sending people to the food back, p leeeease!

How about work your butt off, do overtime, and cut back in literally every aspect of your spending as posisble & you will soon start to build up a deposit. Yes it's difficult, but everyone else has to do it. That's what comes with living in one of the best Countries in the world!

It is always the same sun, the have nots appear from behind the bravery of their screens to rain on someone's parade.

I hope beautiful and her DH (and not their round children) celebrate in style in their new home with plenty of 🍾🍾🍾🍾.