Chain free buyers discounts????

[Didicat]

So after our buy broke down we moved into rented. Planning on restarting the hunt after a few months break. Looking to buy a property over £500k so want to take full advantage of the stamp duty cut.

Do you think sellers would be willing to take a % less for chain free buyers in the hope for speed to make the 31st of March cut off??

It depends on people’s circumstances. Some people are keen to move so they’ll accept a slightly lower offer from a chain free buyer.

I would have done though not buying just selling atm so no advantage to us in terms of stamp duty just less chance of it falling through. I would also have favoured a chain free offer over another one as long as the deposit wasn't low. Does depend on seller though, some will just go with highest price.

Thanks we would be looking at LTV 40% cash 60% mortgage

@KoalaRabbit what sort of percentage off do you think you would have accepted?

Completely depends on circumstances.
Regardless of the stamp duty holiday, anyone not needing to sell is ALWAYS a more attractive proposition than someone with a chain.

OTOH, around here, the stamp duty holiday has made homes 'fly off the shelves' as it were. For sale signs are going up and before you can blink, there is a 'sold sign on the property - so you could argue that, in a fast moving market, there is no need to 'discount'.
Equally, you could say "these people who want my house are already saving £X thousand by not having to pay stamp duty, I suspect they have the full asking price in them, with the money they re saving".

Some vendors will be desperately also trying to get in and buy without paying stamp duty, others might not be in that situation.

I think it depends a bit how long a property has been on for, the longer the more keen I would be to do a deal. We accepted a deal after 5 weeks at 91% of first asking price so maybe 10% below in say 2nd or 3rd month.

Our bought our last house in cash after previous buyer had bought with a mortgage but pulled out after exchange, had been on market a year but only a week on again when we made our offer. I got it for 15% below the other offer.

It will vary a lot with vendor though and a few wouldn't reduce at all.