The Incentive to First Time Buyers Ends


People buying their first home were given a much needed boost in March 2010 by the government but sadly this incentive to first time buyers is due to end ended on the 24th March 2012 (i.e. if you complete on 24th March you will be fine but on 25th March, you will pay the full rate).

First time buyers

So what can you do?  You have just found your dream first home.  £174,000 of lovely bricks and mortar and you meet the criteria – but here's the rub...if you don't complete by 24 March then you will pay a further £1,740 in SDLT.

Worse, imagine paying an additional £2,500 if you are lucky enough to be buying a home at the limit of the threshold?

At Conveyancing Expert we have a team of dedicated experts who can complete faster than most.  Many people report to us that their transaction took around 3 months to complete – we are currently running at an average of just 6 weeks!

In addition, we offer a priority service which means that if you need a transaction pushing through then for a small sum, you can speed up your transaction (unfortunately, this is subject to the seller as well – as if they won't give us the answers we require, then we can't do anything as we will not skip important legal questions and take a risk with your money).

If you instruct us

On or before 10 February No additional charge
you will benefit from our superbly low prices
On or before 17 February Just £100 additional
On or before 24 February Just £200 additional
this will probably still be a bit cheaper than many other firms
After that time RING AND ASK

Unfortunately, we cannot guarantee that you will complete before March 24th as we are dependent on the other side of the transaction (or a chain in some instances) though we will always do our best to achieve this date and to date we have an exceptionally high success rate in getting the transaction done in the required timescale.

One way that we can control matters more effectively is if we are acting for both buyer and seller (as a licenced conveyancing firm, we can act for both).

To discuss any of the above or if you have any specific queries, please do not hesitate to contact us on 0844 412 5857.
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