stamp duty and house repairs

J

johnnyg

Registered User
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600
Hi,

I've an offer in of buying a house for 400K and liable for 30K stamp duty, but the house would need around 40K of work/repairs. is there any way of getting this taken into account? I know you can take out a home repair loan and claim back the interest on it but don't want that.

Cheers,
J
 
Reduce your offer from 400K to 360K explaining that you need to do 40K of repair work.
 
Do you mean taken into consideration when getting a loan offer? Yes, if valuer can confirm that the works to be done will increase the value and you qualify financially for the extra principle.
 
Thanks vanilla / jpd, but loan offer is fine..and i have reduced the offer to include repairs, but was wondering if this was taken into account when calculating stamp duty
 
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