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I'm really sorry to hear that Chris, for you, your wife & Children. I've been through tough times recently. I'm not sure if I can fully empathise, but I'll try John
On Friday, 12 February 2021, 07:34:31 GMT, zuiko via groups.io <zuiko@...> wrote:
I don¡¯t know what the purchase system is in Oz, Jude, but the Scottish one seems pretty cruel ¨C closed bids in an auction. ?Ours is pretty straightforward except that it requires a land contract to be signed, sealed and delivered ¨C unlike a simple contract which requires offer, acceptance and a consideration (payment). Our problems arise because conveyancing is a simple enough activity but we hire it out to legal firms who pay conveyancing clerks way too little to achieve timely results and that comes down to greed; which is prevalent in all of the US/UK/Australian company systems. ?But the current situation is grossly exacerbated by the temporary ¡°holiday¡± in Stamp Duty Land Tax. ?SDLT is normally 5% but the Chancellor waived that last year to keep the property market going, and it has been pretty hot! ?It¡¯s not why we decided to move (family reasons) but it did mean that the cash arithmetic was easier to work out. ?If we go past the deadline of 31 March, the increase of ?15k on the purchase price would make the purchase price much less attractive ¨C we might not move. But because of the deadline there are loads of people, hundreds of thousands who are in the process of buying and selling putting extra pressure on those poorly paid clerks and making it take much longer. ? Chris
You all daft about far to much in England in settling a house. Dare I say you need to adopt the Scottish system which is more straight forward it would seem .... or better still the Australian system. ? Jude |
