I was hunting for a new home and had my heart set on a new build. Having been on several viewings, I found a two-bedroom house on a new development being built by a big household name firm which I wanted to make an offer on.
The price of this home was advertised as £320,000, and I confirmed this with the developer s representative at the viewing and in a subsequent conversation.
Shortly afterwards, when the day came to pay a reservation fee to secure the home, the person I then spoke to informed me the price had risen £5,000.
When I queried this, they said that I could afford the increase based on a financial qualification check that I had done. Later in the conversation, they told me that another buyer was about to reserve the home anyway.
Can a developer hike the price of a new build at the last minute?
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Why this London village bucked trends and became a prime property hotspot
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We have just agreed the sale of our home and the purchase of a new one costing £600,000, and there is no chain beyond these two transactions.
We had been working on the basis that there was no way we would benefit from the stamp duty holiday, but I have now read that it could be extended for three months.
Would we be able to get the deals done in that time and benefit from an extended break if it comes, and when would that be announced? Via email
Deadline day: Home buyers are hoping the stamp duty holiday will be extended past 31 March
Could I buy in time to benefit from a stamp duty holiday extension?
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