Question about buying a new build flat

blackbusybee | 13:19 Thu 05th May 2005 | Home & Garden

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I bought a flat off plan back in January. I have now changed my job and need to move again. Can I sell the flat as soon as I have completed. Or do I have to wait for a certain amount of time before I sell. Would I have to pay any penalties (apart from any redemption on the mortgage), or would I be liable for any tax ?? Any help would be appreciated.

Passion Flower

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jester2003

Yes you can be purchasing a property and before the purchase is complete you can simutaniously purchase and sell on the same day. Your conveyancer will have to report to your lender that you intend to sell in such a short space of purchasing it, the penalties will be up to the Lender to decide if they are going to charge for any. Some Lenders require you to own the property for at least six months before you sell but again you must check with your Lender.

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