We’d be interested to know what agents are doing about VAT.
Chesterton Humberts, for example, is freezing VAT at 17.5% until February 28.
The firm will pay the extra 2.5% themselves, as long as sellers instruct the company as sole agents at their standard commission rate and contracts are exchanged on or before April 30.
Robert Bartlett, Chesterton Humberts CEO, says: “We want to give property owners considering selling a bit of motivation. With prices rising across the board, we want to do what we can to minimise the pain.”
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Comments
Forget the 2.5% saving - Chestertons are offering 1% fees in our area!! Good advert though - fair play!!
freeze the vat , but charge the client a little more commission ;-) great idea!
I knew one agent would try the old 'freezing VAT' routine. Must think the public are mugs!!