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Mortgage advice please
gazzathered
Posts: 10 Forumite
Hi,
After some advice, my partners parents are moving down to us. After selling their house for £70,000 they will be £125,000 short for a new house here,
My brother in law wants to take on the mortgage as an investment, my partner wants to go joint in the mortgage with him.
He will be a first time buyer with a £70,000 down payment, will he have to pay stamp duty?
How difficult is this scenario with a joint mortgage between him and my partner who is already in a joint mortgage with me.
Also anyone know of good banks etc... to go with.
Hope you can help
After some advice, my partners parents are moving down to us. After selling their house for £70,000 they will be £125,000 short for a new house here,
My brother in law wants to take on the mortgage as an investment, my partner wants to go joint in the mortgage with him.
He will be a first time buyer with a £70,000 down payment, will he have to pay stamp duty?
How difficult is this scenario with a joint mortgage between him and my partner who is already in a joint mortgage with me.
Also anyone know of good banks etc... to go with.
Hope you can help
0
Comments
-
Stamp duty will be payable unless all purchasers are first time buyers so if your partner is one of the buyers then stamp duty will be payable if over the threshold.0
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