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Stamp duty / mortgage
MMGG
Posts: 33 Forumite
Can a mortgage include what you have to pay out on stamp duty?
0
Comments
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No, it can't.0
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stamp duty comes from your savings.
When you buy a house, what you need in cash are:
Solicitors fees
Stamp duty
moving costs.
When you take these away from your savings, you still need at least 10% (or whatever your mortgage stipulates) left to actually buy the house.0 -
Are you a first time buyer?
If so then no
however if your selling a property with equity in it then if the figures work out it would be possible to use some of the equity from the sale to pay the stamp duty on the new house, while taking a slightly bigger mortgage on the new property due to a smaller deposit being paid. Technically your not putting the stamp duty on the mortgage though!
Hope what I said makes sense, its what i done when i moved house 4 years ago.0 -
Thamk you all for your feedback and comments, much appreciated.0
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