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Buying the freehold of a property
kermitKA
Posts: 3 Newbie
Hi,
Just a quick question that I can't find the answer to by doing a quick search...
We're looking at buying a flat leasehold for £250k, but want to buy the freehold too (for a number of reasons), but the question is can we pay the vendor for the freehold separate to the property, so not going over the stamp duty threshold of £250k?
And if this is possible, can we still borrow the total amount on a mortgage? i.e £250k for property and say £15k for the freehold so take a mortgage for £265k?
Any help would be much appreciated
Thanks
Just a quick question that I can't find the answer to by doing a quick search...
We're looking at buying a flat leasehold for £250k, but want to buy the freehold too (for a number of reasons), but the question is can we pay the vendor for the freehold separate to the property, so not going over the stamp duty threshold of £250k?
And if this is possible, can we still borrow the total amount on a mortgage? i.e £250k for property and say £15k for the freehold so take a mortgage for £265k?
Any help would be much appreciated
Thanks
0
Comments
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just realised i might have posted this in the wrong section - if this should be in the home buying section could a moderator move it for me?0
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