We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Converting 2 flats into house - STAMP DUTY?
buckmoy
Posts: 6 Forumite
Hello!
I have two flats - a 2 floor maisonette (got a residential mortgage on that) and a 1 bed garden flat (got a BTL on that)
Converting into a house due to imminent arrival of baby..
They are both leasehold (but have permission to convert, and ability to buy freehold if needed)
Current provider of residential mortage is up for giving me a new mortgage to cover value of both existing ones after conversion is complete.
Been told by conveyancer I have to pay stamp duty though. Any cunning ideas as to how I could avoid paying stamp duty? :eek:
I have two flats - a 2 floor maisonette (got a residential mortgage on that) and a 1 bed garden flat (got a BTL on that)
Converting into a house due to imminent arrival of baby..
They are both leasehold (but have permission to convert, and ability to buy freehold if needed)
Current provider of residential mortage is up for giving me a new mortgage to cover value of both existing ones after conversion is complete.
Been told by conveyancer I have to pay stamp duty though. Any cunning ideas as to how I could avoid paying stamp duty? :eek:
0
Comments
-
Hmm - just had an email from same conveyancing company now saying i DONT need to pay as I already paid when I bought the property - and am not transferring names
phheeeww.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.4K Banking & Borrowing
- 253.3K Reduce Debt & Boost Income
- 453.8K Spending & Discounts
- 244.4K Work, Benefits & Business
- 599.6K Mortgages, Homes & Bills
- 177.1K Life & Family
- 257.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards