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Stamp duty assistance
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What is the value of the original house?0
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marliepanda wrote: »Unfortunately your name IS on the other mortgage, so you have to pay the additional property surcharge. There is no way around it whilst adding another property to your ownership.
I am not sure what is unfair really. You are currently providing a home (through mortgage association) for your two children, and now want to buy another home.
I have no financial interest in the original property & it is of no financial benefit to myself, that is what is unfair. I am not buying properties up to make loads of cash, i just want somewhere to live!!!!strongboes wrote: »What is the value of the original house?
Around £220,000 I would estimate.0 -
Umm, yes, you do.paintedtoenails wrote: »I have no financial interest in the original property
You are (I presume) 50% owner of a £220k house, and liable for the entire mortgage should your ex cease paying it.
That looks like a pretty solid financial interest to me.0
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