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!
Stamp Duty – First time buyer definition
Options
Comments
-
We are also about to purchase a place...
I have never owned a property, but my girlfriend has and has just sold it, but the proceeds of which will not be going to this new property as we have the deposit covered.
She is hoping that we will be seen as first time buyers because earlier in the year, we looked at potentially using the 'Help to Buy' scheme. According to that scheme, as long as her house was sold before we went for 'Help to Buy' that would allow it as I am a first time buyer.
I can see her thinking/hopes, but I doubt we would be that lucky to not pay stamp duty. The property is leasehold and we can for the life of us work out what we would pay! It's all a bit complicated
Different schemes can make up their own definitions of "first time buyer" as it isn't a single legal concept. The definition used by the HTB scheme is not the same as the one used for SDLT.
The changes to SDLT means that, unfortunately, you will not be first time buyers. (Neither will I, because my husband has previously owned a house which was signed over to his ex-wife in the divorce settlement.)0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.2K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.2K Mortgages, Homes & Bills
- 177K Life & Family
- 257.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards