Married Couple, Wife first time buyer

madeinireland_2

What happens when the parties are not married but simply girlfriend and boyfriend. Can the first time buyer buy the house and then they marry afterwards meaning the assets are now jointly owned?

There is a mortgage type - joint applicant sole proprietor which they could use to purchase the property before they marry. It would of course depend on trust between the parties on the second part of the deal happening ��

TON

TON wrote: »

So I am in the same situation and I have read the gov.uk guidance. At best it is unclear about married couples and only talks about "individual and individuals".

"A first time buyer is defined as an individual or individuals who have never owned an interest in a residential property in the United Kingdom or anywhere else in the world and who intends to occupy the property as their main residence.

Surely this allows a wife to purchase a property as an individual as a different first time buyer especially when the husband owns a house he bought before they married?

So I rang the Stamp Duty Help line and as painful as it is they class married couples as a unit for tax purposes and so if you keep the first house you will pay the higher tax rate.
However, if you do sell it within 3 year you can claim the higher tax rate percentage back

Pixie5740

TON wrote: »

So I rang the Stamp Duty Help line and as painful as it is they class married couples as a unit for tax purposes and so if you keep the first house you will pay the higher tax rate.
However, if you do sell it within 3 year you can claim the higher tax rate percentage back

No !!!! Sherlock. That information is in the manual linked to on this thread and just about every other thread about the higher rate of SDLT of which there are many.