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Mortgage question....

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enthusiasticsaver Posts: 16,062 Ambassador

13 March 2018 at 10:36PM

sandyk01 wrote: »

Yes so the extra 11k would be used for stamp duty. So thatll go to the solicitor and assume they will just keep it for that.

phew- just been panicking for the past hour!

There will be a spare £8k as your new mortgage will be £253k. I am not too up on what stamp duty is since the changes in the last few years but you presumably know what it will be?

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sandyk01 Posts: 86 Forumite

13 March 2018 at 10:41PM

Yes we have the extra 1k. Stamp duty on that 381 will work out as £9050.

Thanks so much for your help!

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enthusiasticsaver Posts: 16,062 Ambassador

13 March 2018 at 10:43PM

Problem solved. Hope the move goes well.

I’m a Forum Ambassador and I support the Forum Team on the Debt free Wannabe, Budgeting and Banking and Savings and Investment boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.

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