What are my options? Want new home, paid off flat already.

tlc678910

Hi OP,
If you buy the new property jointly and put down a much larger deposit than your partner make sure you remember to get your solicitor to protect your interests so you are due a greater amount if the relationship breaks down. If you don't do this and buy as joint tenants you may be forced to split the equity 50:50.

burtbot1

Niv wrote: »

Please explain this, I am not aware of this restriction. What measures are in place to stop someone airBNBing their place throughout the year?

It might actually just be a greater London thing - but there's a 90 day limit in place;

https://www.airsorted.uk/blog/90-day-airbnb-rule-and-what-it-means-you/

KatrinaWaves

seatbeltnoob wrote: »

OP isn't an idiot, idiots don't gather £125K in savings. So stop talking like he's an idiot.

OP clearly stated reasons why they don't want to sell the property they have and can't spend the savings they have on buying a bigger property.
.

The amount of money someone has no bearing on their intelligence and what they know.

Based on the facts we have: OP has money. OP wants to buy a flat with no income and no deposit because they don't want to sell their flat. OP does not know what stamp duty is.

I'm not sure anyone is talking down to anyone or being condescending. Telling someone 'you cant buy a house with no money and no income' is not condescending, if they dont know that already then it needs to be explained in simple terms. The amount you have in the bank has no bearing on this.