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2 separate houses, want to buy together...
Snaylor
Posts: 1 Newbie
My boyfriend and I both have our own houses, and now want to buy together. His is nearly 2 years into a 5 year fixed rate mortgage, my 2 year fixed rate ends in June. Ideally we want to port his mortgage and buy a house for us and rent mine out (with both of us on both mortgages)... it's confusing in terms of what's the best financial option, least amount of fees, how to deal with second property stamp duty and putting us on each others mortgage etc... any advice gratefully received!
0
Comments
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If you don't wish to pay 2nd home stamp duty. Sell both the properties.
Will both mortgages be affordable after factoring into account the new property?
Letting your property out may result in you incurring a higher rate of interest. Have you factored this into account?
Have you considered the tax implications of letting the property out?0
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