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Adding a partner to a property without being liable to stamp duty
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Howesc
Posts: 1 Newbie
Can I sell my partner a percentage of my house (not mortgaged) for any sum I choose? Can transfer 40% of equity for say £120k, regardless of the value of the property?
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Comments
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Stamp duty is currently being tapered back in, but 120k will be below the rate you would pay anything anyway. If you mean get an agreement drawn up (deed of trust or similar) then it will cost you solicitor fees of a couple of hundred quid. Does your partner need a mortgage or do they just have the cash lying around?0
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if they need a mortgage, unlikely a lender will be found to buy a % of a house."It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"
G_M/ Bowlhead99 RIP0
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