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  • FIRST POST
    • PIcture123
    • By PIcture123 7th Dec 17, 6:04 PM
    • 1Posts
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    PIcture123
    Stamp duty first time and second time buyer.
    • #1
    • 7th Dec 17, 6:04 PM
    Stamp duty first time and second time buyer. 7th Dec 17 at 6:04 PM
    I’m a first time buyer. My partner owns a property which he isn’t selling. If we get a joint mortgage on a property around £200K will we have to pay stamp duty? Is it possible to avoid it by having the deeds in my name only?
Page 1
    • Thrugelmir
    • By Thrugelmir 7th Dec 17, 6:11 PM
    • 58,892 Posts
    • 52,221 Thanks
    Thrugelmir
    • #2
    • 7th Dec 17, 6:11 PM
    • #2
    • 7th Dec 17, 6:11 PM
    Still remains a "purchaser".
    Financial disasters happen when the last person who can remember what went wrong last time has left the building.
    • nubbins
    • By nubbins 7th Dec 17, 6:11 PM
    • 707 Posts
    • 941 Thanks
    nubbins
    • #3
    • 7th Dec 17, 6:11 PM
    • #3
    • 7th Dec 17, 6:11 PM
    Probably not, as for one name on deeds and two on mortgage I really cant see any bank or solicitor doing that.
    • 00ec25
    • By 00ec25 7th Dec 17, 6:18 PM
    • 6,498 Posts
    • 6,037 Thanks
    00ec25
    • #4
    • 7th Dec 17, 6:18 PM
    • #4
    • 7th Dec 17, 6:18 PM
    having read the guide, what do you not understand about the word "purchaser"?
    Chapter 1, page 4, 5th line of text...
    https://www.gov.uk/government/publications/stamp-duty-land-tax-relief-for-first-time-buyers-guidance-note
    • michelle09
    • By michelle09 7th Dec 17, 7:03 PM
    • 785 Posts
    • 4,336 Thanks
    michelle09
    • #5
    • 7th Dec 17, 7:03 PM
    • #5
    • 7th Dec 17, 7:03 PM
    Never mind pay stamp duty, if your partner isn't selling their property you will need to pay an extra 3%.
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