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    • Keely85
    • By Keely85 8th Jan 18, 10:43 PM
    • 1Posts
    • 0Thanks
    Help with SDLT
    • #1
    • 8th Jan 18, 10:43 PM
    Help with SDLT 8th Jan 18 at 10:43 PM
    Hi All

    I am in the process of remortgaging. The new mortgage will be in my name only as my husband is self-employed and does not have two years worth of accounts.

    We have been told that the property needs to be transferred to me as my husband not be on the new mortgage.

    We will have to pay SDLT?

    The property was bought for 175k in 2013
    It is currently worth 321,500
    We currently owe 160k on the current mortgage but borrowing additional funds, the new mortgage on the house will be 186k

    If anyone can shed any light I would be very greatful as it is very confusing!

    Thank you!
Page 1
    • Tom99
    • By Tom99 9th Jan 18, 2:27 AM
    • 2,261 Posts
    • 1,532 Thanks
    • #2
    • 9th Jan 18, 2:27 AM
    • #2
    • 9th Jan 18, 2:27 AM
    I think you pay stamp duty on half the outsanding motgage ie 80k. Since this is less than 125k there should be no stamp duty.
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