• Remortgage With Wife, Additional SDLT Payable?

    By Guest on 26th Apr 2016

    Hi,
    I'm currently remortgaging on my main residence, at the same time bringing my wife on to the mortgage (sole to joint mortgage), hence there is a transfer of equity.
    I also have another property (furnished holiday let) in my name only.
    Since the new additional stamp duty came in to effect inApril, does this mean we are liable to pay 3% duty on half of the remortgage value, despite not actually purchasing another property, simply remortgaging?
    If so, is there any way around this, such as staying with my existing mortgage company and adding my wife to the mortgage at a later date (ie gifting the transfer of equity)?
    If we decide to move house in the future will this catch up with us, hence paying more additional stamp duty as the consideration will be correspondingly higher on a more expensive home (should we change at that time from sole to joint mortgage)
    Kind Regards,
    Richard

  • 1 Answers

    By Guest on 26/04/2016

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