• Stamp Duty Question During An Equity Transfer

    By Guest on 30th Jan 2018

    Dear Sir/Madam

    I'm paying my sibling £220,000.00 (two hundred and twenty thousand pounds) for a transfer of equity so I can buy his share of our late mother's property. I think with that figure above I need to pay £8500.00 stamp duty is that correct please ?

    Second once my mortgage is approved by my lender what else needs doing please ? Will there an exchange of contracts and subsequent completion date like with a regular house purchase ?

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