• Transfer Of Equity

    By Guest on 07th Jul 2017

    hello, I currently have a joint mortgage with my ex husband. His name was removed from the title deeds but he has a 30% beneficial interest in the property. My new partner wishes us to take out a joint mortgage to pay off my ex husband and remove his charge on the property. Current house value is £380K, new mortgage will be £290K. The equity I have his approx £70K and my new partner is contributing £5.5K. I understand we may be liable for stamp duty. Is this the case if we have our shares as tenants in common giving me a greater share? I'm considering a 90/10 split. Grateful for your advice.

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