Hi, hope i got the correct forum here ..
My girlfriend is purchasing a house as a FTB. My name is on her mortgage application as she would not qualify on her own. I am not a FTB myself. The deeds of the property are going to be registered in her name only.
The bank and an accountant the we have spoken to have told us she should not be liable for stamp duty as I am not benefiting from the property..
However the solicitor who is handling the conveyancing for her has claimed that my name on the mortgage application means that it is now an investment property and she is now liable for 5% investor stamp duty.
Can anyone clarify this situation for us ?
Thanks,
Sean
My girlfriend is purchasing a house as a FTB. My name is on her mortgage application as she would not qualify on her own. I am not a FTB myself. The deeds of the property are going to be registered in her name only.
The bank and an accountant the we have spoken to have told us she should not be liable for stamp duty as I am not benefiting from the property..
However the solicitor who is handling the conveyancing for her has claimed that my name on the mortgage application means that it is now an investment property and she is now liable for 5% investor stamp duty.
Can anyone clarify this situation for us ?
Thanks,
Sean