Hi there,
Just looking for advice. I bought a house with my brother 2-3 years ago. It was my first house, but not his - so we ended up paying stamp duty at the investor rate on it, as we owned it 50/50. Neither of us have ever lived it in, it has been rented out.
Now I'm looking to sell this house, and buy with my girlfriend, who would be a first time buyer. Just wondering, as I have never bought as house as a first time buyer, am I one? Is it like a token you get to use once, or is it gone once you buy a property, whether you buy as a first time buyer or not.
If I'm not a first time buyer, then my girlfrienda and I will be charged stamp duty on this house we buy. Seems odd to me, means I'd never have been allowed my rights as a first time buyer?
Any ideas?
Just looking for advice. I bought a house with my brother 2-3 years ago. It was my first house, but not his - so we ended up paying stamp duty at the investor rate on it, as we owned it 50/50. Neither of us have ever lived it in, it has been rented out.
Now I'm looking to sell this house, and buy with my girlfriend, who would be a first time buyer. Just wondering, as I have never bought as house as a first time buyer, am I one? Is it like a token you get to use once, or is it gone once you buy a property, whether you buy as a first time buyer or not.
If I'm not a first time buyer, then my girlfrienda and I will be charged stamp duty on this house we buy. Seems odd to me, means I'd never have been allowed my rights as a first time buyer?
Any ideas?