Jump to content

Buying shared equity


stefan_k

Recommended Posts

Hi,

My girlfriend bought a flat through builder scheme 10 years ago, where the builder owns 25% shared equity. It was an no interest 10 year loan incentive. My partner is not working and so she can't remortgage the property to pay off shared equity. On the other side I have enough cash and that could buy that shared equity, but I have 2 questions:

A ) How much does it cost to transfer the equity to my name?

B ) I plan to buy my first home next year on mortgage and as I know, one does not pay stamp duty if it is my first and main home. Would this shared equity ownership affect me paying stamp duty or mortgage next year?

Link to post

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...