P
pblily0209
New Member
Hello,
I'm new to the forum and hope to learn a lot about property but also would appreciate if anyone can assist with a query I have on the upcoming stamp duty changes.
I currently hold a joint residential mortgage with my partner. We are looking to separate with him staying in the flat and I would look to purchase another flat to live in. I plan to stay on the mortgage and be responsible for half of the mortgage payments. Under these circumstances, will the additional 3% stamp duty apply when I purchase another flat?
From what I have read, the 3% does not apply if you are purchasing a new main residence, but only if you sell your previous main residence. I do not plan to sell but I do plan on moving my main residence to the new flat.
Any advice or help would be appreciated!
I'm new to the forum and hope to learn a lot about property but also would appreciate if anyone can assist with a query I have on the upcoming stamp duty changes.
I currently hold a joint residential mortgage with my partner. We are looking to separate with him staying in the flat and I would look to purchase another flat to live in. I plan to stay on the mortgage and be responsible for half of the mortgage payments. Under these circumstances, will the additional 3% stamp duty apply when I purchase another flat?
From what I have read, the 3% does not apply if you are purchasing a new main residence, but only if you sell your previous main residence. I do not plan to sell but I do plan on moving my main residence to the new flat.
Any advice or help would be appreciated!