M
munchys
New Member
I have a small buy to let in Yorkshire which is worth a lot less than I paid for it.
If I sold it now I would owe the bank around 10k
However I live in London and rent and would dearly love to buy
Does anyone know what my options could be in terms of the hefty stamp duty surcharge I would have to pay if I bought now?
It feels very unfair that homeowners who have bought their home get a dispensation when they sell and buy, when my rental property is in fact my "main residence"
Could I buy via a Ltd company?
Maybe buy a pub/ shop or office and convert it into a flat? Would I still pay the surcharge?
If I sold it now I would owe the bank around 10k
However I live in London and rent and would dearly love to buy
Does anyone know what my options could be in terms of the hefty stamp duty surcharge I would have to pay if I bought now?
It feels very unfair that homeowners who have bought their home get a dispensation when they sell and buy, when my rental property is in fact my "main residence"
Could I buy via a Ltd company?
Maybe buy a pub/ shop or office and convert it into a flat? Would I still pay the surcharge?