eu_citizen
New member
Hi,
We are a couple, looking to buy a property. My wife has a flat back in an EU country where we are from, and she still has a mortgage on it. I don't have any properties in my name.
I was told that we would have to pay extra 3% stamp duty tax, as we would not be considered "first time" buyers.
Would there be a reasonable way of not paying the extra tax? I was told that there might be an option on having the mortgage in my name only. I am the high earner of the family so I am able to get the same mortgage in my name only, but I don't know what that implies given that we are married. Also, i was told that I might not get the best refinancing options after the mortgage ends, if I am the only one on the mortgage.
The flat back home cannot be easily put into someone else's name(like a family member) because my wife still has a mortgage on it. And I don't know if it would even count towards what is considered to be "first time buyer" in the UK?
Any advice is very welcomed!
We are a couple, looking to buy a property. My wife has a flat back in an EU country where we are from, and she still has a mortgage on it. I don't have any properties in my name.
I was told that we would have to pay extra 3% stamp duty tax, as we would not be considered "first time" buyers.
Would there be a reasonable way of not paying the extra tax? I was told that there might be an option on having the mortgage in my name only. I am the high earner of the family so I am able to get the same mortgage in my name only, but I don't know what that implies given that we are married. Also, i was told that I might not get the best refinancing options after the mortgage ends, if I am the only one on the mortgage.
The flat back home cannot be easily put into someone else's name(like a family member) because my wife still has a mortgage on it. And I don't know if it would even count towards what is considered to be "first time buyer" in the UK?
Any advice is very welcomed!
