House Purchase - Advice

[coollino]

Maybe one for the PSR experts?

 

[navidson]

Sell hers, let her buy the new one in her name. Then sell yours before having your name added to the mortgage.

I think this might be the way forward - Just depends on how difficult it is to add myself onto the mortgage

 

[COYBL25]

Have you tried putting both of the houses in rice ?

 

[GrandOldTeam]

After 13 blissful years of living in our own separate houses, the missus and I have decided to pool resources and buy a new house together

The original plan we had was to sell her house - and use the equity in there to acquire the mortgage on the new place. Then, once that was all sorted, I would sell my house, using the equity in mine to fund any renovations and hopefully pay a lump off the new mortgage total.

The complication seems to come from the dreaded Stamp Duty. If I sell my house separately, then the new house will become my 'second home' apparently - and therefore I will need to pay a large chunk of cash towards Stamp Duty (even though we will have already paid Stamp Duty when we buy the house)

Does anybody have any advice on the best way to navigate the whole financial mess which is buying and selling a house in modern Britain?

If you've not yet boxed mortgage off, would recommend Steve. Helps he's a blue, too!

Mortgages - Steve Dyson

Mortgages are boring! Even I know that but what they help you to buy certainly isn’t. I will help you through the process making it clear and simple whilst

stevedyson.co.uk

 

[navidson]

Maybe one for the PSR experts?

Reckon I could get USM to sponsor the new house?

 

[Moomin]

Maybe put the second house in a bowl of rice.

 

[Milk]

After 13 blissful years of living in our own separate houses, the missus and I have decided to pool resources and buy a new house together

The original plan we had was to sell her house - and use the equity in there to acquire the mortgage on the new place. Then, once that was all sorted, I would sell my house, using the equity in mine to fund any renovations and hopefully pay a lump off the new mortgage total.

The complication seems to come from the dreaded Stamp Duty. If I sell my house separately, then the new house will become my 'second home' apparently - and therefore I will need to pay a large chunk of cash towards Stamp Duty (even though we will have already paid Stamp Duty when we buy the house)

Does anybody have any advice on the best way to navigate the whole financial mess which is buying and selling a house in modern Britain?

Change your name to Angela?

 

[LostLegend]

After 13 blissful years of living in our own separate houses, the missus and I have decided to pool resources and buy a new house together

The original plan we had was to sell her house - and use the equity in there to acquire the mortgage on the new place. Then, once that was all sorted, I would sell my house, using the equity in mine to fund any renovations and hopefully pay a lump off the new mortgage total.

The complication seems to come from the dreaded Stamp Duty. If I sell my house separately, then the new house will become my 'second home' apparently - and therefore I will need to pay a large chunk of cash towards Stamp Duty (even though we will have already paid Stamp Duty when we buy the house)

Does anybody have any advice on the best way to navigate the whole financial mess which is buying and selling a house in modern Britain?

Make sure it’s not bigger on the inside than it is on the outside. *taps nose*

 

[LinekersLegs]

After 13 blissful years of living in our own separate houses, the missus and I have decided to pool resources and buy a new house together

The original plan we had was to sell her house - and use the equity in there to acquire the mortgage on the new place. Then, once that was all sorted, I would sell my house, using the equity in mine to fund any renovations and hopefully pay a lump off the new mortgage total.

The complication seems to come from the dreaded Stamp Duty. If I sell my house separately, then the new house will become my 'second home' apparently - and therefore I will need to pay a large chunk of cash towards Stamp Duty (even though we will have already paid Stamp Duty when we buy the house)

Does anybody have any advice on the best way to navigate the whole financial mess which is buying and selling a house in modern Britain?

Don’t have any advice on UK buying/selling but congrats on moving in together and the new house!

 

[kev]

I think this might be the way forward - Just depends on how difficult it is to add myself onto the mortgage

It's what we did and I don't recall any problems although it was nearly 20 years ago

 

[Bedfordblue]

Have your Mrs sell her house, then have her transfer the money into a sole account in your name, then send her packing and keep the cash.
Saving yourself a whole heap of aggro down the line and making some money at the same time.
Your welcome.

 

[trueblue84]

Bury your missus under the patio and have 2 houses.

 

[Moomin]

Bury your missus under the patio and have 2 houses.

Which patio though?

 

[cronullasharks]

Have you thought about renting both homes out and just squatting in @Joey66 house?

 

[Moomin]

Have you thought about renting both homes out and just squatting in @Joey66 house?

He could disguise himself as a Dyson