Is This Man A Bigger Liar Than Boris.
News3 mins ago
Buying the other party's share in a jointly owned house
1 Answers
My brother and I jointly bought a house several years ago and have a joint mortgage. When he moved out he continued to pay his 50% share on the agreement that when the 2 year deal expired I would buy his share.
We are listed on the land registry as tenants-in-kind
My partner and I now live in the house and have agreed a price of �70,000 to pay my brother for his share which will be funded by the sale of her property (and also pay off her mortgage) and a remortgage in my partner and my names.
What is the easiest way to approach this given that it can't really be completed until my partner's property is sold and also would we be liable to pay stamp duty on the money we give my brother to pay for his share ?
We are listed on the land registry as tenants-in-kind
My partner and I now live in the house and have agreed a price of �70,000 to pay my brother for his share which will be funded by the sale of her property (and also pay off her mortgage) and a remortgage in my partner and my names.
What is the easiest way to approach this given that it can't really be completed until my partner's property is sold and also would we be liable to pay stamp duty on the money we give my brother to pay for his share ?
Answers
Only 1 answer
Best Answer
No best answer has yet been selected by rockin_robin. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.Only 1 answer
Related Questions
Sorry, we can't find any related questions. Try using the search bar at the top of the page to search for some keywords, or choose a topic and submit your own question.