Shelter’s Income and expenditure figures highlighted13:57 PM, 4th February 2019
About 3 weeks ago 35
I’m currently in the process of buying a property for myself and my partner to live in. We both currently live with our parents so this is will be our first and only residential property.
I have a number of rental properties, all which are rented out and on buy to let mortgages. I have never lived in any of them or have claimed them as my residence.
My solicitor has advised me that we will have to pay the additional 3% stamp duty at the time of purchase.
Is this correct?
He mentioned that there may be a case for us to claim this back as it will be our first residential property. I’ve looked online but I can’t seem to find much information which relates specifically to the situation we find ourselves in.
Any advice would be much appreciated.
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