Shelter’s Income and expenditure figures highlighted13:57 PM, 4th February 2019
About 2 weeks ago 35
8:41 AM, 10th May 2016
About 3 years ago
I have a property that I rent out on a consent to let basis with my bank due to it being in negative equity.
I have lived with my girlfriend for around 18 months in her house and we would like to buy a house together.
As everyone is aware the SDLT has now kicked in and it would appear that I would be subject to pay the 3% on our new home. I have looked at options to try and save myself a lot of money and I have read up on joint borrower sole proprietor mortgage, but they are generally geared up for parents and children.
Given I am the bread winner my income needs to factor into a property purchase so this is the only option I can see available for me to avoid paying the 3% or owning my bank money by selling my house.
Does anyone know of any companies offering this mortgage type? I have heard Metro do but the Woolwich is only available as I mentioned earlier to parents.
Has anyone else been in this situation and tackled it differently?
Thanks in advance
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