11:24 AM, 28th January 2022, About 2 years ago 9
We have Let to Buy (LTB) mortgage offers, but they are conditional on the freehold not being held in my name. How can we get past this with minimal tax implications and expense?
Time is of the essence as we have a new build we are due to exchange on very, very soon.
The freehold is unencumbered, but the flat has an existing mortgage. We were thinking of gifting the freehold to a friend, which sorts the immediate issue but has implications for him regarding the rent coming in from the shop.
The main issue with that is getting the property back whilst we still have an LTB freehold restriction.
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