Hi,
I am going to buy my husband out of the family home due to a separation. I will take on the mortgage on my own and the bank (mortgage lender) has agreed to increase the mortgage amount to include the buy out amount. When contacting a solicitor, do I call this a remortgage or am I buying a second hand property? I am not switching mortgage lenders and therefore I am not sure if this is a remortgage.
Is there any stamp duty or CGT or any other taxes that I would be liable for?
Thanks.
I am going to buy my husband out of the family home due to a separation. I will take on the mortgage on my own and the bank (mortgage lender) has agreed to increase the mortgage amount to include the buy out amount. When contacting a solicitor, do I call this a remortgage or am I buying a second hand property? I am not switching mortgage lenders and therefore I am not sure if this is a remortgage.
Is there any stamp duty or CGT or any other taxes that I would be liable for?
Thanks.