I just want to get some clarification on procedure of buying house re. closing / stamp duty etc. we are trading up and will have cash deposit of 50k approx. for purchase. Stamp duty will be 45k (unless they abolish it lol). when we sign contracts do we need to have another 45k in cash for stamp duty or can it be included in mortgage? i.e do we just write one cheque for full amount and let solicitor deal with it
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Sorry if post sounds confused but it reflects where I am at.
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Sorry if post sounds confused but it reflects where I am at.