Sorry if this is slightly hard to read. I'm in a similar situation, a house was left to my parents, and it was put into name of myself and sister, I have been making the full payments to my parents to purchase the property and my sister was not (was never an issue), my sister is now getting married, house still in both her name and my name. I want to transfer ownership into my name only and sort out payment for full amount to my parents for the worst case worry something happens and there is a claim made on "my house"by new spouse. I won't be giving any money to my sister as I will take over full loan repayment. However i have been told that I might have to get the house revalued for stamp duty purposes and that I would have to pay 1% stamp duty on the half I purchase. Is this true, would I have to pay stamp duty? and if so only on the half in my sisters name? both or names are on the deeds but not sure if it says 50/50 share, if not who is to say how by how much % wise we split it. Both my sister and I never owned any other properties.
this is something which may also affect the OP McD1978.