Buying out a mortgage, is this complicated?

[Rambo]

Hi all,

Myself and a friend bought an apartment over a year ago, we where first time buyers and the apartment was new.

Now my friend wants to sell his part of the apartment and my girlfriend wants to buy him out.

My questions are:

1. Is this a complicated process.
2. Who would be liable to pay stamp duty in this situation.

Cheers,

Rambo.

 

[Vanilla]

1. Its the same process as any purchase/sale.
2. If there is stamp duty payable it will be for your girlfriend to pay- on half the value of the apartment- what is it, and is she a first time buyer?

 

[Rambo]

Cheers,

Half the value would be roughly 184,500eu and she is a first time buyer.