Can 1 partner of a couple remain a FTB after buying a house?

C

CreNaCille

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My girlfriend and I are about to buy a house. We are both first time buyers.

If one of us buys the house in their name, then does the other remain a first time buyer.

Then when (and if) we need to trade up, the other can buy it in their name as a FTB thus avoiding stamp duty.

Is this plausible? And is this a good idea?
 
A few issues spring to mind.

Can either of you afford to buy the house and get a mortgage on your own ?


If it is your intention that your girlfriend own the house outright then will
you be contributing to the deposit, You will have to gift her the money, there may be tax implications,
Also, I know that breaking up is not in your plans and an unpleasant thing to talk about, but if you pay half the mortgage on a house you do not own, and you do break up, will you be able to get your share back ?

I am sure there are other reasons why this could be messy.
 
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