Re-mortgaging

A_b

Registered User
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205
Currenly nearly mortgage free (wahoooo!) but thinking of releasing some equity to do some renovations that I've wanted to do for ages (new kitchen, paving drive, new floors etc etc). Was going to add my OH onto the new mortgage. Would he have to pay stamp duty or anything for this? He won't be the named owner of the house but is living with me. He has his own house too but it is being rented out.
 
Can't see how he would. He is not gaining ownership of the property, just taking on some new debt. Only stamp duty implication is of the banking type if your mortgage exceeds a certain threshold, but is only in the region of a few hundred and in any case I doubt it applies to you as it is only triggered on mortgages (don't quote me on this as no reference to hand!) about 250-300k.
So I think you're fine!
 
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