Hi
I just wanted some advice please.
I've owned my house since 2000. I foolishly put my fiancé and father of my child on my mortgage summer 2014 so that we could realise equity to do the house up, so I basically gave him a free share of my house. He was only paying half of the mortgage for 8 months and then he moved out May 2015. I've been paying the mortgage on my own since then - I'm currently trying to get the mortgage company to agree to remove his name but I haven't passed the affordability test as I'm only working part time at the moment, as I'm worse off financially working full time with childcare costs. Because I've been paying it on my own for two years, they have said they may consider it, but the mortgage company have now mentioned that I may have to pay Stamp Duty, which I'm not in a position to pay. The property is worth £350k and the mortgage is £176k. My ex doesn't want anything as he had £13k out of the release of equity.
I was therefore wondering if there is any way around paying the stamp duty for what is essentially my own home which I have owned for 17 years.
Thanks in advance!
Sara
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