I'm in process of buying a second home. I'm converting my first home (which is just in my name) to CONSENT TO LEASE with HALIFAX (which is same as Let to buy or buy to let) and buying second home in joint application with my wife and will be our residential home and will move into it after purchasing.
Re the stamp duty, how is it going to work? are we going to pay 3% surcharge and then reclaim it after moving into it?
or we will pay surcharge on first property (difference between what's paid (Dec 2015) and what' surcharge in today' s date?
Summary:
Bought first house in December 2015 - £265k - paid stamp duty £3450 (i think) - converting this into buy to let with Halifax - Consent to lease option.
Buying 2nd home circa £400k - this will be our main residential property.
happy to provide further information if required, looking forward
Jibran
