My ex-partner & I jointly own two properties, one our main home and the other a buy-to-let. We have joint mortgages on both properties.
The plan is for me to take full ownership of the buy-to-let property and move into it as my new home, and for my ex-partner to take full ownership of our former home. We would also each take over the other's share of the mortgage on each property.
Our main home is worth more than the buy-to-let property and so my ex-partner will also pay me a cash lump sum to compensate for the difference.
How would we calculate SDLT on all this?
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