Hi all,
I currently own a 2 bed Shared Ownership (SO) house, and am undecided on whether to staircase to 100% or sell and buy elsewhere.
I’m trying to work out if we stayed put would we benefit from the SDLT relief?
I read that in 2018 the SDLT rules on SO properties changed, as such they are now eligible to the First Time Buyer relief - although I one site I read stated that this was only applicable for properties purchased from 11/2017 onwards.
Currently we have not paid any SDLT as our share was under the £125k threshold
We purchased our house in 2014, we own a 25% share which was valued at £250k
Current market estimate: between £300-340k depending on which surveyor you ask.
Any guidance would be appreciated;
Thanks
Richard
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