Transfer of Equity and Remortgage (FTB)

[LoopyLou25]

Hi

Please can you advise the amount of SDLT due on a Transfer of Equity and Remortgage in the following situation:-

Property Value: £600k
Property held 50/50 with Mr and Ms with approx £60k left on the mortgage

Mr is to be removed from the title and paid approx £270k

Miss is to be added to the property with Ms with a new mortgage of £300k and Miss paying £30k. Miss is a first time buyer.

We have received a quote saying no SDLT is due and two other quotes saying that SDLT is due with differing amounts.

I’m very confused.

Thank you!