Property News · April 25, 2022

My friends will help with my deposit – how much stamp duty do we pay?


The property market is out of control and they say they’ll put in £100,000 towards buying a houseQ I am thinking about buying my first house in Cambridge where I currently live. The market here is out of control and I am on my own. This means that with savings and a mortgage I can’t really afford anything decent.Fortunately I have nice friends who would help me by putting some cash towards the deposit. For them, it would be a long-term investment, and either I will repay them at some point in the future or they will get their money back when I sell the house, according to the percentage they put in. Continue reading…

Source : theguardian.com
Read more…My friends will help with my deposit – how much stamp duty do we pay?

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