{"id":107726,"date":"2019-06-03T13:01:08","date_gmt":"2019-06-03T06:01:08","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/i-own-a-property-can-i-get-a-deal-if-i-buy-another-with-a-friend\/"},"modified":"2019-06-03T14:04:30","modified_gmt":"2019-06-03T07:04:30","slug":"i-own-a-property-can-i-get-a-deal-if-i-buy-another-with-a-friend","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/i-own-a-property-can-i-get-a-deal-if-i-buy-another-with-a-friend\/","title":{"rendered":"I own a property \u2013\u00a0can I get a deal if I buy another with a friend?"},"content":{"rendered":"


\nHe\u2019s a first-time buyer and we\u2019re hoping to get a better mortgage and pay less stamp dutyQ I am really hoping you could give me some advice. I am currently based in London throughout the week and spend most weekends in Nottingham where I recently bought a property as a first-time buyer. I am now interested in buying somewhere in London together with a friend. I know that I\u2019m not a first-time buyer but my friend is. Are we able to use his first-time buyer rights to secure a 10% deposit mortgage, and what stamp duty would we be expected to pay?MFA The only \u201crights\u201d first-time buyers have that I know of is not to have to pay stamp duty land tax (SDLT) on the first \u00a3300,000 of a property costing up to \u00a3500,000, to be able to earn a government bonus with a help-to-buy Isa (individual savings account) and, from April 2021 be eligible for the new government equity loan scheme (which until then is open to all buyers). You don\u2019t have to be a first-time buyer to get a mortgage of 90% LTV (loan to value) where you would need to put down a cash deposit of 10% of the purchase price of a property. Lenders that offer 90% mortgages for first purchases also tend to offer those terms to people who have had a mortgage before. Continue reading…
\n
\nSource : theguardian.com
\nRead more…I own a property \u2013\u00a0can I get a deal if I buy another with a friend?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

He\u2019s a first-time buyer and we\u2019re hoping to get a better mortgage and pay less...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-107726","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-s1w","jetpack-related-posts":[{"id":73005,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/will-my-son-get-first-time-buyer-stamp-duty-relief-if-we-get-a-joint-mortgage\/","url_meta":{"origin":107726,"position":0},"title":"Will my son get first-time buyer stamp duty relief if we get a joint mortgage?","date":"November 27, 2017","format":false,"excerpt":"\r We don\u2019t know how two buyers of different status affect the applicationQ I own the house I live in and want to help my son buy a flat. If we get a joint mortgage, what rate of stamp duty will apply given that he doesn\u2019t currently have a property?\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":129830,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/if-we-buy-a-flat-for-our-son-in-my-wifes-name-would-she-be-deemed-a-first-time-buyer\/","url_meta":{"origin":107726,"position":1},"title":"If we buy a flat for our son in my wife\u2019s name would she be deemed a first-time buyer?","date":"September 19, 2022","format":false,"excerpt":"\r I have two houses in my name, so wonder whether including me on a joint mortgage affects stamp dutyQ As our son will go to university next year, we are considering buying a flat or property in the city where the university is for him to live in. We\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":105645,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/my-daughter-is-buying-me-out-of-a-house-must-she-pay-stamp-duty\/","url_meta":{"origin":107726,"position":2},"title":"My daughter is buying me out of a house \u2013 must she pay stamp duty?","date":"April 1, 2019","format":false,"excerpt":"\r She hasn\u2019t had a mortgage before, but I\u2019m told she will need to pay stamp duty on a mortgageQ My two daughters and I are the joint owners of a property for which we paid cash (so there is no mortgage involved). One of my daughters lives in the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":130084,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/first-time-buyer-homes-for-sale-under-new-stamp-duty-bands-in-pictures\/","url_meta":{"origin":107726,"position":3},"title":"First-time buyer homes for sale under new stamp duty bands \u2013 in pictures","date":"September 30, 2022","format":false,"excerpt":"\r From a former school keeper\u2019s house in London to a new spa development in Matlock Continue reading...\r \r Source : theguardian.com\r Read more...First-time buyer homes for sale under new stamp duty bands \u2013 in pictures","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10582,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/buy-to-let-lending-up-60-ahead-of-stamp-duty-changes\/","url_meta":{"origin":107726,"position":4},"title":"Buy-to-let lending up 60% ahead of stamp duty changes","date":"April 13, 2016","format":false,"excerpt":"\r Council of Mortgage Lenders reports a near-50% increase in the number of buy-to-let loans taken out, with first-time buyer mortgages up by 11%Lending to buy-to-let investors rose by almost two-thirds in the 12 months to February, as some landlords took advantage of low interest rates to remortgage, while others\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5108,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/stamp-duty-changes-prompt-buyer-scramble-to-close-property-deals\/","url_meta":{"origin":107726,"position":5},"title":"Stamp duty changes prompt buyer scramble to close property deals","date":"December 5, 2014","format":false,"excerpt":"\r London estate agents deluged by wealthy purchasers beating midnight deadline before housing tax riseLondon estate agents reported a deluge of high-end property deals on Wednesday night as wealthy buyers scrambled to avoid higher rates of stamp duty coming into force within hours of the chancellor\u2019s autumn statement.Minutes after George\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/107726"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=107726"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/107726\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=107726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=107726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=107726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}