{"id":129830,"date":"2022-09-19T13:00:35","date_gmt":"2022-09-19T06:00:35","guid":{"rendered":"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\/"},"modified":"2022-09-19T13:20:03","modified_gmt":"2022-09-19T06:20:03","slug":"if-we-buy-a-flat-for-our-son-in-my-wifes-name-would-she-be-deemed-a-first-time-buyer","status":"publish","type":"post","link":"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\/","title":{"rendered":"If we buy a flat for our son in my wife\u2019s name would she be deemed a first-time buyer?"},"content":{"rendered":"


\nI 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 want to buy the property as a first-time buyer in my wife\u2019s name as she doesn\u2019t currently own property in her sole name. However, when my wife applied for a mortgage, the bank suggested that she take out a joint mortgage as her income is not enough for her to get one on her own. However, I have two properties under my name and one of them with a small amount of mortgage left. Does including my name with my wife in the mortgage affect her first-time buying status? Will this lead to a higher charge for a second property? ZZA If you were hoping that buying a property in your wife\u2019s name would mean that she \u2013 as a first-time buyer \u2013 would be eligible for the first-time-buyer relief from stamp duty land tax (SDLT), I\u2019m afraid that you are going to be disappointed. Continue reading…
\n
\nSource : theguardian.com
\nRead more…If we buy a flat for our son in my wife\u2019s name would she be deemed a first-time buyer?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

I have two houses in my name, so wonder whether including me on a joint...<\/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-129830","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-xM2","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":129830,"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":121604,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/what-are-the-tax-and-mortgage-implications-if-i-buy-a-flat-with-my-son\/","url_meta":{"origin":129830,"position":1},"title":"What are the tax and mortgage implications if I buy a flat with my son?","date":"August 23, 2021","format":false,"excerpt":"\r I would pay a \u00a3100,000 deposit and want to own two-fifths and leave my share to him in my willQ My 30-year-old son is paying so much in rent that he is struggling to save a big enough deposit to buy his first flat. I have some spare cash\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":136059,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/we-want-to-buy-a-seaside-flat-as-a-second-home-what-type-of-mortgage-is-best\/","url_meta":{"origin":129830,"position":2},"title":"We want to buy a seaside flat as a second home. What type of mortgage is best?","date":"April 24, 2023","format":false,"excerpt":"\r My partner and I \u2013 he is a first-time buyer \u2013 would use the property at weekends and for holiday letsQ My partner and I are buying a second home to use as a holiday home. He\u2019s a first-time buyer but I\u2019m not as I own the flat that\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":129830,"position":3},"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":117144,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/can-you-get-a-mortgage-on-a-house-being-sold-below-market-value\/","url_meta":{"origin":129830,"position":4},"title":"Can you get a mortgage on a house being sold below market value?","date":"June 15, 2020","format":false,"excerpt":"\r A friend has the chance to buy a \u00a3400,000 house in Brighton for \u00a3215,000 Q A close friend of a friend of mine has offered to sell him a house in Brighton for \u00a3215,000 even though its market value is \u00a3400,000.My friend, who is self-employed and 55 years old,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":108192,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/im-a-first-time-buyer-do-i-earn-enough-to-get-a-mortgage\/","url_meta":{"origin":129830,"position":5},"title":"I'm a first-time buyer \u2013\u00a0do I earn enough to get a mortgage?","date":"June 17, 2019","format":false,"excerpt":"\r I\u2019m worried that the repayments on my help-to-buy loan will count against me with a lenderQ I hope you might be able to provide some insight for me as I begin my (optimistic) search for a first property. I\u2019m 26 years old and single and a couple of years\u2019\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\/129830"}],"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=129830"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/129830\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=129830"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=129830"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=129830"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}