Asked by Leon
I currently 2 properties under my name for investment, and was thinking of getting a third one for own stay.
However, I am put off by the hefty total BSD of 13% and low LTV limit available to me.
a) What are the legal costs involved if I am to remove my name from the second property which is co-owned with a relative?
b) Assuming I were to successfully remove my name from the co-owned property, and manage to sell my first property owned wholly by myself, will I be considered a first time home owner when I buy a new property for own stay?
However, I am put off by the hefty total BSD of 13% and low LTV limit available to me.
a) What are the legal costs involved if I am to remove my name from the second property which is co-owned with a relative?
b) Assuming I were to successfully remove my name from the co-owned property, and manage to sell my first property owned wholly by myself, will I be considered a first time home owner when I buy a new property for own stay?
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