Posted on 28 April 2010 by steve
When my wife was single she got a mortgage to pay for her father's house, the property deed never had her name only her father. She had to get life insurance and a endowment policy (which we still pay in) but the mortgage has been paid off. I own a property only with my name we want to buy a new property for letting. Is she eligible for First time buyer stamp duty relief since she has never owned a property although has had a mortgage before?
If your wife has never owned a property before then she should qualify for the First Time Buyers exemption even where the property is to be let.
The following passage is taken from
If you are a first-time buyer the threshold for when you start to pay SDLT is £250,000. This is only if you have never owned a house or flat in the UK or anywhere else in the world. If you are buying with someone else they must never have owned property before either. This higher threshold applies to purchases made on or after 25 March 2010 and before 25 March 2012.
The situation you describe is unusual, although not impossible and I recommend that you speak to your Solicitor to confirm her eligibility.
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