Mortgage solution to reduce stamp duty
What was the situation?
We were introduced to an unmarried couple who were looking to purchase a home. Client A currently owned a buy to let property and Client B was a first-time buyer. They were looking to buy their first home together but avoid the additional property stamp duty liability.
What was the issue?
Though Client B was a first-time buyer, when purchasing the property in conjunction with Client A, who already owned a property, it no longer made Client B eligible for a standard stamp duty amount. Now they had to pay the additional stamp duty rate, they no longer had enough money to put towards a deposit.
What was the process?
Taking all these facts into considerations, we approached a lender who we had a long standing and strong relationship with and explained their scenario.
What was the solution?
Based on our existing relationship with the lender, we were able to secure their preferred rate and amount of loan whilst saving on stamp duty. The couple were over the moon and they were able to buy their dream home.
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Testimonials
Our happy clients
As a returning customer, I would like to express my sincere thanks to the team for their outstanding support during the completion of my property purchase. In particular, Catherine and Darren have been incredibly helpful throughout the process. Their communication, professionalism, and customer service have been absolutely excellent, making the entire experience smooth and reassuring. Many thanks again for all your hard work.
My fiancée and I were recommended to LDN Finance when we started our mortgage journey, and the service we have received, and continue to receive, has been outstanding throughout. Phil Levesley initially looked after us and made what can be a very daunting process feel straightforward and easy to understand. He took the time to explain everything clearly, never rushed us, and was always happy to answer any questions we had. Nothing ever felt like too much trouble. As part of the process, we also wanted to explore a number of protection policies, and Phil introduced us to his colleague,
Owen was absolutely amazing and supported me every step of the way throughout the mortgage process. He was always clear, patient, and incredibly reassuring, making what could have been a stressful experience feel smooth and manageable. Bharathy was also really helpful, promptly getting in touch and making sure all the relevant information was handled efficiently. I couldn’t be happier with the service and would highly recommend them both. Five stars without hesitation.
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