Is this possible - Stamp Duty?

[fizz876]

Apologies as I have also posted this in the 'Homes, DIY...' forum but soomeone suggested I may get some good responses here...

Ok I am currentley looking for a house with my fiancee. In light of the new stamp duty changes on houses below 250k for first time buyers I have some questions.


1) I have never taken out a mortgage so far and neither has my fiancee. I am however a joint owner on a house that my parents purchased as a investment which I have never contributed too.

From what I have understood this will disqualify me for the stamp duty relief. Is this correct?


2) If I am disqualified as above would it be possible to purchase a house with only my future wife (who has never owned a property before) being the owner but at the same time having a joint mortgage?

If this is allowed then would we qualify for the Stamp Duty Relief?

[casbar]

Do a search on the net for "what constitutes a first time buyer" From what I have read, the revenue rules, seem to be, you can not have ever owned or part owned a property anywhere in the World. You can't have a mortgage or be joint owner of a property, so my understanding is your partner will have to be the owner and have the mortgage. Oh and you have to live in the house, and you can't buy to let!