Wasn't sure where to post this, sorry.
In the final stages of buying a new home. Legal stuff is still ongoing but searches have been carried out now so hopefully completion is fairly close. We have purchased this house with partners inheritance money + sale of another rental property + a small mortgage.
The house we live in now sold this week too so it will be going but we won't complete until after the new one. In one way that's a good thing as it means there is no pressure to be out by a certain date and we can move things gradually.
However I've been led to believe that this means there may be some additional stamp duty or tax owed on the current house to it being classed as a second home? Does anyone know if this is correct? We are already having to pay a substantial amount of stamp duty on the house we are buying.