Stamp duty query. Second property leasehold

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Hello

My husband has a property which will not be sold within the next 3 years.

I understand that stamp duty on a second property is 3%.

He is looking to purchase a second property at a price of £99,000 (mortgaged). This is a leasehold property with 99 years left on the lease.

The rental fee to the leaseholder is £1030 per year.

By my reckoning 3% would be £2970, however the mortgage advisor we are using has quoted £2700.

Are we missing something with this being leasehold or is the mortgage advisor mistaken in her calculation?

I just put the figures into the SDLT calculator and got £2700 too - no idea why, something to do with lease premium?

Try yourself with the actuals and see if you get 2700 too

https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#!/intro

I think this explains why it's different for leaseholds

www.gov.uk/guidance/stamp-duty-land-tax-leasehold-purchases

I'm getting £2970 on the calculator but I'm not sure I'm inputting correctly!

Is the lease premium the value he is paying (£99000)? and the 5 year rental the £1030 per year?

This is all way over my head!