I am after some advice from others that have been in or going through similar.
My DC dad and I split around 2 years ago, his choice. we have a mortgaged house together. Low interest rate from 2021, so I would not take him off the mortgage till this had finished due to fees and inflated interest rates. He reluctantly agreed and remained on the mortgage until now. He was paid in cash his share of the equity from the house and has not contributed towards the mortgage or household bills since the day he moved out. Due to being on the mortgage he has rented for the last 2 years.
So onto now. I am due to renew the mortgage later this year and I have been in touch with a mortgage adviser that has said that I am likely to be able to remortgage solely however with an extended term which I am not overly happy about but it is what it is. However they have advised that I may have to pay stamp duty on my Ex's share of the house and obvious solicitor fees for the remortgage and transfer of equity but they could not give an idea of costs. Does any one have an idea on how much this will be? A little bit of google has said stamp duty is paid if I have bought his share, however due to it being 2 years ago the money changed hands could I claim that this was not for the property but for other "stuff"?
Any advice would be appreciated