Using equity to pay for stamp duty

[TheGreatHunt]

Hi

We want to downsize to clear debts and reduce the mortgage but don't have any spare cash - hence the need to downsize.

Can you use the equity to fund stamp duty and how would it work? I remember as first time buyers we had to pay stamp duty obviously but not when the money was required.
Any help/advice/experience would be welcome.

It is paid on your behalf by the solicitor on completion so I assume that would be OK. Ask your solicitor?

I don't have a solicitor - haven't started the process yet. I've forgotten this all!

We are paying stamp duty and estate agent fees from our equity. Our solicitor is coordinating the payments on completion. Good luck with your move.

yes that is standard - as griftymoo says your sol will just deduct it from the equity upon completion.

Great thank you!

All our payments were on/after the completion day.

Yep. Your solicitor gets the money from the sale and uses the leftover (after redeeming the mortgage) on your purchase. Depending on how much is left, the surplus can go towards deposit and stamp duty on your purchase.