About 10 years ago my grandma signed her house over to me and my brother. The condition is that she would live there rent free as long as she wished. The house is mortgage free and I don’t gain anything financially or otherwise from this property, and my grandma is currently still living there.
I’m living in rented accommodation currently and me and my girlfriend are wanting to buy our first home together (both of us are first time buyers). She still lives at home with her parents.
With me being a part owner of an existing property will we have to pay the higher 3% stamp duty?