Is there any SDLT on a transfer of equity in a mortgaged property?

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    Is there any SDLT on a transfer of equity in a mortgaged property? by Patrick Cannon 2James Lowery
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    Can anyone clarify the SDLT liability regarding title splitting properties as part of a remortgage process?

    ie One property – 2 houses on site – mortgage on whole (say 500k) – transferred A to A and B for no consideration then Transfers of Part for each individual property done from A and B back to A – both properties mortgaged for 250k to pay off the existing mortgage.

    Would there be any difference if it was a building where A transfers to Company then leases are done of 2 flats?

    #822 Reply
    Is there any SDLT on a transfer of equity in a mortgaged property? by Patrick Cannon 3Patrick Cannon
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    James, if you can achieve this by transferring the title to A and B as bare trustees for A and back again to A as beneficial owner then no SDLT will arise.

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