So if you have ever had an interest in the property (even an inherited one) you are no longer a first time buyer.
You are not a first-time buyer even if you owned a property 10 years ago and then you are now buying one but have had nothing in the interim.
Your understanding is correct with regard to the allowance.
The stamp is paid on the purchase, not by the individual so it’s in joint names, it is payable on the whole lot by “the buyers”. It’s up to the buyers how they apportion that between them.
That’s the situation you are in.
The government make lots of promises……………….
I’m not aware that any plans other than promises.
The house cannot be used for care fees if one spouse or civil partner remains in it. It is disregarded.
However if it’s being purchased as joint tenants, if one goes into care, the other should immediately sever the joint tenancy at the land registry to ring fence both shares because of the one who is not in care dies, and it is joint tenants, the local authority will nobble everything apart from the current exemption of 23,000.
I am glad to help.
Hopefully, I have answered your query in a way that is simple and easy to understand.
I would be more than happy to clarify anything else for you. In the meantime, thank you once again for using our services.
I am happy to answer any specific points arising from this.
Please be aware that my answer is based strictly upon the information you have given me.
If you still need any points clarifying, I will be happy to reply because the thread does not close. In fact, it remains open indefinitely.
I am always happy to answer any further questions you have on any new thread in which case, please start your question with, “ For FES only”.
You don’t need to do it on this thread, just a new thread. You have me exclusively on this one.