Just a few questions on landlord who is moving their only residence home when they have a few BTL properties.
How is Stamp duty paid under this situation: You have your current residence home converting to BTL and you are moving into a new one while you still have a few BTL properties. Is that counted as second home Stamp Duty or just a normal one?
A side question on turning your previous only residence home to a BTL is it as simple as the bank give a 75% loan based on how they value it (assuming it passes rental stress test) and you pay off your residential mortgage with this BTL borrowing if it happened to be the same? Is there any extra cost in doing this e.g. stamp duty again?
Any suggestion helps.