My parent-in-law has a house worth about $500k. There is still $200k mortgage on the house. We (my partner and I) are planning to buy the property off my parent-in-law. The plan is to pay off their mortgage in a lump sum from our money.
In terms of the conveyancing, stamp duty and paperwork, how should I go about this? The house price is obviously below the market value as the market value is around $500k.
In terms of the conveyancing, stamp duty and paperwork, how should I go about this? The house price is obviously below the market value as the market value is around $500k.