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Joint Tenants

Joint Tenants

Portrait of Justin Whitelock, founder of Mortgage London, standing in a park

By Justin Whitelock

Founder of Mortgage London (a trading style of City Finance Brokers Limited, authorised and regulated by the Financial Conduct Authority, FCA No. 766295)

Co-owners who each have equal rights to the whole property rather than separate defined shares, with survivorship features.

Related glossary terms

Interest-Only Mortgage

A mortgage where the monthly payment covers the interest charged on the loan but does not reduce the amount originally borrowed.

Personal Guarantee

A promise by an individual, typically a director or shareholder, to be personally liable if a company borrower cannot meet the mortgage debt.

Let to Buy

An arrangement where homeowners keep their current home, let it out, and take a new mortgage to buy another property to live in.

SDLT for Expats

Stamp Duty Land Tax, usually shortened to SDLT, is the UK tax payable on most residential property purchases in England and Northern Ireland. Scotland operates Land and Buildings Transaction Tax (LBTT) and Wales operates Land Transaction Tax (LTT) under separate frameworks. SDLT is charged in bands and is paid by the buyer at completion, with