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Unless it's not your main residence, there's no stamp duty required on sale of a property; only purchase.
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I'm using Parker Arrenburg for conveyancing. I think they're a bit expensive but have a good reputation and I went with them partly for convenience (they're on Rushey Green). I also spoke to Cook Taylor Woodhouse who seemed ok too. I've only just started the process though, so don't know much about it. The actual conveyancing fee is £400+VAT, Land Registry £135 - the total will be around £700 but I'm guessing there are more things to do with remortgaging etc.
https://www.gov.uk/guidance/sdlt-transferring-ownership-of-land-or-property
stamp duty is payable if the 'consideration' is over the threshold (ie. 25% of flat > £125k), it's not to do with the total value. -
the other half gets the rest of the flat if the worst happened
That's a tad bit dramatic for the cancellation of The Archers.
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I used farewill.com for my will. Easy and cheap, would recommend. When I did mine it was pretty easy to find a discount code as well which made it even cheaper.
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How does the stamp duty work, I presume you can gift her the part that you own equity on, but its the mortgaged part that she is buying from you that is eligible for stamp duty? Is that correct?
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@Sparky
I'm after a conveyancing solicitor to draw up a deed of trust, setting out how Mrs Sparky is buying part of my flat. Any recommendations? Does anyone know roughly what it'll cost? We'll also need wills, so that the other half gets the rest of the flat if the worst happened.
Also, does anyone know how stamp duty will work? Presumably if she's taking on 25% of the flat, she'll pay 25% of the stamp duty that would be due on the sale of the whole place?