Each party pays their respective SDLT amount.
To understand this, it's important to first understand the ownership model. The property is first purchased by our special purpose company, Pfida Finance PLC (the PLC), and it pays SDLT upon transfer of the title to it. Later, once you purchase the property and take ownership of the title, you will need to pay SDLT.
With us it is more like buying a property that you have been renting from your landlord. The landlord initially buys the property, and pays their SDLT. Later, if you offer to purchase the property from the landlord, you will be responsible for SDLT at that point. In this example, think of the PLC like a landlord.
Note that, just like with any other landlord, you do not have to purchase the property from us if you do not want to. However, if you do wish to purchase it from us, we are here to help.