However, choosing this option will result in having to borrow more money overall.
By adding SDLT costs to a mortgage, someone could end up paying a significant amount of interest on it long-term.
The MoneySavingExpert website explains: “To add the cost of Stamp Duty to your loan means a bigger mortgage debt.
“So, say you needed a £180,000 mortgage to purchase a house costing £300,000, but wanted to add the Stamp Duty, you’d need to request borrowing of £185,000 (in England, Wales or Northern Ireland), then use your ‘extra’ deposit money to pay the Stamp Duty.
source: express.co.uk