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BTL Tax Company or Not
Hi I have 3 properties on btl and am looking to buy more. They are all let out unfurnished. With the new tax law for CGT 14% is it better to own the properties personally or through a company. i am 25 and intend to keep the properties until retirement. I dont want a purticulary wage from the properties in the meantime. any…
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Govt snooping on house sales via Rightmove
A good reason to ignore Rightmove: www.telegraph.co.uk/news/main.jhtml;jsessionid=I4LZI44UD1HBNQFIQMGCFFWAVCBQUIV0?xml=/news/2008/01/30/nsnoop130.xml Council Tax re-band anyone?
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Stamp duty
Can anyone advise me please, I'm wondering if stamp duty is calculated on the purchase price of a property or on the surveyors valuation of the property? Thanks very much in advance Finnigan
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Council exchange, is this legal?
Hi newbie here :wave: I hope you guys can help me. We have a friend who lives up the road who is exchanging houses with a family member. This family member is then giving the house back to the council as they are buying a house instead. We currently live in a 1st floor flat with no garden and as you can see by my user name…
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Can you let me know your thoughts
Our daughter has decided she wants to move out into a place of her own. She has looked at a new flat for sale at £142,500. She is going to buy this on a shared ownership basis of 50/50. She has been to see an independent financial advisor tonight about a mortgage and he seemed a bit concerned about the amount of rent she…
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Buy to let or Buy and Rent : Which is better?
There's a bet going on between me and a friend - and it's worth £100. If you had 15,000 cash and were to buy a property. Which one would be better? From being a tenant, (a) buying a house and live in it? (b) buying a house and renting it out (essentially maintenance free), while continuing to rent somewhere else. Then save…
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Resident parking permit.
Does resident only permit parking outside a property lower its value ? Terraced house i thought about buying is up for £129,950 empty since July when it was £135. I offered £122 before Christmas but vendor is still holding out for more. Since then the council has put parking restrictions in the road and those in the…
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Whats the difference between outstanding balance figure and redemption figure?
I know my outstanding balance on my 100% mortgage of 56000 is approx 54k but whats the redemption figure likely to be? We're out of our two year tie in by an extra two years so no early redemption fees as such. Thanks
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FBI Investigating 14 companies for subprime lending
FBI Investigating 14 companies for subprime lending, including looking at fraud etc. Federal investigators have opened criminal inquiries into 14 companies as part of a wide-ranging investigation of the subprime mortgage crisis, focusing on accounting fraud, securitization of loans and insider trading, among other areas,…
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Exchanging?
What does exchanging mean? As in terms of law - is it legally binding? What happens if vendor changes his/her mind once we have exhanged - what would happen to our deposit? Our vendor is wanting to exchange before he goes on holiday but complete the day he gets back - opinions please? By the way - we're not in a chain.
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And the survey says...
Hi I am a FTB and am in the process of buying an end of terrace property that has been renevated. We have just received the survey back and it states on it that the roof is original (1900) and has a limited life and that damp was found around the chimney breasts and to walls at low levels. It states that the DPC (?) has…
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House renting tax question....
Hi all, I hope someone is able to help me with this question.... I am considering taking out a mortgage on my existing home, (85% ltv) in order to purchase another (to live in), because i am unable to sell my existing home at the moment. I then plan to rent out my existing house for about £600 a month. This will part fund…
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Signed tenancy agreement, now LL says can't move in
I'm posting on behalf of someone I know to see if anyone has any advice/experience of what to do in this situation. Basically a couple (no children) have signed a tenancy agreement to start beginning of Jan, paid deposit etc as usual. The flat is being developed. Not ready to move into on date on tenancy agreement in Jan…
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Bankruptcy Searches?
What does it mean by Bankruptcy searches on the solicitors costs? I have an IVA and am concered (although not bankrupt)
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Splitting extension from main house
Hello everyone, I have almost completed an extension to my house. When I bought the house there was planning permission for a two bedroom extension and I had to start it before the permission ran out or else I would have lost it. The extension consists of two bedrooms, bathroom, kitchen lounge and hallway. It is attached…
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Survey needed?
Hi there, I have recently received the valuation report carried out on behalf of the mortgage company to which they have come across the following areas:- OBSERVATIONS The general condition of the property appears consistent with its age and construction.Some damp identified by higher than expected moisture meter readings…
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council house being re-posessed any advice?
Hi there, I have a friend who has a council house and has got into rent arrears due to the CSA taking most of her hubbys wages for past 6 months. The council have now gone to court to claim posession of the house and get her and her family evicted. This is the third time she has been to court over this, the other two times…
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Transferring my house to joint names
Hi I have a house in my name and also a buy to let property. I got married last year and am wanting to transfer the ownership of my buy to let property into joint names. The property currently has a mortgage on it. What do i need to do to get my wife onto the flat as a joint owner? do i simply need to contact the mortgage…
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Shared ownership. Who has the final say on price?
My partner brought a property a year ago through a shared ownership scheme, he owns 40% of the property, he wants to sell it and has an offer, the estate agent has valued it at approx £350,000 (I think) but the council who owns 60% of it want to sell it for 28k less. Is this right? Can they do this as obviously he wants to…
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When should we sell? UPDATE We are now selling - ADVICE PLEASE?
Hi everyone. Some advice on timing please. Our 2 year fixed rate finishes on 1 May 2008. We want to sell our flat but obviously do not want to stump up the £3500 for the early redemption payment. So when should I put the flat on the market, is it too soon? Flats go very quickly in my road, although I know that is not a…
