-
Buying property as joint tenants or as tenants-in-common or sole name
Hi there, my family are considering purchasing an investment property (for letting) in London. We would like to understand what are the inheritance tax, capital gains tax and income tax considerations of buying the property: 1) as a co-owner in the form of a joint tenancy and 2) as a co-owner in the form of a…
-
Consent to lease
I am looking for some advice please. I bought a property with a mortgage and equity stake a few years ago. After a few years I moved in with my now ex partner and intended to sell the property but due to falling prices could not do this. I now need to relocate for work reasons and as a result want to formally rent out my…
-
2nd Charge - Problems removing due to insolvent lender
Interesting one this. Delay in purchasing a property due to the vendor's solicitors having problems removing a 2nd charge - as the company who registered it have gone under, and therefore presumably they are having issues getting a redemption figure etc. Anyone else come across this? Anyone got any ideas of how long a…
-
Deposit return - agent not returning calls and landlord apparently can't be contacted
Hi all, I moved out of my rented flat 5 weeks ago and the checkout report was done a week later with inventory etc. When I got the inventory sent to me, I sent back a couple of queries on it (hooks on backs of doors that were not mentioned in the checkin report but they were already there, a couple of things that we took…
-
Can I arrange my own renewed Tenancy Agreement?
I have been waiting for a new agreement for my flat for 8 weeks (Private landlord,1 bedroom flat, I have lived here for 5 years). It is always slow to arrive every year with much nagging from me. I have been emailing the person who deals with it (who is lovely, we get on very well) every week to ask for a new one and it…
-
When will the back release the money??
We're to complete on Friday, everything is in place and the money has been requested. Can someone tell me if the money will be released tomorrow ready for Friday or Friday? Can someone also tell me what happens after? We're signing everything tomorrow, technically theres no keys to get (long story) but do we get a copy of…
-
Buying a house + additional garden space
Hi, I have found a property which I love which is an end of terrace house. The price for the house I am happy to pay but I have been informed that the current vendors purchased 'extra' garden space meaning that they have a bigger garden. It has come to light that the 'extended' garden land could be sold for garages etc but…
-
Equity Release
I hope this is the right forum to ask this question.How easy is it to release equity from my mortage free house to buy another house to rent out?
-
Catch 22 --- Sell or stick
Any advice for a friend please. BTL house is valued at £340,000. Mortgage of £150,000 on 1.50 per cent tracker which can't be ported or remortgaged. Great tenant. Would you sell to fund a renovation project or stick with the BTL ?
-
What happens on day of completion?
I've exchanged on my house and have agreed to complete next week only problem is that due to bad credit I had to agree six rent months up front as we will be renting for a bit until my credit rating is repaired, then will look to buy again. My plan is to complete and pay the money across by debit card same day the…
-
Catford
Dare I ask? Anyone able to give me any lowdown on Catford? Is it to be avoided or has it the potential to be a nice place to live? Asking as it seems to be one of the last 'affordable(ish) bits of SE London. This house looked lovely, but then again if the area is bad then the loveliest house isn't going to cut the mustard.…
-
Applying for tenancy with agent
Hi all, When applying for a rental property with a letting agent what will they see from the credit check they do? Is it just a case of seeing if you have any ccj's, iva's or bankruptcy or will they see everything regarding defaults, late payments etc? Thanks in advance.
-
House selling situation - opinions needed
I was preparing to put my house on the market this spring but have been beaten to it by a neighbour a few doors up. We live in a tiny rural hamlet where properties rarely come on the market and I am concerned that viewers might think something is up for two close properties to come up for sale at the same time. I still…
-
Cancelling a tenancy cancellation notice?
Hello, We have been allocated a housing association flat where tenants have to move in within a week of being advised of vacancy. In late February we were told that we would be moving in around 22 March so we gave our private landlord the required 28-days cancellation notice. However, today we learned that the construction…
-
Expat living in Holland selling UK house
Hi, I am looking for some advise concerning a property owned in the UK. I have lived in Holland for over 10 years and while living here I purchased a house in the East Midlands back in 2007 for about €100K. I have never lived in the house and have always rented it out. Now the housing market is picking up again I want to…
-
Dithering selller put house back on market and wants more money..
Hi all, My offer on a property was accepted in Oct 2013 and my conveyancer was ready to exchange 2 months ago but the seller was clearly stalling/dithering and now declared they want to look for a different house to move to. They're now viewing new properties – but it's time-consuming as it's the other side of country.…
-
House buying in London- current market is moving so quickly! Any advice?
Ok so we are first time buyers and we have money for our deposit and fees together, a decision in principle, we've started the hunt and we know what we're looking for. The first time we looked(2011) we had OODLES of time to look, ponder, have a second look etc. Fast forward to 2014 houses are selling almost as soon as they…
-
Acquiring freehold and deed of variation
Hi all, Myself and two other flat owners of the 3 flat block are in the process of acquiring the freehold from the seller. There is an outstanding item between myself and one of the flat owners which will need a deed of variation in the existing lease. Can I please ask: 1) Do all 3 of us have to agree to acquire the…
-
Rental Income Tax & CGT - What should I do?
I have a bit of a complicated situation that I'm trying to understand. I intend to seek some professional tax advice, but before I do this, I just want to educate myself as much as possible. I have a flat that I bought 5 years ago and lived in for 4.5 years, and have rented out for the last 6 months. I have moved out to…
-
Meet the Builder on New Build House?
Hi, I have brought a house off plan from Taylor Wimpey and I'm due to meet the builder Friday. I would appreciate any advice on what to ask him, I have a few questions about the adjoining wall thickness and how soundproof it will be and a few other minor questions. But I am not quite sure if I should be asking some other…
