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Capital Gains Tax
A property was inherited to OH mother and uncle, with no inheritance tax to pay. OH uncle sold his share in the property for £42,500 more or less market value for half. Would he have had to pay capital gains tax on it because he never bought it and hasn't lived in it for the past 20 year? OH mother still owns half the…
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Asked if interested in buying current flat (scotland) - what next?
I've been asked if I'm interested in buying the flat I currently rent. I an interested, depending on asking price - it's a nice flat in a nice location (though somewhere slightly bigger would be ideal in the long term and the building does need some maintenance done). I'll ask the landlord roughly what price he wants. If…
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Help to Buy Equity Loan Deposit
Hi everyone, I'm looking at my options for purchasing a house and as the prices are so expensive around here I've looked at the Help to Buy schemes as it will give a bit more buying power. From what I've read you put 5% down as a deposit, the government loans you 20% and then you have a mortgage against the remaining 75%.…
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self employed and mortgage
my partner is in full time employment but with his earnings alone we can not secure enough for a mortgage. I am self-employed but i haven't been trading for a year yet. With my earnings we would have enough for a mortgage. Would a mortgage company be able to take my earnings into account? We have been renting for 5 years…
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What would you offer?
Ok, the situation is this: Our house went on the market last Wednesday. Friday night I had a local woman knock on our door and offer close to asking (gushing about the house and saying she REALLY wants it, and will be a cash buyer when the sale of her (too big for her) bungalow goes through in a couple of weeks) and is an…
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Putting house back on market: any advice?
So I put my old house (currently let) on the market at the start of the month; in NE in London in an area that is supposedly red hot. All valuers had given more or less the same valuation, and all said it would sell straight away on an open day. I went with agents who set a guide price and after open day (with a…
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Buying a house with a Possessory title not Absolute.
Hi, I'm after people's thoughts. We're in the process of buying a house built about 5 years ago. It's emerged that the title deeds are Possessory not Absolute. The solicitor is enquiring more into why this has occurred. The next door neighbour sold the land for the house to be built on so I'm presuming that they had lost…
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Advice please
I bought a buy to let with my pension lump sum and spent approx. £20,000 renovating/refurbishing. I rent the property through an agent for £580 monthly for which I receive £522. I put this amount into a separate bank account and do not touch it because I am unsure of the tax implication. I have kept all receipts for…
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Rough costs to extend an extension!?!?
Hi all, been looking at some houses recently and spotted one today which is a bit of a do'er up'er. Its a 2 up 2 down semi detached house but with a fairly large garden and has recently had a utility room extension (9ft by 8ft) built onto the back of the house behind the kitchen. The utility extension doesn't span the…
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Repo Flat - how to check Parking?
Hi - How do I find out if the repo flat i am purchasing comes with parking? the agent claims it doesn't; the management company claims the flat is associated with a parking space. do i ring the management company and verify whos name the lease of the parking space is under? at which point with solics know this/what do they…
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Increase in tenants' extra fees/costs each re-sign?
A while ago, we re-signed for another year in our house. Besides the increase in rent, and re-sign fee, every extra fee in the contract had gone up quite significantly (out of hours call-out if not deemed an emergency, references from them in the future, check out fee, late rent etc etc). Renting situation here is dire, so…
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I see your Section 21 and I raise you...
Good evening, folks. Any help here would be massively appreciated here. Apologies if there is a thread for such things already and more apologies if this turns in to something of a novel/paragraphs of rambling nonsense. So basically, I'm a tenant and I've been renting here for almost two years now. The initial agreement…
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Can we afford this - much bigger mortgage...
I own my own house in South East England (near Reading). It cost £133K for 2 bedroom maisonette which is extremely cheap for this area. House is now worth about £150'000 two years later. Equity + deposit therefore is between £35-40k. GF has £12.5k in savings I have £3k in savings Therefore we have about £50k+ for a new…
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Renting; Paying off a few months upfront..
..Evening guys. If I was to rent a £600 PCM property on a six month contract (which is £3600 for six months) but paid off 2 months in advance, would the agents now see that as a £2400 contract effectively making the payments £400 PCM? (obviously payments would still be £600 but only 4 left to pay) What I'm trying to get at…
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buy now or save?
I have had a few offers knocked back (offered over asking) and the one I actually secured wasn't suitable after the second viewing. I have been pushed further out of my ideal area (south east, dartford/bexleyheath way) due to price rises. However, 10 more months of saving would get me back there. I know this is asking you…
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Mortgage provider letting advice
Hi, I have been offered a new job but it is too far to commute and I intend to move closer to my new work place. I don't have time to sell my house and buy a new one so I will rent a place temporarily and I would like to rent out my house as well. So, my question is - what will be the likely reaction of my mortgage…
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Lodger agreement - can anyone explain a clause please
Hello everyone, I am helping a friend get ready for taking in a lodger by doing the paperwork and rules side of things. I have downloaded the house share agreement from Limecastle but there is one clause that I don't quite understand. Please can someone explain it? Sorry to be thick - I get the gist but I don't want to…
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Sealed bids???? what to do??
The property I want for a BTL is going to sealed bids. Its on the market at £180,000 which is a good price. Its worth about £175,000. The local market here is crazy at the moment and it will sell asap. All the bids have to be in by monday at 12pm and the best offer wins. What should I do? I want the property but don't want…
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Open days
I went to one today, seriously there is about 40 other people who went too. Although the estate agent had a list of who he was expecting, he still ran out of the flat brochure! When I viewed before, although it was called an open day, each person still had a 10 minute slot which was much better as I as able to ask the…
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Advice on Survey
Hi All, I have had a survey done on a house that I wish to purchase and would like some advice if at all possible. Survey said the house was satisfactory for its age (1900 mid terrace house) but had some issues that need to be looked at. 1. Roof recovered in materials heavier than original - investigate building…
