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Renting out a room in my home - contract / tax advice
I am about to start renting out a room in my house. There are a couple of points on which I haven't been able to find answers on this forum or generally on the internet. 1) Contract - is there somewhere I can download a template to use? (I know a contract isn't strictly required, but I would feel happier with one.) 2) Tax…
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Stopping Using a Letting Agency
Hello, I have desribed my situation below but my questions are as follows: * What are the required steps to move from the agency renting the property to me renting it myself? I have already looked at registering with the TDS * Has anybody been through a similar situation and do you have any advice, tips? My view is that…
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Tenancy credit checks
Hello Apologies if this as been asked before - I have checked to see if I can find previous threads but I'm finding it difficult on my phone. Basically my situation is this - I am currently living with parents and looking to rent with my boyfriend. I have previously rented and have two excellent references from my past…
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Buidings insurance condition of Mortgage offer
Hi, Please excuse if this is in the wrong part of the forum. As a condition to our Halifax mortgage offer, we are required to demonstrate buildings insurance. Obviously we are going to take buildings and contents insurance, but what I wanted to know, was is there a specific level of cover, or policy wording I want to be…
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That first step
FTB. I've been looking at houses for six months online. A bit shy and scared about making that first step and picking up the phone. I've seen a few houses that I would like the look of. Any phrases to use would be handy. Is it any more than "Hi I'm enquiring about xyz. Is it still available? Could we please arrange a…
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Partner moving in, does tax have to be declared?
Hi forumers. Hopefully you can help. I know that if a home owner has a lodger then tax has to be paid on anything over £4250(ish)a year under the rent a room scheme. But, what if instead, a long term partner moved in and was contributing to the mortgage, bills etc.. are the same rules applicable? Do you really have to…
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When does ownership transfer? Exchange or completion?
II want to continue getting rent from my house for as long as possible before the new owner takes over? When does transfer of ownership happen - at exchange of contracts or at completion? I guess, at completion but just asking to be sure... If it is at completion, am I entitled to continue to receive rental income from my…
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Small Claims Court?
Hello All Placed a question on an old and tired thread, had no replies so, since it's a new aspect,thought I'd place a new one. I have got my flat back from a Guaranteed Rent contract. However there is (inevitably) a couple of small outstanding issues (inevitably) to do with the Letting Agent. a) They have not forwarded…
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Just how difficult is it to exchange?
***RANT incoming *** We have patiently waited 5 months for our sellers to be ready to exchange (divorce settlement). Friday we targeted for an Exchange. Our solicitor released the documents and it was meant to go up the chain and down. Of course things are never easy and someone in the middle wasn't able to work on it as…
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feel ripped off....
Hi I;m going to be hit with a £100 get out of contract change... i have had a handful of timewasters after 4 months on being on the market... especially a family looking for all the things that weren't on the description and wanting to get £5000 reduction off the "offers over" price..and with a mortgage in place.. we…
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Best type of survey
Heard a lot of bad reports regarding the homebuyer surveys, with surveyors covering their own behinds etc and the report not stating much apart from the obvious. We are hoping to buy a house that is approx 15 years old but has been considerable extended to the rear and side. It looks of good standard and no real visable…
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Offer before going to market
We are in the process of taking a property to market. EA are due in a couple of days. next door have registered an interest today but haven't made any formal offer. Question is if we market the property would we need to pay the fees if next door then want it? Should I inform the EA? Should we tell neighbour that they'll…
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Can I sell my house?
Hi, apologies if this isn't the place for this question but I'm in a panic here and need to know if I can legally sell my house. My long term partner (not married) walked out on me last year and left the house which is solely in my name. I've just received a letter saying that she's applying for legal aid and reading…
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New build in Langley
Hello all, I was hoping to get an advise from someone local to Langley, Slough. We have been looking for a 3 bed semi in the west of the capital - somewhere with good schools. Had been looking at Whitton but not finding anything useful for our budget. Stumbled upon this new development from Bellway…
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rental references?
Hi all, Looking for some advice regarding rental references. I have found a flat and agreed everything with landlord on the proviso her lawyers are satisfied with my references. She thinks they want a bank ref and an employer ref. Herein lies my potential problem: I started my first job after 4years of uni in August. I am…
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Transferring BTL house to daughter
My wife and I have been renting out our house for the past 20 years (now empty). We lived in the house for about 7 years before this. The house is now valued at £450k. The CGT works out at about £55K. We are transferring this house to our daughter for consideration of £170K though, this will be a differed consideration.…
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TR1 forms and ID checks
Annoyingly our solicitor has gone on holiday the week we exchange and the Locum, doesn't seem to answer my questions in a way I understand. We were hoping to exchange on Friday and out the blue today I'm told our neighbours need to go into the solicitor's office for an ID check as we own the freehold with them. Our…
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Do Letting Agents have copies of signed tenancy contracts?
Hi everyone Been renting this house for 6.5 years now and we are almost finished buying our first home, yay! :j Exchange and completion are imminent. We have a month's notice to give to our landlord, that much I know, but we can't find our tenancy agreement contract. We haven't seen it since we moved in so god knows where…
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106 local needs form
I brought a house in 2011 under the 106 local needs we are now selling as our family has gotten bigger and the house is to small, I have a great couple who love my house but its local needs and they aren't sure if they fall into that how can we check? Is there away to remove the local needs ? I wasn't local but my hubby…
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2nd mortgage question/help
Hi all, Myself and my wife are looking to buy another house once the fixed term of our existing mortgage runs out. We are on our way to saving another deposit for a second house - we do not want to sell the house we are in as its been in the family for years. Anyone in the know, can you tell me our options? what needs to…
