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Let to rent or buy?
As the title the let part is already being done, long term tenant, happy to leave this as it is. It's the other part I'm not sure about, do I rent or buy another place? One way or another I need my own place. I currently have £60k left on the mortgage on a flat worth £210k. A part of me wants to be free of a mortgage and…
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Letting Tax Return
Hi Quick question ref doing my end of financial year tax return, we had our tenants move in end of Jan however property was on market from November. As such does our profit start from the time it was let or from the time we marketed it? Many Thanks.
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Brexit vs FTB by EU Citizen
Hello everyone. I am considering starting a ftb process in early 2017 as I am still on my probation period. However, I hear different comments about whether it's better to wait until EU exit negotiations will begin or even finish as this may shake up the property market, even in London where I am planning to buy. However,…
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Stamp Duty Query
Hi. Please could somebody advise me? My mum has passed away and she has left me her half share in her house. My dad (her ex husband) owns the other half of the house. They were tenants in common. I would like to try to buy my dads half of the house, as currently I live in the house. My question is, would I have to pay any…
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Buying - questions about solictor
We are in the process of buying a house and are getting close to the point of exchange. I don't think either parties solicitor has been particularly efficient as we have just received the property information pack which the seller filled in on 15 Sep! And also just received the queries raised by our solicitor on 11…
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Sales info shwn on Zoopla and Right Move
Hello, I wonder if, someone in the know, is able to explain why a house sale can be excluded from the Zoopla/Right Move sites thereby hiding the amount a buyer may have paid for a particular house.Thanks.
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Does Stamp Duty Apply?
Long story short... Divorced and ex-wife still lives in the marital home. As part of the divorce, we changed from joint tenancy to tenancy in common and I am due a small percentage of the equity in the property in 4 years. I have been renting for several years and now want to buy. Would Stamp Duty apply to me?
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Capital Gains tax if I move into buy to let property
If I sold my main/primary residence and moved into my buy to let property, would this remove any liability for capital gains tax if and when I sold the latter? I.e. The buy to let becomes my main/primary residence. Would any liability drop away on day 1 - for the sake of argument - of switching primary residence, or does…
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Shared Ownership - Rules of moving in with a partner?
Hello all! I have spent the last five hours extensively googling this and finding absolutely nothing, apart from the fact that partners don't count as lodgers - but I don't know anything further than this! I've recently started going through the process of buying a shared ownership property. My boyfriend will be moving in…
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What to do RE sale of our property...
We only wish to sell our property if we are successful in getting a certain other property. As we have put in an offer, we put our house up for sale to show our seriousness / get the ball moving etc. We now understand from the agents that someone else is interested in said property. Would you halt everything to do with the…
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Not being told about other interested buyers? Normal?
We put in an offer on a property, 3 days later it was declined, along with the information that someone else is going round for a third viewing! Is this normal? We expected to be told if someone else was interested in the property?
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Searches
In the process of buying a place in Chester and the searches have pulled up bits about HS2 and it's potential impact, in addition to contamination as the place is within/near the city walls, river. Should I be worried about this? Especially the HS2 part? I've heard the government could force you to buy the place off you in…
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Downsides of selling to a housing association?
Firstly, we're in Scotland in case that changes things (it usually seems to!). We live in a small tenement which all used to belong to the HA. We bought our flat over a decade ago from someone who'd bought it from the HA. The HA now only owns one flat plus the 'fabric of the building', ie the common areas, external walls…
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Do i have to pay stamp duty?
I don't think i have to pay the higher stamp duty tax. Me and my husband are seen as one unit, therefore what he owns I own and what i own he owns. He owns a flat with his ex wife which he rents out. He moved into my home that I own. We sold my home, our main residence on 24 March 2016 and rented as the house we wanted to…
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Neighbour renting rooms to people although their house is not buy to let
Sorry all for being nosey about my neighbour But this is affecting our drive way as we see many cars parked around our drive way and no place to move. We thought that their must be guest coming around so we did not bother for many months But thing started becoming very annoying when cars are left into our drive way As far…
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Advice needed about rental situation
Hi all, I am hoping that someone may be able to offer me some advice as a tenant. Apologies if this is stuff some of you have all heard before. There's various things not ideal about my housing situation but I will try to stick to two that I am more concerned about! 1. I live in a flat in a block on a terraced row. The…
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Buyers solicitor working at a sloth pace
I won't bore you all with every details of our property sale, but our buyers solicitors seem to be working at a sloth's pace. They send our buyer an email on 21st October (we saw through our Estate Agent) saying they are waiting on a few replies to queries (which my solicitor confirmed was not true, they had sent…
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Advice urgently needed please re Freeholder
Hi I have had a big shock today in that I got a call from the council about my buy to let flat. The tennant of the flat below complained to them that a leak had caved his bathroom ceiling in. The upshot was the council lady went around and has concerns about various things and is coming back to do a full inspection . She…
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Home buyers survey
Hi, im looking for advice on a homebuyers report we just had back. Its the first one we have had and as usual looks a little worrying so was looking for some advice on these issues I've rung the surveyor and just waiting for them to chat through it E2 - Roof coverings - defective coverings ( i think this will be some…