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Partner Paying Off My Mortgage - What am I asking for?
My partner who recently moved in with me has (at my suggestion) decided to pay off my mortgage in return for a share in my house. I want to find a solicitor who can do the needful and write (or in my case, re-write) wills for us both. What is what we're doing called? Will there be any tax to pay? Is there anything else I…
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Stamp duty if Parents move into my house
Hi My parents are in need of moving house and are keen to move to the house i own, they will sell their house and give me enough money to pay off my mortgage. I am currently working away in London and will rent in London. This part is relatively simple but if my parents died within 7 years, i think, the money would be…
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Swapping Houses
We cannot afford to buy a bigger house in Chelmsford so we were thinking of swapping houses with my brother. He has no mortgage and we have 7 years on ours. We are just going to live in each others houses with us paying our mortgages but I need to know where we would stand legally. Which includes mortgage , house insurance…
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Opinions on kitchen/utility
I need a new kitchen, but in about 3 years I will probably downsize. So my choice of new kitchen will be influenced by how the kitchen will appeal to buyers. At the moment I have a kitchen/breakfast room with a separate decent sized utility room which I love as it is the washing/drying room. If it were my choice I would…
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Rent Guarantee Schemes
I may have to consider renting out my house. My partner and I are separating and suspect we will have problems selling our house (its new build and we can't afford to reduce price). We're not in a position to rent it out in the traditional way as we have no means of paying the mortgage if we have no tenants, or if we have…
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Tenancy Referencing
Hi Guys, Bit of a question, perhaps a bit of advice from anyone that might have an idea or been in a similar position. The tenancy agreement on my house expires at the end of June, and I'd quite like to move 30 miles down the road to my home town (work is halfway between you see!). But I'm stuck in two trains of mind at…
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First time buyer- flat or house?
I am a first time buyer and being able to afford a house seems miles away. Do you have any thoughts on which route is better?... 1. Buying a flat now with low mortgage payments to get onto the property ladder, then eventually moving into a house 2. Or continue saving for a deposit on a house which could take 3-4 years…
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Buying a house- friend to stay?
Hi all, My OH and I are in the process of buying a house... we're at the stage where the mortgage has been accepted, and the homebuyer's report received, so aiming to move out late May/ early June. Currently we're in a houseshare and one of the housemates is due to move to America with his wife. He's been applying for his…
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First time buyer - advice & help NEEDED!
Hi All, I would love to get your advice and opinions on my current situation. My fianc! & I are trying to buy our first home together as soon as possible but we're really unsure of what route to take, either using the Help to Buy scheme or to try and do it without. I've never owned a property myself but my fianc! did about…
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Auction sale for let property
I'm just after any experiences people have of going to auction and particularly using the larger London auctions. My father has a shop and converted two flats behind and above, a garage and outside space with two parking spaces. He is slowly running down the shop as he is 80, and has been looking to sell for about two…
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Offer accepted on house - but then taken to best and final offers and lost out!
Deleted - no longer need
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Transferring property to my wife - CGT and Stamp Duty
Hello, lovely forum people. Some advice, please. I'm 'gifting' half of our property (main residence, in which we will continue to live) to my wife. Can anyone point me to the very latest advice on Capital Gains Tax and Stamp Duty? There seems to be all sorts out there, as it has changed so much over time. It looks like CGT…
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Rent increase
I live in a small two bedroom house which is fine for my daughter and I. We have lived here for four years. The interior of the house was in a shocking state when I first looked at it (and I mean awful - worn out carpets, hadn't been painted in over 10 years, dreadful kitchen and floors, dirty etc etc). However, the…
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How much lower could I offer?
Ok seen dream bungalow on Internet, really nice area and culdisac. However the price is 50k more than I can afford and I think they have put it on too high. It's only been for sale for 1 month so not been on long. Semi detached 3 beds go for 180k cheaper in area and seen other detached around 60k cheaper just been sold…
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My property...views on it please
Thanks for the replies
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Buying a listed property
I've really wanted to live in an old property for years and we looked at 1 this week that was built around 1494 The house was renovated around 13yrs ago as it had been used as a shop previously and seems to have been done to a good standard by the owner himself. Far as I can see he had consent as I've seen the application…
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Buyers premium
I am looking to sell our property and the estate agent we are wanting to list with has offered a couple of options, the first being for us to pay a 1% commision based on the sale price, the alternative being a 0% but to charge the buyer a 1.5% "Buyer's premium" They claim that the latter is what they would advise and has…
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Selling a l/h flat, joint freeholder refusing to return lpe1 form
I know this subject has been discussed previously but my situation is not quite the same so thought I'd reach out to see if anyone can offer me some advice. We live in a top floor maisonette with a 50% share of freehold and have just accepted an offer to sell it. We have put an offer for another property that has been…
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Shared ownership versus renting
I am currently a HAssoc tenant with a 5 year tenancy payable at £695 per cal month. Locally in the next month a shared ownership 25% of a 3 bed 3 story town house is coming up for sale, ( I have first offer)house valued at £180k and this style of house currently selling between £185/190k. I can leave this flat with 4 weeks…
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Rising damp - how bad
Just got our survey back on a potential purchase. Many things we expected (and had budgeted for) came up but so did rising damp "to most of the ground floor living area" the report went on the say that the damp proof course had clearly failed in places and remedial work which had been undertaken had also now failed. It…
