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Can we limit our tax liability when renting out a room
We are buying a 2 bed flat with a mortgage in joint names for our son to live in, renting out the 2nd bedroom to one of his friends. I am a non tax payer but my husband is a higher rate tax payer. Is there any way we can limit our tax liability for the rental income rather than pay the top rate, bearing in mind I do not…
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Dastardly email scam
I am wondering if I have any case against my solicitor as a consequence of what has occurred. In a nutshell my solicitor's system was cracked and I received an email - as these things inevitably go - indicating that I should transfer funds into their client account and details were given etc. The detail of this is…
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First time buyer, help needed.
Hoping some more experienced heads can help me out. I'm interested in buying the below property that's going to best and final on Monday. It's a stunning property that has been renovated and extended to an excellent standard. It is located in a popular area of York, however the street itself isn't picturesque and I imagine…
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Buying a House with Taylor Wimpey
I’ve read a few historic posts in respect of Taylor Wimpey houses and people managing to negotiate a lower price for the one they’re buying. How’s best to go about it? Do I stand a chance? They’re running a part exchange even at the local site this weekend. We went up in advance to get a head start on the valuation for our…
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Rural Dreams - Frustrated Reality
I am venting, selfishly, I admit. I am frustrated with searching for our “forever home” with a wish list of ideals yet a ‘limited’ budget. This is all about a lifestyle change, so as first time buyers it is a massive deal to us. We want a better life away from the cityscape, the 24/7, the pollution. We want fresh air,…
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tax on let period during ownership of Property
Hello, i'm thinking of potentially selling my property but before I commit to the conveyancing process with a buyer I think I may have a retrospective income tax liability as during the last 11 years of ownership I let the property out whilst living at my mum's house for 58 months during 2 separate periods. I've worked out…
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Transferring a Gifted Deposit to my solicitor
I’ve been trying to find a related thread but haven’t seen one, so apologies in advance if this has been answered before! I am currently in the process of purchasing a Shared Ownership property. Our solicitors ar aware that the deposit will be gifted from my mum. They have a written letter confirming this, copies of her ID…
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Renta a living room on the house
Hello, Would be possible to rent a living room for a tenant in 3 bedrooms house? I would like to rent all of 4 rooms, but I'm not sure how it looks like from legal side? Best Regards, Marcin
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Rules in Scotland about renting a room Air b and b
So if you bought an apartment, had your mortgage in place and so on and you wanted to rent a room out on air b and b in Scotland then you are part of this 'rent a room' scheme which apparently is tax-free up to £7,500. Fair enough. What if you worked offshore (oil, gas - 4 weeks on off etc.)? Even though you are still…
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3 days between exchange and completion
Hello, We're in a 3 house chain and have been waiting to exchange for months due to our vendor's onward purchase. They finally said they were ready and we were all set to exchange Wednesday last week and complete Friday next week, but then they realised there was something else that needed to be approved by the lender,…
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Gas safety inspector lying about attending appointments, council threats
Hi, A gas safety check recently was due, I missed the first one and the council threatened legal action if I did not allow entry on the next appointment date. On that date I stayed at home all day to listen for the door, no one turned up. I then received another threatening letter and a new date was set. I again sat on the…
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Advice about suing letting agent
Hi I've been well and truly conned. When I moved into a room through Belvoir Cambridge the place turned out to be squalor with an non-functioning en-suite. Filth, some brown like poo, some red like blood, are smeared and sprayed all over the walls, curtains and carpet. The entire bathroom is completely blocked and a plug…
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Additional stamp duty jointly owned
Just trying to work out whether or not we can disentangle ownership of two properties, or whether or not the additional stamp duty costs tie us forever. Both properties jointly owned in England (not tenancy in common). Not married or in a civil partnership. First property worth £200k, second worth £400k, both have been…
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Home Buyer Survey Results
Hi, I am a first time buyer and as any first time buyer, I am nervous and extra cautious.I got my HomeBuyer survey result and i got a lot of 3s and 2s. To me all the issues look very serious, enough to make me wonder about my decision to buy the property. Should i drop it or still go ahead to buy taking into considerations…
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find cheapest houses in UK
is there a way to search rightmove or another website for a list of the cheapest houses in whole UK, not just in a specific area?
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no building regs for whole floor
hello there, we were looking to buy a house which was marketed as a four bed house. turns out the whole second floor does not have building regs hence the valuation is a total joke. surveyor says ea should not have marketed said property as two floors four bed when the second floor is legally only loft space. We have…
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Where have all the 20 something’s gone?
So I!!!8217;ve got a topic I!!!8217;d like to discuss. I begin by saying I hope we can discuss it civilly and agreeing to disagree where needed. Saying that we are all adults here so if you feel strongly then wade in!. Here goes... I am a millennial, I find myself in a rare position of inheriting a very large amount of…
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Buyer pulled out, rent our next home?
We have been going through the process of moving home ready for a family and it's the first time we've been involved in both selling and buying (our current home was as first time buyers). We found the perfect home to move into, and they are not actually dependent on the chain. They've already exchanged and are moving out…
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Price before reduction
A house which I might be interested in has now appeared in my price range search on RightMove. It was preciously advertised at a greater price and has now been reduced. Is there any way I can find out what the original price was other than asking the EA?
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Non- Standard Construction
Hi guys, I need some help. I'm sure it's been covered a thousand times but I can't find the answer. My daughter is a first time buyer, she's doing it on her own and I'm so proud but it leaves her budget stretched and properties hard to find (without buying a new build, really don't want to go there...) We've found one, she…
