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How much Capital Gains Tax to pay on selling second home?
My husband and I bought a second home in 1999 for £89,000. We let it for two years but since then have spent weekends and holidays there. We plan to sell it next Spring and have had it valued at £485,000. There is no mortgage on the property. We are both basic rate taxpayers. Any idea what the capital gains tax would be…
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Contents insurance renewal on rental. Buying a house in next 2 months!
Hi everyone, Just looking for advice on contents/home insurance. We currently have contents insurance for our unfurnished 2 bed rented house. Our renewal is 2nd December and the price has gone up significantly (from £10pcm to £16pcm) so I've looked for other quotes. Trouble is - we are currently in the process of buying…
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Issues with Barclays mortgage lender
Not sure if this is the right place to ask but I'm looking for advice. I'm in the process of buying a flat in Edinburgh (Embankment West by Regency Residential). It's an old council office conversion. I've been accepted on the Help to Buy scheme and my mortgage adviser submitted my mortgage application with Barlcays the…
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No contact from Letting Agency after successful checks and references.
My partner and I put our names down for a house to rent recently. The house was never listed as we got it before it hit the market. Paid the agency, sent off references, got credit checked. Two days went by with no word from the agency, so we rang them to ask how things were progressing. They told us the checks and…
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Help to buy redemption valuation advice
Hi, we are a couple weeks in into the redemption process on our help to buy loan with Target. We had a valuation done by our mortgage company and they valued it at one price. Last week we had a independent valuation done for the purpose of sending to Target, that arrived yesterday and has come in at £10k less Will that be…
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Land Registry and Stamp Duty
Hi some confirmation/advice in the above please: Person A owns property 1 in his sole name with no mortgage (it is rented out). Person A and his wife, B, jointly own property 2 with no mortgage. A dies. B is his Executor and his Beneficiary. Probate is granted. To remove A's name from property 2, I believe B sends form DJP…
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My agency won’t give me any info about my Landlord
Hi everyone, I’m a bit lost on the UK law so I’ve been having some slug issue in the house I recently moved in back in July. I’ve sent multiple emails to the agency and I feel like they aren’t taking this seriously since I am still having slugs after 4 months of being here. I have asked 3 times to have my landlords full…
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How to maintain a steel framed house?
We've recently bought a Trusteel MK II house. It's a lovely house in good order. We had a specialist steel survey which showed no issues or corrosion. I hear there you can avoid issue with they steel if you maintain the house well but what exactly does that mean that's different from other houses? We have replaced roof…
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Letting - Can you get round an Estate Agent ?
Hi All, Further to my previous thread, I am now in the process of speaking with various letting agents and also looking at direct lets through OpenRent and Gumtree ... I have found two gorgeous properties that tick a lot boxes in terms of location, size and style. The only problem is the estate agent that is advertising…
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Exchange or not?
Hi, In a position to exchange on a new build shared ownership property today. Given the uncertainty right now, would it be recommended? Obviously nobody knows for sure but there must be some indications. Thanks!
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Solicitors for tenant eviction needed
Hi, Could anyone here, please recommend a good solicitor for tenant eviction in London? I have given the notice nearly 2 months ago but as I know my tenant has contacted the local council, I have a gut feeling they may be waiting for social housing (they have been advised to wait until they get a warrant to move out) and I…
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What would you do ? Rent or leave empty
I have come to the point where I am ready to rent out my old home , but I don’t know whether I shouldn’t leave it empty or not . It has been empty since July Mortgage and council tax and insurance will cost me £400 pcm I can get £700 pcm rent but the added costs and responsibilities- not sure if it will be worth it so…
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Buying: New-build with non-adoptable bit of road to rear. Dormant management company preventing sale
TL;DR: FTB, no chain, private road to rear of house, serving ~12 houses. Management company runs & owns road. Need mgmt company to certify sale to get name on title deed. Mgmt company is unresponsive. Concerned I may face this issue when selling on. 6 MONTHS since my offer was accepted. Stick or twist? I'm a FTB and the…
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Exchange query..
Hey all, Got a question regarding exchange. My solicitors are requesting original signed documents ( they are far away from me ) , post has been a nightmare and they have gone awol! My question is; I am in touch with the vendors who want to complete ASAP. Could I not take the contract and TR1 to the vendors solicitors…
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Help please: at risk of redundancy & contract exchange
Hi, Please advise. I am about to exchange contract for a new built house next week. This week at work have been told that my team is "at risk" of redundancy and our consultation period will end by mid of next month.
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Deposit Dispute with landlord
Hi, I have recently moved out of a rented house (14th Nov). In our contract we have a pet clause as we have a dog. Now....it stated we neede to have the carpets professionally cleaned at the end of the tenancy due to having a dog, however when we moved in the landlord stated to us that there were stains due to previous…
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Overpayment of Rent
Hi. I have purchased the house that I was renting. The new contract for tenancy started in July 2018 as a 6 month AST with 6 months being paid up front. The sale dragged on for a long time, and although completed, got to the point that the landlord served a section 21 to remove us in case it didn't go through. The house…
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Home buyer report.
Evening all. Can anyone shed any light on home buyer reports? I know it seems pretty self explanatory, but I’m just after some experienced information. Would you recommend getting one carried out? What sort of cost would I be looking at? At what point in the process of buying our first home would the report be carried out?…
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Incentives during planning from property developers
Hi, Our house has been on the market for a couple of months and we've been approached by a private property developer asking if they can apply for planning in exchange for an incentive. I presume we'd have to take the house off the market for the 8 weeks while this goes ahead. (But it's November and we've only had one…
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Selling Flat - Boiler Service
I hope someone can give me some advice. :) We're right in the middle of selling our flat. We had the gas turned off some time back, as we don't live there, so there's been no supply for about two years; the buyers were aware of this from the outset. But we had the boiler serviced just before the gas was turned off. The…
