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Tips for a young couple renting?
Me and my partner have been together 4 nearly 5 years. He works full time in animal care and I am studying a bachelors degree and will progress to my masters. He is 19 and I am 18 nearly 19. We are aware that our age and the fact I am a student may deter people from wanting to rent to us but we really are no trouble we…
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Do I pay tax if rent income is less than Personal Allowance.
new landlord question. I am a house keeper without a job and rent a property out which I own (no mortgage) and the annual rent income is much less than the standard Personal Allowance. I do not have other income. Do I need to pay tax ? Do I need to do the self assessment still? thanks
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House Survey Help
HI All I am currently in the process of buying a house and i need some help with building survey Is assocRICS good enough for a building survey? As opposed to MRICS or FRICS qualification Thank you! :beer:
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Bad tenancy.
Hi I just wanted to post this thread about a nightmarish experience I have had in my old flat which I have just recently moved out of. It was a block of flats with a communal hallway area. During the time I lived in there I was assaulted and beaten up by another tenant. Also I have had many things go missing from my flat.…
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Welsh Land Transfer Tax
My brother is buying a property in Wales. The purchase price is £147500 ie below the £180k LTT threshold. He is currently divorcing his wife and will be relinquishing his interest in the marital home in England. The completion date for the Welsh purchase will probably predate the divorce and so there will be a 3% LTT…
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Renting an apartment for work
Hi All Due to a change in policy at work, anyone not living within 1.5 hours from the office has to pay to get to work. I live in northern ireland and the cost to me is flight, hotel , car park at airport, car hire weekly. I travel a lot with work and they will pay all my travel but only from London I am moving into a flat…
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Stopped from being a first-time buyer
Hi all, My Husband and I are looking to buy our first house together and neither of us have ever bought a property. My Mum jointly owned my Grandads house (with her sister), which they rented out. However 8 years ago she split her 50% share between my Brother and I and put 25% in each of our names. On paper the house is…
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Advice needed re former rental
Hi All! You may recall my previous posts about rent arrears and end of tenancy cleaning.. Well, to summarise; I failed to pay my rent totalling just under one month, and was told I'd have to leave (I know I didn't actually have to) despite offering to clear the balance. I signed an early termination which came into force…
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(London) Negotiating price on house: Help to Buy vs. Not
I work in London and recently spoke to a couple of colleagues who have both recently bought new builds in London. One recently purchased a one-bed new build through Help to Buy. He did not receive any discount on the asking price whatsoever, though he suggested developers can sometimes agree to cover your stamp duty.…
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Remortgage issue due to Wooden Cladding
Hello, We've got a property bought as part-buy part-rent in 2009 and bought in full in 2016 that we are remortgaging. We're facing an issue as there is a proportion of the building exterior that uses wood cladding and the surveyor regards this as a fire risk. There was a similar thread on the forum around a year ago but I…
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Moving cities. Sell or let?
My partner and I bought a one bedroom flat in SE London for £315k in Jul 2017. Our fixed term mortgage is up in May 2019. We want to move to Bristol this year. My partner is applying for a job and if she's successful I will transfer my job, meaning we'd move approx Jun 2019. Selling is a risk as the value has not gone up…
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Snagging Report from an external company
Hi, We bought a new built house 6 months back. We have had a few snagging issues which builder promptly fixed when we submitted our 10 day list to them. They have recently asked us to provide our 6 month list. We have a few items to report, but my partner thinks it would be good to pay a professional company to carry out…
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Shared Ownership Financial Assesment Advice!!!
Hi all, I’m looking at purchasing a property through shared ownership in the coming months and I’m aware there is a financial assessment involved. I’m a young applicant (under 20) and therefore don’t have a huge credit history. I’ve got all my payslips and p60 in order and I meet the criteria for wage bracket etc... I’m a…
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Open market equity scheme Scotland query
Hi there, I’m hoping someone can help. We’re looking at using the open market equity scheme to buy our first home. Basically my question is, if the government ends up lending us say 30% of the cost of the house, does that mean our loan to value would be 70% (or less since we’d have a deposit)? Also, if anyone has any…
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Council Housing bidding
Hi all, I don't know is it the right section to post my query. As it's related to rent I am posting here.. Actually, I need some help on council housing bidding. At the moment I am bidding for local council housing for almost 4 years. My position in the waiting list looks like will get with 1/2 years. But, the problem my…
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Rentcharge and 4 indemnity insurance policies
First time buyer on my third attempt at buying a property. I seem to have no luck! So the property I’m buying appears to have “rentcharge” - the house is freehold but I still have to pay £3 a year rent. I’ve done some reading and it doesn’t worry me (leasehold would have!) - has anyone got any experience with this? Did it…
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Is it me?
Having been on the market since August and we got our first offer in November. Everything moving along nicely then the bombshell from our FTB, mortgage offer declined. Back on market within a week another FTB offer 10k less and we accepted. Roll on 5 weeks FTB gifted deposit withdrawn. Back on the market. So I’ve had two…
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Stamp Duty - sting in the tail?
I've got a couple of BTL's and my main home, all acquired before the second home duty stamp duty. Question is, it looks like if I moved from my main residence to a new home I''d be liable to pay an extra 3% on account of the existing BTL's - is this correct?
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Home buyer Survey results
Hi everyone. I am a first time buyer and currently hoping to buy a old cottage that needs a bit of refurbishment. I had a survey done and estimation for all work is really high, but imminent work is circa £7k (damp course needed to one wall, wood worm active in the loft, slipped roof tiles and chimney work). I have…
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Help to Buy Equity Loan - help!
Hi We are looking to purchase a new build on help to buy for 245'000. We have a 10% deposit (24500) but don't want to take the full 20% equity loan as we want to pay it off within 5 years. Can somebody advise if we can put down 10%, and take 15% HTB equity loan? I can't seem to find anything online... it all focuses on…
