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Transition from Private Landlord to SPV limited
Hi I came across a video in youtube called "Section 24 - BTL - Buy To Let Tax Changes Explained | Landlord Buy to let tax solved | Incorporation" that explains how to mitigate some of the effects of section 24 (sorry cannot put the link here as I am a new user) I have tried to do some homework on the content, but I would…
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Freehold buy - Ball Park
Hi guys, I have absolutely NO idea what the cost of buying a freehold would be like. I have a property I manage that has 57 years left on the lease and no surveyor wants to give me a ball park as to how much it would cost to renew the lease (they want me to pay for the survey which I get, but I can't pay for the survey…
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Capital gains allowance confused...
Hi guys, I don't know if anyone knows much about capital gains, and I know it's changing after April, but I thought I'd ask anyway. My mum who is still alive gifted me a house in may 2015. It was worth 325,000 at the time. I rented from that month until December 2017, where from then until now it is my main residence. It…
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Tips to prove state of property before moving out and how to get maxumum deposit back?
Last time I moved out they charged their usual erroneous fees for deep cleans etc (I know this one is now banned under the new act) and they wouldn't give my deposit back when I contested it. I finally got it back in full but in that case it was only when I threatened to take them to court for the deposit not having been…
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Granting exclusive access to garden for ground floor flat
Hello, I'm planning to convert a 3 story semi detached house into 3 flats - one in each floor. i would like to sell each flat separately, where the ground floor will be sold with the freehold and the other two as leaseholds. From legal and architectural point of view, can i grant a full access and ownership to the garden…
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advice - house-sitting gone wrong!
Hi, looking for a bit of advice, apologies as this may be a little long for me to explain, so here goes... About a year ago a former friend of mine who emigrated to France was in the fortunate position to have a home she didn't need to rent out or sell. However, we discussed the possibility of me moving in a house-sitting…
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Landlord kitchens
Hi. I need to buy two kitchens for rental, roughly 3m run of base using and 2m of top units. What do most landlords recommend and rough cost. I tried DIY kitchen but getting around 2k. I can get some Gover/rapide+ flat pack kitchen for 600 but got no reviews for them. Has anyone tried that company. I also looked at wickes…
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Conveyancing (via Purplebricks)
I’m potentially looking to purchase a small property cash via PurpleBricks. I can negotiate via PB and I am keen to keep fees as small as possible. Do I need to involve a solicitor? I’m sure what I need in terms of conveyincing as a cash buyer.
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Curtains in a rental property
I rent an apartment and my lounge has a floor to ceiling window as well as a balcony door. The window has standard vertical blinds and the door nothing. I put a tension rod with a voile over the door for extra privacy over the summer but now I've realised neither that or the blinds offer protection against the cold!!! I…
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Gifting home to child
Looking for some advice and direction.... We have a Small second property (in Scotland) currently rented by tenants with a small mortgage remaining (£17k approx). The property is only worth about £45k. In a bit of an urgent financial situation recently ( tax bill etc), our daughter gave us £25k, and the plan is for our…
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Leasehold Extension (Freehold)
A group of us (4) recently bought the freehold of the property we've got flats in. Two of the flats had already got lease extensions to their flats for 189 years - we've agreed to issue extensions for the remaining 2 flats. Will we need to issue Deeds of Variation to the leases and will these need submitting to the Land…
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Check out fee after I've rolled onto a statutory periodic tenancy?
I started renting in February with Reeds Rains before the abolishment of eronious tenancy charges. It was a 6 month contract that ended in August, at which point I rolled onto a statutory periodic tenancy as I only needed 2 more months. I have been asked to pay a £120 check out inspection fee: "There will be a check out…
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Conveyancing gone wrong
I just got my ground rent bill through and it said Mr and Mrs on it and has done for years but I bought Mr out of the house 9 years ago.i have never thought about it but I phoned the ground rent people up to get it changed and they said a notice of assignment and notice of change hadn't been done and I was in breach of my…
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New build, additional works agreed changed by developer
Hi, We recently negotiated on the purchase of a house based on some additional works being carried out. It is a new build by a small developer asking price was £190k. It had been on the market complete for a few months, we are FTB. We wanted some additional works carried out as part of the sale. One of these was suggested…
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Been living with my mom for 5 years, she has right to buy, I can buy the house outright....
Been living with my mom for 5 years, she is on the tenancy. I have the funds to pretty much buy the house outright with the discount. Would I be able to do this? Does my mom have to be on the tenancy? She is in good health but if she requires care later what happens to the house. My mom doesn't want intrest in the…
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Barclays mortgage
Had a really long drawn out process (there have been Issues) our buyer with Barclays got an email on Friday to say yes they will lend, they would notify his solicitor. Its took 5 weeks to get the ok and 17 weeks before that, so much so our on going purchase pulled out on us an remarketed the house. A week later we got the…
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LPE1s for Leasehold Transactions?
I am 8 weeks into a Leasehold Transaction for the sale of a shared ownership property. The buyer has his mortgage in place, which has been approved by the Housing Association. My solicitor advised me that a Management Pack was requested and issued to the buyer's solicitor in early September (At the beginning of the…
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Been living with my mom for 5 years, she has right to buy, I can buy the house outright....
Been living with my mom for 5 years, she is on the tenancy. I have the funds to pretty much buy the house outright with the discount. Would I be able to do this? Does my mom have to be on the tenancy? She is in good health but if she requires care later what happens to the house. My mom doesn't want intrest in the…
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First Time Buyer Guidance *SCOTLAND*
Looking to buy my first property. I have a property in mind and am considering putting an offer in but mot sure if I'm at that stage. What types of things would I need to have in place prior to offering? My partner and I have an AIP and I'm currently looking for a solicitor as I'm typing this. Am I missing anything? Does a…
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Pagan Osborne
Has anyone bought a home sold by the former Scottish estate agents Pagan Osborne?
