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House Prices - South / South West
dcs house prces
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Exchange Deposit in a House Buying and Selling Chain
Good Evening All, Please can someone provide me with some advice? This is the first time I have been in a 'chain' as the first property I purchased was a new-build and we were renting prior to that. What happens to the 10% exchange deposit in a chain? We have budgeted for mostly everything (stamp duty, solicitors fees and…
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Moragte
Hi I need some advice I applied for a joint mortgage back January this year but i was kocked back due to to my two defaults that were from 4 years ago and I have payed them off since 2018 and the other 2019 , will I be able to get a mortgage this year or will I have to wait till they drop off also I was unaware of these…
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First time buyers!
I’m in need of advice/ reassurance. I’m 27, me and my partner Have found a home of my dreams. I seem to be the one worried and my partner is relaxed as anything! Anyway, application was submitted a few weeks back. Valuation was today. When am I likely to hear anything back. Can it be denied after valuation? We’ve had our…
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Capital Gains Tax on BTL Rental Sale
Am I right in thinking the tax is paid on sale price, minus purchase price, minus capital gains tax allowance. So for example, bought 150k, sold 200k after 10 years of, tax on 50k minus capital tax allowance of 12.3k. So tax on 37.7k. But then you can also deduct costs associated with the sale, estate agents/solicitors etc…
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Ridiculous listing prices
Is it just Nottingham or are houses being listed over the odds everywhere at the moment? I know there are fewer listings at the moment so it’s a sellers market but they’re being listed for more than in the stamp duty holiday.
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Extra Stamp Duty with second home
Evening, collective experts...... I am having a little crisis...... I own two properties and with the lockdown decided to sell my main residence to move out of London and get more space. The main issue is I do not know where I am moving to yet. And I have accepted an offer on my London flat. Admittedly this happened…
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Third Party gift to a family member
Hi All My Sister is buying a home and I ( her Sister ) would like to Gift her money towards the Home , now question is if I Gift money to my sister is there any Tax complications or issues in doing this ? I have shown the Solicitor my proof of funds etc and the paperwork does have 2 options I can use the Gift option or…
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Solicitors' competency
Most solicitors do a good job, and where that happens, never get a mention here.However, given that we do regularly have posters complaining about their solicitors, I thought the link below might be of interest: https://www.solicitorsjournal.com/sjarticle/Beyond entry: Plans to tighten ongoing competency checks
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1st time buyers need advice
ny advice on getting first house and mortgage welcome. My husband and I really want to buy or own house but we currently only have £1000 saved. I know it’s not a lot but our rent is £950 and if Covid hadn’t happened we would have had a lot more saved. We are currently both on furlough and I am pregnant (I get not the most…
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Is an accepted claim under a Premier Guarantee transferable to new owner?
So I'm close to completion on a house built in 2015 where a claim was made on the Premier Guarantee around 2016-17, within the 2 year defects period. That remedial work was booked in for March this year but the owner decided to sell before starting the work. If I buy this house, as I understand it the Premier Guarantee is…
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CHAPS charge query
Was jointly left a property in a Will and I've just completed on the purchase of my sister's half. The Completion Statement from my solicitor, Land Registry transfer application and the amount I have been subject to Stamp Duty are all the same amount, however my sister has received a cheque for £39 less than the amount…
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Buying property/Divorce/Entitlement
Hello, just after advice please, my partner and I are buying property together - we are using my partners medical payout as large deposit. We have a child together and I have sold my current property. Partner is still married but 3 years separated - we have asked for divorce and now ex wants half of the medical payout. If…
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Outstanding Solicitor Enquiries
We are cash buyers and had our offer accepted back in September. There are just a few outstanding enquiries mainly around guarantees which the vendors advise that they have sent to their solicitor so not sure why these have not filtered through to us. Our solicitor does not seem to be very helpful and just keeps sending…
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Question for LR
If a property is freehold but has a restrictive covernment in favour of a management company but the management company is dissolved over 10yrs ago. Will LR accept an Rx3 to remove the covernment permanently?? For the purpose of us buying the property we gave put an Rx2 form in to LR to disapply. The is no process in place…
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Prescriptive easement and indemnity insurance
We have a prescriptive easement (made in 2006 by Statutory Declaration) over unregistered land, owner unknown. It is registered on our Title Deed with the Land Registry. We have owned the property for nearly 36 years. My question is should we also have indemnity insurance to back it up, or is this unnecessary? As an…
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Asbestos missed in RICS building survey
Hi, I had a RICS building survey (June 2018) on our house that viewed the electrics as "a poor installation and may not necessarily have been provided by a competent electrician" but did not mention anything about asbestos even though the report acknowledged a converted garage. When getting the house rewired (January 2019)…
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Stamp duty?
My partner and I are looking to buy a house together to move into. He currently owns a property that he's wanting to rent out when we move. I don't own a property. My question is, would we need to pay the 3% stamp duty for a second home if only one if us owns another property?
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London living costs
With a 70k deposit, a 45k salary and commuting costs paid by employer in London, could you buy a 1 bed flat and still live a relatively comfortable life without having to sacrifice too much (I.e. Afford daily living costs plus 1 or 2 holidays a year, have a social life etc)?
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What advice would you give to first time renters?
Hi everyone, My Family and I will be moving into rented accommodation soon, this is all new to us as we have never done this before. What advice does anybody have for those renting for the first time I.e. ways to save money in the home? Recommended broadbands, tv packages etc. Thank you!
