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Using MMoA to sell home.
I'm interested to hear from anyone who has actually used this process to sell their home as my EA is recommending this route for me. I've read a previous thread on this subject but it seems to just be peoples opinions and not actual experience.
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Was letting now selling. HMRC questions
So we used to rent out a property but after having a bad tenant who decided not to pay his rent and going to court etc we've now decided to quit renting the property and going to sell it. Now I know about the capital gains tax that comes with selling but my question is more to do with HMRC and self assessment. So in the…
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Solicitor / Conveyancer help.
My Wife and I are splitting, amicably, and our house (our first) is currently for sale. I don't have any kind of legal types involved yet, and I'm clueless. We're selling, and both buying a place of our own. It's a bit complex as in we've got about £100k equity, half is going to settle debts, the rest split (almost) evenly…
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shared ownership rent
I live in a shared ownership house and own a 1/4 of the house - mortgage was paid off last year. We pay rent on the remaining 3/4 and i believe it is worked out as 3% of the part owned by the HA. When I work it out we should be paying around £480 but we are paying £680. Should I contact them? We have lived here for 28…
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Professional Consultant Certificate impasse
Hi - we are in the process of trying to buy a property that has been extended and “renovated” recently. Our surveyor says that we should not buy the property unless a PCC is provided. The seller is saying “ The architect did not oversee the renovation works, he simply designed the extension and obtained planning consent -…
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Where is the boundary line, on a side access here? Can the fence be moved to make a wider garden?
The purple line demonstrates where the current fencing is. The black line demonstrates the neighbours fence. I was wondering (i) if the fencing can be moved to where the red line is, and (ii) should we wish, knock down our garage in the future. Moving the fencing out would mean a wider garden, (not as wide as it would be…
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Rent a room excess as non-coded income
Hi, in my HMRC account i see that the excess received from the lodger (on top of the £7500 limit of the rent a room scheme) shows as "non-coded income", presumably to apply K codes and deduct more taxes from my payslips. Is it fair at all? A lodger can come and go any time, so that income is not as guaranteed as a payslip.…
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Rent shortfall puzzle?
My adult son (vulnerable - MS, Asperger's Learning Difficulties) is facing eviction as the landlord has defaulted on the mortgage and the lender is reposessing. He claims HB. We are on top of all this but an anomaly has shown up - just would like to run this by here and get some opinions - The owner of the propery (lives…
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Initial two weeks rent on housing benefit
My Granddaughter is 22 and a single mum. Last week she was offered a council flat having been in sheltered accomodation. The Council pays her rent. On the Moday she received an e-mail, the important bit for this states; “You will
need to make a payment of £XXX by
clicking HERE (equivalent to
two weeks’ rent and service…
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Stamp Duty for 25% Share of property
I seperated from my partner with whom I jointly owned a property. To enable me and my children to stay in the home my mum wants to pay out my ex partner and take 25% share of my property. I will need to pay rent on this share. Would she have to pay stamp duty on for the 25% share ? It would be a shared ownership…
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Moving from one council/HA to another 200+ miles away
Hi all, looking for some advice. I currently live in a 3 bedroomed HA property, myself, husband and my mum. My mum has recently expressed interest to move into her long term partners house. This would leave myself and my partner in a 3 bedroomed house, where we claim two rooms a he is disabled and I am his carer, I…
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Considering purchasing a leasehold property advice needed
I am in the Coventry area and considering buying a leasehold maisonette but I am feeling completely overwhelmed by the whole process. I need a professional to advise on the legal requirements and make sure I am doing the right thing. Can anyone recommend any reputable companies that won't charge the earth.
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rent on shared ownership
If i buy more shares in my shared ownership house is the new rent payable calculated on the current house value or is it just reduced in relation to what I am now paying? I currently own 1/4 of my house which is valued at 260000 and pay rent of £680.Hope that makes sense
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CGT for non UK resident who is moving back to UK
I sold a UK property three years ago and paid the relevant CGT for non UK residents (which saved me a tidy sum). But I may be moving back to UK. There is a 5 year rule I read that if you move back within 5 years you have to readjust the CGT as if you sold it while livibg in UK. But... Is that 5 years from the date of sale,…
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Where to get a copy of tenancy contract
It has been a few years since I was last a landlord and I am aware of the changes coming in March. My friend is looking to rent out his flat and has asked me to help him rent it out. The AST contracts that I had used before are very old so where is the best place to get AST contract for free, if it is possible to get it…
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Renting a UK property while overseas or just sell
So, I currently work in Zurich while my wife is in our property in the UK. She is joining me this summer and we don't really want to live in our house when we return despite having been there almost 30 years. My daughter and husband don't like their house and want to save for a better property. We will be well paid in…
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Adding a joint tenant - adult child
I have lived with a parent for a number of years now due to trying to solve my debts which are now under control but being paid through a self-managed DMP. My parent has recently retired so I have been taking more responsibility of the household outgoings as I'm now the sole wage earner in the household. The house is being…
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Letting Agent - Added a Chargeable Service without Express Consent
Hi all, Just looking for any advice if possible please. I own a property that I rent out using a letting agents. I have received an email from the letting agents to say they are offering a Rent Guarantee Service (through a third party company), which will include an additional monthly cost. They have stated that everyone…
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Survey report received. Now what?
Hi guys, need help! Finding it tough to navigate the process of purchasing a house, nobody tells you what you are supposed to do! We have just had our survey report back, a few issues that we are getting someone to look at. Aside from those I am confused about things needing approval, I am I correct to assume that the…
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Stay as a landlord or sell?
I have a rental property that I decided to sell last year. House went on the market and has annoyingly and for no good reason fallen through twice .It is back on the market ,but the market seems to be very sluggish. I am toying with idea of giving myself some breathing space and renting it out again ( I don't need to sell)…
