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Capital gains on property I lived in as a council tenant
Hi All, I have scoured through here but can't find a post that answers my specific question and I'm hoping someone will be able to help me. I moved into a council property (one bed flat) in 1995 as a council tenant. In 2000, I used the right to buy and purchased the flat from the council. I continued to live in the flat…
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Freehold isn't due to solicitors mistake
I'm in the process of selling my house, it turns out my house is registered as leasehold, but was bought freehold. This is what the landregistry is recorded. We have contacted the solicitors who represented me at the time , and they say they don't hold records past 6 years. My solicitors who represent me now are preparing…
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Mis sold a student let
Has anyone else purchased a Student Let property investment where you are promised massive interest and growth. We purchased a number of Student Let's in blocks in the North East. Hight yield promised and ever increasing value. For the first 3 years we did get high return then the charges began rolling in. The management…
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Selling property - solicitor's omission from final completion statement
Hi all, a little issue just cropped up when I least need it (of course). My Grandmother passed away last year and I was sole executor of her property, which after many stressful months I finally sold earlier this year. I settled the final completion statement as supplied by my solicitor, and got on with my life. Now, 4…
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Home Insurance quote and historic CCJ
Myself and my husband have a joint CCJ which was lodged in June 2019, paid in full August 2019 and has now finally dropped off our credit history. We're buying a house and need to take out buildings and contents insurance. The wording of the question for the quote is: Have you or anyone living in the property been declared…
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Stamp duty
Looking for some advice. My husband retained an interest in his former matrimonial home 5% stake just because of the mortgage. This would be transferred to her in a few years when the mortgage is paid off. He moved into the house I own before we married so it’s my name. We’re now looking to move and buy a house together…
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Best way to purchase second home shortterm in Scotland
Early 2026 I will be taking retirement and we plan on selling up and relocating closer to our daughter in the northeast of Scotland. Our plan had been to purchase outright our new home using our savings and my retirement lump sum...since suitable property is always for sale up there.We would then have our own house put up…
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Estate Agents -material information disclosure
We are in the process of buying an empty house (aim for simultaneous sale/completion). Our offer was accepted around 17.5.25. We were told by the vendors estate agents that a previous sale had fallen through a few months before “for personal reasons, nothing to do with the house - all is in order”. Last week the vendors…
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Renting a room to a lodger with restrictions in the lease
Hello, I am about to take on a new Leasehold within London with the Freeholder being a local council. I am close to exchanging contracts, however I noticed that within the lease there are some clauses that do not seem to allow renting out a room to a lodger, which is something I presumed I would have been able to do. The…
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Upgrading title from possessory to absolute after 12 years.
Hi the strip of land next to our house was missed out on the original conveyancing , this was only noticed when the property was registered (years later) with Land registry. Possessory title was granted for the land and 12 years have now passed. I’m slightly confused. Do I just need to fill in the form to upgrade the title…
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Calculating Capital Gains Tax when a ‘Right to Buy’ flat is sold.
Does anyone know how the Right to Buy discount features in the calculation of how much Capital Gains Tax would be due if the flat were to be sold for greater than the purchase price? Eg. My husband bought his studio flat off the council 5 years ago for a purchase price of £200,000 but with a 60% discount so a net price…
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Ews1
hoping someone can advise. please. I am in the process of buying a house and selling my flat. 12 weeks in my buyers bank has said they need an esw1. The block of flats is 6 stories (ground floor and pent house included) and less than 18 metres. It is brick built with steel frame and no cladding. In England north west. The…
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What is my residential status?
I live in a flat which is owned outright by my parents, to whom I don't pay rent. Some of the time I live on my own, while some of the time my children (whose mother lives elsewhere) live with me. What is my residential status for the purposes of applying for finance, where "Other" is not listed as an option?
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Stamp duty when owning more than one property
Can someone check my understanding of the stamp duty rules please? If you buy a house whilst owning other residential properties, you pay the additional stamp duty rate? However, if you sell your main residence whilst also owning additional property and buy a new main residence you will not have to pay the addtitional…
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How to get a lower-end property valuation?
Hi, for capital gains tax purposes I need to get my property valued. I have booked an estate agent valuation, stating I am considering selling (which I am), but mainly need it for CGT. Essentially I would benefit from as low a valuation as possible - how do I achieve this? My current plan is to ask for a realistic quick…
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Jointly owned house up for sale
I jointly own a property that was agreed through court to be put up for sale. Since being put on the market the other party has instructed the estate agent to reduce the price and now removed the property from sale. Is the estate agent allowed to reduce the price and remove from sale without both parties consent? Despite…
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Company called "British Homebuyers"
Does anyone have any experience of using this specific company? they have offered me 95% of market value of our house. We are in a bad situation and need cash urgently in a terrible local housing market. Thanks
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Fair or Unfair clause?
I have been marketing my Mothers home for 5 months and am very unhappy with the agency. Despite speaking with them,, nothing has improved and I am changing agents. I have a clause in the contract that says: "Please note: If you terminate this agreement and later sell your property to a purchaser outlined above your…
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Where do we stand?
Hi all hoping for some guidance please. We proceeded with purchasing a new build earlier this year. We were due to exchange contracts but it came to our attention at the final hour there was issues with planning permission - the issues are based on the material used for the build which have been refused (after house is…
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LTD Company Rental
Hi Everyone, Just thinking of this idea; 1. Borrow extra £200k from our home via remortgaging 2. set up a LTD company 3. Lend the company £200k as a loan from the directors. 4. Buy a BTL property within the company and pay all costs via company. 5. Repay the loan with interests back to directors. 6. Tax not paid on loan by…
