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Investing in property to flip with family member
We are thinking of investing in a property to do up to help boost my mother’s and my pension. She is of retirement age, I am a builder so we would share the profit. We don’t need to borrow as between us we have enough funds, can anyone advise me on the tax implications, we both own our own properties we reside in. Any…
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Utilities when moving home - transfer or set up as a new customer?
Hello all. We will be moving imminently and I am wondering if it is considered better to transfer utilities like phone/broadband, gas/electric etc. to the new home with the same supplier as is currently providing the services, or whether to close accounts with current suppliers and thereby (hopefully) get new customer…
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Can profits from second home be contributed to personal pension - to lower capital gain tax?
Hi Both my wife and myself have a BTL rental property that we are using for retirement but considering selling it now as needed to release the cash from it. There will be capital gain tax to be paid but wonder if we are allowed to use the profits from the sale to be directed into our own personal pension, therefore liable…
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Boundary Wall Unstable - HELP!
Hi all, first post! My partner and I are in the process of buying a house, our offer has been accepted on the proviso that we fix the boundary wall between the property and the neighbours directly behind (jointly with said neighbour). Only problem is there is little info about the problem and we are concerned about costs,…
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Right to park
Hi we just had new people move in and they have been told they seem to think they have the right to park a second car in front our house. I was told the space in front out house was for access to their one car parking space. I have attached the current deeds to both properties they live in the house marked on the left…
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Offer made: 'Sale is subject to contract & survey'
Hello. Last weekend the estate agent called me to let me know that the folks who offered exactly the asking price, they have now found their buyer and the chain has now gone down to 3, or 4, from 6 He advised that since this is the best offer so far and that the property has not attracted too many viewings, it would be…
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Query Regarding Temporary Savings of Gifted deposit for House
Good morning everyone, I recently transferred a large sum (over £150,000) from my European bank account to my UK account. The funds were a gift from my parents intended for a property purchase. However, the sale fell through midway, and I’m now unsure when I’ll need the money again. To ensure the funds are protected, my…
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Rent tribunal - what factors are considered?
My landlord has put up my rent by 16% this year. This is after a 22% increase in 2023. The rent is a little higher than average for the area for similar flats, but the state of this flat is a lot worse than those (various aspects of disrepair outstanding). Would a tribunal look at the state of the flat when deciding if…
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Offer Confusion
The owners of the house we went to view were very chatty and told us that their previous buyer pulled out as they wanted to be completed before the stamp duty rise. The house is currently on offer at £260k We took it therefore that the previous interested parties must’ve offered under 250k - but after offering 240 we were…
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Solicitor being overly invasive for proof of funds for a deposit.
Hi, i am a first time buyer and i was kindly gifted £10,000 by my grandmother to support the deposit. my solicitor is asking for lots of proof of funds, including inheritence to my grandmother from my grandfather's death in 2008. We have managed to find the will and probate from the government website but they are now…
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What stamp duty due when you have inherited part of a house but you want to buy a new main residence
Hi, My Dad passed away last year and I have inherited a small portion of the house (Mum has 50%, me and my siblings got 1/3rd of the remaining 50% each). I believe I am now classed as having two properties as I already have my own home. I want to sell my main residence and purchase a new one, so that I can be closer to my…
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Up keep of private road
I moved into my house 9 months ago. The house is positioned off a main road and accessed via a private road to which I have a right of way as outlined in the easement on the deeds. My house is first with five other houses set further back. My address is the same as that of the main road. Last week while chatting to my…
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Land Registry Alert
I want to check the covenant on a neighbour's property (private road upkeep) and would like to purchase the title deeds. I know that property owners can register for alerts on searches. Would the purchase of a title deed alert a property owner and would my name be disclosed? Thanks
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Freeholder/Leaseholder do we have to pay for a new front door we don't even use?
I live in a converted Victorian flat, which has 2 flats downstairs with it's own front door and 2 flats upstairs with it's own separate front door. I live upstairs and we do not have access to the front door or flats behind it downstairs and likewise the other way around. We are being asked to pay for a new front door…
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Have you heard of CANOPY and PLAID?
I am looking to rent a property in Scotland whilst I look for a new property to buy. I have never rented at all having owned my own home for most of my adult life. CANOPY is a referencing company who provide you with a Rent Passport to enable you to provide instant credit and financial details to potential landlords. To…
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Executor and beneficiary of a leasehold flat - questions about notice of transfer
As the title suggests, I have recently inherited a leasehold property in the UK. I am both the executor and the beneficiary. I don't live in the UK so am trying to deal with this from abroad, with the odd trip home. I phoned around to see if any local conveyancers could help but none seemed interested so I decided to just…
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Overage when buying land.
Does anyone know about overages. We are considering the purchase of a small piece of agricultural land land but the seller insists on an overage clause for 25 years. Our conveyancer said it covers any planning permission, permitted development or building reg approval. The owner applied about 2 years previous but was…
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Buying through Springbok properties
I have booked a viewing to see a flat advertised by Springbok properties. My initial impressions of Springbok aren't good and I would be much more comfortable with a traditional agent. The property did have an offer on it but it has fallen through. I am told this is because the buyer couldn't get the funds to purchase.…
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chain problems??
Hi, We have been in a perfect storm of a chain with very anxious buyers on one side and an extremely laid back vendor on the other. The sale of our house was agreed in November last year so it has been going on for 5 months and both buyers and us have been distressed at the time it has taken. We have moved as quickly as we…
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Cost of lease renewal for Share of Freehold (including CGT)?
Hi all, It feels like I've read every legal and accountancy post under the sun about this, and I'm still not clear on where to go from here. Hoping someone has good advice or knowledge. I'm currently in the process of buying a flat (pre-exchange), where the freehold is owned by '[Building Name] (Freehold) Limited', which…
