-
Stamp Duty confusion
My partner and I own separate homes. We want to sell both and buy one together. However, his father died a couple of years ago and left him and his brother a house which they now rent out. What does this mean for us buying a house together - we assumed that we'd get charged a higher rate of stamp duty but as the house…
-
feel trapped and need advice
Hi, so here is my situation. I brought my home when it was just me and my son. I got a shared ownership. I have a 3rd valued at around 55k, and I still have 30k to pay. Since then, my family has grown a lot. Now we are a joined family. I have 3 kids who live here fall time and 3 here at alternative weekends and holidays.…
-
Contacted by neighbours rental agency
Hello - I am a homeowner and I have been sent a letter from my neighbours rental agency informing me of vermin at my property. They have no evidence, my back garden in locked and is only accessable via an alleyway which they don't have access to so they can't prove where this vermin has come from. They have said they are…
-
International moving van not departing the uk
Hello, I am in the process of moving to spain, I used a dedicating moving service however its been 2 weeks since our estimated delivery date and they will not commit to giving me a date when my goods will leave the uk I will have nowhere to stay from tomorrow and have young children, anyone have any experience of this…
-
keeping property in the family
My daughter wants to sell her house (worth @1,300,000 and take over mine which is wroth £1 million more (not fancy houses, just in great location SW London). I'd like to build a granny flat where my garage is and move in there. I have an equity release mortgage (taken out for my other daughter) which I can pay off in a…
-
Capital Gains Tax confusion!
Hi all, I'm desperate for some advice. My ex and I bought a house together in Summer 2018 for £265,000. We separated and I moved out in May 2023. We are now looking to sell the house for around £360,000. It has been pointed out that capital gains tax would need to be paid on this as it has not been my main residence since…
-
Where to find temporary rental accommodation between sale and purchase?
We have our property on the market in Oxfordshire and are looking to purchase in the north/borders. We've had some unusual bad luck and have had a couple of sales fall through. We have decided that the only thing we can do now is to move closer to our target area and rent. As we are mortgage free that would put us as cash…
-
Leasehold 0.5% exit fee PER YEAR
Buying a leasehold and I can see a clause on the contract - upon selling you will pay 0.5% of the market value per year to the landlord. I imagine - for example if the property sells at £200,000 in 20 yrs time this would be a payment of £20,000 to the landlord as a conservative estimate. How usual / unusual is this -…
-
Am I mad? Or is the solicitor?
I have a complaint against a solicitor: here is the summary. Is it acceptable for a solicitor to offer no legal advice on the perils and pitfalls on buying a property:* with no title guarantee, * with charges on the property from the High Court and the Official Receiver, * a bankrupt couple identified as the proprietors of…
-
Listed building and windows
Sorry I'll have loads of questions the coming weeks. Viewed a grade 2 listed house today, lovely inside, but I was pleased with myself for noticing that it was the only house in the terrace with double glazing which rang alarm bells. We asked the estate agent, who said I'm sure they are fine... though this was after saying…
-
Missing information prior to house purchase
I bought my house in 2018. This year I sold it only for the buyer to pull out because of a restrictive Deed of Covenant which has been in place since 1973. I was unaware of this Deed and approached the Solicitors who acted for me in 2018 to ask why. They said a letter was sent telling me about the Deed and asking if I had…
-
Using Shares portfolio to get a better mortgage deal
Hello All, I have a question related to mortgages. Currently, I am looking into buying my first house. I have a shares portfolio which provides around £7K of dividends a year, with a value of £160K (Both ISA a nd non-ISA). My intention is not to sell it, but to use it to get a better deal for the mortgage. Is this…
-
Lease Enquiry
Hello! Sorry, I am a huge over thinker and am stressed a little bit haha. I’ve just received a copy of the lease for a leasehold property I will be purchasing. I am a bit unsure of the statement that I have attached with this post. Does the clause state that I’m not permitted to have a lodger despite it being a single…
-
ISAs
I've got an ISA with about £24000 which matures in about a month. Shortly after that time I expect to receive another£10-£20000 which I want to invest keeping it ideally in cash ISA form Can anyone suggest the best way of doing this. I'm afraid I'm always a bit confused by the £20000 annual limit. Thanks for any advice
-
Renting and housing benefit
Hi! Ive never claimed universal credit before but ive just lost my job. I received a small severance which has dwindled already. Im struggling to find a job now as i used to work in another city. i live in a tiny flat with my 7 year old son as a single mum and I own the flat. We HAVE to move. We have NO space (1 bed) and…
-
Joint ownership - how to apportion
I'm buying a property with my partner of 2 years. At present he rents and I am selling my house. We earn roughly the same. We have had an offer accepted on a house for £435k and will have approximately £260k deposit from the sale of my house. We've had a mortgage approved for £200k. Once we move in we will be splitting the…
-
Conveyancers asking for BOTH a SOT and idemnity for EVERY query - is this the new standard?
Or am I just unlucky? I doubt it helps for every single query, well it's rather for every query that they want to ask for an indemnity on, I'm seeing the same things coming up from previous buyers wherein they only asked for an indemnity. In fact I had never seen a statement of truth request before. Conveyancers all have a…
-
CGT
hi, my mum will be moving in to a residential care home funded by the sell of her house, will she need to pay CGT on the funds from the sell? she could be in the home for up to 10 years and these funds need to last. thanks
-
Mortgage Exit, solutions?
Hello All, Ive got a situation I would like some advice about. My partner bought a house 3 years ago with a friend of them, they got a 5 year fix mortgage, which is due to end in June 2027. My partner and myself would like to buy a house together to move there, below are the options I have in mind: -Option 1: She sells the…
-
Owning two retirement flats
My mother bought a flat in a serviced retirement facility last year, but she wants to move. It will take a long time to sell, but she has just enough savings to buy another retirement flat in another town. We've talked through the issues like paying two sets of service fees, and leaving a property empty, and having no…
