-
BTL expenses tax question
If I were to do a refurbishment of my property during a tenancy, which finishes before the tenants leave, but then I do not to relet the property, can the costs of the refurnishment go towards expenses against BTL income for tax purposes?
-
Buying house where family have LPA
Hi everyone, My partner and I are buying our first home. We’ve gone through everything of putting in an offer, it being accepted, getting the mortgage approval and solicitor doing searches etc. The seller is currently in a care home and her family have power of attorney. Our solicitor contacted me on Tuesday this week to…
-
House sale - payment of half to another party - solicitor unable to provide "banking" service
Has anyone had experience of the following situation: House jointly owned by DH and MIL (now deceased). MIL left her share to another family member. House is now under offer. As DH is the legal owner (MIL's name still on deeds), our solicitor informs us that once sold all proceeds go to him and he then has to make the…
-
STOLEN DEEDS
Hi everyone, My sibling stole the deeds to my brothers house when he died, we do not speak as I would not sell the house to their family for half the price. So they took the deeds from the house. I am the administrator and the house is now sale agreed........but my sibling will not hand the deeds over, they are ignoring…
-
Has anyone had experience using Quicklister to sell their property?
After being quoted £4k+ to sell my modest 2 bed apartment worth around £180k, I think I might have a go selling it myself first. I have seen Quicklister offer to put your property on Rightmove etc for £269 for 3 months, and given I was being quoted £200+Vat upfront for marketing it seems worth a punt. Has anyone used this…
-
Chasing vendor's solicitors
Hi all, just after a bit of advice and having a bit of a vent! Has anyone got any tips on how to speed up our vendor's solicitor? We are in the process of selling to a FTB (good communication) and purchasing from a couple where the onward chain ends with their purchase. Our solicitor is great at communication and chasing,…
-
£100k Deposit + UK Flat: How do I BTL remotely?
I am hoping to get some insights! I'm ready to jump
into the UK property market with 2-3 BTL flats. I'm trying to figure out the
best way forward. Here is the situation: * Expat > £100k deposit > £400k mortgage-free flat (looking to re-mortgage for more capital) > Need fully managed properties (hands off) > want a…
-
Armed Forces and having a lodger
Hi all, we'd like to have a lodger in our spare room but my husband is in the army and we're concerned about when he gets posted. Until now I've stayed in our family home but we've lived apart a lot and it's the right time (children age wise) for us to move as a family if he gets posted in the next year or two. We don't…
-
House insurance
My brother and I own a property which our mum resides in rent free. We are struggling to find buildings insurance as we are not landlords as we don't have a tenancy agreement and this is not our main residence. Does anyone know of any insurers as surely others have come across this 🤷♀️
-
Renewing landlord insurance when Section 21 has been served
My landlord insurance is up for renewal. Will the fact that the tenants were served a section 21 notice a couple of weeks ago affect my cover? The insurance includes legal cover, and I'm not sure whether the insurer will see this as increasing their risk. There's nowhere in the renewal document that suggests that I need to…
-
Moving to house hours away. Tachograph Advice needed
My sister is due to move house 4 hours from her current house. She had a company in to quote and due to distance they said it would take 2 days. I understand the distance issue but they said even if they sent 2 drivers it would still be 2 days as the tacho relates to the vehicle and not the driver which I don’t understand…
-
House insurance conditions with Santander mortgage
Buying a new house and would like to continue with current home insurer Frontier, except Frontier and four other insurers I’ve checked don’t meet the exact wording of the mortgage conditions. Examples below. I’ve contacted my broker for help but yet to hear back. Is there someone else I should ask? Am I overthinking…
-
Islington flat is it a good buy?
Feedback on this flat pl. https://www.rightmove.co.uk/properties/148954184#/?channel=RES_BUY Except above commercial property and near arsenal stadium, the negatives. Thanks
-
Ending Fixed Term Tenancy
Hi all, See below clauses 3.20 & 3.21 of my shorthold tenancy agreement. 3.20 - to give the landlord at least 1 months notice in writing when the tenant wishes to end the tenancy at the expiration of the term certain 3.21 - To give the landlord one months notice in writing on your payment date after the fixed term period…
-
Solicitor wants updated offer from broker who I have paid already
Hi, my solicitor is seeking an updated Mortgage offer from my broker but has not heard from them in two weeks. To quote from my solicitor: "I need an updated offer to proceed. They have claimed this as being ‘ridiculous’ " In essence, the solicitor wants to ensure legality on the sale of the house, but the brokers feel…
-
Shurgard won't rent to me as driving licence and passport out of date. Any good alternatives?
Hi, I'm a pensioner in the nightmare situation of going through a 'no fault' eviction in the current housing crisis. I haven't found anywhere to move to yet because of the severe housing shortage in Greater London. I tried renting some self storage from Shurgard, but they told me the only ID they accept is a passport or…
-
Can I record and carry forward capital gain tax loss on my home sale?
Hi, all. I sold my own home last year and bought a new home. I know that if my home sale produces gain, I can claim private residence relief so no CGT liability. However my sale produces loss about 50K. I have filed CGT return. Can I carry this loss forward to future years to offset possible CGT gain?
-
Exchange getting knocked back
Hi everyone, Just looking to vent a bit and also understand if this is normal or not. We’re FTB in a 4 property chain. We were supposed to exchange last Friday, then get an email at 5pm to say they couldn’t do it in time. We were then supposed to exchange today (Monday) and at 4pm get a similar email that it couldn’t be…
-
Lodger experiences
Hi everyone, I'm mulling over taking in a lodger. I've a 600 sq ft flat with two big bedrooms. I'm confident about the tax and housing law implications, but I'm wary about the quality of life implications. I was close to having a student doctor move in, but I ended up saying no in the end because she revealed that she…
-
Help! Missing Building Approval Certificate – Can’t Get EPC to Sell House
Hi all, I’m in a bit of a bind and hoping someone has been through something similar or has advice. I’m in the process of trying to sell my property and, as required, need to get an EPC (Energy Performance Certificate). However, when the assessor came, they requested proof of building regulations approval for the dormer…
