-
Capital Gains Tax- How to appeal late submission fine
Hi, I
recently became aware that I should have submitted a Capital Gains Tax return within
60 days of selling a property (I’ve been
submitting my SA tax returns for many years, and mistakenly believed this was the
means by which I should report/ pay CGT) and have been fined a large amount for the late submission. An…
-
HML Group Deed of Variation
We are hoping to seek some advice here... In short, we are selling an 8 year old freehold house which was built by Persimmon and the estate is managed by HML Group. The buyers solicitor has requested a deed of variation regarding the rent charge, We have paid Persimmon Legal £150+VAT for this deed of variation to be…
-
Buying a flat, is it worth getting a survey done?
I'm buying a flat in a small 9 flat block that's about 15 years old. There's no mortgage involved and the place looks like a quality build. Traditional bricks and tiles and here's no cladding. Is it worth getting a survey done?
-
Inheritance First Time Buyer
I’m really looking for some advice about inheritance and how
it affects First Time Buyers please. My father recently passed away leaving a Will naming myself (daughter) and my
own daughter as Executors and Trustees. The Will states that any residue of my dad’s estate and any property is
referred to as the ‘Trust Fund’. The…
-
Estate Agent Not Putting Offer Forward
Hey Everyone, I put an offer in on Saturday afternoon for a warden assisted flat for my Dad. The young girl that answered my call advised that she was not qualified to put the offer forward, but her colleague will give me a ring first thing Monday morning to discuss before putting the offer forward to the vendor. I gave…
-
Equity release when buying a house
Apologies if this has been asked before. I want to buy a house for which I do not have all the funds. Can I use equity release to help fund the purchase. Example: I'm retired, aged 62 with a modest pension from the Civil Service. Once my current property is sold along with some savings, I will have around 250k for my next…
-
Removing a tiled floor
So a house I looked at has a tiled floor how big or costly a job is this to replace it with laminate flooring?
-
Stamp duty refund - selling second property
Hi, I wonder if anyone can help. We bought a house 12 months ago but didn't sell our existing property as the new property needed planning permission and extensive work for us to be able to move in and fit the family in (2 bed property needed converting to 4 bed). We've had a change in circumstances so accepted an offer on…
-
Investing in Partners House....getting confused.
Hello all, so I am getting in a muddle with trying to work out how to progress forward, if even to move forward with potentially investing in my partners house. We are unmarried and I moved in last June with the intention of paying rent and bills towards her mortgage and running of the house. The house was purchased in…
-
Confused about paperwork required for loft as habitable room
House I'm buying was marketed/priced as a 2 bed, with the 2nd bedroom in the loft. Agent's details stated that a window and door were being installed to satisfy building regs. They noted on my offer that it was conditional on this being fulfilled. The previous sale was 5 years ago; it was not marketed/priced with the loft…
-
Correct way to give notice of rent increase to Tenant
Hi, I am increasing tenants rent, using the Retail Price Index Rent Calculator, as this is stipulated in the tenancy agreement. After the original term it was thereafter a rolling month to month. I have Form A (Landlords Notice proposing Rent under an APT) is this the correct form? On this form I do not understand Part 3…
-
Buildings insurance at Contract Exchange
I see that I need to have Buildings Insurance in place for new house when contacts are exchanged. I guess can't just switch existing Building Insurance over because that would mean current property (which you'd still live in until you move) would be uninsured? Or does that become the responsibility of the person buying…
-
Factor company in Scotland
So they are refusing to do repairs fences paint spillage and tree stumps being left. £700 to remove a stump but they ask all residents as it works out £15 per house. In the past they just got on and done repairs so I went to my local councillor. How to I report the factor company for not doing there job? I am sure…
-
Bungalows and conservatories
Looking for a bungalow for my mother. Why do so many bungalows have conservatories slapped over bedroom or kitchen windows? Don't people want fresh air/daylight? How difficult would it be to knock the conservatory down if we bought one of these monstrosities, would it need planning permission to do so? No mortgage involved.
-
Engaging a conveyancer or solicitor before making an offer
Hello, I'm a first-time buyer preparing to make an offer on a house. I have an agreement in principle from my bank. I've read that engaging a conveyancer or solicitor before making an offer can be beneficial. Could you clarify the advantages? Also, I'm concerned about selecting a conveyancer who might not be on my mortgage…
-
Want to sell property in a year or 2, is it worth putting a new kitchen in?
Reason being, feel the property will 100% need a new kitchen and if I put one in it will 100% secure a good asking price. Or do I just leave it for the next buyers? I have noticed when I am looking on rightmove now, I am immediiatly put off by either the kitchen or bathroom needing an upgrade....
-
Level 3 survey surveyor liability
I have just commissioned a level 3 RICS survey and I noticed that there is a clause in the agreement which limits the surveyor's liability to £50K. Is this typical? I would have thought that if they miss a major issue e.g. subsidence, the cost of fixing it could run to more than £50K?
-
Sell and move or renovate 🤔
So attempts to part ex with a developer have failed. For context an independent valuation advised us to market for £360000, stated was worth a bit more but houses in our area aren't selling above 360. A developer offered us 305, then 315 when we said too low. So we have walked away. We now have to decide whether to sell,…
-
What are my legal rights as a purchaser between exchange and completion regarding vendor access
As the title suggests, I exchanged yesterday on a property and expected to complete next week Friday. I was in a bit of a rush as my mortgage offer was due to expire on the 14th March and was pushed for exhange by the estate agent. I am now in a sitation where I thought the vendors had left the property vacant (as agreed)…
-
Gifted deposit
My mum has kindly said she will give us a gifted deposit for our mortgage. She will sell the flat we live in to fund it. My question is as we live in the flat she is selling we can't leave until our sale is completed. How can I give 10% deposit at exchange of contracts when I don't have it until the flat is sold but we…
