Daydream thread continues.....

Itismehonest

lostinrates wrote: »

Yes! Well done.

I wish you could remember more tax law too! Dh just blinks when i ask him ands mutters about asking someone or other then wanders off. His sort of law is very not useful!:rotfl:

I can't remember all the details but I know there are allowances for money spent on work done on a property. In our case because there has been significant work & improvement & because we have not traded for several years there should be little, if any, CGT payable.

Itismehonest

rozeepozee wrote: »

I can help if you're sectioned :rotfl:

If this situation goes on much longer I may need to take you up on that, rozee :rotfl:

lostinrates

Itismehonest wrote: »

Yes, edit, rozee. Don't make it too obvious where you are.

The problem with this residential/commercial thing seems to only have arisen since the credit crunch & lenders tightening up. In this sort of case it isn't tightening up to make sure they aren't lending to people who can't afford what they want - it's trying to make it as hard as possible to get a mortgage, as far as I can see.
I don't know if you saw this thread from elsewhere but it shows what I mean.
It is very likely that all the existing businesses around you are unaware of what's now happening - just as we were. It will also depend on whether they would be selling the whole property as commercial.
It's the old "home with possible income" that's been clobbered not anything purely commercial.

In fact, I told our estate agent..... they didn't know themselves & checked with their Mortgage Advisor to be told it was true. They have several properties on their books which will have problems.

We bought mid crunch, and it wasn't an issue for our lender. Insurances on the other hand are a nightmare.

lostinrates

rozeepozee wrote: »

Aww, bless you. Do you live really rurally? That would give me the heebeegeebies. I need neighbours! Human ones!

We live less rurally now than where we were before, but have no neighbours. There are some round the corner, closish as the crow flies, and we can see them in winter, but their farm buildings are between us. There is a rental house over the road from then, and a nother cottage where the person works and lives away half the year, never met them. We form a sub hamlet between the big villages in all directions.

This was a compromise for us, the closest we felt we could comfortably be. I would far rather have been more isolated,
I get the heebeegeebies around people! But the further towards the se you get the greater the compromises have to be ......unless money does not have to be one of the compromises. The benefit here is we are near a mainline station, under an hour and a half for dh to work, and nearer our last near station from a second train option, for a london fast train fast train, not much over an hour, but longer with the drive included.

It gives dh lots of options on friday evenings coming home.

If it were not the need to stay with in range of london then we would have gone far, far further away from peole!

Itismehonest

lostinrates wrote: »

We bought mid crunch, and it wasn't an issue for our lender. Insurances on the other hand are a nightmare.

Did you buy it as a farm (including house), a commercial property or residential, LIR?

lostinrates

Itismehonest wrote: »

Did you buy it as a farm (including house), a commercial property or residential, LIR?

Complicated. Essentially residential.....as you might guess, that made bank rest easy, howver theywere aware it was commercial, defra transference were inc, and business would occur outside of the residential curtiledge. Its that latter which i see as the issue that banks are going to have to be challenged on for all home workers.

lostinrates

Itsme, this would make an interesting topic on the debate board.

Davesnave

lostinrates wrote: »

Postman has been! Thank you davesnave!

That's only 5 days first class then. By heck, the stagecoach must've really been shifting if it managed 25 miles a day!

Sorry to hear about the road, but it may take a different route, or not be built for ages, money being so tight.

Buying anywhere half-convenient has always been a lottery. I remember my Dad being interested in a place on the flat lands in Somerset and trying to predict where the most likely line for the M5 would be. His was just a road map, so he didn't realise that he'd actually taken it straight over the top of Brent Knoll! :rotfl:As I didn't fancy that area, I didn't enlighten him either!

Here, we're apparently safe from everything, except wind turbines, but then there are the unknown unknowns, like Mr Dog, who's behaving ATM.

lostinrates

Davesnave do you know who this person is...you seem very well connected, so worth asking i think!

http://www.growsonyou.com/ilex/photos

I NEED some things they have pictured ....that floriferous witch hazel is stunning, and a nice colour, i do not like the harsh yellow and have been looking at the warm ornage jelena and orange peel, but theirs is nicer,...,,and the amazing epimedium called cinnabar.....i Neeeeeeeeeeed it!

Itismehonest

lostinrates wrote: »

Complicated. Essentially residential.....as you might guess, that made bank rest easy, howver theywere aware it was commercial, defra transference were inc, and business would occur outside of the residential curtiledge. Its that latter which i see as the issue that banks are going to have to be challenged on for all home workers.

Yes. At the moment few people seem to be aware of the complications that have arisen over recent years. They may well not find out until they come to sell.

lostinrates wrote: »

Itsme, this would make an interesting topic on the debate board.

Well I tried a question under the House Buying & Selling board. It didn't get very far.

LOL - Dave. You wicked boy
Yes, development is one thing we don't have to worry about. Inalienable land on 2 sides & protected farmland on the other 2.

Ah well, sorry to have taken up everyone's time with my rant. If anyone has any ideas in future, though, they would be gratefully received.

The thick fog of this morning (another one of those hilltop clouds) has moved away & there's sunshine here now.