Can you purchase a house without NI Number?

AdrianC

juanmanuelmarquez wrote: »

Im none the wiser! Paying tax would different scenario. My query is once i have agreed the asking price, and release funds provide ID, solicitors do ID check, conflict check Etc...would i need to provide NI no.

Can we go back a bit, because I really don't understand the problem.

Why are you buying the property?

Will you be living there?
Will you be renting it out?

Unless the answers to both of those are "no", you're going to need an NI number anyway.

juanmanuelmarquez

Yeah i suppose. Awww well looks like I will have to apply to for one, it will just mean the transaction will be delayed.

Pixie5740

juanmanuelmarquez wrote: »

Yeah i suppose. Awww well looks like I will have to apply to for one, it will just mean the transaction will be delayed.

Why will the transaction be delayed? As davidmcn has pointed out, you do not require a NINO to purchase a property. If you are going to let the property then you will need a NINO for the rental income but that's separate to the purchase. You could go ahead with the purchase as you are whilst getting the ball rolling for letting.

Miss_Samantha

AdrianC wrote: »

Unless the answers to both of those are "no", you're going to need an NI number anyway.

You don't need a NI number to live in your house in the UK...

juanmanuelmarquez

thanks. that's hit the nail on the head!

so if the property purchased, which is rented out I would need to apply for NINO and provide it and pay the 3% stamp duty for buying a BTL purchase. if I purchase an empty property I would not need to provide a NINO?

davidmcn

juanmanuelmarquez wrote: »

so if the property purchased, which is rented out I would need to apply for NINO and provide it and pay the 3% stamp duty for buying a BTL purchase. if I purchase an empty property I would not need to provide a NINO?

The rate of SDLT depends on whether or not you already own other property, not whether you have tenants in it. In any event, you don't need a NI number to complete the purchase, but may need it afterwards.

juanmanuelmarquez

davidmcn wrote: »

The rate of SDLT depends on whether or not you already own other property, not whether you have tenants in it. In any event, you don't need a NI number to complete the purchase, but may need it afterwards.

Thanks. No I don't own a property. I live with parent. I would be first time buyer in this instance

juanmanuelmarquez

davidmcn wrote: »

The rate of SDLT depends on whether or not you already own other property, not whether you have tenants in it. In any event, you don't need a NI number to complete the purchase, but may need it afterwards.

Isn't this logged about being a 2nd home owner through HMRC? It would be my first home purchase - so would be classed as a first time buyer.

Has anyone been through the conveyancing process and know what the procedure would be, if NI would be needed after the completion?

AdrianC

Miss_Samantha wrote: »

You don't need a NI number to live in your house in the UK...

Not explicitly, no. But you certainly do require an NI number to do many of the things a resident would normally do. And, unless you're going to be a resident for just part of the year, you WILL be resident for tax purposes.

juanmanuelmarquez

If it was a 2nd home, then would this be logged about being a 2nd home owner through HMRC? I am sure they would automatically know and stamp duty would apply automatically (in this case it would not, so NI would be required). However, on this occasion - It would be my first home purchase - so would be classed as a first time buyer.


As a first time buyer under £40k stamp duty would not apply so i am under the impression that NI would not be required. Has anyone been through the conveyancing process and know what the procedure would be, if NI would be needed after the completion?