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Informing HMRC about transfer of part of property to spouse
Scenario is such Wife and I joint tenants in property where mortgage is paid off. Would like to transfer my half to spouse. No CGT implications as inter-spouse transfer, and no Stamp duty implications as no mortgage and no money exchanged. Do HMRC need to be informed by either party that such a transfer has happened. Or is…
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Advice needed - buyer has come in with lower counter weeks before exchange....
Hi All, I am asking for some advice on our move. So far things have been progressing well - a few weeks due to exchange, my EA today has called to advise me that our buyers valuation has gone down meaning they are now short.... Basically they are being bought out of their current home by their partner but the valuation on…
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Buyers refusing indemnity policy
Hi we are in the process of selling our house. We knocked a supporting wall down between living and dining room 8 years ago without building regulations involvement. We have been open and honest about this throughout the process and the wall is In good condition and has a steel etc. Our buyers have now refused an indemnity…
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JB Leitch LBA - Demonstrated intent to pay - Centrick
Hi I am looking for some guidance / Insight I am a leaseholder. I got myself into arrears after the tragic passing of my brother in 2022. Around £3000 Service Charges mostly. But still paid a monthly amount that i agreed with the managing agent which they accepted (i believe there is something in leasehold law that states…
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CGT on my brothers house move
My brother and I bought a house 20 years ago for £80k. We jointly borrowed £72k on an interest only mortgage. The house has been my brothers main home for 20 years and he lives there alone. He wants to sell the house at £180k and buy a flat for £120k to live in as his main home and reduce the mortage joint interest only…
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Council want to install fire door on ex council flat - who pays?
The council want to replace front doors in this block with fire doors. I live in an ex council flat, so who pays and can I refuse the work?
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Solicitor asking for bank statements
I'm moving house and my whole deposit is gifted (which i have sent them proof of funds etc) but my solicitor has also asked me for 6 months statements, do i have to send them even though I'm not having to prove i have a certain amount of money in the bank? I've already sent to my lender.
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Flat Sale - Demise of Loft
HI all. I own a leasehold flat on the upper floor in house converted into 2 flats. I also own the freehold title for the whole building. I am now trying to sell my leasehold flat which has exclusive access to the loft. My buyer wishes to convert the loft but it turns out the the loft is not specifically demised to upper…
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At a dead end with Land Registry charge
Hi guys, I'm at a bit of a dead end here and not sure what to do now or where to go. My mum wants to remortgage her house and everything has gone through regarding the money side and upon solicitor checks, a charge was found against the house at the land registry. This is a CCJ that was put on the house in relation to a…
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Service Maintenance Charges on New Builds
New Builds not stating all the charges relating to service charges and maintenance charges. A number of people very unhappy with these charges. Especially when costs are so high .
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SECTION 21 ADVICE PLEASE
I was issued a section 21 no fault eviction by my landlord which expires on 8 May. I am in the process of buying a house which should go through by the end of 31st may. Obviously until exchange of contracts I can't give the landlord a leaving date. Have relayed this to the middle man management company who have now advised…
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Land registry plan v lease plan
The lease to the ground floor apartment that I am buying is shown on lease including garden but the land registry only shows the building. Is this usual and why? If not usual what can l do about it? (Sellers solicitor is querying this with land registry but it's taking time...)
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Ombudsman for letting referencing agency?
Hi. I've had trouble with a referencing agency in connection with a property I'm trying to rent. Does anyone know if there's a governing body for these types of companies? My beef isn't with the letting agency, it's with the company they used to reference me. Thanks for any help.
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Land registry boundary and users
Good morning. Live in Scotland in a 150 year old upper villa, we share with lower villa. When property was purchased it was in a state of repair, for years lower villa lay empty, and after tracking down owner due to problems with the building and found out there was water flowing through property below for around 8 years…
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My house is not register in land registry
don’t know from which part to start but this Company supposed to not exist !! Braking so many rules of SRA Code for solicitors !! I bought a house using this company in 2021 as I was first time buyer , today is 2024 and they failed on register my property in land registry , they had time in LG until June 2023 as there was…
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Bamboo auction
Need some legal advice please. Today I won some land via Bamboo auction. It was a conditional Auction, via modern method. The reserve was met. the hammer went down, “congratulations” message received and “reservation fee” debited from my account. went to the estate agents to sign the “reservation agreement” and was…
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Exchange timescales
Hello. We are selling and buying a new property ( both shared ownership's, but the one we are buying is a new build), we have started process and requested searches on the 8th of March and they came back on the 4th of April. Since we started process with solicitors, I hardly heard any updates, even though I have an online…
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Stamp duty following separation
I have seen similar threads but none quite the same so apologies for any repetition. My wife and I are separating and selling our joint house, splitting the proceeds then will buy two separate homes (one each in our own names, not joint). We are not intending to divorce at this stage ("amicable" separation). Question is…
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Do HMRC allow you to be a property manager for rental properties you own yourself?
Hello forum, Does anyone know if HMRC have any rules regarding declaring income as a self employed property manager on properties you own yourself? The background here is that my wife and I would like to claim tax free childcare. She owns a number of rental properties and manages them herself which is more or less a part…