Kingman Posted December 23, 2018 Share Posted December 23, 2018 4 hours ago, Xela said: Finally got to see my folks new place yesterday. Its lovely, Village is quiet and nothing but views of sheep from the back garden. A number of the neighbours ave already been round to introduce themselves. A property community feel. Its made me want to live somewhere more rural! Nosey words removed!.. **** em 1 Link to comment Share on other sites More sharing options...
KenjiOgiwara Posted December 31, 2018 Share Posted December 31, 2018 (edited) I am considering buying a vacation apartment in Italy (for my family). Anyone got experience from such? Edited December 31, 2018 by KenjiOgiwara Link to comment Share on other sites More sharing options...
Xela Posted January 1, 2019 Share Posted January 1, 2019 On 09/12/2018 at 17:21, Stevo985 said: Getting my house valued tomorrow. Already told the tenants I'm exploring putting it on the market. If I get a decent valuation I'm selling. So, are you selling? Link to comment Share on other sites More sharing options...
Stevo985 Posted January 2, 2019 VT Supporter Share Posted January 2, 2019 (edited) 19 hours ago, Xela said: So, are you selling? Yeah I think so. Only got one valuation before christmas and it was right around where I wanted it to be. If I could sell at the price they suggested (even the lower part of the range) I'd have a lovely chunk of equity to put into the deposit for the new house. Going to get at least one more valuation next week and then make a final decision. I still can't figure out if I'll need to pay tax on my "profit" from selling the house though. It's so confusing. You don't need to pay it if it's your main home. Which I guess it isn't for me because I rent it out. But I live in a rented flat. So it's still the only house I own, even though I don't live in it. I've found advice like this on Which Quote Provided the property genuinely has been your main home at some point, you won't need to pay capital gains tax for the time it was your main residence, plus the past 18 months of ownership (even if you weren't living in the property during those 18 months). People with a disability or those who move into a care home can claim for up to the past 36 months of ownership. Which suggests I won't need to pay it. It genuinely was my main home. I lived there for 6 years before I moved out. And it will have been rented out for about 30 months by the time I sell it so I think I'm covered. It's hard to find anything concrete though. Edited January 2, 2019 by Stevo985 Link to comment Share on other sites More sharing options...
Stevo985 Posted January 28, 2019 VT Supporter Share Posted January 28, 2019 Some advice needed folks. As I've mentioned I want to sell my house. My tenants are prepared to make me an offer to buy the property, which would work out excellently for me as it would be quick and easy with no chains anywhere. What I'm wondering is can I do it without an estate agent? I don't need to advertise or find a buyer. What would I need to cover to make it possible? I'll do my own research of course but always happy to ask VT for some advice Link to comment Share on other sites More sharing options...
Xann Posted January 28, 2019 Share Posted January 28, 2019 8 minutes ago, Stevo985 said: What I'm wondering is can I do it without an estate agent? I don't need to advertise or find a buyer. What would I need to cover to make it possible? https://www.moneyadviceservice.org.uk/en/articles/find-the-right-solicitor-or-conveyancer 1 Link to comment Share on other sites More sharing options...
NurembergVillan Posted January 28, 2019 Moderator Share Posted January 28, 2019 48 minutes ago, Stevo985 said: Some advice needed folks. As I've mentioned I want to sell my house. My tenants are prepared to make me an offer to buy the property, which would work out excellently for me as it would be quick and easy with no chains anywhere. What I'm wondering is can I do it without an estate agent? I don't need to advertise or find a buyer. What would I need to cover to make it possible? I'll do my own research of course but always happy to ask VT for some advice No need for an agent. Their part is finding a buyer. Straight to the solicitor and away you go. I used this website to get quotes for my recent move - https://www.reallymoving.com/conveyancing Quote Want to find and compare local conveyancing solicitors? We provide instant quotes from a panel of over 60 quality conveyancing solicitors and Licensed Conveyancers. Our conveyancing firms are ready to move quickly on your house sale, purchase or remortgage and are regulated by the SRA or the CLC. We credit check every company and we have thousands of reviews supplied by previous clients via a secure link. On average, we save our users £365 per transaction. Saved me about £600 compared to just using the solicitor down the road, even though the ones this site found were still local too. For my first purchase, I used a solicitor up in Blackburn. No need for them to be local unless you're in a mad rush as everything has to go in the post anyway. 1 Link to comment Share on other sites More sharing options...
Stevo985 Posted January 28, 2019 VT Supporter Share Posted January 28, 2019 To be honest I have a solicitor in mind. He handled my mom's recent sale and purchase and was very good and pretty cheap. So my plan was to go for him and recommend him to my tenants which I would assume would speed the process up as well. I'm not in a MAD rush, but the idea would be to get it sold before the Brexit shit hits the fan too much! Link to comment Share on other sites More sharing options...
supermon Posted January 28, 2019 Share Posted January 28, 2019 2 hours ago, Stevo985 said: Some advice needed folks. As I've mentioned I want to sell my house. My tenants are prepared to make me an offer to buy the property, which would work out excellently for me as it would be quick and easy with no chains anywhere. What I'm wondering is can I do it without an estate agent? I don't need to advertise or find a buyer. What would I need to cover to make it possible? I'll do my own research of course but always happy to ask VT for some advice Had exactly the same scenario just before Xmas, so much easier if you find your own buyer. No need for estate agents, always nice to save all that money. Link to comment Share on other sites More sharing options...
NurembergVillan Posted January 28, 2019 Moderator Share Posted January 28, 2019 1 hour ago, Stevo985 said: To be honest I have a solicitor in mind. He handled my mom's recent sale and purchase and was very good and pretty cheap. So my plan was to go for him and recommend him to my tenants which I would assume would speed the process up as well. I'm not in a MAD rush, but the idea would be to get it sold before the Brexit shit hits the fan too much! Don't think you're both allowed to have the same solicitor but I'm not 100% on it. 1 1 Link to comment Share on other sites More sharing options...
supermon Posted January 28, 2019 Share Posted January 28, 2019 That'd probably be a conflict of interest for the solicitor 1 1 Link to comment Share on other sites More sharing options...
Stevo985 Posted January 28, 2019 VT Supporter Share Posted January 28, 2019 Ah, my bad. Thanks chaps Link to comment Share on other sites More sharing options...
Xela Posted January 28, 2019 Share Posted January 28, 2019 3 hours ago, Stevo985 said: To be honest I have a solicitor in mind. He handled my mom's recent sale and purchase and was very good and pretty cheap. So my plan was to go for him and recommend him to my tenants which I would assume would speed the process up as well. I'm not in a MAD rush, but the idea would be to get it sold before the Brexit shit hits the fan too much! If you need a more local option Garner Canning (on Mere Green Island) and Quality (Lichfield Road, just past the Green House) are decent. The former sorted my purchase and the latter the sale of my folks house. 1 Link to comment Share on other sites More sharing options...
Xela Posted January 28, 2019 Share Posted January 28, 2019 I'm thinking of moving more rurally. Few pawns to move first at work but getting there. I'm pretty sure I could sell my place quickly as they sell like hotcakes due to the location, its just choosing where to go! Link to comment Share on other sites More sharing options...
Rodders Posted January 31, 2019 Share Posted January 31, 2019 Mortgage related query here: My 2 year fixed term ends in June, but my situation is going to change a bit in that my partner is going to move in with me at some point soon, and we'll want to add her name on the mortgage, but we're also aware that we will be finding a new place that is ours, and a bit bigger as the plan is to expand the family ( ) next year. Is the most sensible thing to just let the fixed term go back to variable rates, for the time that we are looking, I would say we would hopefully have found a new place in 6,9 months time, a year max. Or should we still aim for a new fixed rate and just move that over once we find a place? Fixed term remortgage and switching I think are likely to come with a couple of fees, but is that still likely to be cheaper than variable rates? Sounds like a dumb question but I'm not very good at this stuff, and before / if I speak to a broker any informed opinion is welcome. My sense is that at the current rate they are increasing the interest rates, I shouldn't find my current payment c£260 going up too dramatically over the course of a year - ( though I don't know if the payment will automatically jump once the fixed term expires ), if they're only going up 0.25% at a time but I may easily be wrong / missing something. I suppose the other variable is that my first term was taken out on a long span ( 37 years I think ) but with a partner on better money than me, there's an obvious advantage / capacity in reducing that term again with another fixed term. Link to comment Share on other sites More sharing options...
KenjiOgiwara Posted January 31, 2019 Share Posted January 31, 2019 What's the interest rates for you guys? House wise I mean. Link to comment Share on other sites More sharing options...
Rodders Posted January 31, 2019 Share Posted January 31, 2019 Current fixed term was on 2.2% I've not yet looked at what options there are. I'm mostly just keen that I'm suddenly not going to be facing an extra 1 or 2 hundred quid a month payments. Link to comment Share on other sites More sharing options...
Xela Posted January 31, 2019 Share Posted January 31, 2019 6 hours ago, Rodders said: Current fixed term was on 2.2% I've not yet looked at what options there are. I'm mostly just keen that I'm suddenly not going to be facing an extra 1 or 2 hundred quid a month payments. The SVR that it will default to after the fix ends will usually be a lot more expensive. Should tell you what it will be on your last mortgage statement. 1 Link to comment Share on other sites More sharing options...
Rodders Posted January 31, 2019 Share Posted January 31, 2019 Ok cheers, I'll keep an eye then, and maybe porting the re-mortgage will still prove the better bet Link to comment Share on other sites More sharing options...
Stevo985 Posted February 28, 2019 VT Supporter Share Posted February 28, 2019 On 28/01/2019 at 14:01, Stevo985 said: Some advice needed folks. As I've mentioned I want to sell my house. My tenants are prepared to make me an offer to buy the property, which would work out excellently for me as it would be quick and easy with no chains anywhere. Annoyingly it's fallen through. Tenants offered me the full asking price (or what would have been the asking price if it went to market). They claimed they'd seen a mortgage broker who had told them what they could afford to borrow, but hadn't paid for their mortgage certificate/agreement in principle. Said they had an appointment this week to get it (this was a couple of weeks ago so I was already a bit cautious as to why it would take so long) Anyway they had their appointment this week and turns out they can't borrow as much as they thought. About 20 grand less in fact. Not sure yet whether they're trying to get some money off, I don't think they are as I've spoken to them plenty and they seem genuine, but you never know. I won't be budging anyway. It's already **** me for trying to get it sold before Brexit. So going to put it on the market and see what happens. Link to comment Share on other sites More sharing options...
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