user_14547

Registered with Property118.com
Monday 24th July 2017


Latest Comments

Total Number of Property118 Comments: 131

silversurfer2017

17:06 PM, 3rd July 2020
About A week ago

2nd BTL 2 bed Vs 3 bed?

Reply to the comment left by Jim Fox at 03/07/2020 - 12:03
Two of them could be persuaded to be a couple and therefore related?... Read More

silversurfer2017

17:49 PM, 30th June 2020
About 2 weeks ago

Neighbour might object to Airbnb?

I can see problems now and in the future. Regarding Covid-19 precautions and possible future outbreaks your property wants to be as self contained as possible and that includes the access. You should be OK if you let friends and relatives use it just giving you a small amount towards expenses. You do not own a 'clean' freehold to this property and the freeholder will d his/her best to make life awkward for you. But as business venture and registering it as a holiday let for Business Rates IMHO it is not a goer.... Read More

silversurfer2017

12:05 PM, 18th June 2020
About 3 weeks ago

B2L mortgage on house we will end up living in?

I have done this myself so I can comment with some experience. We wanted to downsize but we had specific requirements regarding location and type of property and we decided that we wanted to buy our new home first. We are pensioners which rules out several options. We bought our new house on a 2 year BTL mortgage and are currently renting the house and intend to continue to rent the property for two years and then pay the mortgage off without penalty. We were pleased that decided to take out rent guarantee insurance and we thought that £33 per month was good value to cover a monthly rental of £2,500. We had to pay the extra 3% stamp duty but if we sell our existing main residence within 3 years and move into the new property then we can claim this extra stamp duty back.... Read More

silversurfer2017

21:28 PM, 12th June 2020
About 4 weeks ago

CGT - I "want" to pay, but how?

I would suggest that you estimate your income on the low side for 20/21 so that you only pay CGT, on account, at 18%. If your income works out higher than your estimate then just pay them the extra 10% on part or all of the gain in 2022. This is what I intend to do on a property I am currently selling, fingers crossed. It is so early in the tax year I cannot be certain of what my income will be for the whole of the 20-21 tax year.... Read More

silversurfer2017

21:18 PM, 12th June 2020
About 4 weeks ago

Mortgage company put me on variable rate doubling my interest payments?

How did Precise find out you had lost your job? Did you tell them?... Read More