Martin Gardner

Registered with Property118.com
Sunday 27th July 2014


Latest Comments

Total Number of Property118 Comments: 21

Martin Gardner

9:59 AM, 18th May 2016
About 4 years ago

Stamp Duty extra 3% - Do I pay flow chart

Reply to the comment left by "Neil Patterson" at "18/05/2016 - 09:49":

But you don't pay it cause you already have BLT, so if changing current to BLT it would not be my main residence anymore? I have just approved a mortgage through this method awaiting seller to lift a charge on her property before we can complete. Lending was on conditioned both exchanged same day. My partner is joint on mortgage but she is coming off and in my name only under new BLT lending. Not sure why i would be penalised as I get the residential mortgage rate and deposit for new main residence so why i get higher stamp is beyond me or would i say fair? Im confirming with my advisor as no one seems 100% certain apart from referring to the sold aspect reference but no reference refers to change of mortgage to BLT. Unless you already have that confirmed... Read More

Martin Gardner

9:44 AM, 18th May 2016
About 4 years ago

Stamp Duty extra 3% - Do I pay flow chart

I am buying a larger main residence for myself and converting my current main residence to a BLT product under a new lender, I have been advised that the BLT new mortgage and my new residential mortgage have to complete on the same day, as naturally the BLT must be available to let as we move into our new main residence. I also have several BLT properties. Would the new higher rate be applicable on the new main residence as it would only be one main property for my family. Im in the understanding as its not a second home or investment that it wont, anyone clear this for me?... Read More

Martin Gardner

14:39 PM, 2nd March 2016
About 4 years ago

Council Tax allowance used previously before purchase?

Interesting that I have received a new bill this morning after my email and telephone conversation to the local council. They have now revised my tax bill from £407.03 to £159.71 and in fact given me now the allowance of 100% first month and 50% reduction for the remaining months. I could argue that it does state where furnished, that they give 50%, but unfurnished is 100% for 6 months. But I may just accept that a win before pushing my luck.... Read More

Martin Gardner

9:21 AM, 2nd March 2016
About 4 years ago

Council Tax allowance used previously before purchase?

Thanks for your responses, I still find it unfair that you should be liable for council tax if allowance on the property has already been used, by the previous occupancy. The property was empty for a while so not sure who was claiming as it was under management. I really should be only be liable for the property from purchase, I know this is not the case but it should be, as feel I am being penalised.

It's bizarre that each council sets its own rules and should be a rule of property law which is uniform across any property if life was so simple...

Even though she did say she could not tell me who claimed the previous allowance, she did confirm that they could tell me if the allowance had been used prior to purchase, so at least we could accommodate this cost.... Read More

Martin Gardner

14:58 PM, 22nd February 2016
About 4 years ago

Strategy to grow your portfolio 75% LTV or 80% LTV and why?

Reply to the comment left by "stuart john" at "22/02/2016 - 13:00":

In my case and area, I would go for the 80% purely as its another 5k towards another property, for £23k (80K deposit £16k) I could buy another and do it up and make further equity and another rental income. More than the cost of the extra interest and have some left to do it up, to add value. The reborrow on next one and start again :-)... Read More