james pearce

Registered with Property118.com
Saturday 18th October 2014


Latest Comments

Total Number of Property118 Comments: 36

james pearce

11:02 AM, 1st May 2020
About 4 weeks ago

SDLT and CGT regarding new build and title split?

Hi,
I can't really comment on above as such however we have recently done similar with just the one property and we are having a few issues with re-mortgage (Built with cash)
Most lenders weren't interested as they consider the company to be development rather than rental despite a change to SIC code and some even wanted us to transfer to a completely new co. which obviously isn't really viable with SDLT.
Good luck!... Read More

james pearce

9:13 AM, 14th January 2020
About 5 months ago

Buying land with boundary and title complications?

Hi,
Land transactions are rarely simple it seems.
You also have to bear in mind accuracy of land registry plans is often questionable. The line showing the boundary can often scale at 1m+ which hardly helps!!
Expect this to take some time to resolve however subject to price it will no doubt be worth it..
Good luck.... Read More

james pearce

11:22 AM, 20th May 2019
About A year ago

Loft conversion without planning permission or building regs

I had a slightly similar situation several years ago albeit the third floor on a terraced house. The loft conversion was clearly illegal and not fit for purpose although a tenant had been using it for years. When I phoned the council there seemed to be an implication of grandfathers rights. I reduced my offer by the price of a loft conversion and gutted the house and did the loft properly anyway.
Substantial discount should be order of the day........ Read More

james pearce

17:59 PM, 25th August 2016
About 4 years ago

Capital gains on BTL to be taxed as income

So when will this be introduced?
or has it already?... Read More

james pearce

15:43 PM, 1st August 2016
About 4 years ago

What is the science behind an offer price?

I make many offers for each successful bid, I'd be concerned if most bids were accepted.
Art or science? State of the market has a huge bearing on what discount you can get away with.
Don't bid above what you feel comfortable with......... Read More