Arun Damodaran

Registered with Property118.com
Wednesday 8th July 2015


Latest Comments

Total Number of Property118 Comments: 4

Arun Damodaran

8:01 AM, 9th August 2018
About 8 months ago

Who owns the loft space?

Looks like the wires of the titles have gotten crossed? One would expect both lesses to have a share of freehold but not flying freeholds as you describe. You need specialist advise as suggested by others here.... Read More

Arun Damodaran

14:45 PM, 21st April 2016
About 3 years ago

Bank of England Buy to Let affordability rules update

Hi all,
Does this reflect that most (if not all lenders) would borrow only 5.5% of loan amount * 1.25 for operating costs. Then surely 75% LTVs may not stack up any more. One would have to go for 60/ 65% LTVs to make the figures work?
Regards
Arun... Read More

Arun Damodaran

14:40 PM, 19th January 2016
About 3 years ago

Off plan purchase delays - Advice on stamp duty/mortgage

Hi James,
Looks like you were unfortunate to miss the exchange date by a week or so. If you had exchanged prior to 25th Nov, it wouldnt have mattered if you completed post 1st April as your exchange would have happened in the stipulated window. Cant see a way out of paying the additional stamp duty IMHO. Lenders do allow extension of a mortgage offer if completion doesnt happen in the 6 month period, but this would be something you may have to take up with them.
Regards
Arun... Read More

Arun Damodaran

11:15 AM, 30th December 2015
About 3 years ago

Which Stamp Duty for new residential property?

As far as I am aware this is a bit of a grey area which has not been clarified in the current of announcements. How 'Let to Buy, gets treated in the new changes will be eagerly awaited. Your solicitor might be able to throw some light on it.
Regards
Arun... Read More