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james chandler

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Everything posted by james chandler

  1. Good evening all, We're in need of some advice managing a property in Germany. The property is actually my wife's family home, where she grew up, where her grandparents currently live and pay rent to a landlord who helped them out by purchasing the property from them, as they needed the money. We would like the house to stay in the family, so are looking to purchase it off of him, with the grandparents remaining in the house but paying us the rent instead. So what we would like to know, is what legal requirements would we need to have in place? How would the tax work ove
  2. Good Morning All, I recently went to one of the property hub meet up groups, which was great, where I found out about "gifting" property. My situation is my parents have a BTL property of which they own outright (no mortgage), but are looking to sell it to support their retirement. I have said I would like to buy it from them, but have then found about gifting, where they could gift the property to me and I would remortgage the property and the gift them the money back. They bought the house for £175k and its now worth double this at £350k. I am wondering what fees I will have t
  3. Thanks Debbie Is there a maximum amount that can be gifted?
  4. My parents currently own a BTL and want to sell it to support their retirement. They're happy for me to buy it off them at a discounted rate, but are concerned if it is too low that they will get charged inheritance tax anyway They purchased the property for 176k and it's now worth approx. 300k. Can anyone shed some light on how much would be an appropriate number to avoid any tax implications. Many Thanks
  5. My parents currently own a BTL and want to sell it to support their retirement. They're happy for me to buy it off them at a discounted rate, but are concerned if it is too low that they will get charged inheritance tax anyway They purchased the property for 176k and it's now worth approx. 300k. Can anyone shed some light on how much would be an appropriate number to avoid any tax implications. Many Thanks
  6. Good Afternoon, I have recently returned back to the UK after working abroad for 8 years. I have purchased a BTL which I have had since October 2015. I'm now back, and would need a 2nd mortgage for a house to live in and I have a few questions: Do I need to go to the same provider that has given me the BTL mortgage or can I go with someone else? If I do need to go with someone else, is it easy to switch over? Will the fact that I have a BTL mortgage affect me when trying to buy a standard mortgage to live in? Any additional help would
  7. Good Morning, I am very close to securing my first property, however, after completing a survey, i found out that the house is built on a landfill site. We do not know any more details than this at the moment. A friend in the construction industry said not to go ahead with it, as in 20 years time the house could be cracking and falling apart. Has anyone else had any experience with this? If it were you, would you proceed with the purchase or back out? Thanks guys
  8. Good Afternoon, I've just had an offer accepted on my first property and i currently live in Dubai. Can anyone advise on what the best way is to transfer my money back to the uk? Many Thanks
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