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Hi All,I'm just after a bit of advice really. My partner and I had reserved a new build prior to COVID using the HTB scheme and had a mortgage offer ready to go for exchange but the pandemic struck. The build was then stopped and completion window moved from initially Aug-Sep 20 to Jan-Feb 21. Unfortunately my partner has been furloughed and this mortgage offer has since expired. We therefore haven't exchanged and will be unable to do so without a mortgage offer. We are trying to arrange for another mortgage offer but despite being way under the possible affordability threshold of our mortgage
Hi guys, just a quick few questions on tax that come up less often. BTL insurance claim, if you claim on your insurance for damage to a BTL property, do you claim the insurance payout as income and claim any contractor repair costs as expenses or do you claim neither as its an insurance payout rather than earned income? If you withhold some or all of the deposit due to losses of time, work, rent, damage or whatever, either for actual contractor costs or for your own time and hard work to clean and repair etc, does this need to be claimed as income or not as the deposit
Hello All... newbie here so please be forgiving! ( apologies if my post is a bit long ... hopefully some will read until the end ) I am looking at some BTL opportunities and found a 3bed house all refurbished to high standards that looks interesting in an area that I think will gain in value. After doing some research I believe that the developers bought the property last year for about £90k. There were a few sales last year at that level actually in the same area. The highest sale achieved in this street was £105k back in 2005 ... so I would guess pre-c