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Found 9 results

  1. Hi all, I have an arrangement with a family member whereby the property was purchased by my sister and essentially "verbally gifted" to me to help me onto the property ladder. We are currently in talks of several scenarios in order to extract the equity/cash from the property in order to help me to build my portfolio. One potential case would be to sell the property and cash in on the current value; apart from the initial capital gains tax, are there any other law/tax penalties we should aware about if she was to transfer a lump sum to me following the sale of the property to
  2. So, first post in the forum - be nice! Long story short, my wife and I own a rental property (3-bed house in SE18, London) that is tenanted for the next 11months. As we've slowly explored the challenges posed by the new tax regime on landlords, we believe our best move is to continue investing via a limited company...however it won't be cost effective to move our current property to one (switching ownership between us isn't optimal either). Question then is "can we sell a property with tenants in it"? Does anyone have experience of this? It clearly lessens the target ma
  3. Hi! We are about to put our property in London on the market to realise some cash to invest in the North (where we now live). We are quoted around 1%+VAT for the agent's fees which will be just over £10k in fees. Alternately I've been looking at Tepilo and Purple bricks where the full service including viewings is around £1800. Has anyone had experience of using these guys? Given our tenants may give notice and move out before it is sold the extra saving to cover any voids makes sense. Difference is fee is payable even if they don't sell it! However It may also enable us to price for a quick s
  4. Hi everyone, We are looking to sell a property in Bedminster and so far we are not convinced by our agent's efforts and might be looking to switch. Does anyone have any recommendations for a more proactive member of the species who has good local knowledge? TIA!
  5. Hi all, I was having a lively discussion with some fellow investors and wanted to hear what people on this forum think. Whether you're a seller or a landlord, how do you choose which agent to market your property? I've had 3 projects with 3 different agents and I can't say I've nailed down a system yet. First, I went with the cheapest, thinking it was good business sense. But of course, you get what you pay for, which I learned the hard way. Then I went for the agent who originally sold me the property - thinking they know the property and how much work I put in re
  6. Hi everyone, I am selling a flat in north London - I'd be interested in a quick straw poll of estate agent fees. I know online agents are very cheap, but I'd be interested in hearing people's experience of local agent commissions. I will speak with a few agents, but would be good to get some general feedback from hubbers first. Thanks
  7. Suppose a beneficial owner of a property - not the sole beneficiary, wants to use his share of the capital invested in the house to buy another property. If the sale is in the hands of an executor, then how can this be organised. The beneficiary cannot buy a house until the executor sells the other property. Renting seems a poor option because of the 6-12 month tenancy agreement. What would be the solution?
  8. I am looking for some advice please. I am struggling to sell my house at the moment so I have looked into selling or renting to a housing association, has anyone had any experience of this? If anyone has any advice or could share their experience this would be really appreciated.
  9. Hey everyone, looking for some advice Myself and my mum own two properties which are managed by a property management company. We've had them for nearly 5 years, and they've always been managed because we live in the South and the properties are in the North. Due to a recent change in circumstances, we're looking to sell both as my mum is currently struggling to pay her own mortgage and she's looking the recoup the investment made 5 years ago to pay off the remaining mortgage on her own home. Here's the issue... One of the properties has tennants in it and paying, so we're not
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