User Profile

[Gordon999]

The transfer of property between spouse is subject to special conditions as stated in :

https://www.gov.uk/capital-gains-tax/gifts

The capital gain for the transferred property to spouse is calculated from the original date of first purchase.

[Gordon999]

I think you should consult a conveyancing solicitor about your problem. If you have proof of ownership , why do you need to purchase what you already own ? Do you have a mortgage loan offer to replace the existing mortgage under husband's name ?

A transfer by gift between spouses does...

[Gordon999]

Neilm.

I was referring to tax year . So my suggestion is " do a% transfer to your wife this month and send the Form 17 asap to Tax Office to enter on their 2018-2019 records ".

Then you would "exchange sale contracts " after 6th April 2019 and...

[Gordon999]

Please show the actual wording in your lease . I cannot open your attachment

[Gordon999]

This was reported on bloomberg 9 Feb 2019 :

" The U.K. canceled a 13.8 million pound ($18 million) contract with Seaborne Freight, a startup company that doesn’t own any ships, to deliver backup ferry service in the event of a no-deal Brexit. Lawmakers had criticized the contract...

[Gordon999]

You would need to transfer the property into joint name in the year before sale in order for your wife to claim the capital gains free allowance of £11,700 on her share of the property .

[Gordon999]

Actually the annual rental profit say £5000 ( e.g 12 months rent say £6000 minus allowable expenses say £1000 for letting agent and insurance ) is charged at 20% or 40% rate depending on your job income = £1000 or £2000 tax bill.

So if you were to spend all £5000 rental profit on...

[Gordon999]

The leaseholder of unoccupied flat should pay the extra £200 .

[Gordon999]

Try getting a comparison quote for block of flats policy + terrorism cover from this online site which offers insurance cover by Lloyds of London :

https://www.thepropertyinsurer.co.uk...ats-insurance/...

[Gordon999]

You should let the collective enfranchisement proceed first and raise your proposals AFTER the purchase of the freehold title has been completed.

[Gordon999]

It can be a covering letter for the service charge account summary and certified by the managing agent as based on the bookkeeping records for your address .

Below is a copy of the RICS Residential Management Code.( 3rd ed)

http://www.legislation.gov.uk/uksi/2016/518/pdf...

[Gordon999]

The certificate shall include a Summary of the service charge account for 12 months period from 1stJan to 31 Dec 2018 for the block of flats at 28 Station Road. This summary shall show the service charge contribution received from the leaseholders and the expenses incurred ( cleaning, gardening...

[Gordon999]

The company should have 2 directors who are leaseholders of flats in the building .

You can check the company details ( registered address , names of directors, secretary and due date for filing of annual return etc ) at the Companies House website.

The standard of service...

[Gordon999]

If you use the calculator posted on LEASE's website : https://www.lease-advice.org/calculator/

With 80 years still remaining on the lease , the estimated cost to pay comes to around £ 2000 plus costs.

But if you allow the lease to fall below 80 years, the estimated...

[Gordon999]

Don't buy this property if you can see £500 ground rent is too high for an £80K price level property.

[Gordon999]

It may be cheaper to buy this insurance D&O cover for directors of RMC , with the buildings insurance for a block of flats.

When you buy D&O Cover under a stand alone policy , it may be suitable for a high risk trading company and that will cost more.

[Gordon999]

The "click of the button" re-mortgage offer may only be available to the bank's existing customers.

The bank's website information on "remortgaging" shows there can be charges for mortgage loan set-up fee, valuation fee and solicitor's fee for new customers.
...

[Gordon999]

This may help you :

https://www.propertyreporter.co.uk/l...-landlord.html


https://www.telegraph.co.uk/money/as...-gone-missing/

[Gordon999]

This free guide may assist you:

https://www.lease-advice.org/advice-...perty-chamber/

[Gordon999]

Is your "freehold property" a house or a flat ? Transfer of any property to a "person not linked to you" sounds like a possible scam . You should approach 2 or 3 mortgage banks direct and ask if you qualify for a BTL loan.

If it is a house held under freehold title...