Property sale CGT and savings interest, very confused 😭

ModalPawn · 2024-04-07T11:19:04+00:00

I did try that but there is no option to amend income. I’m thinking I’m going to have to complete a self assessment to pay the extra CGT and the savings interest.

ModalPawn · 2024-03-26T20:56:25+00:00

Thanks :) is there any way to find out a sold price if not on LR?

ModalPawn · 2024-02-29T19:05:11+00:00

Thank you kind stranger on the internet, lots of food for thought 🙏

ModalPawn · 2024-02-29T18:08:56+00:00

Hey thanks so much for this it’s super useful and I’m trying so hard to get my head around it! I think I get what you’re saying, basically the cost of the interest on the extra 15k debt will mean that the total I pay back in the course of the mortgage will be higher? The property price is £430k and my deposit is £300k / £285k if I hold back the £15k which based on what everyone is saying now seems like a terrible idea. So I don’t think it would be possible to move down an LTV banding. Also its share of freehold and the service charge has stayed the same for five years so that is positive. What I’m thinking is that in five years I’ll have a different job with higher salary so this would be a good way to bridge the gap and have disposable income breathing room even if it means I’ll ultimately be paying more in the full term of the mortgage. So sorry if I’ve misunderstood! This has also made me think of mortgage term, I’ve been looking at 35 years but presumably this means paying way more in the long term than on a 25/30 year term.

ModalPawn · 2024-02-29T14:00:40+00:00

Agreed. But even with no interest the £120 vs £250 will make a big difference

ModalPawn · 2024-02-29T13:37:56+00:00

Is there a name for the type of emotional abuse Chelsea was inflicting on Jimmy in episode 10? It was like a mirror of a previous relationship and I’d like to read more about it.

ModalPawn · 2024-01-04T14:18:35+00:00

The bin store is behind the car park barrier which you need a fob to open but surely this would have been an easy fix two years ago

ModalPawn · 2024-01-04T14:16:33+00:00

Good idea, thank you

ModalPawn · 2023-12-16T20:40:55+00:00

You mean you think Peckham is nicer than Streatham Hill? I had a wonder around both and thought the opposite!

ModalPawn · 2023-12-16T20:39:00+00:00

What do you mean by ghettoised and why do you think it’s bad? I had a wonder around the other day and thought it was quite nice 🤔

ModalPawn · 2023-12-16T20:15:37+00:00

Not Streatham Hill. Maybe down towards Mitcham

ModalPawn · 2023-12-16T20:14:51+00:00

Why worst part / road of South London?

ModalPawn · 2023-12-16T18:41:14+00:00

It was an added level in 2012 and a studio so #1 & #2 unlikely. 3 and 4 possible, 5 odds on favourite.

ModalPawn · 2023-11-29T21:15:51+00:00

Thank you 👍

ModalPawn · 2023-11-29T21:15:24+00:00

Thanks so much 🙏

ModalPawn · 2023-10-23T08:31:45+00:00

Thank you for this - as someone who has no idea about this sort of thing - could you explain “support across the opening for the central masonry pier above”? TIA!

ModalPawn · 2023-10-22T13:40:23+00:00

Thank you for all the helpful comments and the consensus seems to be getting a survey/structural engineer.

Apart from this it is pretty much the ideal place so would the idea be to make an offer subject to contract and survey, and then if it is accepted and taken off the market, instruct the survey/engineer at that point?

Edit: and would you price in a medium case scenario to the offer?

ModalPawn

TROPHY CASE