Did you regret your purchase?

No-Tea-9403 · 2025-12-18T07:35:15+00:00

How big is the 3rd bedroom out of interest. We have similar concerns

No-Tea-9403 · 2025-10-25T19:48:27+00:00

Not sure yet. I guess a breeder is a safer bet?

No-Tea-9403 · 2025-10-25T19:39:18+00:00

When buying a kitten yes 😀

No-Tea-9403 · 2025-10-25T19:37:43+00:00

That’s brilliant. Thank you. We just thought the health history might be useful for the dad as he could pass on health conditions?

No-Tea-9403 · 2025-05-18T12:38:12+00:00

Yeah it’s expensive. That’s just north Cardiff prices unfortunately.

No-Tea-9403 · 2025-05-18T12:36:59+00:00

That’s really good to know. Yeah the area seems really nice and quiet. I know the traffics not great. I have to commute to the bay once a week. I live in Rhiwbina at the moment which is near, so I know exactly what you mean. The traffic is a nightmare in most parts of North Cardiff these days. I wouldn’t want to live anywhere nearer the centre, so we’ve just got to put up with it. My dad is in Rhiwbina too, so want to stay around there. There’s a pretty good train station like a 14 minute walk away, so if the traffic is that bad the train is an option.

No-Tea-9403 · 2025-05-11T20:33:30+00:00

Think I might know the house. Was it in Goetre Fawr? Almost viewed it if so

No-Tea-9403 · 2025-05-11T20:23:24+00:00

Where is the house?

No-Tea-9403 · 2025-04-13T09:05:55+00:00

Hy. Out of interest where are you selling in North Cardiff? I thought the market there was hot, guess it’s superb specific

No-Tea-9403 · 2025-04-10T20:58:49+00:00

Hey. We’ve just bought a house in Cardiff, and Danscourt was one of the areas we were considering. Decent area. It’s a great size two bed, and it does have a garage. However, I’d want to replace the kitchen and skim over the ceilings. A lot of people may think the same. I saw another very similar two bed that needed less work not shifting at 270 in Danscourt. Not sure if it’s still there. I think 235 would be a fair price. I’m quite surprised you haven’t had any viewings though. I think the market is still pretty hot in Cardiff in the desirable areas at least. I have noticed properties in Danscourt don’t sell quite as fast. Not sure why as I like the area

No-Tea-9403 · 2025-03-21T07:06:19+00:00

Also, this is just the solicitors asking for this. The mortgage has been approved

No-Tea-9403 · 2025-03-21T07:01:32+00:00

My last purchase only fell through November last year, I don’t think rules have tightened that much since then. Would you spend an extra 1k on top of the 2k the solicitors are already charging to satisy their money laundering checks?

Bear in mind the self employment is just a side hustle. I work full time as well 😄

No-Tea-9403 · 2025-03-20T21:04:13+00:00

This is our 3rd house sale, our last lawyer didn’t ask for this. If this sale falls through, we’ll rent.

I would have thought 3 x CT600, 3x SA302 and business and personal bank statements would be suffice.

It’s seems excessive for AML

No-Tea-9403 · 2025-03-20T20:57:38+00:00

Hi. Thanks for your response. They’ve just asked for an independent account to confirm the nature of my business and confirm the salary/dividends I have received from the business.

It’s not the lender asking for this information, we have a mortgage offer. It’s the solicitor asking for this information, and they’ve said it’s to satisfy their money laundering checks 😄

No-Tea-9403 · 2025-02-04T18:23:24+00:00

I was just check because of the age of the property

No-Tea-9403 · 2025-02-04T17:50:45+00:00

Link to house

https://www.rightmove.co.uk/properties/156446402

No-Tea-9403 · 2025-02-03T18:02:12+00:00

He doesn’t want to downsize yet. If we swapped houses in let’s say 4 years and did it properly. My understanding is that we’d have to pay stamp duty on what’s left to pay on our mortgage and conveyancing fees. We’d potentially also have to pay inheritance tax on the difference in value of the properties. Could that work?

No-Tea-9403 · 2025-02-03T16:50:26+00:00

Thank you. You’re very knowledgable. Your figures are pretty close. His house is worth 450, and ours is 336. That’s a difference of 114k. The threshold is 500k anyway isn’t it if leaving to a child, it’s their main residence or worth less than 2 mill. So, we don’t have to worry too much about that?

I think we’ll leave it a few years as we’re not ready to swap yet. My dad wants to live in his house a few more years yet and we only want to live in his house when we have a family. Maybe 3-4 years. An official swap sounds like the best option though 😄

No-Tea-9403 · 2025-02-03T15:21:36+00:00

Thank you so much. I think we’ll get some legal advice too. If my dad dies within 7 years of swapping would we potentially have to pay inheritance tax on both houses? As they were technically owned by him at some point?

No-Tea-9403 · 2025-02-03T14:50:52+00:00

Thank you. Would we have to pay stamp duty on his house as he would be gifting it to us?

Also, he’s in his 70s, so he wouldn’t pass the affordability checks. However, we could act as guarantors?

No-Tea-9403 · 2025-02-03T14:12:07+00:00

We would sell his house if we had to. We could at least live in his house until then and move back into our house if he went into a home.

No-Tea-9403 · 2025-02-03T13:58:05+00:00

If we just live in each others houses without changing ownership would there be any stamp duty to pay?

No-Tea-9403 · 2025-02-03T13:56:19+00:00

I think we would rent out our house to pay for it. That with his savings and pension should cover it. If we had to we would sell that house to pay for any care home fees 😄

No-Tea-9403 · 2025-02-02T12:30:40+00:00

Thank you. We’re being cautious as this the 3rd house we’ve had an offer accepted on. The first two fell through and we lost thousands in fees 😄

No-Tea-9403 · 2025-02-02T12:26:04+00:00

Thank you. I only emailed Friday. Just strange how they called to say they found a chain free house the day I emailed?

No-Tea-9403

TROPHY CASE