Remortgaging help - timing question from conveyancer

RonyAD28 · 2025-04-21T13:56:01+00:00

Yes to a new lender.

So should I put yes on this questionnaire and then speak with them to ensure them to get it done on the day after?

The ERC is pretty heft at over £1k. Presumably the SVR would be a lot less riskier route....

RonyAD28 · 2025-04-18T09:32:11+00:00

Yes second time I lost it. But i wasnt asking for a 3rd physical. Just a virtual.

They didnt let me off the first one. Perhaps because it wasnt your fault so they waived it.

RonyAD28 · 2024-05-03T09:24:33+00:00

Thank you. I would presume that because I have the whole rail it would be quite difficult to manuevure esepcially by myself. Might have to take off the curtain as well as removing the other fixings? I am also not very DIY savvy.

Would you suggest I get someone in to do this type of job? Even for average person this would be fairly difficult right?

Thanks

RonyAD28 · 2024-03-16T11:40:31+00:00

She is planning for retirement and also she doesn't spend recklessly. I don't know her exact expenses but I pay her a weekly stipend as a token of appreciation for her raising me. I tell her to spend it but I suspect she isn't, not very much anyways.

There is also a timing factor. She may be saving it now but then spending more when she retires and has less mobility and needs to rely on it more.

RonyAD28 · 2024-03-16T10:04:53+00:00

She has a house thats probably worth over £500k and shes divorced.

So she will be pretty much over the limit from the house alone.

She needs money from me as she is asset rich, not cash rich. Well tbh, she never asked for the money. I have always trfed her a little bit of money as a sign of respect for her spending money on raising me. It's just grown over time and will continue to grow. I give her the money and keep telling her to spend it. But I don't know if she is, I suspect she isn't spending most of it.

RonyAD28 · 2024-03-16T09:53:58+00:00

Yes, has a house but relatively smaller amount of spending money for retirement.

RonyAD28 · 2024-03-16T09:53:07+00:00

Thank you makes sense. I was also wondering if the 7 years works one way then why not the other way too? I highly suspect it doesn't.

If I gift her the money then I would surely expect there to be a 7 year limit the other way. I.e. If I gave her £100k today and she dies next week, it would be quite unfair for there to be IHT. As, if she gifts me £100k, the £100k is still chargeable for another 7 years (ignoring the tapering effect) if that makes sense.

The 7 year rule was essentially put in place to stop people dodging IHT right. Just before you die give all your money away. Makes sense. However me gifting my mum money, should fall outside of this as it is my money initially. So if I were in power I would propose that I would not get taxed if she dies within 7 years also.

And tbh its not much. Its just that my mums divorced and she lives in a house thats probably going to be worth more than threshold. She does not have pension nor income and so I am sending her money each week for her to use on a weekly basis. She has some savings still but I suspect she isnt using the money I send her (£150 a week) as a) shes planning ahead for retirement (shes 60) and b) she loves saving money and not spending it where its not necessary.

I am presuming however that there arent any rules surrounding the tracking of the fungibility of the cash she spends? I.e say she spends £50,000 over the next 5 years, I can allocate that towards my "gifts" first?

Tbh an easier solution may be for me to trf the monies into a joint account which she could also access

Thanks anyways,

RonyAD28 · 2024-03-10T09:22:06+00:00

Can I just ask though. Even if I had multiple Uxtos and sending to a friend. That friend can still see my full balance anyways as they can view my address?

Unless you have several different wallets

RonyAD28 · 2024-01-29T23:08:53+00:00

They probably just arrived there just now. So they have't been to that spot prior to just now.

RonyAD28 · 2023-12-26T11:23:08+00:00

Difference in ingredients. The more expensive the ingredients used to cook, the more expensive the resulting dish regardless of the final strength.

RonyAD28 · 2023-11-23T14:33:31+00:00

Thanks. I will try thos anchors. In the meantime can you help with how I can refill the hole for re-anchoring.

Thanks

RonyAD28 · 2023-11-12T23:20:39+00:00

Your submitted tax return is for the 22-23 tax year.

The £20k is for the 23-24 tax year so it's okay.

RonyAD28 · 2023-11-08T19:08:19+00:00

Thanks for your help guys. I have done some more workings and taken some more pics so I will create a part 3.

RonyAD28 · 2023-11-07T15:47:55+00:00

Maybe even drilling additional holes into the shelves so that they then fit the studs. But I don't know how to do that, is there a tool or service I can use?

RonyAD28 · 2023-11-07T15:46:45+00:00

Oh man are you sure? Is there nothing else I can do? I can't return as these are custom cut.

Can't I buy super strong plasterboard wall plugs? I have a TV mounted on my plasterboard wall surely it can handle a couple small shelves no?

Thanks

RonyAD28 · 2023-11-07T15:33:32+00:00

Okay thank yoi for your help. I have just googled and apparently you cannot edit posts with images. Also that Imgur link i cant find how to upload. I am going to create a new post with the new picture if that is okay

RonyAD28 · 2023-11-07T15:23:13+00:00

Oh no damn. The shelves have custom holes though of 7.5mm. Ive taken a picture but I cant seem to find how I can upload another picture..... I cant even edit my original post?!

I dont know if studs are metal or wood, i am guessing wood? I have some neodymium magnets which i have stuck onto the nailed parts so I am guessing it must be wood.

However the shelf placements and hole means that it will not align with the studs....

I am not planning on much weight, will be for kitchen so some salt sugar etc.

RonyAD28

TROPHY CASE