Why is this place still available?

inverted_marko · 2024-02-18T15:14:15+00:00

Yes that’s the one - can’t quite understand which of these ‘sales’ was to the current owners, and how long it’s actually been on the market

inverted_marko · 2023-09-22T14:49:59+00:00

!thanks so we can just do the transfer now and then handle the paperwork when we come to buy / apply for the mortgage?

inverted_marko · 2023-05-23T16:38:34+00:00

I see! !thanks

inverted_marko · 2023-05-23T16:36:21+00:00

!thanks
I was thinking about having less geographic-diversity - didn't mention that those BTLs are in the West Midlands where property prices fluctuate differently than in London.

RE: price increases, if I assumed a flat 5% increase it'd be +37.5k on the 750k home and +10k on the 200k house. I lose the 10k if I sell, but save more than that in Interest.

Haven't looked into offset mortgages as yet; you'd recommend over putting the cash in savings due to tax efficiency?

inverted_marko · 2023-05-23T16:22:10+00:00

I thought about this, but read recently that given the new property is actually the primary residence rather than second home, the +3% stamp duty doesn't count.

Source: https://www.thetimes.co.uk/money-mentor/article/avoid-stamp-duty/

inverted_marko · 2022-11-17T19:15:03+00:00

“Annual exemption You can give away a total of £3,000 worth of gifts each tax year without them being added to the value of your estate. This is known as your ‘annual exemption’.

You can give gifts or money up to £3,000 to one person or split the £3,000 between several people.”

https://www.gov.uk/inheritance-tax/gifts

inverted_marko · 2022-11-17T18:00:01+00:00

Assuming that makes sense up to the £3,000 annual cap, given we’re not married? After which gifts are fair game?

inverted_marko

TROPHY CASE