No Building Regulations Certificate? What Can You Do? - HOA
If the building control work was carried out by an Approved Inspector, you should contact them for copies of any initial notices, plans or final certificates instead. There may be an administration charge involved and if no building regulations completion certificate was issued, a final inspection letter may be sent to you instead (or an ...
Stamp duty on second homes explained - HomeOwners Alliance
Stamp duty applies to lease extensions just as it does to any other property purchase. But, the £125,000 threshold for standard stamp duty means most people don’t have to pay it. The issue with the stamp duty for second homes rate is that it kicks in at a much lower £40,000. Pay more for the extension, and own other properties, and you’ll ...
Leasehold reform 2024: What you need to know - HomeOwners …
Nov 11, 2024 · This will go further than the new protections inclulded in the Leasehold and Freehold Reform Act 2024. There are as many as 1.75 million homes on private estates and this continues to grow. According to the Competition and Markets Authority, homeowners pay around £350 a year in new build management charges. At this time, the government is only ...
Damp In The House And How To Fix It - HomeOwners Alliance
Improve ventilation (e.g open bathroom windows when showering, add a kitchen extractor fan) Remove mould from walls with a product such as HG mould spray then paint with a damp seal. Turn on or improve the heating of the property and insulate the …
What is an EWS1 Form - HomeOwners Alliance
The EWS1 form, also known as an EWS1 certificate, was intended to reassure lenders so that mortgages can be offered on flats within a building that has cladding. The EWS1 form isn’t the same as a fire safety assessment of the building. It is a report for valuers and lenders conducted by a specialist fire engineer of the external wall ...
Inheriting A House: What You Need To Know - HOA
In the tax year 2023/24, the main residence nil-rate band is £175,000. This allowance is added onto the main inheritance tax nil-rate band of £325,000. So, depending on the value of the rest of the estate you could be able to inherit a property worth …
Buying A House With Asbestos In 2024: What To Beware Of
However, the average price of asbestos removal is around £150 per m2, according to Checkatrade. While the average cost to encapsulate asbestos is about £25 per m2. This process involves covering or enclosing asbestos-containing materials with a protective coating or material to prevent the release of fibres into the air.
What can go wrong between exchange and completion
In most cases it is, but there are still a few things that can go wrong, delaying or even cancelling completion. These include: Mortgage offers being withdrawn. Redundancy. Bankruptcy. A break in the chain. Disagreements and communication breakdowns. Payment delays. Problems with removal companies.
How to get a mortgage with no deposit - HomeOwners Alliance
What is a no deposit mortgage? Getting a mortgage with no deposit means the mortgage lender will lend you the entire value of the property. These mortgages are also referred to as Zero Deposit Mortgages, 100% Mortgages and 100% LTV (loan to value) mortgages. So if you’re buying a property costing £300,000 with a zero deposit mortgage, you would borrow the full …
Capital Gains Tax on property when selling - HomeOwners Alliance
Capital gains tax rates on property vary based on a number of factors, such as your income and size of gain. Basic-rate taxpayers pay 18% on gains (not the total sale price) they make when selling property. Higher and additional-rate taxpayers pay 24% from April 2024. And it’s important to note that any capital gains tax will be added to your ...