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Q. I’m hearing the words ‘DOUBLE DIP’ being bantered around way too much just lately and wondering how this will affect the property market? After the announcement a couple of weeks ago that the country is officially out of recession I thought the worst was behind us? A. Yes – I hear you, just when…
Q. I have been relocated with work to the other side of London and am finding the commute a nightmare so need to reluctantly sell my much loved riverside apartment. Trouble is I’ve looked around for something similar closer to work but nothing compares, what am I to do? I definitely can’t do this journey…
Q. I’m selling my apartment and have 3 offers on the table from different parties; trouble is they are all stuck at the same figure which is lower than my expectations. I need to sell though and feel if I keep asking for more money they will all walk and I will end up with…
Q. I’m thinking of selling my property and need some advice on Capital Gains Tax – will I be Liable? A. Private Residence relief is the name given to the tax relief designed to ensure that most people don’t face a Capital Gains Tax bill when they sell their home. Generally, if you have lived…
Q. The Managing Agent that looks after the block I live in is failing miserably to provide the service that myself and the other Leaseholders would expect for the service charges we pay, is it possible to sack them and assign a new company? A. Firstly be sure that you really do want to fire…
Q. I recently inherited a large 4 storey house that I’m thinking of renting out, however a friend has mentioned the house in multiple occupation legislation (HMO’s), can you tell me more about this? A. If you have a large property to rent out, the likelihood is that it will be rented out to more than…
Q. What is a Compulsory Purchase Order? A. A compulsory purchase order (CPO) allows a local authority to acquire land and/or property for certain purposes i.e. where a listed building has fallen into disrepair and where it seems unlikely the owner will repair it. Also some properties have been bought by such orders to allow…
So, how was the first week back I hear you all ask? What’s going on in Canary Wharf? Is my property worth more money or less? Should I buy now or hold out for a few months? Should I rent or sell? Questions questions – the New Year always fills us with both anticipation and…
Q. I’m thinking of selling my property but still not sure what time of year is best, do you think I should maybe wait for the spring or do you think generally the New Year brings out the buyers? A. Reflecting on past experience and other years the state of the market financially will always…
Q. I’m considering shared ownership to help me step onto the property ladder; can you tell me more about this option? A. Shared ownership mortgage schemes are a Government incentive backed up by developers and housing associations in order to provide high quality affordable housing for first time buyers and other key workers. The shared…
