Stamp duty on second homes explained - HomeOwners Alliance
WEBStamp 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 ...
Damp In The House And How To Fix It - HomeOwners Alliance
WEBImprove 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 cold walls. Repair any cracks in walls promptly.
Stamp duty: Who pays it? When? And how much? - HomeOwners …
WEBIn England and Northern Ireland, from 23rd September 2022, no stamp duty will be paid on the first £250,000 of the property’s value. First time buyers pay no stamp duty on the first £425,000 of the property’s value. It’s worth noting that stamp duty is set to change again in April 2025 according to the government’s autumn 2022 budget.
Exchange Of Contracts Explained - HomeOwners Alliance
WEBAfter you exchange contracts, you are liable for the property, and so you need to have buildings insurance in place before hand. You have sorted out funding for the contract deposit (traditionally 10% of the purchase price, but nowadays often less) You have agreed on a date of completion for the sale, which will be written into the contract.
Buying a second home: What you need to know - HomeOwners …
WEBYour second home is an additional property or secondary residence. You have to pay more stamp duty when you buy a second home than you pay when purchasing a primary residence. Stamp duty is payable on any property worth more than £40,000. Stamp duty rates in England and Northern Ireland from September 23, 2022.
What is an EWS1 Form - HomeOwners Alliance
WEBThe 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 ...
Conveyancing Process Made Easy For Buyers - HomeOwners Alliance
WEBThe conveyancing process starts when you make an offer on a property – or accept an offer on your home – and lasts until completion day when keys for the property are exchanged. The conveyancing process may be shorter if you are a cash buyer. The conveyancing process takes around 12-16 weeks. Conveyancing Process Step.
How to sell your house: The step-by-step guide - HomeOwners …
WEB7. Prepare your home for sale. Home staging may help you sell your house faster and make it more valuable too. Tidy up, get rid of excess clutter; give it a fresh lick of light coloured paint; fix those little snagging things; keep it clean. Check out our guide on Tips to make your home more valuable and sell faster.
Permitted development explained - HomeOwners Alliance
WEBPermitted development rights entitle you to extend or renovate your home without the need for a full planning application. This is a fantastic option for anyone who is looking to avoid the subjective nature of a traditional planning application. Not to mention, the administration, time and costs involved with obtaining planning permission.
25 questions to ask when viewing/ buying a house - HomeOwners …
WEBHere’s our list of questions to ask when viewing/buying a house in 2024. These are essential questions to ask estate agents before you make an offer. 1. Why is the owner selling? One of the first questions to ask estate agents when you are looking at a property to buy, is why the owner is selling. If you’re lucky the estate agent might hint ...