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 …
Stamp duty on second homes explained - HomeOwners Alliance
Nov 4, 2024 · 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 …
2 days ago · 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 ...
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 ...
First Time Buyer Schemes 2024 - HomeOwners Alliance
The Help to Buy Equity Loan scheme (2021-2023) ended on 31st March 2023 and closed to new applicants from 31st October, 2022. The scheme let you buy a new build home with a 5% deposit. Users of the scheme could borrow an equity loan from the government of up to 20% of the property’s value, or up to 40% if the property was in London.
What Is Indemnity Insurance? - HomeOwners Alliance
What is indemnity insurance? Indemnity insurance covers legal costs and potential damages in lawsuits. It primarily protects professionals from financial loss due to negligence, errors, or omissions in their work. But it’s also relevant when buying and selling a house when an indemnity insurance policy covers a legal defect with the property ...
How Much Should I Pay In 2024 - HomeOwners Alliance
The average estate agent fee in 2024 is 1.42% including VAT. So on a £275,000 house this would mean estate agent fees of around £3,900. However, estate agent fees typically range from 0.9%-3.6% depending on which estate agents you use, how many are selling your property – and how well you negotiate.
Subsidence: What is it and how to prevent it - HomeOwners Alliance
Subsidence is when the ground beneath a property sinks, pulling the building’s foundations down with it. Subsidence usually happens when the ground loses moisture and shrinks due to long periods of dry weather or because of trees and shrubs. However, activities like mining nearby and poor ground works can also lead to subsidence.
Permitted development explained - HomeOwners Alliance
Here are the major projects you can build under permitted development rights. 1. Two-storey extension. This is a relatively new addition to the permitted development scheme and an incredible way to add space. A two-storey extension allows you …
Leasehold Vs Freehold: Differences - HomeOwners Alliance
Leasehold vs freehold summarised. Freehold: You own the building and the land it stands on indefinitely. Leasehold: You own the property, not the land, and only for the length of your lease agreement with the freeholder.; Leasehold vs freehold – the different forms of home ownership