Greetings experts,
I will be starting to build a house (hopefully , pending planning) soon. I have a host of questions i need answered. Everyone second person i talk to seems to give me a different answer. So these are the details.
I havent transferred the site onto my name yet, the solicitor told me to wait until the planning comes through. The plans are for a 4 bed house around 1800 ft/2. I was going to convert the attic space into 2 additional rooms. I am a first time buyer
So here are my questions.
What is the best way for me to transfer the site into my name, and what costs could arise in this.
Will i have to pay any stamp duty on this house. If so how will it be calculated
When applying for the mortage how much al i entitled to before i start building.
Who certifies the stage payments for the mortage. I have an architect working on the aplans and the planning application but i dont know if he is registered or even qualified.
If i put rooms upstairs will it have any effect later when if i try and sell
When finished the house should be worth a lot more than the money i will have spent on it. How do i go about using this equity.
All answers would be appreciated
Luder
I will be starting to build a house (hopefully , pending planning) soon. I have a host of questions i need answered. Everyone second person i talk to seems to give me a different answer. So these are the details.
I havent transferred the site onto my name yet, the solicitor told me to wait until the planning comes through. The plans are for a 4 bed house around 1800 ft/2. I was going to convert the attic space into 2 additional rooms. I am a first time buyer
So here are my questions.
What is the best way for me to transfer the site into my name, and what costs could arise in this.
Will i have to pay any stamp duty on this house. If so how will it be calculated
When applying for the mortage how much al i entitled to before i start building.
Who certifies the stage payments for the mortage. I have an architect working on the aplans and the planning application but i dont know if he is registered or even qualified.
If i put rooms upstairs will it have any effect later when if i try and sell
When finished the house should be worth a lot more than the money i will have spent on it. How do i go about using this equity.
All answers would be appreciated
Luder