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Hello my name is ***** ***** I will help you.
Could you please explain your situation a little more?Alex
Ok - you can sell a house for whatever you want. If the house is in the region of £134k then £120k is not unreasonable.
All HMRC will want to know is that you are not avoiding selling it low to avoid tax.
But you dont have to keep it for any length of time and you can sell it for whatever price you want.
Can I clarify anything for you about this today please?Alex
That may be to do with a capital gains tax situation or mortgage considerations, but there is nothing stopping you buying it and selling quickly.
People buy houses, refurbish and sell on quickly - otherwise they wouldnt be able to
Does that clarify? Alex
To you no. It may do with her, but that is a matter between the mortgage company and her.
Lenders like you to keep property for a while.
If this answers your question could I invite you to rate my answer before you go today, otherwise the site doesn’t pay me for the time spent with you. Thanks in advance! Alex