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Martin Lewis Blog: 'House offer accepted, now they want £20,000 more! What should I do?'
A passer-by stopped Martin in the street recently to ask his opinion on her house buying dilemma. You can check out his view in a video he posted: Martin Lewis: 'House offer accepted, now they want £20,000 more! What should I do?' What would you do? Stand your ground? Walk away? Pay the extra? Negotiate? Tell us your…
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New to the House Buying, Selling & Renting board? Start here
✅ This board is for... * Questions about buying or selling a home * Questions about renting a home * Questions about being a landlord 🚫 This board is not for.. * Debating the state of the economy * Debating house prices in general * Political debates Note: In order to help keep the Forum a useful, safe and friendly place…
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Tenancies in Eng/Wales: Guides for landlords and tenants
post 1 This thread is intended to provide information to both landlords and tenants relating to Assured Shorthold Tenancies (ASTs) in England and Wales. Updated April 2020 to include the Coronavirus Act 2020 and July 2020 to include the Electrical Safety Standards Regulations 2020. Topics covered: Post 2: Repairing…
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How much development potential?
I own and live in the red property. The blue property is privately rented. I would like to buy the yellow portion which is currently completely overgrown with young trees, nettles, brambles, rubbish, and fenced (with a gate) from the rest of their garden. Owner of blue property is not selling, which is fine, but I'm…
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Level 3 survey has raised several issues, how would you approach renegotiating?
We’re buying a 1970s detached dormer bungalow for around £385k. It’s a probate sale and we expected some updating, but our Level 3 survey has raised a few points that seem more substantial than ordinary age-related maintenance. The main findings are: The electrical installation is very dated and the surveyor thinks…
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New "Have a Look at This" thread
The other one has disappeared and any posts I have made are not listed in either my posts or thanks. This thread is for things like: . Spotting pets in properties . Anything awful - decor, extensions etc . Quirky properties . Timewarp properties . Properties in serious repair and anything which is different and of interest…
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Management company threatens court action to leasehold flat owner.
Good afternoon. I live in a leasehold flat in a development of 223 flats in Wolverhampton. I pay 2 half-yearly service charges to a management company. A new management company was appointed last summer & I've received various letters from them on different issues including a invoice for monies due in October 2025, which I…
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What documents should I expect when I've purchased my buildings rent charge?
Hi all Didn't really know which category to put this in, so if it's wrong, i apologise and ask an admin to move it. THIS IS A COMMERCIAL MATTER ON A FACTORY MY FAMILY OWN. My family have owned a factory for many years. For as far as I personally know, (at least 25 years), the company has paid £35 per year ground rent to an…
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Advice on Quirky Property for First-Time Buyers
Hi MSE Forum, We are first time buyers looking to purchase a quirky property. It is a cottage with attractive period features. But there are aspects we're a bit uncertain about. We had two main questions. (1) There is a notoriously busy road through the village centre (Banwell) which is a bottleneck of traffic on A38. A…
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Landlord common areas fire responsibilities
I was under the impression that landlords did not have to fit fire alarms to common areas but have received conflicting information so welcome thoughts on this.
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Landlord inspection after 10 years
My friend is moving out of her rented house after 10 years. The landlord has not once done the legally required electrical and gas inspections and has always told my friend she is responsible for maintaining the property, gutters, decking and whatever else. He has only ever been in when she reported something broken and he…
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Downsizing plan: buy first, sell a year later, then clear mortgage – any pitfalls?
Hi, we’re looking for a bit of reassurance that our plan sounds sensible, and whether we’ve overlooked anything! As part of our retirement plans, we’re intending to downsize to an apartment in the countryside. Rather than moving there immediately, we’d like to buy the new place first and use it as a part-time holiday home…
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Royal Mail redirect
A couple of months ago I moved from house A to house B and set up a Royal Mail redirect. Due to unforeseen circumstances, I'm now moving again to another house (house C) next month. I'm therefore looking to redirect post from both houses A and B to house C so I don't miss anything. Has anyone else been in a similar…
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Sell Property to Investor
Hi, I have a rental property. When tenant moved out I want to sell quickly. To avoid the hassle and expense of advertising etc, I tried to sell to an investor. Contacted a few and accepted what I thought was a reasonable offer. Buyer asked for 4 weeks to entry date / completion. Then delay because he was on holiday.…
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Negotiating best purchase price
Initial advertising - £325K New guide price now - £300-£325K Our ideal is to just under £300K or as close to it as possible Thank you
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Claiming for capital improvement expenditure against capital gain (few receipts)
I've owned a property for 32 years which I did a lot of work on over the years. Mainly a renovation in 1994 and further changes in 2014. I do have some receipts/paperwork but not all. Highlighting work done and timing of work done in to an AI system it has come up with a figure of £12,975 (this is a conservative figure and…
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Flat to House
We can sell our flat to an investor and it would of course be less than market value, we can make the value work with our own money added in order to sell and have enough to buy We will be much happier in a house especially as a family of 4 but money will be tighter on a monthly basis because of the mortgage etc. Are we…
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Any tips on how to get a viewing of a rented house?
As title really. I'm looking for a cottage to rent but am having difficulty getting a viewing. Are there any hints and tips? With one I went through the Rightmove application system but the letting agent said those don't have priority and best to contact the agent direct and by the time I got to speak to her she wasn't…
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Dilemma: stick with buyer after long delay or remarket?
Selling parent's flat - it was put on the market last May before my parent died as they had moved into a home. Buyer is an older person who was first one the flat was shown to. They loved it, offered asking and parent accepted, then died suddenly about a month later. I then had a very long probate delay, finally getting…
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Adding wife to property ownership
I owned a house before meeting wife. (house is in my name only) We moved out when I bought a 2nd house (again, in my name only) Current situation House 1 - I owned before meeting wife, in my name only, we lived in for 20 years, then moved in to house 2 about 10 years ago, i let out original in my name only. House 2 - I…
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Estate agent contract advice
On our estates agent contract it states the below. If we find our own buyer but don't exchange contracts until left the agent, surely that avoids their fee? The wording is separate but it seems to indicate that any buyer introduced by them is 6 months or two year's, that's fine but for a 100% private buyer surely there's…
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Shared ownership
As it's very expensive in my town I'm wondering if shared ownership is an option. II want to ask if it's a regulated/standard setup? Or do each company offer what they want? I'd like at least 50% share where I can buy more later. Is there any articles to read about this or anyone got any personal experiences?
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Selling House With Both Freehold and Leasehold In Place
Hello all, I'm hoping someone can provide me with a simple solution to the below problem: Unknown to me at the time, my parents bought the freehold for their house in 2010 (I was not aware it was originally leasehold in the first place) and now, as executor of their estate, I am in the late stages of selling it. However…
