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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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Solicitor for buying property dropped us because of the age of the property
We instructed a solicitor to start the process of buying a flat. We paid an advance fee which they asked for and they started doing some of the standard checks. A week later we got an email saying the can't represent us due to their company policy because the flat is 5 years old. That's it. Can anyone explain why this age…
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Housing Association Bathroom Refit?
I am aged 72, my HA want to refit the bathroom, in what used to be an age related rental property, now it seems anyone considered "vulnerable" are allowed. They are coming to survey next week and I asked on the phone if they were replacing the current bath "like for like", or if a walk-in shower could be fitted due to my…
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Retrospective Valuation for CGT
I'm a non resident landlord and if I sell the property (the only property I own) that I once lived in, then since 2015 CGT is now chargeable, before there was no CGT. Since this law change non resident landlords are able to base gains on the market value on 6 April 2015 when the law changed. I don't need it at the moment I…
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Selling my house with cleared up rat problem
Ive recently dealt with a rat issue in the loft, I have a report from the pest controller that a rat gate has been put on sewer and so far no other issues. Ill fully mention this on a TA6 report to stop future problems with any seller so I'll be expected to lower the price but not sure by how much is reasonable. The house…
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Transfer Equity DIY
Hi, after some searching, I can't seem to find what I am after. If it has been posted and I have missed it, please could you share the link. As part of my divorce, I am transferring the house to ex-wife. I have finished clearing the mortgage 2 weeks ago, so I have read that it can be done DIY style, I do need to keep costs…
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Managed Freehold Property, Resisted as Both a Freehold & Leasehold
Hi everyone. I would be grateful for some property advice. I am currently looking at a one bedroom mews house property and on the HM Land Registry it is listed as both a Freehold and Leasehold. The Estate agent describes the property as a Managed Freehold. How does a Managed Freehold status affect your legal rights to the…
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Buying my old house back after 3 years
hi I need advise on buying my old house back I sold it 3 years ago for 400k and now regret it but now it’s back on the market for 460k the new owner has done nothing to it and he’s let it go I’ve offered 425k cash and he won’t accept my offer he says wants 440k but I feel 40k in 3 years is delusional as other houses in my…
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Micro housing ?
Why has our planning system in the UK focused on massively expensive bricks and mortar homes ? With modern materiels and bulding technology now it is easy to create a comfortable home on a permenant or non permenant basis on small holdings, unused agricultural land, repurposed land ect there are plenty of ways to do this…
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Is this suspicious - No washing machine
We viewed a property yesterday and seems lovely around, however after chatting with the owner and thinking about it, something appeared a bit suspicious. The sellers stated that their washing machine broke and that they are taking their clothes around a families place to do it, and that they won't bother getting a new…
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Sellers solicitor holding things up
My son is buying his first home, a flat in Birmingham. The process began end of October but is still being held up by the sellers solicitor. He accepts that the extra searches re leases, cladding safety etc for flats takes a bit longer but we feel this is getting ridiculous. The latest feedback from his solicitor is that…
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Property Litigation Solicitor for lease forfeiture & FTT
Hi everyone, I’m in a bit of a nightmare situation and need recommendations for a really good Property Litigation Solicitor. I need someone who knows exactly what they are doing with leasehold disputes, setting aside default CCJs (due to defective service), and taking freeholders to the First-tier Tribunal (FTT). legal…
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Home Buyer's Survey
My buyer had their home buyer survey completed today - it seems that they will be looking for a further reduction. Should I wait and see what happens as they have already delayed the process by 4 weeks, changing mortgage broker and then rebooking surveys..
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Whose responsibility is to find a replacement tenant and do viewings on a joint contract? [Merged]
Hi, I am a student with 2 other tenants on a joint contract, One tenant moved their stuff to a another house in the town (for reasons unknown, we have assumed it is to move in with her partner who apparently lives a walking distance away from us) in March and has since then stopped paying her contribution to fixed utility…
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Rents increasing
Locally in Essex where we have rental properties we own and manage rents have, on average gone up by 10% and we have noticed fewer properties for rent. It looks to us as if the renters right act is having the opposite effect intended. Less homes to chose from and higher rents? Is it the same in your area?
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Help to buy deed of substituted security
We’re currently in the process of purchasing the freehold of our current home and tying this in with the sale of our property and purchase of another one, as our buyers were unhappy with the property being leasehold. Because we are currently under the Help to Buy scheme, the Deed of Substituted Security needs to be…
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Another one of those letters.
Yesterday we received another one of those letters. I'm referring the ones from home buying companies offering to buy your property. I've always tossed them in the bin. This one from National Homebuyers goes on: "We've noticed that your property is still on the market for £460,000………..We would like to make you a cash offer…
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Buying property. Solicitor.
Hello all. Very hard to explain this so please be polite. We are in the position to buy a property, needs a bit of TLC. But optimistic. We have viewed the place 3 times and placed an offer. Was told initially by the agents that was probate and in the hands of a solicitor to deal with. Ok fine. Put in an offer Friday, and…
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Mortgage for commercial to residential
hello I’m looking to buy a property which is currently half residential and half commercial use (offices). I have a deposit of 60%. The intention is to convert the whole property back to residential and live in it. I understand I’ll need a specialist mortgage until it’s converted then I’ll be able to change to a ‘normal’…
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Section 20
Some works mentioned on the section 20 I've received are actually the responsibility of the leaseholder, do I mention this on the consultation? Can we be forced to pay for work required for flats owned by other leaseholders?
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Advice on unloading Importing windows from Poland
After months of planning we decided to ahead with ordering a full set of windows from Poland. Based on quotes we got here we think we saved around 45% on what it would have cost here. Although the manufacturer is organising the shipping, it's our responsibility to unload the pallets from the wagon. Has anyone had any…
