-
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…
-
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…
-
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…
-
Leasehold to freehold advice
I’m about to sell my 50% shared ownership house. The lease only has 63 years left on it and I’ve been quoted 40k to extend it. I do have the option of a simultaneous staircase sale where I purchase the other 50% at the same time as selling, and the property then becomes freehold. Does anyone know if whoever then buys the…
-
Price adjustment for smaller homes
I am buying a house in a small cul-de-sac where a larger house just completed a few days back. I am close to exchange. Both houses have the same characteristics: 3 bedrooms, 2 driveway spaces, condition, number of bathrooms, build year/company etc. However, the house I am buying is 20% smaller than the larger house (both…
-
Can an estate agent show my buyer new properties?
Hi all Long story short… we accepted an offer on our property at the end of June. We had been really transparent with the buyer (we showed them around) in that we would need to find a property to move to before we could sell. We had an offer accepted on a property about 3 weeks after accepting our buyers offer. The seller…
-
Offering under asking on "offers in excess"
Hi all, we are first time buyers so no knowledge of "protocol" etc We are viewing a house which from the pictures we really like, it is at the very top end of our budget. The property has been listed for over 2 months. I don't yet know the vendors reasons for selling or if there is a chain. I can see that it's last sale…
-
Should I have suspicions about buying this home?
There's a 2 bedroom detached house for sale, it's not a traditional house, it's more like a building that was converted into a house, it's about 3/4 the height of a regular house, has sloped ceilings in the bedrooms which severely limit the head space but that's ok. Anyway it was listed in June for £200,000 but has since…
-
Solicitor trying to charge £2000 Leasehold fee.
We're getting towards exchange on a leasehold property as first-time buyers. We've always been clear that the property is a Leasehold. It's a chain-free property, and everything else has gone pretty smoothly thanks to the sellers already having all the documents ahead of time. We were sent the contracts to sign a couple of…
-
What motivates agents to make wrongful deductions from a tenancy deposit, what is in it for them?
What motivates a rental agent to persist so hard in making deductions from a tenancy deposit, even when blatantly wrong and maybe even illegal? The agent doesn't get to keep any of the deposit, so what is their motivation? Do they maintain some sort of "successful deposit deductions" statistic they then use to encourage…
-
Removal of Form A Restriction from Title Register- Inherited property
Hi , hope some can help . I have been granted probate and now looking to transfer my parents property to my name as per will. However one the registry document it states " RESTRICTION: No disposition by a sole proprietor of the registered estate (except a trust corporation) under which capital money arises is to be…
-
Solicitor not ready to share file
Hi, I am first time buyer and facing issues with contract exchange as solicitor is not giving go ahead. They said they are waiting for management company to respond on couple of points. When I asked for the file, they responded back saying if they provide me with the file they will no longer be able to continue working for…
-
Discovered hidden council deed after buying house – any legal options?
Hi everyone, I’m hoping for some guidance on a situation I’ve discovered recently. I bought my house about 2 years ago. I’ve just found out that a deed was signed between the seller and the council a few years before the sale. This deed states that no occupier or owner of the property can apply for a residents’ parking…
-
Second home Council Tax: Wales
My wife, brother and I put together money to buy a house in Wales. The names on the mortgage were only my wife and I which my brother approved of. We intended for the three of us to live in the house together. However, it didn't work out and my wife and I bought another property to live in leaving my brother to live on his…
-
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…
-
Companies mimicking HM Land Registry.
A week ago I Googled 'Land Registry' to get hold of a copy of the Title for a property I own. The Company calls itself Land Registry UK and, having missed the small print stating they are not HM Land Registry (HMLR), I paid online about 60 pounds for a copy of the Title. Soon after, this Company emailed to state that there…
-
Landlords - are you selling up or will do when your tenants leave?
As above. Also is you don't mind, just say what area of UK you live in to give it greater context. Will you, have you put up rents this year and if so by what percentage and was the amount less than last year/etc. These new rules which 101% favour the tenants, when do you expect them to become the law. In my view, it may…
-
Huge loss on sale of rental property
Hi, first time here so apologies for any stupidity... I stupidly bought a buy-to-let / rental property in my mid-twenties without really knowing what I was doing (FOMO in the company of wealthy colleagues)... Then the financial crisis hit, followed by the cladding scandal, and I eventually just got rid of the property for…
-
Cheeky offer?
Hi. When making an offer on a property, what do you think the boundaries are between a cheeky offer and an offer likely to offend the vendors? Is 5% below asking price acceptable and normal? Is 10% below likely to cause offence? Asking price is £355k. Thanks for your feedback.
-
Sell inherited property to sibling for less than probate value
Hi, first post so apologies if I have made any error in where to post. My father has passed away and I am set to inherit both of his properties. My half sibling lives in dad's second property and has done for several years. This has been an agreement between them and their stepfather (my dad) as it was beneficial to both…
-
Consent to let residential mortgage (5 yr fixed), can I take out equity in the future to buy home
Hi Everyone, I wanted to get advice. The story is I have a mortgage 5 year fixed which is due to end October 2026 (residential mortgage). I want to leave the town and the location due to personal circumstances/ finance issues. I have built up quite a bit of equity in the house (bought the property in 2020) I have looked…
-
Scotland 4 Weeks to Entry - is this Realistic ?
I had a really lucky break yesterday touring around Estate Agents looking for a Flat in Scotland. One I went into had a lovely 2 Bedroom Flat come back for sale as the previous buyers Mortgage had fallen through. 30 Minutes later I was viewing the property which was listed at offers over £116000 with a Homebuyer Report…
-
Rental Legal Advice
Good afternoon all My son split with his girlfriend in January 2025. They were joint tenants on a house rental, which expires this month. Taking into consideration his ex partner did not have anywhere to move to, he agreed to pay his half of the rental (£900 per month / £450 each) as legally obliged to, including this…