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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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CGT on a Property that was gifted to siblings 25 years ago and Mother lived in rent free leasehold
Good Afternoon and thanks in advance for any advice. In 2001 my father died and the house that my mother and father owned outright was gifted to myself and my two siblings. The Land Registry recorded that fact that the 3 of us held the freehold and my mother held a 0 cost leasehold for a period of 30 years. Earlier this…
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Estate agents didn't tell us
We put an offer on a property & instructed solicitors. The property is a freehold house with rights of way across a gravel driveway. In the meantime time we had a level 3 survey done. £700 We have just had paperwork from the solicitors today stating the right if way land is leasehold, an amount paid yearly. Apparently…
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Will I pay CGT on my home/business ?
Back in 1986 I bought a bungalow on a busy main road with a decent size back garden and a workshop at the back. I had a job at the time but in the evenings I used to bust pallets and make firewood in the workshop. I bought a couple of saw benches and a few other tools. I started buying second hand timber from demolition…
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Home improvements in an Equity Release property
Hi, my Mum did Equity release on her property some years ago and now, she has been granted several home improvements paid for government grants through the local council as energy saving eg solar panels roof insultation and ventilation and heat pump installation and radiators. This should add some value to the property.…
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Should I sell my house and reinvest in fixed saving account
Bit of a dilemma can someone help We rent our house about £3000 a month before tax ect. Tennant moving out this month. I am 66 and wife 58, we use income to support my private and state pension and my wife and I are both retired. My wife pays all tax on self-assessment basis. Roughly profit of £32k per year after tax and…
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Land registry advice
I recently moved into a new house. No mortgage - used equity from my old house to purchase outright. The house maybe lemon (see my other post). It needs work, more than we thought so I'm thinking of getting a 25k mortgage. However with the Land Registry taking up to a year to issue the deeds, how can I prove ownership? We…
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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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Valuation refused....
Apologies this is probably going to be a long one....So.....Last time I was waiting for a decision regarding NatWest valuation, mortgage had been approved pending valuation. Person had come around, had smiled and said 'we'll see' when husband answered question about how much valuation we required to cover the mortgage…
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Freehold service charge
Can anyone help me im a 1st time buyer and places for people have a service charge on my property but wasn't aware of this even though I signed a deed of covenant. Nor the seller nor the agency I bought the house from nor my solicitor cleared this to me. I questioned the solicitor regarding the signing of the documents but…
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What’s wrong with this property
https://www.rightmove.co.uk/properties/160803176 Why has this property gone from £410k in March to £395k in April to £380k now with the EA claiming mass interest since it dropped to 380k? The identical layout and size property above sold for £358k and that’s an open market one. This is ex-SO being sold back to back…
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Buying house with missing lease
My daughter is buying her first house and had encountered the following problem. Had anyone else had any encounters with this or sny solutions before she pulls out of the sale? Messsge from my daughter. the solicitor has encountered a problem, they said the property has the freehold title but the seller can’t demonstrate…
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Moved: Selling a property after death
This discussion has been moved.
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Help! Kept in the dark!
We sold our property end of may. In a chain with 3 other people. We’re buying a house with no chain, those buying ours are selling an apartment and at the bottom of chain is FTB. Our purchase and sale is ready to go BUT the sticker is the apartment and bottom of the chain STILL unable to obtain a mortgage due to something…
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Help - sellers lied to us
I need some advice please. We moved a week ago and have made the biggest mistake, and I'm so incredibly upset. When meeting my new neighbour yesterday, she made me aware that in or around 2023 the property we just purchased was a cannabis farm. Neither the seller or the estate agent told us. The estate agents were aware as…
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What if i wish to break out of an Assured shorthold tennancy
Hi, Qu 1...Say i move in to a flat on a 6 month AST, and then in the first week, the neighbours are screaming drunks and i cant sleep at night and am tired going to work. Then surely i have a right to simply immediately break out of that AST? Qu 2...Say i stay in a flat for the 6 month duration of the AST, and then i…
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Help to Buy valuation on a flat with flammable cladding
Hi everyone. We're currently selling our flat in Runcorn which we bought in 2010 with the aid of a Help to Buy loan, and now have to arrange a valuation of the flat to show we're selling at the current market value and not diddling the government out if its share of the proceeds. Our issue is that our flat is covered in…
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Indemnity Insurance vs Deed of Variation
I am looking at selling my 2 bed flat and have had estate agents in to value. 2 of them have been quite insistent on starting the deed of variation now but our freeholder is charging everyone different amounts, its not consistent. Another agent advised to get indemnity insurance although this does not protect us against…
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Advice need - how to date a notice of transfer and deed of covenant
Hi everyone, I need some advice regarding the transfer of a leasehold property into my name, which I have inherited. Probate has been completed and I have filed an application for the transfer with land registry but we need a Notice of Transfer and Deed of Covenant from the management company of the property. I have the…
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2nd Charge on property - Creditor Liquidation
Hi, I am stuck in a very strange situation and don't know where to go so I am looking for some help please. My deceased Father's mortgage lender's representative were granted a repossession order and have sent a previous notice of eviction which was stopped. I am representing my Mother as she is the benefactor and I am…
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Estate agent role
We have a long chain. As far as I can tell the EA has not been proactive in checking out the position of others in the chain. I was told that I was the last to complete paperwork (signed contracts for sale and purchase are with solicitors) & that we had to complete within 8 working days or the chain would fail. I had a…
