-
1st time buyers
hi after months of looking we found a house and fell in love with we agreed on the price done the survey a few things came back so agreed a new price. all ways flowing along at high speed great for us and for them because they wanted a quick sale as they have a pub to live in and run now. But about 2 weeks ago our sol…
-
Buy-to-Let Landlord's insurance
I've just paid my monthly installment to Homelet for landlord's insurance on a buy-to-let property I've got. Just realised I've been paying in for two years but I've no idea what sort of service they would provide if I had to make a claim. Has anybody had any dealings with them or can recommend a good alternative?
-
Is trust enough?
Hi My partner and I are in the process of buying a house. As I am unable to get a mortgage (due to my exhusband running up debts in joint names) my partner is getting the mortgage and I am providing the deposit. So... we are paying £130,000 for the house. £102,000 is by mortgage in my partners name only. £28,000 and all…
-
Stamp Duty Of Pub Lease
Can anyone offer advice or good internet sites wher I can gather some information. Does anyone know how the stamp duty works on the purchase of a pub lease? Who pays the stamp duty, what is the % of stamp duty payable. Is the person who originally takes out the lease liable for the stamp duty or do they only pay for the…
-
The "long awaited" garage break in photos.
I bought a flat a few weeks back and the land registry info showed that I owned a garage, despite the EA and the vendor knowing nothing about it. On legal advice, I left a notice on the garage for two weeks, but today was the day to finally gain entry and see what was inside. The door... Ten minutes with a large…
-
Buying the freehold
Hi, I live in a 89yr leasehold flat with one more flat above me. My leasehold is different from normal as it says anything on the groundfloor is my responsbility and anything above the groundfloor is my upstairs neighbour's responsibility. With this in place, my freeholder wants to sell me the leasehold. Do I need to share…
-
Enfranchisement Advice - Semi Detached House
Hi, I was wondering if anyone could assist in providing a rough cost for buying the freehold of my house. Purchased house for £115,000 (now worth approx £126,000 -£130,000 based on similar houses selling in the same street) I have owned and lived in it for 2 years. The original lease is dated Sept 1974 Original ground rent…
-
Mortgage offer
Got my official mortgage offer from the lender a while back. It expires 6 months from the date of issue, so mid-nov 06. Is this usual? I am concerned as there is a long chain ahead and I am having to ask the vendor of the property I'm buying to seek a lease extension, so worried it might take longer than this! Do most…
-
Home Buying Abroad - Mortgage or Loan?
OK, my flatmate and I have been considering the possibilities of buying old houses, doing them up and selling them has holiday homes. My flatmate is Spanish, and I grew up in Portugal, so these two countries are where we are looking at for language reasons. We are budgetting to spend £40k between fees, purchase and…
-
Vendor house hunting - time?
Finally had an offer accepted on the house we want!:j The vendor now wants to find their next house prior to starting to get into solicitors etc. How long is it reasonable for us to wait? Ideally we want to be in there in August and we understand the chances of the chain ahead of us holding everything up (We're chain free…
-
Right To Buy council flat - service & repair charges
I am in the process of buying my council flat. Repairs & Renewals costs are fixed for 5 years from the date of the S125 (offer) from the council, after the 5 years you pay proportionally for any work i.e. 60 flats in my block, i pay 1/60th of bills (less 10% discount as I only have a 1 bed flat). does anyone know if it is…
-
How to value a possible mansard
Hello The top floor flatowner wants permission from us ( 4 flats in house own freehold ) to build a mansard. His flat currently in a one floor one bed, it will become a two floor two bed with approx double the current floor space. We've got no problem with this in theory. It's just what's it worth ( the permission )?.…
-
Can anyone advise on this horrible unfair bill?
Hope this is the right forum :confused: I live in a leasehold flat. Our service company have obtained quotes for extensive roof maintenance and internal decoration of the communal areas (long, long overdue). To our shock, each flat (22 in all) has been hit with a bill of around £1000, less individual contributions made to…
-
Should I buy this house?
Hi people, i got inspired byt Iandavidcassidy's post. We have found a house that has lots of potential in Southampton. The area is nice with upmystreet.com saying that income, interest in current affairs and qualifications are medium. The area looks very quiet. However, what faces the house are big white plain straight…
-
Detached to semi, good idea or not?
Hi all, I am currently in a 3 bed detached with 2 ok sized rooms and 1 very small box room. With 2 kids, I am concerned that the small room is going to be a problem as by 10 month old grows up and wants more space. A semi close by has gone up for sale, and its on a corner plot. I am considering going for it, with a view to…
-
Help!!! 3% Stamp duty causing stress! Advice please!
Hi Guys, After going on offer in January and buying a house at £250k which was on the market at £265k, after six months of the seller umming and arring about his house price, our buyer had enough and pulled out. The house was next put back on and sold again for over the threshold in a day! We were extremely gutted. We…
-
Parador Properties
I recently went to a open day in my local town regarding buying properties abroad that was hosted by Parador Properties. I haven’t been really looking to buy a place abroad but after going there it has really got me thinking, they offered me and my partner a four day inspection tour for £49 and stated that we were under no…
-
Declaration Of Trust
Hi folks, My partner and I are thinking about taking a loan out with my parents to buy a property as "tennants in common". Does anyone know how would this be shown in a declaration of trust? Ideally my partner and I would like it written up so that my parents are entitled to a fixed sum out of the sale proceeds with all…
-
Problems with neighbour :(
I've lived in a leasehold maisionette above a shop for four years. Shortly after I moved in the shop owner downstairs installed an air-con unit on the roof outside my bedroom window. This didnt look pretty so I politely asked him how long it was going to be there. He was quite hostile telling me that it's commercial…
-
76 years on Lease. Should solicitor have mentioned it ?
I am (was) just about to exchange on a flat with 76 years left on the lease. I knew nothing about anything to do with leases until today except I had read years ago it would be hard to get a mortage on anything with less than 60 years. So I knew I would have to extend one day. THe EA had indicated £3k. I asked my solicitor…
