-
70 year lease on a property
This is from another thread so apologies if I'm breaking posting rules but I'd like to open this up to everyone. I've had an offer accepted on a flat, 100% mortgage. The lease is 70 years according to the estate agent. Does anyone have an opinion on this ??? I'm posting because I had a reply on my last thread saying it…
-
Negative equity
We bought this house three years ago and borrowed against it to do it up to a liveable condition. We have an interest only mortgage so haven't paid any of the capital off and now reckon it would fetch about the same amount as our outstanding mortgage. I know we've been stupid. We have no savings or anyone to borrow from…
-
buildings insurance
We have just bought a house, everything has gone through now and we've completed. I was reading the buildings insurance policy document and noted it said "Your home has not suffered from and shows no indication of subsidence or any other structural problems" It quite clearly has had some settlement/old movement and it says…
-
Appointing solicitors (house sale)
I have been quite fortunate to have received an offer on my house within a week of appointing my estate agent (not half as fortunate as my agent !!!). However I have not yet got around to appointing (or even looking into) a solicitor. Having never sold before and never been through this process can anyone tell me what I…
-
Choosing to rent long term
Hi, I'm new round here :j Hubby and I sold our "first time buyer" houses when we got married in 2004, banked a nice amount of cash and have been renting since. We've now decided to continue renting this house long term, and are going to invest the money elsewhere. The main reason for this is that we can afford to rent a…
-
Received first offer
My house has been up for sale for about eight weeks. Only three people have viewed it. The last person has made an acceptable offer but has no offers on his property. If I accept his offer what should I do if I am made an offer from someone else who is in a better position to buy? What if he can't get a buyer? What if he…
-
selling property
as anyone got any info on companies who advertise to buy your house and deal will be done in 10 days . recently became a victim of logbook loans whose custmer are skills are second to none . i would love to find a loop hole in this company as they take advantage of people in dire straights .they repo my car and demanded…
-
Stamp duty on lease / Shared Ownership
I'm picking up the keys to my new flat on Monday, which I have bought on a 50/50 shared ownership scheme. my solicitor has just told me that I have to find an extra £570 for stamp duty on value of the annual rent I am paying. This applies even though the value of my flat falls below the stamp duty threshold. I'm gutted,…
-
selling a house for the first time
Hi, Just a quick question My wife and I are looking to sell our house soon (this will be the first time we have bought and sold) and have five estate agents coming round over the next 2 days to give us a valuation and idea of their charges etc. I have had a quick look through the sticky at the top started by Marcus which…
-
House Prices are starting to fall!
According to moneyextra ! "House prices stalled in March - but first time buyers continued to come under pressure, says Moneyextra. Average property values fell in March to their lowest level since October last year. At £220,303, the average price is up just 4.8% on year-ago levels and is actually down 1.2% on February's…
-
Grade II* listed property, with Flying Freehold
We're looking at a property at the top end of our budget. Problem is that it is Grade II* listed, and was probably last worked on in the 1970's. We suspect that it may need re-wiring and re-plumbing (we haven't been able to see inside yet as the - elderly - sellers are being very awkward about viewing times). Anybody have…
-
Moving/completion day
I was wondering about the actual move day – how it works. We’ve been told that we need to vacate our house and have the keys with the estate agent by 1pm, but that's all we've been told. When should we be able to pick up the keys from the estate agent for the new house (different area)? Do we go straight over to the new…
-
Solictors Charges
Hi - quick question. Our house sale has been a bit of a nightmare and i have been having to call my solicitor ALOT. Probably every other day - all essential but none the less. Last night someone mentioned i may get charged for each phone call - is this the case???? If so i am going to owe him a fortune!:o
-
Are property clubs really a benefit or hinderance ?
Hello, I've bought from property clubs for years. Soem good , some bad deals. What do people think ? Are they rip offs with their high fees, or actually doing us a favour. I have started approaching builders myself, and negotiating the discounts direct, and charging no fees. That's the way it should be. Thanks.
-
Wimpey house, lessor Simarc and Cox Braithwaite insurers
My partner and I have been living in a George Wimpey home in Northern Ireland for several years. We were informed by our solicitor that there is a covenant in the deeds that the ground rent lessor, Simarc Property Management Ltd, specified that we have to use a company called Cox Braithwaite for buildings insurance. I have…
-
Help towards doing up our garden...
Hi, We rent our house through a very nice, reasonable landlord. Unusual I know!! The garden is all slabs apart from a little border around the edge. We're not gardeners at all so it's a mess. We've got a 15 month old who obviously can't play in the garden because of the slabs making it dangerous. Do you think it would be…
-
good idea or financial suicide ?
Hi, I'm buying a 3 bed maisonette (very nice place) with a 100% mortgage in the north east. In a place that hasn't shown huge rises historically but sits next to a ludicrously overpriced area. If it were 500m down the road it would be 250k but it's valued at 150k and I've offered the asking price. The vendor says he's…
-
first time buyer/renovator
Hi, My girlfriend and I are first time buyers looking to buy a property that requires complete renovation. We have seen an ideal property on the market for o/o £110000 and I estimate it would need at least £15000 of work to bring it up to standard. We have been told we could borrow that much but it seems that most lenders…
-
End of Tenancy Check Out Fees
We have been informed by our letting agent that in addition to the vast expense we are required to incur by having our rental property, professionally cleaned, carpets professionally cleaned, property fumigated and 100 other things before returning the property (none of which were done before we moved in), we also have to…
-
How much do you know about becoming a landlord?
Take the test http://business.guardian.co.uk/story/0,,2061977,00.html
