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House price boom is over warns Bank of England boss
http://www.dailymail.co.uk/pages/live/articles/news/news.html?in_article_id=450401&in_page_id=1770&ct=5 reports the Daily Mail.
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Only getting one ea to value
My house is a typical 30's terraced in one of the London suburbs & I already had a good idea of what it's market value was as it's always been a hobby of mine to keep my eye on the property market. One agent in particular sells the majority of houses in my road, achieving sales within a matter of weeks. It's an independent…
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Lease extension problems
Hi We are in the process of extending our lease. The price has been agreed and we were expecting the paperwork through for the new one. However, the freeholder’s solicitors have delayed on this on numerous occasions, and we now have had to apply to the courts to force a response. At the moment we have not "served" the…
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Can my grandad hold onto his home?
I'm not quite sure this is the correct board to ask this question on, but this is the situation :- My grandad owns his own 3 bed semi detached house outright, he bought it for £3,000 in around the 1950s and now its worth around £200,000 He is now 91 and very, very old, he hardly gets out of bed, is doublelyincontinent,…
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Lodger rules
Hi, I'm in the process of buying a 2-bed flat, and have a friend who will be moving in and paying me rent. I understand there's an annual tax allowance of £4250 under the rent-a-room scheme, but wondered if this was only for rent paid? I was thinking of asking for £350 pm in rent, plus bills (probably about £475 all inc).…
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Bunny Boiler Buyer?
My 74 year-old widowed Mum is downsizing. She accepted a couple's offer approximately 6 weeks ago. Mum has 'detached' herself from her house, and has been packing up boxes for about three weeks now. She has, in turn had her offer accepted on a much smaller bungalow, which needs a bit of work doing on it. This is no problem…
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BTL best ideas
Want to get a BTL but not sure how many rooms etc. would be best. Spending 250K does a 2 or 3 bedroom in cheap area make sense. House or flat in better area ? Any tips will be handy . thanks
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30% fall in house prices
Tony Dye, who correctly warned that the stock market's bull run of the late Nineties could not last, believes house prices could fall 30% over five years. interesting site http://www.housepricecrash.co.uk/
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we cant use the solisitors we want
we have just been informed we cant use the solisitors we want(the cheapest) because they havent got a parnership and our mortgage company wont use them unless they are part on one! so now they are sending use a cheque out for the search fees i have just payed for this morning. and we have to find another one. Anyone had…
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What next?
We had our housebuyer report and valuation done on Friday, and the people who are buying off us their surveyor were at our house yesterday, how long do these take to get written up and what happens next?
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How can I reduce CGT when selling land
I have a 4.2 acre plot of land that I have had valued at 230,000. I have owned it for 5 years and wish to sell it. How can i reduce my capital gains tax liability.
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Completion on a new build
I am close to completion on a newbuild and i had a snagging report done. the majority of the issues are decorative but there was a safety issue surrounding the balcony and terrace. the report said the terrace frame was loose and the screws on the balcony had been cross threaded or put in at an angle. The developer has said…
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Survey Quotes
Hi We are trying to find someone to do a survey on a property we want to purchase. So far we have had a quote for £600 + VAT as well as another for £1350 + VAT. The mortgage firm offers an indepth quote for about £1400. The company offering the cheapest company seems the most professional on the phone. They answer…
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I'm getting out now......
I'm just about to put my 4-bed Norfolk house on the market, if I succeed in selling it I'm going to rent for a while. I've been convinced for a long time that house prices just can't go up any further, but blow me, they have confounded my expectations and carried on doing so over the past couple of years. This time though…
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Sell off property or BTL??...
Hi, I dont know what I should do for the best! I am looking to purchase a new home and was originally going to let my current property out so that I could keep hold of it and hopefully gain equity in the property. I am now wondering if I might do just as well to sell the property in case the property market takes a dip…
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Freeholder Problems
:mad: :mad: Please help on any advise you may have. I am currently selling a leasehold flat, but the freeholder is being a pain, because he isn't answering to the queries! I've already had a buyer pull out! My solicitors have said that I can't get an absentee indemnity insurance, because he is technically not abswet. He is…
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mortgage application a week before job probationary period ends
hello all, what's your advice here ? I've got a mortgage application approved & an offer accepted on a flat. I didn't realise that there could be problems with probationary periods & mortgage approvals. Of course when I applied intially I stated I'd been with my firm 2 months. I've got two weeks left til I become…
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Looking for a Structural building Surveyor in Manchester - any ideas?
Hello, i am looking for a good structural building surveyor for a commercial property that I am thinking of buying in manchester - so I suppose he/she could be based in Manchester/Cheshire/Oldham areas. I have researched some, but the quotes I get back are quite huge, so if anyone has experience of a good surveyor in this…
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how long do searchs take?
we have just payed for the first lot of them to get done? how long do they take.
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So near yet so far...
Agggghhhhhhh! I'm buying a freehold house (vacant possession) and selling a leasehold flat to a first time buyer. Offers were made and accepted around about Feb 15th, and the solicitors are all still doing their stuff. How long does it take? I'm being kept reasonably in the picture - there have been issues on both sides…
