-
Many questions on buying to refurb and sell :)
Hi, I am just at the research phase of a possible new venture - my father-in-law (to be) and I are interested in buying property to work on before selling it on, hopefully at a profit. I am just trying to get my head around the financial and business side of things. I understand that any profit would be liable for capital…
-
Statutory Notice
When we sold our flat in 2004 there was a Statutory Notice outstanding from 2003 so we agreed with the new owners we would leave £750 to cover repairs. I now know that this Statutory Notice is still outstanding. The council will be dealing with repairs in the next couple of months. I also know since this Statutory Notice…
-
Buyer getting survey done even though I haven't found a house
I specifically told my agent to advise my buyer that as I do not have a house to buy yet, not to start getting surveys etc. So 10 days after accepting his offer, I get a phone call from the surveyor wanting to do the survey. :confused: Again asked the estate agent if my buyer understands I don't have a house to buy as yet.…
-
Bad surveryor
We had a survey on our house which took all of five minutes and he never asked one question. In his report we later found that he had assumed there had been a wall at the end of our garage and we had taken it down at some time, the garage is attached to the side of the house. When the garage was built like a lot of the…
-
house buying and my offer
Hi, started looking for a new home 4-5 weeks back and have seen one that we both like just down the road. called and put in an offer some 15k less than asking. my house went on the market about 3 days ago. called the EA for an update but she said the offer had been declined- too low, so i advised i could revise the offer.…
-
Co-habiting couple split up, joint everything! Advice please!
Co-habiting couple, we've split up. We have a joint mortgage, bank account everthing. She is sill living in there I am at my mothers (bless her) I've told her *I'll continue to pay the half the mortgage (and my other responsibilities) unitil the house is sold *Will pay half the bills up until she threw me out Cant say…
-
Puzzling goings on
This morning, when I did my usual check of new listings in Bingley, Keighley and Shipley, I found a lot. That's unusual, but what is really strange is that most of them had been listed by Jump in Armley (not a local agency). One of the houses has been advertised before by a Bingley agency, but all the others are genuinely…
-
New buildings guarantee on conversions
Hi all, I am in the process of trying to sell my flat, which is a top floor flat built (as an entirely new level) on top of an old building (also converted into flats) in 2000. The buyers solicitor is saying that this is classified as a new build and not a conversion, and hence a new buildings guarantee (NHBC) or…
-
buying council house previously bankrupt
Hi I was wondering if anyone can shed any light on this for me. I was made bankrupt in dec 1999. Ive since built up a reasonably good credit rating and decided to buy my council house, however, I was told my council tax was in arrears but i knew it was clear and phoned the council to make sure and yes it was all up to…
-
After some advice
Hope ive come to right place...please move or remove if i havnt. Im 23,and my partner is 24, We are currently living in a tiny housing association flat and recieving housing benefit as i am long term ill and recieving benefits....We are looking to move to a 2 bedroom house thats approx £450 a month...We realise we wont get…
-
Would an EA want their commission?
This is the scenario: You have seen a property advertised privately on houseladder. Have not contacted the owner as you havn't sold yet. you accept an offer on your property and have a look on RM to see what's about. The said property is for sale with an agent and you have a look at the details. You are also registered…
-
Tenants late with rent, again.
Last month my tenants were late paying their rent (the prevous 6 months were paid in advance). They also failed to return the new AST I sent them. Following advice on here I hand delivered a letter offering them a grace period before penalty and the rent was paid on the last day of this period. No contract returned. This…
-
where does stamp duty start?
Im buying my parents house, its worth £150000, but will sell to me for £120000. Am i right that stamp duty is only above £125000? Will we be treated as evading tax? We are not they are just selling to me as a favour and it means they wont have to use an estate agent and can stay in the house till they find somewhere they…
-
CGT Changes
taper relief abolished in favour of an 18% flat rate. What do the landlords on this forum think?
-
Solicitor overpaid us - advice welcome (Sorry it's long winded)
A few months ago we sold our UK home and emigrated to Canada. The solicitor we had used before had moved cities so on the advice of our agent, we used their national firm of solictors (which turned out to be a flaming nightmare). The solicitors lost our paperwork, never returned calls, made a mistake concerning planning…
-
Should damp have been picked up in survey
Hi Everyone I need some help it appears that I have damp in my kitchen at ground level there is bulding near our french doors. Now it was here when I first moved in and has not gone away. Should this have been picekd up by the building survey? If not would this be covered by buildings insruance who owns my freehold at the…
-
help, solicitor just contacted me on my house sale - planning application problem
we sold and moved out of our house about three weeks ago, and everything went fine, just took a phone call from our solicitor stating that our buyers are distraught because they have now found out that there is a planning application on house which is at the end of the road we lived on. we signed the form from the buyers…
-
Buying my parents flat
My mother has to sell her home as she needs to move into a council property which suits her needs with regards to her declining health (she has been in a care home in the meantime) and has been told her assets much pay for her care, she was not able to afford her own property as her flat is only worth £60,000 and most…
-
Any advice?
Hi Just after some advice and peoples thoughts. We have had our flat on the market for nearly 7 months now with the same EA. We accepted an offer very early on but this fell through as the buyers wanted to rent it out and this wasnt allowed by the management company. The EA knew this but didnt let the buyer know, so it…
-
The Costs of Buying & Selling
Hi all We are in the process of buying/selling and just wanted to sense check that I have captured all the potential costs we will incur in the sale/purchase/move. I'd be grateful if you please check my thinking and/or advise on anything I've overlooked/not clearly explained? Estate Agents fees - 1%+VAT HIP (Paid) - £382…
