House buying, renting & selling

Discussion List

• Breach of contract

  I have a landlord who agreed in contract to sell us a house by this May. We were expected to pay for an appraisal which would determine the purchase price. Since the housing market has plummetted, he has balked and is now insisting we pay a significantly higher price than it would be appraised for. His purchase price is…

• Does it have to be a BTL mortgage?

  Hi, we have a house and its valued at £180,000, the mortgage is £45,000 with about 8/9 yrs left on it paying about £550 pm. We are thinking of using the capital in the house via a re-mortgage to buy a cheaper house to live in and rent out our current house as this would probably generate more income. So, I guess what I'm…

• Should we take the plunge??

  We are keen to move house but are having no luck in selling our house. We have paid the mortgage on our existing house and the new house is likely to be in region of 350 - 375k. We will be able to put down a deposit of at least 100k (we have some ISAs that we will not touch), are hoping to rent our house out, and each…

• another rant ...

  hi, My LL brought a tv engineer around earlier this week to quote for a aerial splitter for my room. I have posted about it before. I'm the only one in the house who cant get a decent picture on my tv. The quote was £55, my LL has many other houses all organised in a similar way (houseshare/mainly workers etc). I hoped he…

• New Build Property And Capital Gains Tax

  Hi - I am building a new house - plot purchased two years ago - half way through build. Own property which I own and live in is on the market but has not sold as yet - did not anticipate this a year ago. Does anyone know the position with capital gains tax. I intend to sell the house I am living in to move and live in…

• The End of a tenacy

  My friend moved into a rented property on August 13th 2008 it was a 6 months short assured tenacy ~ she is planning on moving out at the end of the 6 months am I right in thinking if she moves out on or before 12th of feb she doesn't need to give notice? thanks in advance

• Frozen Pipes

  Any advice please. A tenant called me today to say she had no water. I went through a few things on the phone with her but came to the conclusion it was frozen pipes. I had a maintenance guy round within less than 5 minutes and it was frozen pipes. I don't own this house, it belongs to a friend and without going into the…

• Rented flat being repossessed

  We rent a one-bed flat and have received a letter from a solicitor's firm today stating that an order of possession has been made in favour of our landlord's mortgage lender, and the solicitors will be applying to court for enforcement. We will receive the date of eviction 'in due course'. Our landlord is not answering our…

• Should I sell flat or put on rent?

  I bought a second property - a 1 bedroom flat as an investment in 2000, paying £67500. I have spent a lot of money on it over the years ( double glazing, boiler, kitchen, bathroom etc). I decided to sell it last march. As the lease had fallen to 76 years i had to renew it which cost £7000 + fees. Since then - as we all…

• any advice on taking on a lodger

  Hello, we are considering taking in a lodger to help increase our income (see my other thread on DFW board) its not something we have ever looked into so does any one have any advice?? i believe that i have to checkwiht my mortgage lender and house insurance as to whether i can even have a lodger?? the room we would be…

• Do you think I am right?

  Hi, OH came home the other night to say he wants to buy another property. We already have a mortgage bought property in July 2005 for £250,000, put down £100000 mortgage, had first 2 years as interest only, and last summer changed to repayment. I dont know the actual interest rate we are paying because OH deals with this.…

• New build advice pls!

  I posted on this board a good few months back and the majority of advice given to me then was NOT TO BUY so we backed off but here I am again! We will be letting our current proeprty out when we decide to move so don't have a property to sell. We are looking at buying a 5-bed new build by George Wimpey. Original prices for…

• Mychoice Homebuy property approval

  Does anyone know if Tower Homes are likely not to approve a property under the MyChoice Homebuy scheme if it is 'share of freehold'?

• Help - Desparate Cash Buyer has nothing to buy!

  We managed to sell our house just beford Christmas 2007 - extremely stressful as we had no communication from our buyer until 2 days before he wanted to Exchange and Complete on the same day (incidentally, 5 days before Christmas!) To make sure the sale went through we agreed a last minute drop in price, threw away stacks…

• Would you want to buy a house with this outside or nearby?

  NOW IT'S ONE BIN FOR EVERY 40 HOUSES How the hell are pensioners or people with disabilities going to go on lugging their bags of rubbish down the street? There is going to be lots of rubbish down the street if bags split and judging by the way a lot of our society behave ie litter droppers the're not going to go back and…

• Which is the best type of property

  When the time comes to downsize even more. What properties would you consider for purely economic reasons ie, warmth,low maintainance etc. At present we live in a post war GF Flat which has double glazing and central heating but is still very cold. I think the chimney causes a lot of draught even though there is a gas fire…

• Good price for finding a tenant???

  Hi all I have just had Andrews Estate Agents round to value my property for renting. They have advised I can expect £950-£1000 per month in rent. If I dont want them to manage the property except when the tenancy is due to expire they want to charge me £675 + VAT for finding a tenant for 12 months. I can then pay an…

• Should I complain about broken gate?

  Hi Everyone, I own 75% of my flat with a housing assosiation and we have to pay a service charge of £100 a month. I am in about 3 months worth of arrears which they are aware of and they have agreed that I can pay them back at a rate of £150 a month to pay it up to date and eventually I will need to pay until I am 3 months…

• Should I transfer homeowners insurance into my name

  I have just inherited my Mother's house and was wondering if it would be best to transfer her buildings insurance into my name or cancel it and take out my own.

• Upping the mortgage available

  How many months wage slips do banks like to see when giving mortgages? Currently I am studying and will be next year too, and the repayments of a £120k mortgage wouldn't be a problem, but they won't give that on my partners wage alone....so I'm thinking, full time job in summer, get mortgage then, quit job, keep up uni and…