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Looking at a Plan B (is this feasible?)
At the moment I'm in the process of purchasing a new build home, however my buyers haven't had their mortgage approved yet, its been about 4 weeks since they put an offer on my property and despite my chasing with the Estate Agents, they still have no survey agreed or a formal offer from their mortgage provider Natwest.…
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Havent got all keys...what next?
We completed start of June, I picked up keys and thought it was strange there were only 2 but there were 2 front door keys in the property. There was no spare back door key or garage key. I rang EA that day, he said he would contact vendor. Few days later we received letter from vendor saying he was for fixing broken…
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Enviroment Search - nr to Landfill
Hi, Im hoping someone can advise. Ive had my enviromental search come back for my property purchase & it states that the contaminated land assesment has come back saying further assessment is needed. The property im buying is next to an old railway line & the map shows a small section has been used for landfill. The…
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House transfer
My parent own a property worth £400,000. On gifting the property to me, am I or her liable for SDLT? Also, is there any way of mitigating against the 7 year rule? thanks
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House Purchase - disturbed asbestos - price negotiation
Hi, We are purchasing a house that was marketed as "requiring a new flue". The boiler is old and the flue had started to corrode. We have offered £145,000 with £1000 cash-back from the vendor for us to replace the heating system. Our Surveyor has reported that the flue is made from asbestos that has deteriorated so badly…
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Renting - Any negotiating?
Hi All, Well, my search for the perfect house is over. I've given up. So I thought I'd rent instead! I've seen a house I think would be suitable on at £1550 per month. Does it work like buying a house where you see the for sale price and then make your own figure up and offer another price? If so, what would be a good…
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Questions on Selling the current house and buying a bigger house
Hi There! I am currently in a tricky situation, and need expert advice! Situation - We (me and my husband) bought a new townhouse in 2007 for 500,000$ with 5% down payment (~25000$) with 30 yr fixed loan term (Mortgage/month ~ 3200). We bought the house thinking that the amount we pay for rent at a nice neighborhood for an…
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Help w/rented flat - when can I be kicked out?
Having moved in on 25th July 2009, I have lived in my wonderful flat for nearly two years, paying £625pcm for the privilege. Every 12 months the contract is renewed and I pay £90 for that. Two weeks ago I signed and paid for a new 12 month contract with a rent increase to £650, from 25th July 2011. It stated the earliest…
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Former landlord being difficult
Hi all, hope you can help. I recently moved out of a flat where I had lived for 2 years. The flat was a bit of a nightmare (in that the boiler broke down and we were without proper hot water for six months as they were so slow getting it sorted, the electrics were terrible and the bulbs continually blew, there were a…
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Buying the "in-laws" half of a house
Hi, My fiancee and I have recently moved into a house that is owned 50% by her and 50% by her parents. They bought the house for £81,000 (£75,000 for house and £6,000 for some work) 6 years ago and have been renting it out until last month when we moved in. The mortgage is an interest only mortgage and the approximate…
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Are storage heaters a problem for rental
Hi everyone, I am considering buying a house for rental. Found a great little house, but the only disadvantage I can see with it is that it only has storage heaters. As someone new to the rental game, I am not sure if this would put potential tenants off. There is a gas supply up to the house (currently capped off) - so…
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Part Buy- Part Rent
What do you guys think of Part Buy - Part Rent schemes? Is this something a first-time buyer should be looking at, if it is available?
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Help - tennant not paying rent!
We currently have a tennant in a rental property who is not paying her rent. Other than the initial payment, she has not paid until she slips 2 months in arrears, and then pays 1 month (sometimes in part payments). Having taken the tennancy out in February, we are currently missing one payment, with the next month's…
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What can we expect to pay back?
Hi, We took out a £180K mortgage in Jan 2005 (business mortgage over 15 years) our repayments are 1800 per month and we have not reduced our payments when the interest rates changed, what I was wondering was if anyone knew roughly about how much we would have to repay if we sold now. Thanks for any help.
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"Downstairs" bathroom
Hi All I posted on here a few weeks ago about a house me and my partner were considering putting an offer on, the yard backed onto the back of a takeaway... well as we wernt too sure we tried to book a second viewing to be told an offer had been put in by another couple...possibly a blessing in disguise?? Anyway weve found…
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survey back - work needed, but seller not prepared to negotiate
Hi I've had an offer accepted and survey has come back OK but with a few problem areas. Roof - needs work to damaged slates, batons, chimney stacks. Dry rot/damp - nothing major but isolated areas need attention. Electrics - work to upgrade fusebox/some sockets. The total cost for this is about £2500 but obviously does not…
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Advice please, sell or rent out???
Hi guys, would really appreciate your views. When I ask my friends and family it just goes over their heads!! Just to give you some background Bought our first house in Manchester for 137K in June 2007 (Ouch, I know). My husband got a job in West Mids shortly after and has been working between two locations for years. We…
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Can I act as the factor?
Hi I need a bit of advice. I have recently moved into a Victorian Cottage Flat (basically 3 in a block flats). I own my flat and the downstairs flat is also owned. The 3rd smaller, bedsit flat is rented. The exterior stairs are in desperate need of repair and normally I would just attempt this myself however with 3 of us…
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We got an offer!
:j:j:j:j:j:j:j:j:j:j So, now that I've got over the initial excitement I'm going to remain calm as there's a chain involved which obviously is not ideal but still... we got an offer!!! :T
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Lease Extension - should I challenge the cost?
Hi all, I'm in a rather sticky situation and wonder if anyone might be able to assist? I need to extend my lease which is currently at 62 years ( I know, it's not good). Anyhow, the freeholder is stating £14,500 plus all the associated legal costs which is a scary figure. The flats' committee have sought independent advice…
