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Title Insurance do we need it.....
We are about to sign the contracts and just wanted advice on some insurance that our solicitors have recommended. They have said it will cost about £200 - one off payment (Property worth 240k) and will cover us if there are any unforeseen defects in title (ie Fraud, seller not legal owner, Missing title info, boundary…
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Renting - replacement of damaged White Goods
I have just received a letter from my Letting Agent advising that there are inserting a new clause into all rental agreements - that the white goods are left by the landlords as a goodwill gesture and any damaged white goods that need fixed or replaced is up to the tenant to pay for. Anyone any views on this? I was always…
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FTB - what order to do things in?
Potential first time buyer here, looking for advice on what order to do things in in terms of buying a house in Scotland. My dad advised me to get a mortgage sorted, then go about making offers on houses as and when. A mortgage broker advised me that as mortgage deals are pulled frequently, I should make an offer on a…
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Lease hold extension crazy situation
I have a 99 year lease with 59 years remaining. I am now selling the flat (I do not live in it, it is rented out). I have a great cash offer but the buyer wants the lease extended, in fact the buyer is a lawyer who is doing his own conveyancing. The freehold is owned by a company of which the leaseholders are each 1/4…
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Buy to let question
I am thinking of buying a 3 bed house and converting it in 4 studios. Each studio would have its own kitchenette and bathroom. There would only be one gas/electricity meter with central heating etc. shared between all 4 dwellings. Would the property still be considered one house for council tax, TV licence, internet etc.…
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Chief rent question
Hello, Just a quick question regarding Chief rent. After reading the Rentcharges Act 1977, I understand that all chief rents should be extinguished in 2037 (60 years from the act), my rent-owner tells me this is not the case which I do not believe. I have the conveyance which shows it is definitely "chief rent". The 1977…
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Buying your first stuff
Hi all, Second thread started today by me, but I am starting to think about when we do eventually have a bid accepted and complete, we will have an awful lot of stuff to buy! I know that I can start threads in other areas of the forum on general items (which I may also do) but I thought I would post here too about how…
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Online Estate Agents - Help
Hi All, Just about to put our house on the market & really seriously considering using an online estate agent such as House Network as the savings are too much to ignore. I've seen the reviews of House Network - Probably going with these guys - they seem pretty good. Anybody got any experience of any other online agents?…
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Renting and visitors?
Hi, I was recently going to rent a property. However, I mentioned off-hand that my boyfriend lived 2 minutes away with his parents, and the conversation veered towards how often he would be around. Is this normal? I would have expected that he'd have been round fairly often.. I have a few questions. Is it 'against' the law…
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Agent Served S21 At Start of Tenancy
I was just after some advice about this as I am new to renting so not really sure if I have anything to worry about or not. Basically, the moment we handed over our signed Tenancy Agreement and got the keys, the agent then handed us a Section 21 to sign. They explained not to worry and it was just a standard procedure in…
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Tax on letting
Hello, I am thinking about letting out my property and buying another. My husband and I have paid off the mortgage on the property we'd be letting. We would let to a friend for £600 a month (credit checked etc). We would be taking out an interest only mortgage on the new house for £600 per month. The idea is that it would…
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Made the bid- nerves are in!
Hi everyone, I wanted to know people's opinions on our current bidding situation. Basically, this is the 4th house we are making a bid on, and we're pleased the others didnt come through now because if we're honest, this one is the only one where we've felt it really is the one for us. The house is up for £230k-250k, and…
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£2000 ready to invest?
im after some advice, i have around £2000 spare and i wonder weather to pay £2000 straight of my old property which i rent out or do i go for new windows and doors through out. the house is a terraced house the state of the windows are about ten years old but are not in too bad nick and the doors are about 6 years old but…
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negotiating down on house we're buying when new, lower offer accepted on our flat
Hi there, wondered if anyone can give us any advice. Our flat went on market in feb- we got full asking price from ftb in 2 days. Had offer accepted on dream house at full asking price (bidding against another buyer - found out since, this was a real, not made up fictitious one) Survey etc took place on both properties -…
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bad credit record?
under what circumstances would i get a bad credit record?would i have to have a ccj or iva or bankruptcy,or could it simply be as a result of slow or erratic payment? i am seriously considering not paying my last month's rent as we have had horrendous problems with the landlord and are parting on very bad terms,leading me…
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**Letting agency charging for items/cleaning that is not required out of my deposit!*
Hi All, **SCOTTISH LAW** Long term lurker, not much poster! Have moved out of rented flat and back in with my parents, letting agency is trying to charge me for 'professional cleaning services' to gut the flat from top to bottom. On top of this, charge for things that were not in the flat when I moved in - which I clearly…
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Do I have to pay Capital Gains Tax ??
My wife and I both owned our own houses before we got married (nearly five years ago). When we got married, I moved into my wifes house, and informally let out my house to a friend (who paid me some rent, but not with a formal agreement or anything written down). Both houses are still only in one persons name. My wife and…
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Tenancy Guarantee agreements
Until recently, my understanding was that a guarantee agreement had to be Executed as a Deed and witnessed as such. The legal logic for this, I understood, was that the agreement was between landlord and Guarantor, and that since there was no ‘consideration’ ( the guarantor receives nothing from the LL) it could not be a…
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northern rock together mortgage query
Hi I currently own a 2 bed tce took mortgage out about 12 years ago and got a together mortgage from northern rock is 50,000 and 22,000 unsecured loan which i stupidly took out as a 1st time young buyer. Anyway 12 year later I now have a family and would ideally like a house bigger the house was up for 80,000 reduced to…
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House Swapping
Good Evening, I own a property which i am finding hard to sell, is it possible to swap properties, does such a concept even exist? Google just comes up with Counci house to Council house swap, my property is not a council house and has no mortagage. Any ideas?
