-
Renting a house, then buying it - anyone done it?
Hi all, This might sound like a really odd question but has anyone ever, or know of anyone who has, rented a house, then bought it? I have a deposit for a house but cannot buy until next year. Myself and my partner looked around a house near us before Easter that was for sale, just to see what it was like and I really…
-
Completion Statement changes
Hello, I would be grateful of any assistance anyone could give me with this matter as my solicitor is proving vague to say the least. The situation being is that I have just exchanged on a new build property and on the morning of the exchange a completion statement was sent to my solicitor from the house builder stating…
-
Splitting house proceeds
Hi, I have a problem and need some advice! 15 years ago my dad bought a flat in my name. My sisters lived in it, as did I...then I moved to London but as it was in my name I could never get another mortgage - even on 80K salary in London, i couldnt get a decent flat. Eventually, sick of renting at 1k per month, I came…
-
Renring - Broken shower clip. fair wear and tear.
Hi there. I hope someone can advise me. I rent a property where a small plastic clip securing the shower to the wall has broken. I've no idea how it happened as I think I was actually out when it happened! This has caused the shower unit to drop by half an inch and caused some of the housing where the shower pole goes into…
-
Can a buyer pay sellers estate agent and solicitor fees to get around stamp duty?
Hi, We've had an offer on our house for £250k plus they'll pay all our fees (estate agent fees, solicitor fees, etc). I presume they are offering like this to get around the stamp duty threshold. Is that legal? I wouldn't have thought so. If they are paying fees that we would normally pay, is that really any different to…
-
LVT for lease extension - has anyone ever gone it alone?
Hi all, My lease extension is now having to go through LVT due to negotation breakdown and I fully understand that the sensible thing is to employ professionals to do the LVT work, but I was interested in hearing if anyone here had gone it alone and done the LVT paperwork and attended the tribunal themselves and, if so,…
-
Furnishings
Good morning everyone :) My partner and I are moving into our second rented home together in a couple of months. It's much nicer and bigger than our current property but the same price, very exciting! Anyway, the furnishing is currently 'undecided' which is fine with us as we have a part furnished flat at the mo. They have…
-
First time seller - Did not imagine it could involve this sort of hassle
So we put our house on the market 3 weeks ago, EA took photos and house was put on all relevant websites + local paper adverts. Our house is a 3 bed (1984) semi in a desirable family type neighborhood, close to the 2nd best school in the town (outstanding Ofsted), amenities and surgery. We moved in literally a year ago to…
-
New home purchase and credit check via Halifax
We have seen a house we want to buy, having recently moved into rented accommodation after completing on our previous house sale. I rang the halifax yesterday to get an offer in principle so we can put in an offer etc and start the ball rolling. Unfortunately they declined us and my main assumption it is due to not being…
-
Possible/Best way to buy this house?
Seen a house at £300,000 which needs at least £25,000 spending on it. There is massive interest so will sell at the asking price and will therefore attract the 3% stamp duty. How would you use your finances/mortgage to buy it? Have £220,000 in savings and a property with £125,000 equity in it which can be rented or sold.…
-
So disappointed, is this normal?
We recently went to view a property and expressed a lot of interest. We booked a second viewing and asked to be kept aware of any offers (there were none at the time). Whilst this was taking place we had a mortgage application going through. We were extremely disappointed that 2 days before our second viewing we were…
-
Full time student, with permanent employment. Reference checks
Hi, I have searched this question on the site but not found a similar thread so thought I would ask the question. I'm a full time university student coming to the end of the first of three years study. I currently live with my partner in her parents house and have done for the past six years. Unfortunately our relationship…
-
When can LL go to guarantor for rent?
Hi, I wonder if anyone could answer a question for me? If a tenant is late with rent, how soon can the landlord go to the guarantor to ask them to pay? Thanks
-
Selling house - fixes before moving out
So our legal documents came through stating any damage when leaving the property of sale needs to be fixed. So my thinking is if walls are dented when moving furniture. Fine, I agree on that. But if its marks, dents to plaster boards its a lot to do in day of moving out and buyers moving in, so what's best way to sort…
-
Moving home, gas, electric, water, phone etc. questions
So I can see from current suppliers British gas, sky, bt there are forms to fill in for move of address. 1. What happens with final bill. Does it end the day we move as we instruct and make sure I take meter reading for gas and electric? 2. If I move sky tv and BT phone, do I get locked into a contract again as I'm out of…
-
Would inheritance tax apply if you lived in home address all your life?
If you've only lived at one permanent address all your life, ie parents home and when the time comes when they aren't about, will you be instructed for inheritance tax. I know someone in this scenario, think the house is paid off already by parents, but they pay little in the way of any up keep or bills ie don't think…
-
Mortgage advise
Mortgage advise I own my property outright, I intend to let this house and buy another with the help of a mortgage to live in. Should I just get a new mortgage on the new house or release equity from the house that I own and intend to rent out? I am confused over tax relief Thanks in advance Last edited by Cats are great
-
Put in an offer - agent tells me higher offer has been made, but won't tell how much?
Dear all I offered for a flat this morning, and had a call from the agent in the afternoon, telling me that the vendor has received another offer that was higher. I asked him to tell me what that offer was but he refused to divulge, claiming that it was "against the law". I struggle to believe that...and do not want to…
-
B&B Commercial Leasehold - Finances Help
Hi, My soon to be wife and I are interested in taking on a B&B leasehold business in Lake District as a complete life and career change. The major stumbling block are finances. The leaseholds we have seen range from £160k-200K but having read many websites including the banks own info pages, I'm pretty sure getting a big…
-
Mortgages
Hello everyone I hope someone can guide me on this. My question is a bit weird maybe and I apologise in advance if it comes out as too stupid but I genuinely need some advice on this. There's a house that I'm looking to buy and the price of it is around £100k. Now I don't have that amount at the moment; I have around 10k…
