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BTL / HMO companies...dodgy?
Ive seen a few companies offering investments in Buy to Let properties that are HMOs - I guess usually student houses. They offer good returns and they manage your property, plus you own the freehold....so whats the catch? Does anyone have experience in these schemes - anecdotal or actual, just wondering! thx
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Stamp Duty - Signing over to spouse
Wife and I are divorcing and had 3 properties in joint names. We have an agreement in principle to split properties/equities as below although not yet divorced so don't have consent order. All perfectly amicable so expect no problems. Property 1 sold today with 100K equity; I've taken 22K and she 78K and she leaves my…
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Wasps Nest in Cavity Wall?
In the last few hours i've seen a couple of wasps crawl in to the gap to the left of this red device. Not seen any come out, but then not really been watching intently or anything. My partners thinks there's a possibility there is a nest in the wall cavity.... should we be concerned? This is new to me, never really had to…
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First time buyer moving
Hi im a first time buyer moving into my house next weekend. Just wondered if anyone has any tips and when i should organise bills, council tax etc.
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Right to buy Stamp Duty etc
I am advising my daughter on a Council house purchase which the Council is doing under the Housing Act 1985. Basically there is no problem with the documentation provided and the Draft Transfer needs no alterations. My daughter has the option of providing two properly bound engrosments or the Council will provide the same…
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Is it possible to have two mortgages
Hi, Just looking for a bit of advice on mortgages really thought this will be best place to ask ;) . I was a first time buyer two years ago when I bought a 2 bed house it was a good stepping stone for me and my wife. Now that my family is growing with a new baby boy on the way next month my house is a bit small as I…
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Moving overseas..Sell home, buy smaller and rent
I am moving overseas for 3-6 years with work. Not sure what to do with my house. Should I rent it out and slowly pay off some of the mortgage or should I sell it. If I sold it I would look to buy a smaller property mortgage free and then rent that out. We are not sure we want to move back into our current house. Anyone got…
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Can I find out what the other freeholders paid for the freehold?
So, I am an owner of a leasehold flat in London which is in a Victorian conversion with four other flats. Just before I bought the flat, the other flat-owners bought the freehold. My seller wasn't involved and it was a mildly complicated purchase without going down the route of becoming a freeholder at the time. With the…
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House Buying - STUC acronym
Hi, I have seen in the descriptions of many property listing the acronym "STUC", this appears to be in relation to extensions/planning. For example: "The Property offers much potential for an extension (STUC)" or "Potential To Extend (STUC)". Does anybody know what this acronym stands for? Thanks in advance. Mills303
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Buying a house we thought was freehold, but is leesehold
Hello all, We are in the process of buying a property in Southampton, it is a 3 bed semi, we have had the valuation carried out on it and this is based on the property being freehold - as we believed it was. Yesterday we received the contract from the vendors solicitor and found out that the property is, in fact,…
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Third property tax calculation help!
Hi, i've come to selling a house that I've had for around 20 years. The final sale price is £80,000 and I need some help on whether I will be taxed on the property. The house has been sold for £80,000 The mortgage was for £30,000 for 25years During the 25 year mortgage I paid £300pm for 15 years (10 years left on the…
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Deposit return
Hi everyone, I have problem with my previous agency. I moved out on 16/05/13 from my previous flat. They written to me that they have got time to 31/05/13 to inform me about any deductions from deposit. I received email 4 days later (so on 04/06/13) about deductions. I replied to them that I do not agree with those…
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House selling blues
Hi there, I’m a new poster and in need of some general advice. In a nutshell, I have inherited the property that I’veresided in for the past 28 years through the death of my mother and father. There is no mortgage on theproperty. Initially I had thought aboutretaining the property and applying for a mortgage to purchase…
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Please feel free to let me know if I am being unreasonable...
Just need a bit of a rant. Our solicitor is really starting to P me off. At first (before we instructed him) he was great, answered any questions, provided lots of info on the process of purchasing a house. But the last couple of weeks have just been....bleurgh. He has just disappeared!!! Out of office message is…
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Charles Church & Persimmon Homes
There hasn't been much on any website recently in regards to problems with Charles Church and Persimmon, do I take it that their customer service and build standards have improved?
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Advice on rental payment up front – LA asking for too much?
Will try & explain our situation clearly. We moved in to rented accommodation in January this year, we are looking to buy in the area and wanted to make sure we liked it first. We signed a year’s tenancy agreement with a break clause after 6 months to give 2 months’ notice at any time. As we are not working andour rent was…
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120 deposit returned even tho unreturnable
hi can anyone help, i found a property a wanted to rent, filled in forms took in £120 'unrefundable deposit' on tuesday to secure the property while references obtained, last night received a call 'sorry cannot move you into blah blah property, please come and collect your £120 and bank statements' - no reason i doesnt…
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buying advice when people go into care
Hi, we've been looking for a house for a good few months, and the areas that we are looking at tend to typically yield properties being sold on behalf of the owners by family members- either deceased parties or people who have gone into care and the family are dealing with the estate on their behalf. The latest house we've…
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Should I agree to be rent guarantor for my dad?
My dad and sister are looking to rent a new place together. My mum has just had to go into a care home and my dad is so lonely on his own. They both rent separately at the moment. Dad is 89, has approx £120k in savings, but this has been split now so that half is available to pay mums care home fees. The y sold the family…
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Length of time on market
How would you deal with a property you wanted that had only been on the market a week, with a couple of viewings as far as you know? One property has been on for a fixed price for 9 months, and our limit would be 5% less than this fixed price, hoping to get it for less. Another, cheaper, property has been on the market for…
