-
Shared Ownership Scam!
I bought 25% of a flat from Bromford homes. They have increased my rent from £320/month to £420 month in 4 years, over 30%. They tell me this is because there is a clause in the small print of the lease that allows them to raise rents by inflation + 2%. Clearly this is unsustainable to anyone for a long period time as it…
-
new to the student letting market - where to advertise?
I've been renting to professionals via rightmove for many years. Its currently empty so I want to try the student market now and wondered where best to advertise for student lettings? My house is close to the local Uni (about 10 mins walk) and I know students rent in this area, but its not a 'premium' student lettings area…
-
Is this a good investment purchase?
I am thinking of buying a two bedroom leasehold flat which is a relatively low price due to the lease having 63 years left to run. The figures I have worked out are: Property price £135,000 Deposit £27,000 Mortgage £108,000 (repayment to compensate for the expiring lease) £630 a month @ 5% (possibly can get a lower rate,…
-
Home Buyers Survey Problems
Hi We had Connells do our survey and for us back in July and we moved into the house in October. Shortly after moving in we found out that the flat roof on the garage was shot and has been for some time and is going to cost between £2-4k to get replaced as it is a big garage. The homebuyers report said is was a condition 1…
-
Making my first ever offer
I am about to make my first ever offer on a house and want to make sure I have everything ready should they accept it. In terms of deposit, that is in place and I have a letter from my bank stating how much they would be willing to lend me. I currently haven't chosen a solicitor or spoken to a whole of market mortgage…
-
Grassed area new build estate
Hi, We are considering a new purchase and have been told that all 30 residents in the estate will have to pay £154 a year for the up keep of the main grassed area in the centre of the estate. Is this normal, do I have to pay ? I'd definitely want to see the contract before signing not sure what over £4.5k a year will get us
-
Just Curious
A while back, one of our neighbours had some clipboard carrying people come round. Not long after they removed the front of their side extension and put garage doors on, as it would have been originally. The house went up for sale but no board went up. They then disappeared off a couple of time in suits (not their usual…
-
Restrictive_Covenants - Please advise
Hello All, I am in process of buying a house and my solicitor has advised that this house have restrictive covenants applied dated May'1932. The scan copy of land registry lines for the one which are looking troublesome to me - https://dl.dropboxusercontent.com/u/80986417/Restrictive-Covenants.jpg Could you please have a…
-
Personal vs Local Authority searches?
Hi all, Am buying a flat and need to choose between a personal and a local authority searches. What are the benefits and drawbacks of each? Thanks!
-
Help to Buy Equity Loan Nightmare
Hi all, I'm a long time lurker, first time poster, so I'm really hoping somebody could offer some insight into quite a rare situation (judging by the lack of literature on the internet) that I have stumbled into! :o I was due to complete on a house purchase on Friday but it has turned into a bit of a nightmare. I am going…
-
Do I take LL or EA to small claims court? Or neither?!
I'm just after a bit of advice please! I'll try and be brief, thank you so much for reading! This was a fully managed property by the way, so I have not dealt with the LL directly at all. I moved into a flat in April, and before I signed the lease I made the agents double / triple check it would be a long term let as I had…
-
To buy or not to buy a Reposession??
There's a flat I like which is going at quite a cheap rate as it's a repossesion. It was initially advertised at £115k and now an offer has been accepted by a third party at £125k. I want to put an offer in on this flat. What is the general thinking around buying a reposession? What offer do you think I should put in? What…
-
fed up of asking for contract pack!
Hi I am just too stressed about buying a house. Its now getting me down quite a lot. Attempt 2 at buying a house, all is in place mortgage, solicitor ready to go... but its been 3 weeks since offer accepted and we still have not got the contract pack yet therefore no searches have been done. I have been chasing everyday…
-
What to do?
Ive been renting the property I'm in now for 18 months (renewal due) however i want to stay in the property but the LL doesn't want to fix any of the problems with the house, Shed falling apart, alarm stopped working, water leaks, widows rotting the list goes on. Now the problem is they (LL and EA) want me to sign a new…
-
Barriers to marketing your own property?
Hi all, I've been holding my property in London for 5 years and thinking about selling it. I'm a first time seller, so new to the process. I'm interested to know, what are the barriers and concerns to marketing your own property to sell it? I tend to be quite an involved person - so I don't like the idea of being dependent…
-
Do I need to tell buyers of new roof repairs before exchange of contract?
Hi, would be grateful for some advice ASAP please! I am in middle of selling my flat (share of freehold) and buying another property. We have not yet exchanged contracts. All forms and lease holders pack have been sent to my buyers solicitor (some weeks ago ago) which advised no buildings works were due to be carried out.…
-
lowest rent
hello which areas in UK (incl. Scotland, Wales, Northern Ireland) have the cheapest rents for a studio/1-bed-flat-or-house? thanks!
-
Tenants in Common - need for deed of trust ?
Hello all My boyfriend and I have just bought a new build house and are to exchange contracts next week. We are using the builder's conveyancer who in my opinion is useless in term of legal advice. My friend who works in conveyancing is advising me to have a deed of trust drafted as I am contributing 58% and my partner…
-
Service charge for support scheme
My friend lives in a 1 bedroomed bungalow rented from a Housing Trust. the property is considered 'sheltered housing' based I believe on the fact that many years ago there was a warden employed and living on site. There no longer is anyone in this capacity. He has just received notification that there is to be a levy of…
-
Private Sales
Hi all I have posted on here a few times over recent months. Myself and my OH took advice from this website and posted letters through people's doors in a particular area we liked about 6 months ago and got a response from someone in our ideal location stating that they would like to sell in the next 12 months. This was…
