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drop out of chain to rent - consquences
I am in a chain of 4 and I have signed to sell my house. There appear to be problems with the house that I was to purchase and we were all to move on the 17th. These problems may hold things up for a considerable time with the result that my buyer might walk away. What are the consequences for me if I decide to rent a…
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Draft contract stage
Hi everyone, Trying to work out a time frame here, but my solicitor is not working this week, so really grateful for any advice here please. Currently 6 weeks since my offer was accepted. My solicitor should have received the draft contract from the vendor's side on 16th Dec. How long is reasonable for me to receive the…
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Buying parent housing association home on a right to buy discount
Hi thinking of buying my mums housing association home on a right to buy discount. Just wondering if anyone has done this and if they are aware of any pitfalls. My mum pays no rent at the moment, housing benefit pays the rent direct to the housing association, also no council tax. Would I be able to set a rent for my mum…
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I want to purchase a flat on the 15floor -
I want to purchase my flat on the 15 th floor - could anyone recommend a lender, it is a right to buy I have lived there since 97, some of the high street banks are reluctant to lend
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How much can I realistically borrow/afford?
Hello everyone. I'm a first time buyer. Unfortunately I live in the south where houses are expensive. I'm trying to work out how much I should borrow for a house purchase. Obviously I would have to consider the monthly repayments etc. and also interest rates at historic lows. I earn about 38,000 per year, but I take home…
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Buying house off husband
Advice has been given
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Fence ownership issues
Once again I'm afraid we need to call upon the advice of the MSE members!! We completed on a property in August. When we originally viewed the property we could see that, as a mid-terraced house, the right side of the property had an extremely deteriorated fence and was bordering on unstable. We decided to proceed on the…
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Owning a 2nd rental property - Income Tax question
I'm in the early stages of thinking about purchasing a 2nd property to rent out. I know you don't have to pay Income Tax unless you exceed £2500 on a property. Is this per property or would I have to pay I.T on any income from a 2nd by to let? I've had a quick look on the Government website but I can't seem to find the…
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Walk-in wardrobe or linen closet
Hi all, We have finally exchanged on a house! It's a 2 bed house masquerading as a 3 bed, and we're planning on taking down the partition between the two tiny bedrooms to make one decent sized master bedroom. The new room would be an L-shaped room, and my question is this: would you prefer/find more useful a walk-wardrobe…
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Check out fee
Hi all, Quick question. When we moved into our old property we paid a £35 check out fee to the agents. Fine so far. But when we left the landlord decided to do his own check out inventory. Again fine, the house was left in a great standard. But should we be asking for this fee back? Since the agents are no longer carrying…
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266% ground rent increase if Lease is extended
I asked for a quote from simarc property management as my remaining leasehold is approaching 70 years. I currently pay £75.00 a year ground rent, but if I increase the length of the lease back to 100 years, the annual ground rent increases to £275. I can't get an answer from Simarc as to why the increase is so big. They…
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Offer accepted on a house which has since flooded - any advice please
Hopefully this post will not seem insensitive given that many people in my local area are still being affected by the terrible consequences of flooding over the past couple of days and my heart goes out to them but it has prompted me to get some advice about my current situation. I am a first time buyer, who shortly before…
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Asbestos Report/Fire Risk Assessment
Buying a flat and the last thing my solicitor asked for were the above reports for the communal area. Managing agents of the block of flats are asking £100 which the seller wants to pass onto me. I'd assumed this was included as part of the service charge and would be openly available to any of the flat owners. Checked the…
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Merry Xmas Leaseholder. Pay me MORE money!
Merry Christmas!!! :beer: In need of advice..! This afternoon I received an email from our charming freeholder stating that as of next year service charges will increase by 40%. We own (leasehold) a 2 bed Victorian conversion in a house where the other flat is owned and rented out by the freeholder. This year the…
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Any advice re opposing planning application for large extension?
Besides the fact that he's already caused mayhem (see https://forums.moneysavingexpert.com/discussion/4847301 and https://forums.moneysavingexpert.com/discussion/4820974 ) our neighbour of adjacent semi has submitted plans for extension that is 5.3m long and 3.55m high at the ridge. The length is the whole length of our…
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compensation
Hi, I posted on here a while back about my damp and mould issues in my rented house. We are going to be moving out on the 24th of jan, but as the problem is so bad it has damaged my soft furnishings (beds, bedding, curtains, sofa) and also damaged alot of our clothes, but most of all it has damaged our health. My wife is 7…
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will i be able to purchase a property??
Hi All I am listing two scenarios here, ideally looking to buy a property under option1.If that does not work , how about option 2, is that feasible?So here it goes guys...Any views , advice, suggestions will be appreciated. Option 1 Deposit- about 25K Gross Annual-£12K House Price range- between £125K- £150 What is the…
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in which city/area would you wanted to live and why?
hello and merry Xmas! in which city/area of UK would you wanted to live and why? taking into consideration both economic, but other as well factors thanks!
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Fees to letting agency
I am about to let my house out in London zone 2. I have spoken to an agency and they will charge me 12% + VAT to find tenants and manage the property. Is this good value or is there a cheaper but as good solution I could consider? Thanks
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Advice on furnishing a Rental Property
I have a property that I wish to rent out. It has three bedrooms and is in a decent area in London. The house has not been refurbished in 10 years. I would appreciate advice on the level I should do it to so I don't break the bank but I get a good yield, maybe not the maximum I could get if I put top end appliances etc I…
