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Buy or stay renting in my current situation?
I'm currently paying £700 a month for a 4 bed flatshare in London. I have had 10k in savings the last year, and being 31 now i'm wanting my own place, whether it be studio or 1-bed flat. There's no way of saving anymore of this unless I inherit money. The best I could do is save 1k a year but would restrict me from…
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Can this room be classed as a bedroom?
Sorry if this has been asked before (or even if I've asked it) but can't seem to find anything that covers the circumstances. Bit of history. My house was built, as a small and narrow detached, in 1857. In 1895, other houses were joined onto it on both sides, turning it into a mid-terraced. We have a room on the second…
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Sellers Building Survey failed to pick something up 2 years ago..
Hi. Posting this as a question for my own interest and the affect it might have on our purchase more than anything... We've had our offer accepted on a 1970's property where a subsequent Valuation Survey picked up a roofing issue, which could be a £10k bill (possible new roof required), which neither I or the seller have…
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What do we need to do once we are in the house...
Hello, we are first time buyers and are unsure exactly who we need to ring and what needs to be sorted once we are in the house in regards to things like the water board, tv licence etc. If anybody could offer some steps or a good website with some on, that would be great. Many thanks.
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Seller demanding exchange timeframe that can't be met
Hi, we are buying a flat and the seller is asking us to exchange in a timeframe that he knows can't be met because his solicitors haven't even sent all the documentation to ours yet, we are hearing from him that he want to exchange in one week but we have forwarded on communications from our solicitors that this can't be…
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New House Purchase issues
Hi Guys The wife and I took possession of our new house last weekend. All was going well until we got up on Sunday morning to find the hot water tank had dumped its contents into the dining room. We managed to get a plumber over that day and he told us the tank has been leaking for some time and finally let go due to…
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Bullying Ex Landlord
Hi All, I have a friend who has just moved out of shared accommodation (student) with another of her friends. In moving out they had to sign onto the Council Tax register. This is where they asked my advice as their Landlord had asked them to not put down their old address, they didn't want to be dishonest so came to me.…
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Buying a house without a mortgage?
I'm currently renting and the house owner has said we can buy the house for x amount, we have already been offered the same amount from someone for us to be able to buy without a mortgage, we will be paying them the money back a set amount a month but it will be interest free also we can pay a larger amount per month in…
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New job in fixed period
I am interested to hear from other people who were offered another job during a five year fixed period, perhaps in another part of the country. I am interested to hear how you dealt with it. Did you sell up and move/let the property out/leave it vacant or are there other options that I am not thinking about. I am also…
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2 yr fixed v five yr fixed v variable
I am a first time buyer trying to decide whether to go with a variable rate for now or a fixed rate (two year or five). My salary is 36,000 and I am purchasing a property valued at 148,000 with a 37,000 (20% deposit). I will have three times my salary in the bank as an emergency fund after paying all expenses and…
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Variable rate confusion
I am a first time buyer. I do not understand the difference between a 2 year tracker and a lifetime tracker. Are you tied in for 2 years with a 2 year tracker (like a fixed rate)? Also I am confused what is meant by a discount variable rate? Are you tied in as it is discounted. HSBC only offer a discounted variable to…
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Buying a new build/current property
Hello everyone. I am new to this forum and this is my first post and I need some help. We are wanting to buy a new build but the builder is needing us to be proceedable. Which means either renting our current property or having sold it and exchanged contracts. The problem this is causing is that they won't let us even…
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Restrictive covenant against business use
I am buying a house which has a restrictive covenant against business use from the local council, issued before the house was built 60-odd years ago. Can anyone say whether this is likely to prevent running child-minding from the house (maybe in a year or two, not an immediate issue), and if so, whether there's a…
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How to protect myself against tenant suing for mould
Hi, after a long winded purchase of a buy to let property, I have since discovered mould on the wall of one of the bedrooms. I've informed the management company and they have asked for a damp report. I'm in a financial situation where I need to let the property ASAP but am worried that a tenant could sue for illness etc…
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London/outer London Property
Simple question is now the right time to buy property to live in and/or BTL? be it a small studio flat or a 10 bed house?
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Increasing Equity
Hello Just wanted some advice.... Please! I'm using the help to buy 95% mortgage guarantee and I have been told that when remortgaging after the fixed 2 year period it can be difficult with this size of equity. My question (Im sure its a stupidly obvious answer so apologies in Advance!) if I overpaid my mortgage by another…
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Selling home, buyers mortgage valution?
Curious to know does our property have to be worth the price that was offered, or only the value of the money the buyers are borrowing? If we accepted an offer of 100k, and the house was valued at 95k, but the buyers had a 10% deposit so only wanted 90k, would the bank still lend them the money??
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Buying a share of freehold and expected income
Hi, Several flats owners bought the freehold of my block of flat a few years ago and created a company for that purpose. Other owners were then given the option to buy a share of the company at a later stage (£4,000) and stop paying ground rent, or continue paying ground rent (£250 per year) to the new freeholder/company.…
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Proving title to a freehold
I have a 50% stake in the freehold of the block of four maisonettes where I live. The other 50% was owned by my neighbour who passed away recently. We also have leases granted to ourselves. I have been told by one of the executrices who has obtained the grant of representation that he has left his 50% share to his two…
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Housing Dampness/Mould
hi, This is my first post, I moved into a property in December 13 the property had apparently been treated for dampness the wallpaper was all peeled back and the walls were black but I was told it was all fixed now, since moving here I have suffered several chest infections that have been treated with antibiotics, I have…
