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Damage appeared post viewings
Hello all, I'd be really grateful for some advice. I'm towards the end of a flat purchase and went back to the property at the weekend to do some measuring up. I noticed some damage on the ceiling that wasn't there on my 2 previous viewings, prior to making an offer. The Estate Agent too, confirmed she hadn't noticed it. I…
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Unfurnished property expense allowance
I'm doing trying to complete my tax for past year. I've had to replace a washing machine in an unfurnished flat and it was like for like with the old broken one. Am I right and have been told that I can not claim this as an allowable expense anymore as it is unfurnished property. I've phoned up tax helpline several times…
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What to do about very bad advice/service from Solicitor?
In the midst of trying to sell out home now for weeks and we have had nothing but poor device from our Solicitor. They keep telling us not to worry but it's clear now our sale will collapse if we don't exchange this week. I work away and my wife is stressing a lot, my wife raises the issues between us not being able to…
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Shared Ownership: Rent costs
I'm looking into a shared ownership flat for the first time... Doing my research, it appears the standard rate for the rent is up to 3% of the association/owners equity per annum, and most sites i've read seen to echo this. The property i've seen which was a 50% ownership at £55k has £52 per week as rent, £20 service…
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Can your neighbour do anything to your fence?
Legally speaking. Not an "is it possible" question. For why i'm asking: As you look at our house from the road, we are joined to the house on the right with a fence running bang centre between us. There is a walkway to the left & then a low brick wall that separates. The paperwork we got when buying the house said we own…
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Single/Joint ownership financial pros and cons
Hello all, The wife and I are in the process of buying our first home and want to know what are the (purely financial) pros and cons of joint ownership. We are both higher tax rate payers if this counts for anything. Mortgage would be under both names, but I have heard ownership could be wholly under one person. As such,…
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correct way to give notice
Have tenants on a 6 month AST-and no particular issues. simply wish to give them appropriate notice that term is ending. normally don't have to do it,as tenants extend;but whilst we have no problems with our current tenants;we simply wish/need to give them notice that tenancy agreement is ending and we need them to move…
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FTB mortgage with brother
So I'm not completely clued up on the different types of mortgages available in this situation. I am looking to buy a flat with my brother for ~150k with a 30k deposit (50:50 split). I will be living in it whilst he would be looking at letting out the other room. What is the best type mortgage/mortgages for this situation?
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End of tenancy cleaning.
I am an accidental landlord and rented out my property as I had to move elsewhere for work. My tenants started a 1 year contract, and 4 months into the contract, they said they wanted to move out of country. We found a new tenant and he is going to move in next week. The tenants always delayed the rent payment by 8-10 days…
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Housing buying help re Certificates
We are close to exchange (have been for weeks our end!) and we are at stale mate with our Sellers. Our seller will not agree to pay the £140.00 for the indemnity policy to cover us for the unknown restrictive covenants for which they can't find the original document!? Is this normal. Our solicitor thinks they should pay…
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New build with delays
Hello, we have reserved a flat to start with on low cost housing scheme but it went down hill has only bank doing this deal was asking 20% deposit?! Developer then went back to council and ask to be able to sell the flats with help to buy scheme. We have then reserved the flat again with the help to buy. we are now about…
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Rates In Northern Ireland
Hi, I'm looking to rent a one-bedroom house in Belfast, NI for the first time. However, I'm a bit confused about how rates charges work for rental properties. I've looked at the table on 'A Guide to Rates' on the NIDirect website (new user - can't post link). According to this, any property with a capital value of under…
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Buying off a landlord after 15 years
Hi, I am writing for advice. My husband and I have been renting a house since 1999 for 15 years. The landlady has passed away and passed all houses onto friends of hers. She has told us she wants to sell but we have found out that in the will it states "the tenants are able to stay in the house unless they wish to leave".…
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First Time Seller
Hi, I am about to put a house on the market, and got a few questions / queries which I would appreciate some help with: **Stamp duty House valued at 130,000. Given the stamp duty threshold is 125k, are we likely to get any offers over £125k? (or 124,999) Can you do a deal and buy the house for £125k and sell the curtains…
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A tactful form of words
I am in the process of buying a flat. I currently rent and the landlord is in the process of selling. The flat has been on the market for some time now. It's sticking - possibly because I'm a tenant in situ but more likely because it is over priced, especially given the substantial and very obvious damp problem. I have…
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How accurate are Zoopla estimates?
Hi all, A question for experienced property sellers, buyers, hunters - how accurate are Zoopla estimates for a property? This is in their Current Values section where they give you estimates for an area and even for a house.
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First time renting need advice please
Hi hoping to get some advice please. Bit of background about me because this is what I'm worried about when trying to rent for the first time. I'm 42 and maintained a mortgage without any problem up until 2008 until my marriage broke down and ex refused to help with payments, this resulted in arrears which were ongoing…
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Mortgage on 2nd property or add to current mortgage?
I've inherited a third of a house and am seriously thinking of getting a mortgage to buy the other two thirds out and have it as a buy to let. Am trying to get my head round costs. I need 70k mortgage. Do I get a buy to let mortgage with a higher interest rate but can off set that mortgage against any tax I have to pay? Or…
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Getting out of equity release
My mother took out an ER loan with Aviva a few years ago, at a fixed rate of 6.6%. We now think this was not a good deal for her given current interest rates, and are looking into ways of getting out of the arrangement without triggering the early redemption penalty. One option we are considering is to approach Aviva and…
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Affordable housing mortgage
Good evening, I have found an affordable home both myself and my girlfriend really like and we would like to purchase it. We need to be earning over £29,000 (which I already do). I have been working for over 10 years in full time employment and was made redundant from my part time job last month. I immediately went self…
