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Undervalued - what would you do?
We had our offer accepted for £167500. This has all be going through and we are nearing the end of the process and are looking to exchange really, really soon (as soon as the solicitor gets hold of the management pack - it's leasehold). However, we have had the valuation come back at 10k under what we offered. Originally…
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Renting, guarantor or 6 months upfront
Hi We are in the process of selling our house, and moving into rented accommodation. I am a stay at home mum, and my husband is working. We have offered 6 months rent up front as we will have the money from the sale of the house. ( used this to get the rent reduced by £25 per month) The letting agent has said that is fine…
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Renting with Estate Agent / Tenants
Hello, I'm filling out a tenancy application for a flat to rent through an estate agent and am to move in with my partner and her son. I'm naming myself as the person to pay for the rent as my partner has CCJ's so therefore wouldn't pass the credit check (I'm assuming) and I will be receiving cash from her to pay her part.…
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time from offer to survey?
Hi. Had a cash offer (proof of cash seen by ea) which I accepted. this turned into a 50% mortgage/50% cash offer after I had accepted. This was on Aug 4th. It is now the 20th and no sign of a survey appointment....... The ea was very quick off the mark to get rid of the other offers (one was higher but wasn't cash and I…
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Moving goalposts once offer accepted.
I accepted an offer of 5% under asking house from a FTB who had a large deposit from bank of M&D. Now it turns out that the deposit is coming from the sale of a flat that is part of a long chain that has only just been made (only one survey to date and no sign of an exchange day). Part of my consideration when accepting…
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Estate Agents question
I have been looking at various properties, and remarkably every property I like the estate agent is quick to say it is "under offer" and that I should quickly bid the asking price if I want to have any chance of obtaining it. When I then ask what the current offer price is, they inform me they are not allowed to tell me,…
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Difficult Landlord
I'm posting this on behalf of a friend who is in England. Friend is working away from home and found a landlord who was renting out some spare rooms in his house. LL also lives in the property as does a family member of LL. Friend paid a deposit, signed a contract and moved in. After a while, friend suspects that people…
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O.M.G! So I signed the contracts and then...
...solicitor tells me she's leaving the firm on Friday!!!! It gets better and better:rotfl:
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buying a house which might get demolished if heathrow gets a third runway
We have seen a property in West Drayton which we really love. It's going to be our dream house and we can see ourselves living there forever. However it's in an area which is in the proposed north west expansion of Heathrow third runaway. If the plan goes ahead and heathrow is chosen to be expanded in North west, then this…
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Landlord won't post keys
Moving into new rented flat over the weekend but don't know which day (Sat or Sun) as I'm dependent on getting lifts. Have already started paying rent. Have asked landlord to post keys to me - so I have them whenever I arrive - but he has refused saying I just have to turn up at a 'reasonable' time - letting him know in…
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On-Sea - Westcliff/Southend/Leigh
Hello all, I've seen similar posts to this before but none as specific as I would like. I've visited the area and like it in general. However, I don't have specific local knowledge. Through property searching online, there seems to be a lot of terraced houses off Westborough Road for a very reasonable price. What is this…
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Paying For New Build 'Additions'.
Going to look at a Bellway new build at the weekend which has just started to be built. You have the option of choosing 'extras' like work tops and wardrobes etc. Are these costs added to the house price and thus mortgage or do they have to be paid for separately?
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renting, number of issues
I apologise that this is long. responses item by item would be greatly appreciated so it's not so easy for the thread to get too confused. We're a month into our tenancy, we don't have a key for the outside storage cupboard which is where we plan to store bikes. This cupboard is one of the key features that attracted us to…
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Offer on house problem
First of all thank you in advance for any advice given - it is much appreciated. We are first time buyers, have a mortgage in principle prepared and have just made our first offer on a house today. When we made our original offer the EA said it was too low as there was another higher bid. We decided to move to £150k and…
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Surveyor missed asbestos in garage
We recently purchased a house and instructed the surveyor (acting for us and the bank) to carry out a full structural survey. This surveyor failed to pick up that there was a fairly sizeable strip of asbestos insulation board on the garage ceiling. I am very annoyed as this will cost us a good chunk of money to have it…
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Access Rights no longer needed
I'll try to keep this brief. Our drive runs along the boundary of our property. When we bought the place 8 years ago, the solicitor told us that our next door neighbours and their visitors had a right of access over the part of the drive closest to the road. The drive then divided; one part remaining ours and the other…
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Investing in Property with a Mortgage
Hi guys, i'll start by telling you a little bit about myself and what I wish to achieve. Im an 18 year old lad, still living at home with my parents who have helped me out massively financially since I was 15 when I started work, by not making me pay much house keeping money at all! I'm a prolific saver and am rather tight…
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Hypothetical Q - Releasing Equity from a BTL
I tried to google my question(s) but I think I need clarification as my head is spinning a bit :o Say person A purchased a 2 bed for £140k with £80k deposit lived in it for 2-3 years, could they then turn their house into a BTL property and release equity to purchase 2nd property (to live in) ? From what I found, I think…
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Defective Lease Maisonette/Indemnity Policies
Hello all, I am in the process of selling my leasehold maisonette and the buyer has pulled out due to 2 clauses apparently being missing from the lease. My solicitor was gob smacked by this stating that a simple indemnity policy would have resolved the issue. I went back through all of my files from when I purchased the…
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How can I tell if my landlord has put my house on the market?
Had a strange one today. Virgin's home moving team called me up today to discuss my relocation plans. This was the first I've heard of it and was quite a surprise. I guess my landlord has put the house on the market without informing us. Virgin said they learned of this through public record. I'm curious to find out if I…
