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When to put house for sale - move in jan?
Hi there We are looking to reserve a new build plot which is due for completion in January. As we are in Scotland and need to sign the missives not long after we reserve to agree the moving date, we want to get our own house sold first before being locked into any missives and getting sued if it doesnt sell! Ideally we…
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Help to Buy ISA
Hi all, I am currently saving for my first house and have £25,000 in different accounts and do not hold an ISA. I can comfortably save £1500 a month and will be looking to put a deposit down in the next year or so. I notice that later in the year there is a new government initiative to help people put down a deposit on…
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Charges on house
Please can anyone help. I have sold house but it is in negative equity for £40,000. Mortgage company have agreed to sale and we have a payment plan to repay debt. I have 1 charge on the house for £10,000 but they will not agree to sale and are threatening bankruptcy if the debt is not paid in full before they agree to a…
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Damp Proofing and 100 year old house
We are interested in house which is just over 110 years old, it is an end of terrace. I've heard things about damp proofing, but my knowledge is lacking. 10 years ago there was rising damp and some (what I gather was) remedial work done to the tune of a few hundred pounds to the existing damp proofing from what I can…
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Help with renting out home and tax implications
Hi, I'm after some quite urgent help. I've an opportunity to move with work, possibly being permanent. In order to decide what to do with my property I have been trying to get my head around the tax implications of buy to let as well as the latest Budget buy-to-let tax relief changes. In a nutshell, I've just remortgaged…
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New purchase, mortgage, lodgers?
Hi people, i know it was many times mentioned but not always fully answered. We have just purchased a house, on application we have informed that my sister will live together with us. We would like to rent out spare rooms for lodgers. I know not all lenders will allow more than 2 lodgers. Also few of them will not allow…
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Seller has pulled out
I'm so disappointed. Found out on Friday that the seller was placing the house back on the market because we hadnt booked the valuation yet. We had been in daily contact with the estate agent explaining our mortgage lender wouldn't allow it as our application was still being processed and not accepted yet (First Direct,…
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Advice on tenant deposits and rent/bill payments
Hello all! The tenant in my current shared property has given notice to leave and will be due to move out in a few weeks. The person has been a difficult tenant to say the least, and has thrown me a few curve-balls regarding what she should and shouldn't be paying. I wanted to get some advice and ideally some…
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Freehold flat
My partner and I are looking to buy a flat which has the freehold for the whole house (3 flats in total). The current owner has lived there for several years so there is no issue with him having to offer share of freehold to other flats first. We like the idea of having the freehold as we would be looking to extend our…
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Home Buyer Protection Insurance
Just had an offer accepted on a house and sold mine sstc. I've found what seems to be a good solicitor but they don't offer no move- no fee, although I can pay £90 upfront to avoid paying any fees incurred so far if it falls through for any reason. But, I've found a home buyers protection insurance from…
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Bad engineer caused loss of house sale.
Hi all just looking for a little bit of knowledge, after losing my house sale under annoying circumstances.. The house in question had been on the market for 6 months now but finally it was under offer, on showing the buyer around on there second visit we noticed some water in the cellar. I was pretty sure it was a drain…
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Shared ownership - Simultaneous strait case and resale
Some advice please :-) I currently own 50% of a shared ownership flat and the housing association own the other 50%. I had the property valued and have subsequently sold 100% on the open market. I have sold for more then the valuation so am I right in thinking that: 1. I will need to pay stamp duty on the valuation amount…
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unadopted road?
Hi there, just wondering if anyone else had had this situation and what the solution was? I am looking to purchase a terraced house built circa 1903. Searches are back and all clear but my solicitors say that although the front street is adopted by the council, the back narrow street that runs between the "back to backs"…
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Buying unoccupied house - offer accepted - house neglected
Hello, wonder if anyone can advise on this! Had our offer accepted for a oroperty, now sold stc and solicitors instructed etc and paid money for conveyancing, land registry checks etc. House we are purchasing was rented out furnished to vet students and now unoccupied since June. Owner lives a way away, ex student at same…
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When to appoint solicitor?
We have had an offer accepted on a house and have a mortgage Agreement in Principle in place. Do you appoint the solicitor before the full mortgage application (I'm guessing you do as the lender needs that info, right?)? But then what happens if your mortgage application is unsuccessful for any reason, do you still have to…
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How much does it cost to go through the eviction process as a landlord
Hi, I am wanting some advise for tricky situation a friend has found themselves in (I promise it is a friend and not me!). She own a home to which her and her mother are on the mortgage. Her ex has been living at the property for a few years since she left in unfortunate circumstances. He pays rent to her dad every month.…
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Radon!
I am in the process of buying a property and the "Landmark" environmental search has said it's a "Radon Affected Property", to quote: "The property is in a radon affected area, as between 1 and 3% of homes are above the action level" Do I need to worry about this? I know someone who lives very close to the property I'm…
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Flying freehold over cellar
Hi all from a long time lurker. My partner and I are looking at purchasing a house with a flying freehold and it sounds a bit unusual to me so I'm after some opinions/advice. The house is Edwardian. It was split into two semis in the 1960s and the current vendor has told the estate agent that she has all the deeds,…
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Parents mortgage as guarantor on rented property
I am currently looking into renting a new property but would need a guarantor. My parents would happily be my guarantor as I would have no problems paying rent and earn more than enough to afford the property and would also be paying the rent three months in advance each time. The only problem I have is that my parents are…
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[Flat purchase] 4 months have passed...still waiting for lease documents from SRA?
I'm a FTB and I'm buying a flat. The offer was accepted on 6th April. 4 months have passed, there is still 6 enquiries need to be answered. But my solicitor have not received anything from the seller's solicitor for 1 month. I called my solicitor and the estate agent. They said the seller's solicitor is still waiting for…
