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When do solicitors ask for payment from a buyer?
First time buyer here. I'm in the position where I want to make an offer on a property which will be funded by cash from the sale of a property (probate) which has already been agreed and is progressing but I am completely penniless until the sale completes! If I was to have an offer accepted and instructed a solicitor for…
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Landlord wants to renew for another 12 months
Current situation is we privately rent and have been in this particular house for 10 months. Initially we signed up for a 12 month tenancy which would change to a periodic however agent has contacted me saying LL would like us to sign up for another 12 months. We are good tenants, look after the house, pay rent on time,…
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Estate agent not getting back with info
So ...Interested in a house being sold by a local company Knight and Bain., The estate agent showed us round...with such lack of interest or vimpto We asked a q's about parking, estate agent said she would get back to us...1 week went by and nothing so i called her agency...She will get back to you was the answer...again…
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Buying a flat for a student daughter
My daughter is in her first year of university. I would like to buy a flat for her to live in for the following 3 years. I'm not sure if I should go for a one bedroom or would it make sense to get a 2 bedroom and rent out the other room? What would be the implications of this? Also can I get a straight-forward mortgage, or…
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Interest on deposit?
If you get your deposit back what happens to the interest on that? A deposit given many years ago it occurred to me would have gained interest? Does the landlord or agency keep that?:eek:
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Searches: Ground stability issues - Moderate
Hi all, Today we have had our environmental searches back and it says the ground stability has shown a moderate and their could be subsidence but it is not necessarily the case. I am now worried about going through with the actual mortgage survey now as it cost us £700 and obviously if that comes back saying the bank won't…
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Landlords Insurance
Can anyone recommend a fair priced, good buildings insurance that also covers fixtures and fittings please? The property is let unfurnished. Thank you
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Mortgage DD Details
Hi, We moved into a property the middle of this month, to date the mortgage lender hasn't contacted us to take bank details of where to take the DD from, usually when would this occur? Are we likely to pay a big bill 1st December for November and half of October's mortgage payment?
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After 6 month’s nightmare, only two enquiries left, but my mortgage will expire soon
I’m buying a flat. The purchase started in April. During this six-month’s nightmare, a lot of ridiculous things have happened, such as insurance certificate is missing and the vendor is missing (MSE gave me a lot of helpful comments). Finally, we have got only two enquiries left. One enquiry is talking about indemnity…
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Can I ask the seller to contribute?
Hi All, I'm in the process of buying my first house at the ripe old age of 42 after years of private renting - yippee! My survey advised that I needed a tree report for a big pine tree v close to the house (in the garden) - and the report says it needs to come down due to species, age and proximity to house. The…
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Landlord selling my home, where do I stand with agents/viewings?
Hi all, hopefully after some advice! I rent my home from a private landlord, a few months ago he informed me that he needs to sell my home. My landlord is being very reasonable in my eyes, he has allowed me to stay in the property, and then moving me into his new build next door when complete next year. He even said that…
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Finders fee for tenants in situ?
I'm buying a buy-to-let flat which is currently rented out. The tenants would like to stay, however the rental agency that the current owner uses will charge a finders fee for doing this! This seems unreasonable given that the current owner had already paid once for the tenants finders fee. I will be managing the flat…
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Professional supervision indemnity
Hello, we are currently in the process of buying our first home, we're finally at the stage where can exchange, however one thing it holding us up. My mortgage lender requires a professional supervision indemnity certificate. The reason for this is because the property has been converted from a public house into 3 separate…
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Letting Agent Misplaced Deposit and Didn't use DPS
HI all, Will try to keep this brief. So in 2011 I moved into a rented property and paid the first months rent and deposit to the letting agency. Move forward four years and the letting agency said I didn't pay them the deposit, LL said he hadn't received it either and showed statements to prove. Finally managed to get hold…
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Selling a UK house when living in New Zealand
My husband and I may have to move to New Zealand in the next couple of years. If we don't' sell our UK house straight away, we would let it out and sell it in the future. So I have two questions: 1. Under most mortgages would be allowed to get the 'right to let' on our residential mortgage very easily? Or would they not…
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Mortgage valuations and renegotiation
Is it common that people renegotiate prices if the mortgage valuation comes back at lower than the offer price? Obviously if the difference is a few thousand this would probably not be necessary, but the house we have offered on was towards the higher end of our budget and I'm a bit worried that if the valuation comes back…
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Not sure how much these features are worth
We're considering offering on a house which is priced at £145k and has been on the market for 5 months. The last house on the street sold for £140k in January; however, that house had: A conservatory Decent brick-built garage (the one we're considering has a delicate-looking concrete one with slightly leaning walls and a…
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Home buyers report
How do surveyors check of condensation? I viewed a property and couldn't see any damp. I had the property surveyed and the surveyor managed to find seven areas of dampness and in his report said the property has an condensation issue
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Ex-Partner claiming for property
Back in 2006, my then partner and I purchased a property with help from the government on the 70/30 ownership scheme that they were doing at the time. This was purchased through Halifax for £98'000. We borrowed £69'500. The move in date was 10th Februaury 2006. On the 14th March, only one month later, the ex moved out. It…
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Buying a property as a family.
Hi all, I'm looking to buy a property with my parents and my sister, between us we have sufficient funds to purchase approximately 80% of the property in cash, with the remainder being made up by a mortgage. We are getting conflicting advice regarding the legal side of things. Ideally we would like the mortgage only in my…
