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Rent now, wait for the crash and then buy?
Any thoughts on this? Having had an offer accepted, I am worrying more and more about the next inevitable property market crash and as such wondering if it might be worth renting for now and playing the waiting game. Obvious downside is that one does not know when this will happen, could be 1 year, 2, 5 etc. I do get the…
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Consent to Let expiry (HSBC) - Early Repayment Fee unavoidable?
Hello MSE members! I gained Consent to Let from HSBC in Dec '15 on a mortgage that started in Aug '14 with a 5 year initial term. When my Consent to Let expires in Dec '16, my google searches suggest HSBC will automatically ask me to move onto a Buy to Let product. However, since I could fully repay the outstanding…
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application of Stamp Duty Surcharge
Doesn't seem very clear on the .GOV site so hoping somebody can direct to somehwre that can clarify (my opinion differs from my solicitor). Most will know that from 1st April there was a 3% surcharge introduced for holders of more than one residential property. My situation: I own a BTL property that I have let out. I…
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How can I get the matching wall paint colour to what's already in my house?
Hi all, How can I get the matching wall paint colour to what's already in my house? The previous owners did not leave anything and I want to use the same wall colour paint as they did but there are no indicators on what paint they used. How can I get the matching wall paint colour to what's already on the wall?
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Did You Miss Out on Your Dream Home but Bought a Better Dream Home?
How did you find the new house? We missed out by a matter of 12 hours on a house that was everything we wanted (we would have viewed and offered there and then but the viewing got cancelled - house sold to someone else). It's tough to think about any other house apart form that one. Did you find a better dream house or one…
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Has anyone used L&C?
I'm a FTB and not knowing anything about mortgages or solicitors etc I decided to give these guys a call. But now I'm not so sure it was the best idea. They have set me up with a solicitors who is at the other end of the country and a mortgage with nationwide. I'm thinking if I went with nationwide direct I could walk into…
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renting out our property, while living in rented property. What happens with tax?
Hi guys, I have a query, hopefully straight forward, however haven't been able to find the answer via google. Due to various issues we are having to move, but are unable just yet to sell our property. We will be moving into a private rental. I have researched, and understood the whole deposit protection, informing mortgage…
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Delayed Entry - old security on land register
Hi I'm looking for a bit of advice - I'm a first time buyer in Glasgow and in the closing stages with my date of entry being the 25th. Had a phone call from solicitor today saying there is now a problem and there could be a delay as it appears that a mortgage company who were lending on the property around 10 years ago…
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Loft Building Regs issue
Hi All, My wife and I are buying a house which was advertised as a 5 bedroomed house. It is actually a 4 bedroomed house with an additional attic space. Now here comes the issue: * The loft was converted in 1995 to an attic and does not have building regulations approval. * The sellers are unable / unwilling to obtain the…
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Cost of skylight and re-roofing a flat roof 10m x 4.5m
Hi First post so be gentle please. We have a flat felt roof and are looking to install a skylight into this at 3m x 1.5m. The rest needs re-roofing with rubber. How much would we expect here to install the hole for the skylight, new boards and joists and rubber line the roof? Gut feel would do. One builder suggested £3500…
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Managing agent using 3rd party companies
Hiya I have been using a management/letting company for a few years now to assist me renting out my property. They have recently started using other companies to do the inspections and the checking in/out. There seems to be no consistency as they keep using different companies so I am concerned that it is more likely…
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Renegotiate price after survey?
I'm a first time buyer buying a property in Brighton which is in good decorative order and when viewing it there were no visible problems. I've just had the survey back which states; The property is in acceptable condition for lending purposes. Pitched roof requires repair or replacement Aspects of the electrical…
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privacy
privacy reasons
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items included in sale
was looking at a property that had furniture but the furniture is not included in the sale the estate agent said that it could be negotiated (think thats what was said) if you wanted the couch etc what's the normal way of doing that? offer more for the total sale or an extra payment? I will ask the Estate Agent but just…
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Check property price sale history on Rightmove?
Hello everyone, There's a property that we've seen on rightmove that we really like. It states that it's price was reduced sometime last year. Is there a way of checking what it was on for originally, before the price reduction was applied?
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Inherited properties and Land Registry?
Wonder if someone can help with this, obviously when a house is sold it comes up on the land registry with price paid and owner etc. But what about an inherited property? I ask because I downloaded a title that showed a property in my area as being bought in 2002 yet the people who live there said they own it and moved in…
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House environmental search
Hi all, Environmental search result shows my property is within a moderate to high risk of ground subsisdence Ratings from the provider are: None Low Moderate to high Should i be concerened ? I have arranged for a full structural survey to be done which should highlight this. Also how reliable are flood risk free websites?…
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Rent Increase
I hope this is the correct place for this question, feel free to move if not! Apologies in advance, its a bit of a long one... So myself and 4 housemates rent a house in North London. Its an annual tenancy. Our current tenancy is finishing in 9 days, end of April. We got notice today from the agent that the landlord…
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Buying a house without vacant possession, Would you?
We're currently buying a house that is occupied by tenants, we're about a day away from exchanging contracts. The terms of the contract are that the seller will evict the tenants before we complete but not before we exchange contracts as he doesn't want to lose money on rent. There's a 3 month clause on the contract to…
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Buying House for Children with their inheritance money
My kids have inherited around 40k from their grandmother. They're both 9 years old. Any idea if it is possible to invest this money in property for them? And if so what the implications for mortgages/tax etc are?
