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Mortgage Broker vs IFA
Hi I read the MSE 'First Time Buyers Guide'. As I know very little I've found this a valuable read as it answered a number of questions/concerns I had. The one thing I didn't fully understand was why there was no mention of the use of an [suitable] IFA to source a Mortgage as they can also source [independently] protection…
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Mortgage and habitable conditions
Hi My husband and I have fallen in love with a house that needs some work. In the kitchen there is only a sink unit, no cooker and no food preparation area. The is gas and electric bath and toilet and an electric fire. I am worried that the mortgage provider won't lend. I did think I could buy a cooker and a freestanding…
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tax implications for property purchase in uk with part deposit from polish sister
Hi there, i am currently a discharged bankruptee and i am very fortunate that my dad wants to buy my family a house. he is providing £140000 cash and my partners sister from poland wants to send £30,000 to her to transfer to my dads solicitors account . the property will be owned by my father for now due to my bankruptcy…
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Lease Extension - Share of Freehold
I've read in the fab lease extension guide that you can extend the lease on a SOF flat for free [barring legal fees which look to be in the region of £2,500.00]. I am looking to buy a flat which is SOF, has only a 51 year lease [i.e. under the perilous 60 years]. I hve been quoted 2 prices for the property, the second…
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Solicitor - T&C's
Hi.. my solicitor sent me a pack around there fees and charges etc and stipulated that they would not commence any work until they received a £50 deposit and until they had checked and copied my passport which i would have been fine with, however after i sent them a couple of emails asking for confirmation which the didn't…
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Mortgage paid off, no deeds
Hi, Wasn't sure where to post this, but just looking for a bit of advise. I've been fortunate enough to pay off my mortgage in full, and I was under the impression that I would get the paper copy of my deeds. My mortgage provider say they don't have these, so who would have them? I know the land registry should have an…
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Paying a rental deposit
Hi I've just got a house, through an agent and I'm due to move in around May 2nd. They're asking for my deposit to be paid now, is this normal? I thought deposits were paid on moving in.:o Its a large amount and I will struggle to get that amount and pay all the other costs of moving. I had planned on using my deposit from…
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Leasehold purchase - buildings insurance query
Hi all, We bought a leasehold flat in February 2015. Recently we have found out that the installation of the boiler was not done correctly. The flue is a complete shambles, and we are facing mounting costs to resolve. These costs will not be covered by our household insurance, as the issues are related to installation, not…
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Getting a mortgage with bad credit
Hi, I'm just wondering if anyone can help. I'm looking at purchasing a house, in which I have a deposit already. I have a defaulted account which was settled a few months ago however is still showing on my credit score, other than this I have a squeaky clean record. I'm just wondering from anyone experiences what's the…
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Adding value to Property
Hi, Good Day! We are considering 1. adding a loft room with ensuite bathroom 2. a complete bathroom downstairs (not the cloakroom toilet which is there currently) 3. using the existing toilet space to have a room (145 *75 cm) for storage (jackets, coats, shoes etc). While I understand that the loft room and extra bathroom…
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deposit deductions for phone calls made
Basically I had a water meter installed into the property which I was told was fine by the water board as long as my tenancy was for 6 months or more and that I didn't need permission from the landlord. After leaving the property the landlord was arguing that she was keeping the deposit as it will cost her to get it…
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Early exchange because vendor buying new build
Does anyone have any experience with buying from someone who is buying a new build ? I am a first time buyer and just had an offer accepted. However , the vendor is trying to get us to do an exchange the contracts early - probably because they have a deadline to meet with the builder. There a few problems and risks I can…
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allowance on interest rate or direct debit amount?
Just checked my statement for the interest only mortgage on property I am renting out. The interest amount per month is not the same as the direct debit amount (only by a few £ and I presume because months are 29, 30 or 31 days). Which figure do you use when claiming allowance, the 12 monthly interest figures or the 12…
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High ground rent flat..bad idea?
Looking at buying a 2 bed flat valued at £140k in a Bedfordshire village, like the flat but has a ground rent of £605 per year and £100 per month service charge. It's got 99 year lease and built in 2005, seems London pricing to me, would it put a lot of buyers off, it is high or average for a 2005 build ?
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Buying house and neighbours convened party wall act and submitted false planning plan
We have started to purchase a detached house in a conservation area and as we want to undertake a lower ground extension to the existing cellar we asked a structural engineer to assess the work and he found what he calls an issue for major concern. We are in a Conservation Area and the neighbour to the detached property…
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Things I learnt..
I thought I'd bullet point some of the more interesting things I picked up as a first time buyer, things that might just be of interest to someone else currently going through the process. These points will be obscure, and potentially irrelevant to most standard house buying transactions, but there might be something in…
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Land Registry Issue - causing selling issue
Selling/Sold STC my house, which is a freehold but there is an entry (leasehold) from 1946 on Registry. Land Registry don't have any copies of this but it is there. Buyers solicitors have found this on a search and are refusing to complete until it is fully removed. The freehold was bought in 1997 and this 1946 lease (99…
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Moving out of rented flat - no deposit
Hi all, This summer, myself and my 3 flatmates will be moving out of the flat we have been renting from our university for the past three years. The property is owned by a private landlord but we never deal with him, he rents to the university and we sub-let from them, so all of our rent etc is paid to the uni. When we…
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Survey found no support or regs for chimney breast removal. Views wanted
Hi guys! Have always used this forum to read up before I make my mind up but today I need lots of people's opinions. I have had the results from our survey and there is a bit of damp that can be fixed easily but my main concern is the fact the vendors have no proof of building regs or that there is any support for the…
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Lending part of deposit from grandparents - advice please!
Thanks in advance for any help you can give - I'm new to the forum! Myself and my partner have currently saved £4000 in the help to buy ISA'S. My grandparents have offered to loan us £5000 so we can buy sooner, as we are currently throwing away £550 in rent a month. Our thoughts are that if we did buy a house and we paid…
