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SDLT on leasehold property?
Hello, Just doing some research on a flat I'm potentially looking to purchase. As i understand it the property is leasehold with a 999 year lease with a "Pepercorn rent" starting some time in the 1990s. Looking that the government SDLT website, i'm finding the information as clear as mud. But i think this is the bit that…
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Neighbor's damp affecting our house
Hi, We are currently in a bit of a dilemma at the moment and would appreciate some advise. We own a home and currently having problems with damp in a room upstairs with a conjoined wall. It started months ago with the new neighbors who agreed the problem was coming in from their side. A few months have gone by (10 months)…
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Buying a second house before selling first?
We live in a house which is in my name, my husband has sold his property already. I have no mortgage. We know where we want to buy - but we don't want to move there just yet, so are considering buying now (house prices keep going up there) and renting it out. As we are just starting to explore this - IF we bought the new…
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Poor credit shared ownership mortgage?
Hello We started the process of buying a house. Mortgage was agreed in principle. Last week barclays rejected the mortgage!!! Husband has some defaults on his report. Contacted Which? Mortgage broker last thursday and they said they will find us something. Is this true? We have a 15% deposit. We only need to borrow a 25%…
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Boxing Day house-hunters
Some EAs are saying that Boxing Day is a really popular day for buyers to brows online on rightmove etc. I'm wondering, of those who go on to book viewings, whether more than usual are time-wasters or whether the Christmas holiday week really is a time for genuine buyers? Given the effort in prepping for a viewing, and…
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Buying an underpinned house
We're in the process of buying a house in St Thomas in Exeter. The neighbourhood suffered a flooding in the 1960's and as a result many of the houses suffered subsidence which is widely known. We asked the vendors whether the house has been underpinned as we know some in the area are, they said they were not aware. Two…
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Buy neighbour's house to tear it down for land
Hi, I was wondering if it is viable to buy our neighbour's detached house (currently on sale) and tear it down for the land and possibly a house extension after a few years. I can't even begin to think about how the finances would work. What kind of financing options are typically available? Bought by current property two…
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Mains gas pipe in new house. Telling me it needs moving help!!!
Hi everyone. Im new and hope this is where it needs to be. Ive just bought a house in west yorkshire. It wasnt in bad condition but before i moved in i decided to decorate new kitchen bathroom etc. My gas metre is in my kitchen so my fitter rung transco to fix the meter back to the wall upon this the engineer has said my…
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Shared Ownership Charges
Hi I am in the midst of progressing a shared ownership application. They have provided a breakdown of charges and these include: rent, service charge, maintenance charge, management charge and buildings insurance. Can anyone explain why there is a separation between some of these as I thought servie charge covered…
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Rent a dream or buy a dump?
I'm interested in hearing your opinion on whether you'd rather rent a lovely home in a nice area or buy a dump in a rough area to get on the property ladder. I won't say any more because I don't want to influence your answer.
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Wimpy no-fines
Hi. We have found the home of our dreams and things were progressing well until the survey revealed it was a non standard construction of a Wimpy no-fines. 1970. Our valuation of the house from the survey was a lot less than our offer but the vendor has agreed to come down in price to almost match the valuation. We have…
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House Buying Cold Feet
Hi All, I have been an active reader of this forum for almost a year now and now I am in need of advise. I was passively house hunting - keeping an eye on the market and area, and found a house which had all the right checkboxes at the right price. I offered a price for the house and upon little negotiation it was…
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Btl
What happens if you have a BTL mortgage but live in the property? And no one has ever paid you rent How does this work with tax? And the new rules. This is a random question as I don;t have a BTL but a friend does although she has lived there and now her daughter does so no rent
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Selling the main residence later: tax implications?
We are trying to sell our house and buy a new one. It is possible that our sale may fall through. We decided that we will proceed with buying anyway because we can finance the purchase from mortgage and savings. What financial implications will we have with such arrangements. I understand that we will need to pay increased…
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Woodford Area Review
Hi All, We are looking for 3-4 bedroom house within 1 hour commute to Liverpool Street/Canary Wharf. Budget is around 700k. We recently moved to London so no preference for any one area. Mainly looking for good state schools, low crime rate and educated middle class family neighborhood. So far, we think Woodford Green and…
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Valuation on new build
If we were to leave a reservation on a plot thats due for completion in April how would we get a valuation done before hand so that we are moving in on completion date?? Could it be that they just look at plots on the same build that are already complete??
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Carpets/vinyl - free fitting
I am thinking about having Vinyl fitted to my bathroom; wc; on suite and kitchen and then carpets to the rest of the house. I visited two local shops yesterday and here was the best quote: Carpet: http://www.unitedcarpetsandbeds.com/sunrise-almond-795 Vinyl: http://www.unitedcarpetsandbeds.com/luna-535-gallerie Fitting:…
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Why hasn't this house sold yet?
Hey can't post the link but its a 4 bed semi detatched house on Dewsbury Road selling for 225 on Rightmove. I really really like it and would pay 220 for it, probably swap the dining room and kitchen around but it ticks all my boxes. Close to station, park and schools, good sized rooms, doesn't need much work at all. So…
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Buy to let property abroad
My parents are currently thinking of selling a property they own in Portugal. They have had a couple renting it for £1100 per month for the last 15 years. The property is 5 bedrooms with a good bit of land and the first valuation they had was £230k...I think they were expecting more around the 300k mark. I don't really…
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Renting in Bristol
Moving to Bristol for work, and looking to rent there. Any advice on areas which are nice, or to avoid? I'm looking to be quite central. Also, rents seem high and agency fees extortionate! Any agency recommendations - or not - as I want one that isn't going to cause me nothing but problems over the next few months.
