-
Purchase BTL or pay off chunk of current mortgage?
Hi all, Let me start by saying that this is very early doors thinking and am simply weighing up options on the above, so any advice would be great. I have a mortgaged flat in SW London bought for £350k nearly 4 years ago - After works done ourselves it is now valued at approx £500-550k. £300k left to pay on it. I have…
-
How big a rent increase is fair?
Been renting quite a few years. Landlord has not done anything to house since me and OH have been here nor when previous tenants were here (about 18 years in total). We have done quite a lot of work to keep the house looking decent inside but the outside is looking bad now. Anyway the landlord didn't put up the rent…
-
Student housing - signing contract
Hi all My daughter has decided to rent a house with two of her Uni friends for next year. She has filled in all the forms and I am acting as guarantor for her. Anyway, the letting agent has been in touch to say that the three of them have to come to their office together to sign the contract and pick up the keys. Fair…
-
Timbercrib retaining walls - what happens when they rot?
There are some large estates near me recently built, with houses priced £400-600k. A lot of them are built on slopes and the gardens are bordered by a huge timbercrib structure, up to 10m high or so. So what happens when this reaches end of life? Are the builders likely to have a warranty in place for that amount of time…
-
Renting a flat - agency contract
Hello all, First time posting here. I am currently living in a flat, but I'm not on the contract. The reason for this, is when I was looking for a flat last year, I was still a student and had no income - my application was rejected but due to me having no other real options, and the other two tenants wanting me to live…
-
First time buyer - HTB - one or two bed?
Hi, I wonder if anyone could help with any advice. I am a first time buyer looking to buy on a new estate as close to london as I can afford as I don't want to live too far away. I have established that although HTB is what I need to help me to be able to get a mortgage, the less I have to borrow in the equity loan the…
-
Land registry form AP1
Hi Don't know if anyone can help me with this: I need to complete the transfer of a jointly owned property into my sole name as part of a divorce settlement. I have TR1 signed by both parties but am now struggling with AR1. Should I be the applicant or does it have to be my ex who is transferring their share of the house…
-
So frustrating!!!
Apologies if this is answered somewhere already but couldn't see anything to match exactly what I was looking for. Long story as short as possible...we are in the final stages of this whole saga and we had to send off the Mine Interpretation report to the lender due to an old mine shaft being 20m from the property. It…
-
Leaving a rental - notice
Hi all Hoping someone can help to advise me. I am renting from a relative who I no longer have any personal contact with. Our relationship is no longer anything more than landlord and tenant. Here's a few facts.. I rent privately and we don't not have any contract. I have rented the property for about 6 years. I have had…
-
Purchasing freehold section 42 notice
Hi Has anyone bought a property and had the benefit of the section 42 notice assigned to them so they can purchase the freehold instead of waiting 2 years? I'm trying to get an understanding of the process but not getting much joy from the solicitors. Main questions are; 1. Who can grant the benefit to me? Is it just the…
-
Should i Sell or Rent my flat?
Hello everyone, I'm looking for some advice on what to do with a property I own (no mortgage). Basically should I let it out (via an agent), or sell it? Firstly, a little background: The property is used to be my main residence but I got married and moved away from Worcester, so let it out the flat to pay the mortgage (as…
-
Long Stop date or flexible date
I am first time buyer.. saw a house, liked it, made an offer. After some negotiations offer got accepted. Find the solicitor and mortgage advisor. And then agent told it can take 3.5 months as seller buying a house. Didn't like as it was not told before we made offer but agree as thought it's 1 extra month as we thought.…
-
Things to check when viewing rental properties
I know it sounds like a stupid thing to ask but I've only ever had two properties entirely to myself and the second place (where I'm now in) has been a nightmare from day 1! I am now looking for my next place to rent. So.............. What things are reasonable to check when I have my viewing tomorrow? I would want to…
-
Offer verbally agreed but Vendor then accepts another offer
I finally found a shared ownership house I wanted to go for and viewed on Friday night. The Vendor said there had been no other others at this point. I rang him early Saturday to make my offer of the asking price and he was happy. My mortgage adviser sent my AIP over to the Housing Association today and was told the Vendor…
-
Terrace V Semi detatched
Hello, I am pleading with the more knowledgeable people out there. We are naive first time buyers! (Not really sure what we are doing) We have recently been let down by the sellers of a house we fell in love with! Silly I know! However we have found somewhere which we like... it says on the advert that it's semi detatched.…
-
Is this a pre fab house?
We found a house we like the look of http://www.rightmove.co.uk/property-for-sale/property-66511979.html But I think it's a pre fab house so we won't get a mortgage on it. Can anyone confirm?
-
Damp Proof or Wait?
Buying 1900 house. Building survey says ground floor has damp throughout. Also says damp proof membrane is not high enough, and that external render on front of house needs to be removed to a certain level as it's covering membrane. House has been empty 4 years. Airbricks all OK. Would it not be wise to have the render…
-
How to approach a probate sale that's not on the market yet?
Hi everyone. I was looking for some advice/tips/do/don'ts on this subject. I learned through the grapevine that a lady has passed away who lived in an ideal property on the street we want to live and her children are looking to sell it. We missed out on another property locally that went to closed bids so I want to nip…
-
Is there any real need for me to be at the property during the end Inventory check?
I need to leave ahead of the removals van to get to sign the tenancy agreement at the new place and be at the property to meet them. The inventory person for my current place that is ending told me today that all stuff needs to be out when he does the inventory. If that is the case I would need to wait around for the…
-
Renting with bad credit
Does anyone know what credit checks will be undertaken for renting In summary renting for 4+ years never missed a payment .... Do however have bad credit due to a DMP.....now might have no option but to move somewhere new just concerned with the checks when application to rent Thanks
