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Vendot not responded to reduced offer-how long to wait?
I had my survey back for the flat I'm buying 2 weeks ago and put in a reduced offer to reflect the surveyor's valuation. The vendor (a developer) asked the estate to query the valuation with the surveyor, who was very professional and explained his reasons but I haven't heard anything since! I want to know what's happening…
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Stamp Duty on a Shared Ownership property
Hi there, I would be really grateful if someone could explain to me how the Stamp Duty charge works on Shared Ownership properties? I have reserved a Shared Ownership property priced at £340k. I would like to purchase 75% of this, which is 255k. Some advisers have told me that I would need to pay the full 100% Stamp Duty…
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Beware new builds & nuisance neighbours
I just wanted to post this to any of you looking at purchasing a new build now or in the future and something many of us would routinely overlook. One of the main issues many of us face in areas where we live or would like to live is compatibility with neighbours. On existing estates it can be more tricky because of those…
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Risks of buying from someone who was declared bankrupt and valuation query
Hello! We are ftbs and had found a property we really like last week, but there seems to be something strange going on with the vendor and we're now unsure whether to proceed. Long story short, two similar sized properties within our budget goes up for sale around the same time in our preferred development. We viewed…
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Is our let-to-buy project a good idea in the new BTL environment?
We have been to a couple of mortgage brokers to see if we can remortgage our two-bed flat as a let, release equity and buy somewhere slightly larger with a garden. They have both made the numbers work - just. We would go from having 50% equity in our flat with £1,025 a month mortgage payments to 25% equity and an…
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Mine Shafts
So, we have found our dream home and almost on to exchange of contracts and our solicitor has come back to say don't touch the house with a barge pole due to the proximity of the mine shaft. There's a mine shaft in the garden approx 5-10m away from the property. The mine entry interpretive reports states its within the…
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utility bills
Hi I rent a studio for in the beginning $ 1,350.00 a month and a $ 100.00 a month for water and elec. Now it is true i stay up late alot of nites on the computer and beause of his comlaining about the bill i am paying $ 1,500.00 to satisfy him but rides me all the time.. Can 1 person use $ 150.00 a month of water and elc
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Stamp duty advice please!
Stamp Duty advice needed! PostTue May 02, 2017 9:53 pm Hi, We have three properties as follows: Property 1: Owner A Property 2: Owner B Property 3: Joint owner A & B (unmarried). This was bought for a main residence, but work opportunity relocated us and now we are in rented elsewhere. All three properties are rented. We…
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Renegotiation after homebuyer survey?
Hello, I have a question about the Homebuyer survey and subsequent renegotiation with the vendor. I am a buyer and I'm awaiting the written report from the survey but having had a quick chat with the surveyor over the telephone, he's suggested that that there is 'potentially £3K's worth of negotiation on the property' This…
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Time frame on sale of our house
Hi everyone, this is our first time buying and selling so was hoping someone could give me a rough timeline of events. We accepted an offer on our house a couple of weeks ago to FTB but they changed solicitor so only instructed the new one last week. So far we haven't found anything suitable but are gonna push the sale…
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Renting selling empty
Hi I have a query and I wonder if any one can advise: I bought a house 3 years ago (270000) and lived in it since (mortgage 30 years) I am moving out for one year (after which I am not sure what would happen) also after 4 years I might have to move out completely so there is a bit of uncertainty. what is the best option…
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MSE News: Taylor Wimpey sets aside £130m to help leaseholders trapped by onerous...
Housebuilding company Taylor Wimpey has earmarked £130m as part of plans to help customers trapped in onerous contracts...Read the full story: 'Taylor Wimpey sets aside £130m to help leaseholders trapped by onerous contracts' Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure…
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House prices
Hi, I live on a new build estate, we have 4 old mills at almost arms length which are grade 2 listed dilapidated and rundown. We have received word that these are to be developed and turned into apartments Hurrah. Is that likely to drive up or down the prices on the not so new build now. Prices have risen from 148>180k for…
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Homebuyer survey provided wrong lease length!
Hi all I hope someone can point me in right direction. Back in 2007 I bought a leasehold flat. At the time I opted for the middle tier Homebuyers survey. They provided survey details which stated there was a good 89 years on the lease. It turns out that at the time there was in fact only 76 years on the lease. Those…
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House close to stamp duty threshold, what do we do?
Looking at buying a farm house with a bit of land so please excuse the crazily high figures:o It's on the market for just over a million, been on the market a while and we think it's worth somewhere around the mid £900k mark. The stamp duty jumps from 5% to 10% at £925k, 5% is just about doable for us but 10% and we're…
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Survey Woes!
Good evening I hope you are all well We are currently in the process of purchasing a 1960’s style townhouse, with three bedrooms. The property has a flat roof, which we have had inspected by an experienced roofer, and he has advised that this is sound. The property to my untrained eye appears to be in good order. We are…
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What do people think to this property
I am just intrigued by this place...... going for a viewing on saturday rightmove.co.uk/property-for-sale/property-65398880.html (cant post the link as a new user) just wondering what people think of it as an opportunity to convert it into one house, lovely large amount of land. Realise it would be a huge amount work ( i…
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Debt agency for housing association repairs
Hi. I hope some of you can help on this. My pensioner mother lives in a Housing Association flat. In 2014 the housing association had to call out Dynorod (or similar) to unblock the drains as they had fat in them and were backing up. Shortly after this my mother revived a bill for the clean up. I tried to argue this but…
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Mortgage Allowance for Repairs
Afternoon, I am in the process (with my partner) of buying our first house. We have agreed a price for the property and had a formal mortgage offer from the bank accepted as well. A valuation survey for the property says there is an issue with the wall ties (independently confirmed) and the work will cost £1000 to correct.…
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New to this and overwhelmed!!
Hello :wave: I am finally at the stage in my life where I am in a secure job and in a position to think about getting my own place. I have always been in minimum wage, part-time jobs up to now. It was hard for me to save and anything I did save I spent on holidays, but I don't regret that :) My current job isn't…
