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Critical Illness / Job Loss Cover, etc.
Hello all In a couple of months (fingers crossed) I'll become the owner of a one-bed flat. I've been renting until now. I know that I need to get insurance which will cover critical illness, job loss, etc. I also know that as I have no dependents, I don't need life cover. My mortgage broker did suggest this type of…
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Sold House, what next?
Hi, My mum has just sold her house. She is looking at buying a new home that will not be ready until January / February and will be reserving this house on Saturday. She is looking at moving out and live with my Auntie for a few months but do you think it is worth asking the buyer if they will allow her to stay until ready?
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Vendor has taken items on Fixtures/Fittings list
After 7 months of many delays and waiting, we finally got the keys to our first ever house yesterday. Unfortunately the elderly vendor had had a clearance firm in and they have taken items which were on the Fixtures/Fittings list as remaining. We have contacted our conyenancer, who has said the the vendor's family want to…
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First time buyer: Trust Declaration
Hi there, I am a first time buyer with my girlfriend of 5 years. We are purchasing a shared ownership property. I am waiting to be assigned a solicitor for our purchase an thought I would raise the question on here whilst waiting. We have applied for a mortgage and will be using my significant deposit of £60k to help lower…
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Dodgy Eatate agent or not - what would you do...
Sorry for the deliberate vagueness but I'd rather not expose too much detail. To use a property for a specific purpose requires planning permission. That's difficult to get. Or if it's been used for that purpose continuously since a certain date it has grandfathered rights but the owner has to be able to prove it. I had an…
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Shared ownership subletting / buy to let problem
I bought 50% of my flat 13 years ago. I wish I had bought the rest a few years ago, when I first had the opportunity to.. I've had to move away for my job and have been living with a new partner. My flat is unoccupied most of the time, so I'd like to rent it out. As per all or most SO properties, its written into my lease…
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chain process
We are FTB. our offer has been accepted, our vendor's offer has been accepted as well even before ours. Our vendor is going to buy a probate property so no chain on it. but for sure we depend on our vendor's purchase. I just wonder timescales, I initiated the process, valuation arranged, the mortgage is on the way. I am…
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Party wall issue with neighbour
Hi All I was wondering if you could offer some advice. I received a letter from our neighbour today informing me of their intention to erect a workshop in their front garden. The letter specifies that they intend to build a wall on the boundary line between our properties. The letter states that they will not be…
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Changing locks
Can anyone answer a question for me please. If a couple split up and one of them keeps the house and has the children, if the other partner won't give the house keys back, does the partner with the house and the children have the right to change the locks on the doors. I say yes go for it but someone else doesn't think…
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At what point will solicitors set exchange/completion date?
I'm waiting....waiting.... Buying a house - all searches done, questions answered, contract signed..... Selling my flat, lost a buyer, found a new one, FTB, valuation and survey done....they are waiting for formal mortgage offer which shd be early next week if all is well. They are on the ball so far and keen to move as…
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Stamp duty on 'second' property
My girlfriend and I are in the early stages of purchasing our first home, offer has been accepted and solicitors have been instructed. We have fully budgeted for all costs, including £1700 stamp duty. Whilst answering questions from the our Mortgage adviser today it was brought up that my girlfriends parents put her on the…
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Buyers requesting builder to survey extension
Hi all, We have been in our house 3 1/2 years but it has an extension and a wall knocked through from kitchen to dining room that was all done about 17 years ago. We dont have any building regs certificate for the work, only an indemnity policy. The house has sold 3 or 4 times previously with no issue but our buyers after…
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CGT on shared ownership with Dad
Hi all, Not sure if this is for here or for the tax I am looking for some advice as I am in the process of selling my apartment which I co-own with my Dad. I was living in the property when it was sold and therefore I avoid the capital gains tax on the sale, but my Dad wasn't and whereas he has calculated this income on…
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Paying off your mortgage
Just wondered if in this day and age paying off your mortgage where you live is a good achievement and a long way towards a nice retirement? Some people still talk about buy to let but it doesnt to me look as easy as it once was and means borrowing money/ leveraging. Thoughts welcome.
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Just a quick query on levels of damp.
Ok, me being curious again and having had a flood in previous property was just thinking about the dampness on a wall, more as since I noticed it getting moisture I have been getting a lot of spiders and recently beetles. I noticed a sticky mark but can't tell if paranoid in hallway outside bathroom, (pipes for upstairs…
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If Rent is put up...
am I correct in thinking That if a landlord increases the rent , a new rent agreement has to be drawn up... If the rent is put up without a new rental agreement , what could be the consequences ? thanks in advance
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Garden Boundary Position
Hi There, Not sure if this is the right place to post this but I am in need of some advice regarding garden boundaries. We own a first floor leasehold flat in London. The property is a Victorian conversion and contains two flats in total, first floor and ground floor. Our freeholder is the local council. Our title…
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Buy to let, should I incorporate?
Hi guys, I have an offer accepted on a second property to my main residence that I intend to make a rental. I intend to leave this with an agent to manage long term, and I dont intend on taking out any profit, I will just let the rental pay off the repayment mortgage (75% LTV). The property is a £185000 2 bed flat with…
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If you have set up a Ltd Right to Manage Company
do you have to have a business bank account. It will be a very small concern as there is only 3 of us and we only want to pay a monthly sum in and pay out ad hoc bills so not big useage. One of us has an unused personal account and wants to use that as he has moved around a lot and doesnt think he will pass a credit check…
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Are we allowed a rolling monthly contract?
Just passed referencing and now looking to sign the rental contract on 22nd. We would have need to use guarantors but decided to pay 6 month rent in advance because we need to move asap and I want to avoid any communication delays. Agent has just send us our tenancy agreement which stated the payment terms is "£X…
