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Buildings insurance and Life insurance
Hi All, Does anybody know when the best time is to get Buildings insurance and Life insurance because our mortgage broker is pushing for us to get it as soon as possible but I don't see the point in getting and paying for it now because we haven't even had our mortgage approved yet and completion wont be for another few…
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CGT on house rented out whilst abroad?
Most gifts or sales of own house do not incur GCT (I think it's called Principal Private Residence exception). Does anyone know if while living abroad for work purposes for practically all of a career, one bought one house in the UK with the intention of retiring there, and this intention is proved by then living there a…
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Purchasing parents house
Hello everyone. I have a question, it’s quite long winded so apologies. I recently split from my partner and walked away with nothing, I have currently moved in with my parents. Due to reasons I’d rather not go into, my parents have an interest only mortgage, which has seven years left. After that they have the chance to…
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Delay in getting Help to Buy ATP yet exchange date is 19th May
Hi All, There's been a delay in getting my HTB Authority to Proceed. Part of it appears to be incompetence of mortgage advisor. They have been sending the form to the help to buy authority with inadequate information and it's been returned on 3 occasions. The ATP finally got issued on Tuesday, then it transpired that the…
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Vendor Forced Me To Exchange - Help
Okay so a bit of background to the story before I ask for advice. I had agreed to purchase a property from Crest Nicolson in January. I am a first time buyer and a fairy young one too at 21 years old. The house I agreed to buy was £550k which is a large commitment for anyone. I am on a commission based job so my earnings…
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Freehold house, leasehold garage insurance
Hi, I am buying a house which is freehold, and it comes with a garage that is leasehold on a 999 year lease. It is my responsibility to insure the garage, do I need to insure the garage separately to the house? Thank you
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Bigger house with housing association?
Hi All, I'm new to this so if it ends up in the wrong place, apologies! Anyway, I live in a tiny 2 bed house which I rent from my local housing association. I have 2 teenagers in a tiny box room and myself and my partner in an average sized room (our bed doesn't fit in the small room). The children are getting older and…
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Do I have to pay deposit if paying cash from sale
I want to purchase a house with cash from the sale of my current house. Would I be expected to pay initial deposit on house I want to buy? Thank you.
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Ground rent - park home overcharge
Hi I wonder if anyone can advise My 76 year old mother has lived for 6 years in a park home. The park is privately owned and she pays ground rent to the owner of £191 per month (this has gone up year by year) She originally paid £115,000 6 years ago A different park home has just gone up for sale. This is a slightly bigger…
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When do we pay our deposit?!
Hi everyone, My partner and I are first time buyers and have just put a reservation fee down on a new build house. However our circumstances are a little bit different as the house we are buying is under the Council Affordable Housing scheme so we own 100% of the property but we only pay for 60% and don’t pay rent on the…
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Am I first time buyer or not?
Hope someone can help! My husband passed away 3 years ago and the house was in his name only. However he left the house to me in his Will and I had to go through Probate. My question is, as I'm looking to buy and move to another house, am I classed as a First Time buyer? I've never owned a house until now ! Thank you.
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Gap between Exchange and Completion
I am in the process of selling my house and buying somewhere else. The chain is 5 properties long with one property to tie up some small inquires. The chain wants to complete on the 25 May, however we have not exchanged yet and I am worried because no exchange date has been mentioned, just that we are all on course for 25…
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Temporary 2nd home, stamp duty charge.
I currently own a property but have a new job for the next 2yrs elsewhere so we have decided to buy a 2nd property near my new job. We will be keeping my existing property to move back to once my job is complete and then selling the 2nd property. What I'd like to know if someone can help is, would I be able to have the 3%…
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Understanding how my ground rent is calculated
Hi, I'm in the process of purchasing a flat for £230,000 And my solicitor has flagged that my ground rent could potentially be onerous. I have read a lot on this since she flagged this to me and I am lead to believe that any ground rents starting over 0.1% of the value and that double every x amount of years are indeed…
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Conveyancing - joint tenant deceased
My FIL died recently. MIL is permanently is a nursing home so flat will be up for sale once I’ve obtained deputyship to sell it (she’s lost capacity so is unable to agree to the sale). Do I need to get him removed from the deeds first before a sale can proceed or can the deeds just be sorted at sale time?
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Freehold Contracts
Really hope someone can give me advice on this matter. I purchased a house with Persimmon that was leasehold and always had the intention to buy my freehold after two years. However due to the fact my build ran five months behind schedule I was offered the freehold because my mortgage lender was no longer happy to give me…
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self-build, permitted development rights and AirBnB
hi we recently finished our self-build home which includes a detached garage. the planning permission specified that new dwelling had no permitted development rights. the garage has been built in accordance to the original design specifications, which from the outset made it clear there would be electricity and water…
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Sale of property
GDPR Right to Erasure should apply on this website.
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Reasonable time for a New Build defect to be remedied?
I bought a new build flat back in July 2017 which is covered by a warranty provided by Checkmate. By September it was clear there was a significant latent defect whereby rainwater would soak into the plasterboard above one of the windows and start to pour onto the sill, almost every time it rained heavily. I raised this…
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Can you part exchange your property if it was bought with HTB
Hi my current property was purchased using the HTB scheme 5 years ago and I'm now looking to move across the other side of the country. I need a relatively quick sale of my current property and friends have suggested looking into part exchange for a new build on one of the developments in the area I want to move to but I'm…
