-
Revised GR terms good?
Hi Again, I am negotiating my lease (125 years) for a new flat (first lease, victorian conversion) I'm proposed to exchange contracts on soon. The initial GR terms were set at - £400 pa doubling every 25 years. After my bank refused to lend on these terms, they changed it to: - £400 pa to be reviewed with RPI every 10…
-
Indemnity insurance for deed of covernant?
This is a bit complicated! I live in a house which has a barn beside it. This has an upstairs area and at the back are two coal sheds. This is all one building. It is attached to my neighbour's house but not mine. We own the downstairs and upstairs but the coal sheds belong to my neighbours and the neighbours next to them.…
-
Ground Rent doubling every 20 years...
Hi all, I would like some advice please. I am in the final stages of buying a Shared Ownership 1-bed flat costing £275,000. I have just found out that the ground rent on a 125 year lease is going to start at £250 per year, doubling every 20 years. This will mean that by the time the lease is up, the ground rent will be…
-
Landlord or tenant responsible for wasp nest removal ?
Hi My tenant has found several small nests (probably wasp but I haven't been to look at them yet) in their loft space, which weren't there when they moved in. There hasn't been a wasp problem previously. I imagine they are getting in through a crack in the joins of the soffit board somewhere. Who should be responsible for…
-
Buying into a Property and Considerations
A friend for 30 years has asked if I would be interested in buying into a property she owns as she needs the money to help complete her next purchase. It was valued at £400k with a mortgage of £300k. Its currently rented out and she is happy to continue to manage it for the next 5 years at which time we agreed to sell if…
-
Window warranty
Hi guys, Looking for a bit of advice. We bought a new house just over a month ago and the lock in the handle has broken on one of the upstairs windows. We’ve got the warranty from the previous owners who fitted the winddows and there’s still 6 years left on it. We’ve called to find out how to claim etc and they’ve said as…
-
Council Tax and living in UK for 6 months or less
Hi, Do you attract CT surcharge of 50% if you are living in property for less than 6 months during a year? There is no other residence in UK. Rest of the time is spent outside UK. Thanks
-
BBC article on Tenant Rights
Interesting article from the BBC about Tenant rights and eviction here: http://www.bbc.co.uk/news/business-44041999 Some good info I think, but note the common mistakes at their end too about credit "ratings" grrr... To correct this: You have a credit history, not a rating, which many lenders can see. BUT - a landlord is…
-
Shared ownership valuation differences between the purchaser and sellers report - help!
I'm currently in the process of purchasing a shared ownership 2 bedroom property, I had my valuation report done by my mortgage lender (HSBC), but valuer has downvalued the property by over £40k. As a first time buyer, I’m concerned with the significant difference between the actual valued price of the property (£255,000)…
-
Renting - Deposit return issue- Agent changed during end of tenancy
Hello All During our tenancy period , Landlord moved from one Letting agents to another agents. So we paid last month rent to new agents and also gave end of tenancy notice before i paid the last month rent ( 35 days notice i gave actually ) Check out done - only minor to deduct slight amount for not 100% cleanliness £30.…
-
Notice on privately rented property and homelessness
Good evening, Any advice or wisdom would be much appreciated. My partner and our daughter relocated to SE to a privately rented property in 2015 for job opportunities (he works in central London and I was working locally). However after one addition to the family and one on the way we realized we would have a much better…
-
Divorce, Tax and Properties
Good evening all I'm hoping to be able to get some advice on quite a complex situation. My husband and I separated 8 years ago after 15 years of marriage and I left the marital home and have rented privately since then. We bought the marital home before we got married and the house is still in both our names (his name and…
-
When do we start thinking about surveys?
Hi, First-time buyer here, just had an offer accepted. I've been speaking to a mortgage advisor and am currently getting quotes for conveyancers, but when it comes to the survey I'm a little lost. We're buying a fairly normal flat in good condition, don't anticipate doing any major work. From what I've read we should…
-
Possible Neighbour Dispute - Boundary Issue
Good Evening. We live on a main road with no parking at any time. Not a problem as we have an access road behind the houses where we all have parking at the rear of our gardens. The access road is also shared with another road running in parallel(ish) and they also have drives/garages available to them from this…
-
How long from mortgage interview until completion?
Hi, was just wanting to know how long it usually takes from mortgage interview to completion of sale? I know everyone’s circumstances are different but just to get an idea... I’m a FTB, already have AIP, seller is already in their new house, so the one I’m buying is sitting empty. My valuation is being done before my…
-
Buying a house subsidence discovered
After spending a year searching for a house finally put an offer on what will be the forever house. Offer excepted moved on to the searches to find out the garage which is detached from the house has had subsidence 13 years ago. It was uderpinned and no problems since. No work was needed to be carried out on the house. We…
-
Letting Agent - Inventory Check Fee Error
My daughter has just moved out of a rented private property. She is still waiting for her deposit to be returned. It is well over 10 working days now. That is just one of the many issues she has had with the letting agent and landlord. The letting agent was asking for £90 for an inventory check fee. On looking at her…
-
Chain price reduction?
Hi All I'm just after some advice please, this sounds like a really stupid question so apologies in advance. We are in the process of selling our house and buying a new one and there are 5 people in our chain. The lady buying our house contacted our EA this week to advise that the buyer for her property had the survey…
-
Buying property - historic removal of internal wall causing problems
I am buying a house and was due to exchange tomorrow, but everything’s now up in the air. The lender is refusing to proceed because there is no evidence of building regs for an internal load-bearing wall that was removed at some point in the twentieth century. I’m absolutely livid because we have been consistently advised…
-
Freehold purchase -Solicitor's fees
What are the fees typically charged by solicitors in Yorkshire for a freehold purchase for a leasehold house. I have been asking around and the fees quoted have varied from a flat rate of £300 to variable rates going up to more than £1000!
