-
Sold house to tenants, are they due a rent refund?
I have sold my house to my tenants, we completed half way through the monthly rental period and they have asked for a refund for the remaining 15 days of the rental period. Should I pay this? Their solicitor caused a weeks delay on completion which meant I had to pay the mortgage for the month and additional rent in the…
-
Exchange & Completion Deposit - Confused :-(
Hi everyone! I hope someone can help me understand this as I am sooo confused with conflicting information. I am in the process of purchasing a house for £135k & have agreed with the bank that we will be putting down a 10% deposit - £13,500. We will be purchasing with a Help To Buy ISA but understand that the bonus can't…
-
Freeholder has not registered the title at Land Registry
I purchased a leasehold new build 4 years ago under Help to Buy. The developer sold the Freehold at auction 18 months ago to a company which residents are now in dispute with and have a FTT hearing next week and has lodged an application for the RTM. When searching the Land Registry as part of the Tribunal proceeding we…
-
To sell or not to sell...
Hello, I am thinking ahead a little and just wondering what the best thing to do is. I have been working hard on getting a passive income which has paid off, so later this year I am off to sunnier climates where the cost of living is lower than where I currently live. I am currently almost 4 years into a 25 year mortgage…
-
Handing in notice before purchase completion
Good afternoon all, I have exchanged on a first purchase number of weeks ago and am completing on Mon 11th June 2018. Our lender have confirmed they are releasing funds in readiness on Fri 8th June 2018. I have been job hunting and am looking to hand my notice in as soon as possible. I have been offered a new position and…
-
Restrictive Covenant Query
Hi all, We bought a house last year and there was a restrictive covenant affecting the adjoining farmland (not owned by us) to the back of our property, which we were not that fussed about as the previous owner said nothing/nobody had taken interest in the land in all the years she had lived here and we checked the…
-
Extending or Moving?
Hi there. Long time lurker but this is my first post here. Many thanks for reading. We (family of 4, we in our early 40s, children 8 & 5 years old) have been living in our area in London (zone 4) for about 8 years. We have a bog standard 3 bed semi 1930s house in suburbia. The area is in many ways convenient with a large…
-
Selling when one party doesn't want to.
Hi all I bought a 2 bed upper flat 50/50 with a friend 13 years ago. It was meant to get our foot on the ladder and maybe be an investment but was never neant to be a permanent thing. I moved out 10 years ago and got married, had kids and moved in with my wife in her house, while my friend stayed in the flat with me…
-
Sole access roof terrace - seeking demise
I live in a purpose built flat block with sole access to a roof terrace. I would like to build a modern glass-box style room on the terrace. The roof terrace is one floor below the top of the building. As there is a high wall either side, it would not change the silhouette of the building, the glass box being below those…
-
Evicting a family member
Hi folks, My wife's side of the family are having some difficult times right now. Her grandma lives in a house that she owns outright. It's been in her family for ages, she's lived there all her life, though I don't know exactly when she came to own it. No mortgage. Grandma has an (adult) daughter living with her. Daughter…
-
Stamp duty on second homes
My partner and I want to buy a house together in joint names. His house has now sold, I still own mine. No mortgage is involved in the purchase of the new property which will cost £565k. Is it best to take a hit on the higher stamp duty rates as I will then technically have ownership of two homes for a while. I will be…
-
Late fathers House selling
Three Months ago my father passed away after losing his battle with illness. My sister was made executor of dads will and is supposed to be dealing with his estate. The will states the house is to be sold and the money divided three ways. I have offer to buy my sisters out by paying the market value and I would become the…
-
Ground rent query - is this reasonable
I put an offer in on a flat in February. I am renting and the flat is empty so I thought I would've moved in by now. My solicitor has flagged a possible issue with the ground rent. She hasn't offered me any advice other than to say 'the point here is whether both you and future owners and lenders will view the ground rent…
-
Daughter sold house, pay proceeds to another
Hi our daughter has sold her house after splitting with her partner,
-
Small house - are we making a mistake?
DH and I are planning to put an offer for a two bed semi-detached house which we have seen in our preferred area (zone 5) in London. We are currently renting FTBs and are planning a baby come next year and need more space.The house itself has an area of 860 sqft, it's well-priced and close to a good primary school and…
-
Is £30K deposit enough?
We're a young couple looking to purchase our first home later this year. We've got £30K saved currently, both have a salaries of £46K. Aiming to buy something around £250 - £275k. Do you think this deposit is passable or are we being unrealistic?
-
Wait for Probate or get things moving?
My friend has had an offer accepted on the 'house of his dreams'. The owner has passed away and it's being sold by the family. The estate agent now informs him that Probate has only just been applied for and should be about 2 weeks. I myself have sold properties under Probate and think 2 weeks is a little optimistic for…
-
Barn conversion that has gone very wrong
Hello all, I am looking for some advice on a problem My parents - both elderly, began converting a barn on their farm in 2014 they got half way through and then ran out of money so can not complete it. They were hoping to gift / sell it to my brother so that he could get a mortgage to finish it. They were unaware of…
-
House purchase: choosing a solicitor?
Hi all I have done a search on Money Supermarket and have found numerous companies to handle the legal aspects/searches related to the house I am buying. However, I am struggling to choose. How beneficial is it that the solicitor is very local i.e. within 10 miles? What factors other than cost should come in to it and how…
-
Lodger wanting to cook
In need of a bit of extra money, I decided to get myself a lodger - Ended up getting a very quiet pair.. She is wanting to cook meals for both her partner and me, and has wanted to know when I get home from work so that food is ready. Never factored this in to the rent, nor did I expect it which leaves me in a bit of a…
