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First time buyer
Hello this advice is for my friend. I’m not in a position to buy a house anytime soon! Just some general advice they are looking for: Current salary £34,500 No debts, no cars on finance. is looking to buy first house for £180,000 with a 5% deposit at £9,000. With the help to buy scheme from the government at 20% so…
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Problems with Barclays Mortgages
Hi Just wanted to share my current issues with Barclays bank. We are in the process of moving house. Barclays were happy to help by porting our mortgage to the new property. Unfortunately, the bank decided it didn't want to loan on the property we are buying. We were not told why in detail as the survey was not disclosed.…
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Brexit, Mark Carney and the housing market
I woke up this morning to reports of Mark Carney telling the cabinet about threats of a 35% drop in house prices and a big rise in interest rates if we end up with a no deal Brexit. I’m 2 to 3 weeks away from exchange so I’m fearing the worst with buyers further down the chain. What are everyone’s thoughts on this sorry…
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Getting Blood out of a Stone
I'm now 4 months into buying a property that had belonged to a deceased person. Although I have now sent the funds to my solicitor, signed the contract, and completed TR1 etc, I have heard nothing regarding the executor's Probate application. Despite ringing and emailing the EA and solicitor, I am getting no firm answers,…
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Buying a house - visa considerations
Hi, my wife and I are first time buyers and have had an offer accepted on a property, which we are obviously very happy about! We were chosen over a competing (& slightly higher) bid as we can move quicker than the other people. However, my wife is a non-EU national and her further leave to remain visa extension…
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Shared Ownership - Staircasing to 100%
We are hoping to staircase on our Shared Ownership property from 50% to 100%. Our current mortgage deal runs until end of November. Does anyone know how long it takes to go through the staircasing process from valuation to completion? Thanks in advance.
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Remortgage Subsidence
A perfect storm has arisen. Remortgage is up for renewal. We have negotiated a great deal after completing some huge works on the house. We have had to go for another 90% to cover the cost of some of the works but this is manageable and will free up a lot of money In the month. All good...we came back from holiday (camping…
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Farnham area - honest opinions needed
Hi. We're thinking of relocating to Farnham to be close to family but don't know the area at all apart from a few day visits. Does anybody know it well enough to comment on what the areas of lower hale (by the hospital and up by farnham Park) are like, and also the bit over by the Ridgeway school? Would also appreciate any…
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When would you list??
Hi, newbie here! We have reserved a plot for a house that won't be built until summer 2019. The builder is a small independent developer who knows we will only exchange up in sale of ours and is willing to wait. We have a house to sell that has been fully refurbished but we really don't know when to list it. The developer…
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rental income below £2500?
hey, I calculated my rental income for 2017-2018 using HMRC examples: (https://www.gov.uk/guidance/changes-to-tax-relief-for-residential-landlords-how-its-worked-out-including-case-studies) : I started renting my flat from September 2017 so figures for period 09/2017-03/2018 are: rent - £3975 mortgage interest - £2301.33…
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Enquiries
Hey guys, I'm a FTB who has been currently going through the buying process since the end of may. There are no chains involved. We have been waiting on final replies from the sellers solicitors, which we received the other day after speaking to the EA, only to find out alot of it was missing so now back to waiting again!!…
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Rented property dead trees blown over who is responsible?
Hi, We are about to leave a rented property. At the beginning of May when the weather was very windy two dead conifer trees fell over in the garden. I told the landlord at the time, reported it to the letting agency and spent months chasing it up but the landlord never came round to take them away. We had other issues…
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Lawful Development Certificate
A neighbour spotted a window being delivered to our home and complained to the council as we are in a conservation area. I spoke with the guy today and he is satisfied the proposed replacement is fine. It’s to the rear of the property and in-keeping. I didn’t mention I had already replaced the back door and kitchen…
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can ex wife force sale of house
I purchased a house with my ex wife in 2006, we divorced in 2008. during the divorce no agreement was made about the house as she didn't want any thing to do with it. now after 10 years she's demanding I give her my address, for her solicitor to send me paperwork forcing the sale of the house. the house is rented out, and…
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Compulsory Purchase Order.
Hello. I'd be grateful for any information anyone might have. I rent a house from a Housing Association and have to leave because the Local Authority are buying it to re develop the area. When I've phoned the HA with my questions I've been fobbed off (they've always been useless) What I want to know is will I be entitled…
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New Tenancy - lots of landlord visits
I started a new tenancy at the start of July. It's for a year and the property is usually empty for a week during crossover periods, from past knowledge. Since I've been the tenant, so 2 months, I've given them their requested permission to enter 8 times. Reasons for access have been varied: measuring for new carpets,…
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Ground rent doubling after 25 years?
Hi, in need of a bit of advice, I am in the process of buying a leasehold flat and my solicitor has flagged that the ground rent doubles every 25 years (from 2015, when the lease was extended by the seller). He said in his report that he believes this is unreasonable and I should think carefully. It's all new to me and I…
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Bidding on a Reposession
I was recently Gazumped by a cash buyer on a repossession I was close to completing on, I have since made higher bids which have been accepted and then matched by the cash buyer. Today I made a higher bid and was told it was rejected by the asset management company as the other buyers are in a better position. I thought…
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"Buyers" who don't even have their house on the market
My house is up for sale at the moment. I'm in a cold market if that makes any difference (the quiet North East England) but the house is priced fairly and there's been a handful of viewers in the first week. The agent have sent round a few different types of viewer, but the most common type is those whose house isn't even…
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Land Registry title transfer issues
Hi there all, I posted here a while back regarding Land Registry processing times, but now have an issue with the decision LR have reached. I have a buyer in place for my house, but there is a restriction in place on the property title that states the directors of the management company listed on the title must agree to…
