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Equity release
Hi, My mum has an equity release charge against her property. I understand that it is a lifetime mortgage but can someone clear this up for me? Is there a mortgage I can apply for to pay off the equity loan, and keep the house within our family? Many thanks Stephen
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Purchasing a new build
Hey guys I’m looking at purchasing a new build but just curious of what limits I can push from your previous experience of how to get the best deal. We went to look at one today which I did have my doubts about the size but the sales woman offered us the bigger house with 25k off there and then but it doesn’t come with any…
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Stamp duty when selling primary residence and secondary home
I'm currently selling my primary residence and will be buying a new primary residence. I also own a secondary rental property with my brother and we are considering selling this property. I'm wondering what if any effects the sale of the secondary property will have on the sale and purchase of my new primary residence? Are…
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Signing Contracts for Purchase
Hi guys, When using an online conveyancer/solicitor, and you are emailed the contracts to sign ready for exchange, can you sign these and scan them back to them? Or will they need to be posted back? Thank you 😊
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'Nice to have' paperwork?
When we bought our house in February, we were left a lot of documentation from when it was built (2006) and the conservatory which was added in 2010. It's been nice to look at some of it - particularly a picture of the house pre-conservatory - but I'm not sure that it serves any real purpose now. I'm decluttering, and not…
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Concerned about using the broker recommended by the EA
I went to see a broker today recommended by the EA (they're independent but get commission) but I'm a bit concerned by the broker's fee. They want £300 upfront and £200 after completion. I know there are free brokers out there, but is this sort of fee normal and is there any advantage to using the broker the EA…
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Adult children of tenants
Hi all, my landlord (private) has just informed me that now my daughter has turned 18 she must pay her own rent for her room, £78 per month. I have lived in my current 3 bedroom house for 15 years and have had the dame landlord for about 24 years, they say it's new regulations but I'm suspicious. Can this be right? Andy
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Advice on Transfer of Equity gone wrong
Hi, I sold a property to my business partner in April of this year. We did this through a transfer of equity. Our solicitor handled the matter. As there was a mortgage on the property the solicitor liaised with them. The solicitor relied upon a letter from the mortgage company confirming that I could be released from my…
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looking for advice
Hello, First I feel that I should explain the situation, Our "landlord", he's acting on behalf of a trust, served us with a section 21 at the beginning of August 2019 because the trust has decided to sell the house. We ask for the details of the Tenancy Deposit Scheme the our deposit scheme was held with, he was very cagey…
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Buying House with Mum Investment?
I am looking at buying a house out-right with no mortgage, and my Mum wants to invest and put in a lump sum of the asking price, as she is looking at a property investment. I just wondered on the best way of doing this? Is it as simple as her putting in some of her savings, with me, to buy the property ie: £200,000 asking…
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Inheritance affecting first time buyer status
Hi all, I am due to inherit part of a house of a relative (no will and I’m next of kin along with my brother and sister). My share will be 33.3%. My sister is planning to keep the house to rent out so is going to “buy out” my share so she can keep it and rent it. Probate is currently in process. My question is: does this…
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Structural issue with garage
Hi I've recently had a homebuyer report completed using a rics surveyor, however, I've been back to the property today for a second viewing, and found a large crack in the side wall of the garage. This wasn't picked up by the surveyor (not sure how it was missed to be honest), and I am not sure what to do next.…
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Do-er Upper - Finance & Timings
Hi folks Any advice greatly appreciated on this. My partner and I have a property each to sell in order to get our mitts on a do-er upper property in Glasgow. - I have a mortgage on my flat - My partner does not have a mortgage on his flat - The 'new' house is currently unlivable, so we'd need a little time to get some…
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Estate agents ignoring instructions
Hello I'm hoping someone one here can offer advice. I am in the process of selling my house and accepted an offer from first time buyers 15 weeks ago. I am not buying another property so it is simply one sale. In all that time I have not heard from the agents, although I have emailed them with information a couple of…
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Accuracy of gov leaflet 'how to rent'
Answering a post about S21 validity today I re-read the Gov Leaflet "How To Rent" and noticed it says (page 4): Really? Unless the law has changed I see no reason the tenant can't ask for, say, a 2 or 3 month tenancy. And whilst a LL can never use a S21 to seek to end a tenancy earlier than 6 months, that does not stop him…
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Cancelled New Build Structural Insurance Policy
Hi, I bought a new build house in July `17, which included a 10 year Structural Guarantee policy, provided by the builder. I was informed in September last year that the policy was invalid, as the underwriter for the policy, Alpha Insurance, had gone into administration. Administrators tried to arrange a new policy…
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notice by landlord
we are on a month by month renting contract through an estate agent and the landlord has give us notice saying he wants us out by January ( he is moving back into the property) we have been saving to purchase our own house but there is nothing within our budget , and renting would be double what we pay now ( lucky to have…
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Should I haggle Agent’s fees?
Hi all, Just wanted some opinions please? We’re in the process of selling a house. We met with a couple of agents for valuations and decided on one agent as we liked the person, the company, and the price was competitive at 0.95% inc VAT. We had a couple of people already interested and they said there would be a clause in…
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Right to Buy Advice
Afternoon MSE's, I have a query about the right to buy scheme and hopefully I can find an answer to my question. Right, so my grandmother has lived in her council house since 1960 and qualifies for a massive 70% discount bringing the overall sum of the house to £31,000. I currently have the funds to purchase the property,…
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Additional SDLT
Hi MSE! Hoping someone may be able to assist. I'm looking at buying a house with my girlfriend. She owns a house which will be sold, and I own fifty percent of a buy to let house with a friend. I do not own any other property. The BTL is worth £76k (as of a few months ago when it was remortgaged). I was under the…
