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Making money off a 2nd home
Hello :) I've always been relatively proactive with saving, and increasing my income - I would like to pursue an opportunity that I have thought of, but have some questions. Current monthly situation is: Job income: £2250 x3 Lodger/tenant income: £1090 Total: £3340 My mortgage is only £580, and I've overpaid £2000+ every…
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Electrical Instulation
Just moved into a house and had to call out the electrician . Thankfully I was able to get a reliable person due to NextDoor app (someone on the forum recommend). The electrician checked the fuse box and it was dangerous as a live wire was visible. I won’t go into too much detail as I wouldn’t be able to explain it fully.…
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Gas Safety Certificate
Am I reading this right that the boiler is unsafe to use? I moved into this property on the 4th Oct, took the gas safety certificate for granted. Tonight I'm going through all the paperwork in detail and realised that the boiler has "No" in the safe to use column. The landlord and agent have made no mention of this to me…
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Combine HTB with shared ownership?
I know you can’t officially combine HTB with shared ownership but if you claim universal credit and help with your mortgage payments then the government takes a share of your property depending on how much of your mortgage they pay. The advantage is you don’t pay rent on the part ownership the government has unlike shared…
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Unaffordable housing
This might sound a bit odd, but what do you do if you really want to own a property, you are both working but can't afford to buy where you live because it's so expensive? Obviously, you would think 'move' but our jobs are here. We live in Oxfordshire, average property £400k. Between us we earn under 50k. Part buy part…
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Builders changed plans without letting me know
Hello I reserved a new build home off plans in Scotland in June this year I am using shared equity scheme to help buy the house and due to errors with the builders solicitor(not sending the Scottish ministers my postcode so they would not release the funds) I have not concluded my missives. It is a end terrace house and…
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First time Buyer
Evening all, Im currently in the process of buying my first house as a singleton at the age of 30 after having an offer accepted and subject to a survey later in the week and the usual checks. I currently live at home with parents and generally have low costing hobbies so have been fortunate enough to have decent savings…
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Restrictive covenants on the BBC
The other thread on covenants prompted me about a recent BBC Moneybox show I heard. The whole story was a shocking revelation about how this poor lady's house isn't worth the paper it's written on. Only it seemed to be a non-story to me. I found the associated article: https://www.bbc.co.uk/news/business-49935283 The…
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Buying house, just got survey, lots of 3s; what now?
Hi I've had an offer accepted on a house, and have just got the survey back. The market valuation is what we've offered, but there's a lot of 3s... It's a 1920s mid terrace and has been empty for months.* Roof coverings "In the near future the slate coverings will need to be stripped, felted and re-slated or tiled" *…
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What's wrong with resident house in Britain?
This is already my third time I am moving house and still I can notice this very very poor built architecture here in terms of streets, soundproof, toilets. All the houses / "flat" I've been the sound is awful that I can hear everything yes everything from footstep to kitchen to toilet flush, and other that it's shame to…
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Possibly losing job, cancel tenancy early?
I moved into my new flat 5 months ago and took out a 6 month contract. Then a few weeks ago my letting agent emailed me to ask if I'd like to stay in the property. I replied and said yes, and that I would even like to extend my contract for an additional 6 months (I've had problems in the past where landlords have decided…
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Everyone ignores covenants?
I got the Charges Register for a property on a small estate and found that they're apparently not allowed to have TV aerials. Also they can't have hedges/fences in the front garden. Most of the houses (including one I'd like to buy) are in contravention of the "rules" Is this a ticking bomb? Is there probably some other…
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Freehold property with unregistered leasehold title
Hi We are buying our next home and in a small chain. Our buyers are FTB and we are buying a probate property. The Grant of Probate has not yet been issued but the vendors solicitor has stated that they are expecting it very shortly. It's all straightforward etc. Mortgage offer in place, surveys done etc and we are just…
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Negotiation advice
Hi Hoping there are some better wordsmiths than me on this forum who can give advice on how to put together the next round of negotiation for a property. I am currently negotiating directly with a small developer for a new build property. It is in the highest price bracket for the area and there are only 4 properties to…
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How much monthly earning, above the monthly rent rate, is considered acceptable/normal when applying
I know that they ask for x times the monthly rent and having done so for y months. Well I can't do either of those currently since my income has only just improved but is set to continue to do so from here on out but I wanna move now as I absolutely hate where I am living. If a rent is up to say £500 per month, if I am…
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Help! tenant needing to move out without notice
Hi, my 1st forum post - ever! I am a private tenant who has been having issues with landlords agents practically since day 1. They take ages to complete repairs, often making me organise it (why do I pay rent??). My tneancy with 1 agent but they work with another so im constantly being passed between both when trying to…
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New tenant midway through Tenancy Term - advice pls
Hi We have a long standing tenant under an Assured Shorthold Tenancy Agreement (been there about 3 years). AST is in his sole name but he has recently married and now wife is living with him. We are happy with this as he's been a good tenant. Do we need to add her to the tenancy agreement - it's mid-term, how do we do…
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Buying an Old (1858) Terrace
Hello! This is my first post I'm in the process of purchasing this old terrace property. It is 2 story at front and 3 to rear. I had a buildings survey completed.. heck these things scare the heck out of me. I have a couple of questions which i've tried to google but not finding what I need. 1. I didn't see this when…
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Concerned about tax
So my husband and I struggled to sell our flat. We had help from a financial advisor and to cut a long story short we now rent out our flat and live in our new family home. My concern is that we currently pay no additional tax on the rental property. The financial advisor hasn’t mentioned this but looking online surely…
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Shared Driveways - Insurance for me and public
I live on the end of a shared driveway If say a member of the public slipped on ice on it, or I slipped on it taking the bins out, does the council cover this in terms of insurance/liability or do I need to get it covered as part of my home insurance? If I do, what do I need to ask for? I guess its not just a slip on ice,…
