-
Moving house 6th April already exchanged
I know there are a few threads on a similar theme but can’t find exactly my circumstance. We’ve already exchanged but not due to complete til 6th April. I know all current rules are we must move on the date otherwise we will get penalties. We are moving as much as possible into storage so we could just move with cars on…
-
What should I do if I am buying a house during the coronavirus outbreak?
Hi friends, My wife and I put an offer on a flat a few weeks ago, we've had a mortgage approved and our solicitors are currently working towards the exchange of contracts. But I'm worried about risks involved in buying a flat now, when the UK and Europe will likely dip into a larger post-pandemic recession. My wife and I…
-
Looks like landlords are having more trouble filling rooms?
Up to a point. I am in the unfortunate position of having to look for a new room/houseshare to live in. It seems like every place I have visited would like to take me on as a tenant. it seems that landlords are having trouble finding tenants who they think have steady jobs. It is unusual having landlord chase me about a…
-
Revised offer before exchange- covid 19
offer accepted on mid 2 bed property in Feb (with a 25% deposit), due to exchange in 2 weeks we have agreed a early surrender from our rental agreement , with the property being marketed for beginning April ( we have paid the re-advertising costs). Had zero interest , so at present still liable for full rental untill end…
-
I think I've screwed up my help to buy ISA please tell me it's OK!
I'm a first time buyer, exchanged yesterday, and I'm worried I've screwed up and I'm going to lose my help to buy bonus! We were intending to use our bonus towards our 10% mortgage deposit, not realising the exchange deposit HAD to be 10%. We were expecting to be able to have a slightly smaller exchange deposit and make up…
-
Should I pull out of my purchase last minute? Covid concerns.
Hi Backstory: I was due to buy my first property completing next week, I'm age 28 in the UK, I was buying a flat for £110k with a 10% deposit. I've been through an awful 11 month wait so far due to hold ups (previous owner knocked down a wall, lease extension couldn't be extended until surveyors had been out and new plans…
-
Should I be buying now?!
We’re just about to buy our first house - we’re supposed to be exchanging in the next week or so! Are we crazy to still go ahead with this, or should we pull out given the current circumstances with COVID? Thank you!
-
Moving next week
Hi MSE, Due to sell and move into a new (not brand new) home next Friday, the 27th of March. I’m interested to hear your thoughts on wether solicitors, estate agents, removal vans etc will still be operating next week. I’ve called my solicitor and he thinks in about a week and a half to 2 weeks any house sales would likely…
-
Lost sale through survey results
my estate agent rang this morning to say that due to the survey results the buyer has reduced her offer by £20k. Obviously not privy to the survey the things mentioned were: outside pointing needs attention, felt in roof needs replacing, something about the chimney, an internal crack, guttering needing replacing, decking…
-
Tenants due to move in today, but received worrying news from employers - Best route forward?
Hi Folks, Just seeking some advice here. I have tenants who were due to start their tenancy today, but had just received calls today regarding possible job instability. They decided to not move in, in case they do move in, then find they are in financial difficulties/loss of income, and we discussed options. My first…
-
Help to Buy - can i rent the house i want to buy
Hi, im new here and would appreciate some help/advice. Im considering renting the place im going to buy using help to buy in the future. Does anyone here know whether this could cause any problems with the help to buy side of things? Would the house be considered “not new” if i rent it?
-
Wages cut by 20% while waiting to complete on a new build. Any advice?
Buying new build with help to buy. Decent deposit. Paid 10% already and soon to be more for extras/fittings. I found out today that my wages will be cut by 20% for potentially the next 6 months or longer due to CV-19 and my business being particularly affected in the hospitality industry. My house was due to be finished by…
-
Completion imminent but will removal companies be working?
We have exchanged contracts and due to complete mid next week and move the day after. We've not heard from our removal company to say they intend to cancel/delay our move due to the Covid-19 outbreak and I will call them next week to see if the move is still on. I just wondered if anyone in a similar situation has heard…
-
Tenancy Extension Fee, following fixed term AST
Hi guys, I've had a good search on here for similar issues but couldn't find an exact match, so apologies. I have a question deposit deductions at the end of my tenancy We had a 6-month fixed term tenancy which ran from Mar19-Sep19 and no renewable contract was signed, it just rolled over into a periodic tenancy. We stayed…
-
Exchanged contracts and have a fixed completion date but worried about Covid-19
Hi, hope everyone is well. I’m buying my first home and have exchanged contracts with a fixed completion date in April. I’m very worried about my job and the housing market. If I wanted to pull out what are the penalties? I’m not in a chain and the seller is buying a new build. I understand I lose my deposit to the…
-
Completion Day Problem
Hi all, new to the site & first time poster & after some advice/info on where I stand with an issue with our new home. Today is completion day and we’ve picked up our keys & gone into the property on our own for the first time and we’ve discovered that the roof or specifically the flashing around the chimney has become…
-
Property Guardian seeking advice
Hi, I am a property guardian living in a guardian property in Central London. Due to COVID, my work has dried up - I don't think I'll be able to pay my licence fee for the foreseeable future. Does anyone know if the govt guidelines on no evictions will apply to the guardian sector too? I feel that given this is a more…
-
Nearing the end of building work
I hope this is the correct forum to post this question! We are 14 months into building work to an existing house that should have taken 3 to 4 months to complete. The builder seems to have lost interest. There are a few niggling things to finish off, but two in particular that I would like to ask for opinion on. The…
-
Just about to complete on a new build...
Due to move in on April 9th in Scotland. Have reserved with a 2k deposit and pay the rest of the full 17.4k deposit on the completion date. Mortgage all approved, signed etc. The house has received a CML and habitation certificate. It needs to pass an inspection on the 26th and that's it. Then all the paperwork needs…
-
Current house purchase - Rentcharge issue
Hi, We have received a pack of information from our solicitor in regards to
our house purchase (Freehold). Our conveyancer has noted that there is a rentcharge
on our property of £5 per annum payable to Shenstone Properties Ltd. Our
solicitors are required to notify them of our ownership on completion and their
fee is £50.…
