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First-time buyer: making an offer.
Hi, I’m not really sure how to use this but I am a first time buyer & I am looking to make an offer tomorrow morning. The property I have seen is up for £129,950. The property was first listed in August 2019 and was recently reduced to £129,950 this month ( I am unsure what the original asking price was before hand). The…
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Lost lease - do leasehold tenants sign a lease?
We purchased a leasehold apartment in 2005 and can not find a copy of our lease. We bought it from the first owners who purchased it from Barratt's Homes. We have a photocopy of the lease signed by the first owners. We are now in dispute with the Service Charge people who insist we agreed to pay for services we do not…
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No Gas, Hot Water or Heating for 3 Weeks (Renting)
Almost 3 weeks ago, my landlord's letting agent (it's a managed property in his behalf) sent a gas engineer over to do the annual gas safety check. My flat's boiler was condemned on the spot (flat was built in 2004, so can't be that old), and that's when the problems began. The external wall the boiler is attached to backs…
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Mortgage application in halifax.
Hi, We are FTBs, our broker just submitted a full application for mortgage in Halifax on friday and i am really anxious how it will turn . We had an AIP up to 410k but we only need 375k for the property. How likely are we to be approved and how long before they make a decision? Cant sleep peacefully at the moment. Pls help
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Buying the freehold help please
My 95 year old nan wants to buy the freehold on her bungalow. The company who own it say she must pay £650 for their surveyor to come out and value the property and decide how much they’ll charge her for the freehold. Is that something she has to do?!
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How important are Conveyancing Protocol Documents?
Hi all, summary: four equal executors and beneficiaries. Probate through. House sold. One executor has filled in (and signed) the protocol docs. and they've been submitted before we've seen them, as a Draft Contract. Having now seen them, there are errors. Small things like carpets when there aren't any, no flooding when…
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Saving for larger deposit costing more, then higher interest rate.
Hi all, Me and my wife are looking for our first home. Currently we are 2/3 towards 10% deposit and thinking ,if its worth saving for longer to get our 10% and receive lower mortgage rates. We are renting our current home and when I done my calculation to get towards our 10% we need to keep saving for next 6-10 months. If…
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Mortgage broker hard search
Hello I did a few AIPs myself which haven't shown on my report as they were soft searches. I have gone with a broker just to avoid the paperwork really and for a smoother process and just got my updated credit file and it seems she has done a hard search with natwest and this has lowered my score. I havent found a property…
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Coronavirus and Housing market?
Will coronavirus and economic recession cause house prices to go down / up? I'd expect less people selling now, for a few months. How will these changes affect house prices?
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Contacting vendor
My partner and I recently viewed a property that was advertised as POA. We enquires about the price and was advised the vendor was looking for 550k to 600k. We put an offer of 550k but hadn’t yet put our house on the market. The estate agent for the vendor came back and said the vendor has rejected the offer based on the…
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Pitfalls of Diligent Saving
TL/DR: Do the government want to encourage you to save for your first house and retirement, or do they want to punish you for saving and wish you would fritter away every penny you've got? Hi folks, I'm a long time browser of this site but I don't chime in on the forums very often. I'm hoping that there might be some…
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Buidling Works Estimation
Hi, I am based in NW London and have managed to secure a mortgage on a property that we have finally found after looking for a year. The issue is that we got £10,000 less then we applied for on the mortgage so are going to have to do a. bit of work and leave the rest until later The house is a 3 bed semi 1930,s house in…
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Is it a crack?
Hello everyone, I am about to buy a house, all approved so we are just awaiting as it is a chain. Today we went to view the house again and I noticed that the house attached to it has something that looks like a crack. No idea. We asked to do the basic evaluation and they have not spotted anything wrong with the house.…
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Solicitor has asked for a document 16 times from seller and no response
Hi, I am buying a leasehold flat and am awaiting one response from the sellers solicitor via my own for the "requirements upon completion from the superior landlord". I have been asking continuously for 8 weeks if the document has been received by my solicitor but the answer is the same every time "not yet"! What can I…
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House fire in another house on the street
Hello My house is on the market and one of the neighbours (other side of road) has sadly had a house fire. Do you think this will devalue my house or put buyers off? The house is not a total loss, just the lounge needs to be sorted and front facade. I expect its going to take at least 3 months to sort out. Would it help to…
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Pet Rental charges are becoming too high
Hi, Recently welcomed changes have been made to stop landlords and/or agents charging administration fees, referencing fees etc. This also meant landlords couldn’t take any additional deposit for pets however this has turned out worse for pet owners. It has caused an additional problem, landlords have become greedy…
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How much rent discount because of coronavirus?
Hello Renters. many of my tenants are self-employed or freelance and are going to struggle with cash flow with the current Coronavirus loss off confidence and potential lockdown. typically as we are in the south universal credit would only pay up to 2/3 of the rent for a house, and perhaps a bit more with the discretionary…
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CGT and Inheritence tax
Hello, I have an unusual question. My parents are selling their properties. Currently, my parents own one house jointly, which they bought in 1970. However, my father does not live there and he rents a flat in another county. My father also owns a house that was left to him by his mother, it is in his sole name and he…
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Pitfalls of breaking the chain and renting?
My house sale is very close to exchange now and the property we're buying looks like it's about to fall through. We don't want to wait any longer to sell as we're worried we could end up with another collapsed sale so we have two options - find a stop-gap no-chain house to buy (there's nothing else available at the moment…
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Leasehold not Freehold
I am a newbie and never posted before, but would be grateful if anyone is able to advise me. We made an offer on a property about 5 weeks ago, this was accepted, and the usual searches, mortgage applications etc took place. When the land registry search came back, there was mention of a leasehold in 1995. prior to this all…
