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Licence to occupy - antiques centre, now closed - owner wants next rent paid
I have a licence to occupy in an antiques centre, where I sell items. Monthly agreement, monthly rent, and notice in writing required by both parties, the owner's agent called me on 20th to inform me that the centre would be closing because of the situation, with sales dropping off to nothing. I was asked by him to pay the…
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Banks not lending, how about my situation?
I am nearly about to exchange and complete on my house sale and house purchase - i've heard that banks are not lending anymore for mortgages? Am i right in saying that because I have had a mortgage offer, and its all been approved, that my house sale and purchase will continue as per normal? Thanks
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Terminated rental contract before lockdown - agent saying I may need to continue
I terminated my contract with my letting agent on 23rd March. Well I actually sent the original email on the 21st, but the agent is closed at the weekends. The agent replied on Monday 23rd to confirm that my last day of the tenancy would be 30th April (I'd originally said about it being the 23rd April but I'd got the dates…
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Buy now or pull out? A few things to consider (no, I'm not predicting house prices)
Understandably, there are lots of questions along these lines. Many people must have a better crystal ball than mine, as they seem very sure of what will happen to the housing market, while I have no clue. However, without trying to predict house prices, I wanted to highlight a few points which I think are key but which I…
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New Build + Shared Ownership + Coronavirus. Should I buy now?
My wife and I are in a position to buy 75% of new build property through shared ownership. We both have healthy help to buy ISAs and a mortgage illustration. We have viewed and chosen the property and expect to be asked to put down a reservation fee in the next few days. Everything is ready to go. Given the COVID-19…
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Estate Agents - Corona Virus
Looking on Rightmove, there are still new properties getting listed. So are estate agents still operating? Are they exempt or are they just ignoring the advice?
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Buyer says they can't move - what now?
We've exchanged contracts, and due to complete on the 3rd. Hired a Luton van this morning for 2 weeks, just to make sure we have it for the move, so we're all set to go!! Except, not. The buyers (FTBs - I think they're living with parents) had their removal firm cancel on them, and there's some excuse about one of them…
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[Scotland Question] Renting & Buy to Let Mortgage or Not!
Hi I am a tenant renting a property in Scotland where there is a long list of issues with the condition of the property, and how the property is being managed if you can call it that, and the legality of me being here. I am going to try and take them to tribunal. I am hoping someone here can help. Is there any way to check…
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Interview on (property sale) Completion on BBC R4
This afternoon's 'PM' had a short interview with an estate agent from Savilles, efectively saying * some sales were being put on hold (not Exchanging)* some were progressingThe interesting part was that apparently where Completion coincided with someone self-isolating/unable to move, the Completion took place but the…
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Water from ceiling
Hello, I live in a flat within a purpose built estate. Today, a leak appeared in our bathroom. Water is running down into our bathroom. I went upstairs and the people allowed me to have a look at their bathroom. It was bone dry. There is no way that water was coming down from the floor of the flat above. I am assuming that…
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Land registry troubles with Freehold sale - Notice served to previous owner!
I and the other leaseholders in my building have been served a section 5A notice offering us the freehold. This fact is great, the premium figure acceptable and the terms are fine. The problem is that my flat's notice has been addressed to the previous owner - his name, and the details of the existing lease. Presumably…
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Buy to let
I have some money saved (although not much)which I want to put into buy to let properties. I don’t want a high mortgage and want to make a good return each month. Can you tell me what Websites advertise repossessed home? How do I know that a house is being repossessed?
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Landlord gas safety service
Hope everyone is well! My tenant was scheduled to have the yearly gas safety service on the 06.04.2020 as part of b/g cover that we have. This appointment has now been cancelled by b/g to free up appointments for vulnerable people (which I agree with) but I wondered if anyone could advise where this would leave me legally.…
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Building work has stopped 2 weeks before completion and supposedly banks now asking for 40% deposit.
So the housebuilders of our new build supposedly stopped work today. Our sales office is not open Tue / Wed so no word from them. We were due to complete on the new build April 9th. Missives (Scottish word for the contract) were signed weeks ago, the mortgage offer from Barclays was signed and confirmed back in early…
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End of Tenancy 23rd April 2020
My tenancy ends 23rd April. Notice has been given and accepted. If we choose to stay given the latest information and the fact that we can't move in with family (elderly parents), and we have to stay - are the landlords in their rights to hike the rent up for the extra time spent here?
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Processes, COT, Release of funds, Completion
Hello! I have exchanged contracts and am due to complete next week. Fully aware the Covid 19 may put pay to this, but at the same time I’m legally contacted to complete, and desperately want my house. Following exchange I received a text and email from Nationwide stating “good news your funds will be released on....” with…
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FTB worried about Condition rating 3 on my Homebuyers report
I am struggling to determine how critical the level 3 ratings are on my Homebuyers Report. I would love some help and guidance as to whether I should consider pulling out of the purchase or if these issues are common in a property that is 100 years old. The main points arfe listed below. Is there cause for serious concern?…
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Searches - Significant Flood Risk
Hi Guys, One of the searches on the property I am in process of buying came back with a 'significant flood risk'. There is a ditch which runs alongside a raised railway line. I believe the report is based on the pretty rare occasion in the UK that we have extreme rainfall. The property in question is not by a river /…
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New Build purchase - still proceed with all current construction talk?
Back in Feb we put down a reservation on a brand-new build property, which technically was off plan as at the time they'd only built as far as the ground floor windowsill. It's a HTB property, we got approved for HTB straight away and got approved for a mortgage - first time we've been approved having been declined 5 or so…
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Using the estate agents recommended solicitor?
Hello. I'm a FTB and just applying for my mortgage - I know I know loads of people are saying not to buy in the current climate but I am. Just wondering if anyone has any advice regarding using the solicitor recommended by the estate agent? I've had some other quotes through mortgage advisors etc and they were actually a…
