-
FTB Question - What if an offer is cancelled by the seller
I imagine that before exchanging contracts you as a buyer had to pay about £1,500 to a conveyancing firm and some more to your solicitor to do some checks, and a survey, and maybe a buildings insurance. If after all that, the seller cancels the offer, is all of this money completely lost? Thanks.
-
Pre-purchase survey high damp readings and laminate flooring - oh my!
Hello! Long time lurker, first time poster, hope one of you wise people might be able to advise us on what to do.. We're in the midst of purchasing a Victorian terraced house. Our building survey detected extremely high moisture readings (90%) on the ground floor internal wall between the kitchen (solid floor) and dining…
-
Just a moan...
Nothing more than quick moan into the void of the internet about how much I detest buying/moving.. 1st house. I'm 33.. bought our first home 7 years ago after saving up a deposit, this one actually went fine except the vendor didn't notify us that planning permission had been sought for 300 odd homes on the fields out the…
-
Advice for subletting notice period
Hi All, i'm not firmiliar with this situation so i thought i'd ask the community.A work colleague rents a room in a rented apartment from a couple who are not the landlord, they have a TA for the apartment.He paid £400 deposit and £400 rent upfront when he moved in, all has been well for 5 months.He is almost ready to…
-
Deposit Return: Withholding Emergency Call Out Fee after Carbon Monoxide Incident
My DD is just checking out of her privately rented flat having finished at Uni. At the start of the year (pre Covid) she got CO poisoned from a faulty boiler which was replaced alongside the battery in the CO detector which hadnt been changed. At the time we decided not to formalise the complaint as the Landlord was pretty…
-
"Soft" mortgage in principle - is it definitely good enough?
I'm a first time buyer. I bank with Natwest, so went online and followed their mortgage in principle online process, which is a soft credit check. After the 8 steps completed, it said I can successfully borrow what I want, which is £212753 on a 250k property value. I called them up to proceed, and she said, the next step…
-
Is the EA and buyer messing around?
At the beginning of July I accepted an offer on a place, The property is rurally located so was a bit of judgment onto what to price it at as there's nothing comparable, I took a discount on the asking as the EA assured me the buyers could immediately proceed as there house had just exchanged and so were now cash buyers, I…
-
No viewing requests in first week?
Hi all So we decided to list our two bed flat last week with Yopa, unfortunately we've had no viewing requests in the first week and can't seem to figure out why. I can see there are a few flats for sale in the area that haven't shifted, and I wonder if it's a combination of less first time buyers out there due to most…
-
House or Flat?
Hello all, A bit of background - I'm married a first time buyer and looking for a place in Woking. The situation here is that there are two options and we are struggling to decide whichever is the best option. I'm considering buying a end terrace house , which is an ex-council house built 45 years ago with 2 large bedroom…
-
New boiler or repair?
I hope you guys can give me some advice. I was advised on last service my combi boiler, 13 years old, will need replacement parts approx £600 as it had apparently boiled dry at some point. As it still worked fine I put my head in the sand and haven't got around to a full repair yet. Now I am looking at selling and will…
-
What should be included in a gas safety check?
Had my annual gas safety check done today by the cowboys that the housing association uses only this time it was taped. Am I right in thinking that viewing the Flue is part of the check as well as checking that a cooker is attached to the wall and that the fail safety device (lid closing on a hob) should also be tested? At…
-
Renting before completion on next property
Hi all, I'm in the process of selling my property and this should finally be wrapping up in a couple of weeks. I'm buying a house that needs renovating. I have considered living there during the renovation but would prefer to rent a small apartment for 6 months. The sale may complete before the purchase of the house, so…
-
Lease extension section 42
I am currently buying a maisonette. It has 91 years on the lease. I would like this extended. The owner/seller refused to pay for it. Therefore i have paid a solicitor to do a section 42 with The seller. The solicitor is now refusing to serve the notice suggesting my future lease extension serves it. My future lease…
-
Skipton Building Society Mortgage Application process
Currently having difficulties with Skipton mortgage application. Although all good with the financial approval/credit check side (we are only borrowing a low amount and putting down a sizeable deposit). We then received news that the Skipton’s valuation of the property was coming in some £20,000 lower than our agreed…
-
Bathroom leak
Hi, we just moved in our house and had the home insurance for just a month. But i noticed a patch in our living toom ceiling where a bathroom is above it. We suspect a leak , is it worth claiming this as we dont know the severity of the damaged? Or just call a local plumber to check this?
-
Do I need to change address for temporary living arrangements?
Hi, I’m looking to move out in next few weeks renting in a house share. This will hopefully be temporary and around 6 months. It’s the first time I’m moving out from my parents. So my question is do I have to change address at my bank / car insurance / mobile etc. Please advise if I do and if there are any other places I…
-
Joint Tenants vs Tenants in Common = Tax impact?
Hi My wife and I are considering a BTL property. I am a higher income rate tax payer and she is a lower rate tax payer. I was advised to consider changing the Title Deed ownership to Tenants in Common in unequal shares to lower the tax burden for us . But just wanted to make sure this did not create any other issues e.g.…
-
FTB and timelines when vendor not sure if renting or buying
Hi, can anyone help with some advice for first time buyers please? We had an offer accepted on house at the end of July and we’re currently waiting on the mortgage application. We have a solicitor and surveyor lined up and ready to go. However, I’ve read advice that you shouldn’t pay for the survey and solicitor until…
-
Sale exchanging before purchase is ready...?
Hi all I’m in a long chain 6/7 links. My house purchase is at the top. I’m buying from someone that has been renting the house out. Those tenants move out tomorrow so the house will be empty. My sale has moved a lot faster and there is a build up of pressure and people wanting to exchange tomorrow. The agents have agreed…
-
Advice on new build defects/snags
Hi I'd need advice on how to get a small developer and their contractors to actually repair the defects. They've admitted to most defects I've notified them of. They've even admitted some of the finishing were of poor quality because of covid lockdown (although that's not true for all items though as I was able to follow…
