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Buying with partner, which costs are fair to share?
My partner & I live together in the home I own. My partner moved in with me 2 years ago & only pays half utility bills/council tax etc & so no rights to my home or mortgage. He has his own mortgaged property he rents to a friend. Due to him owning a property already it means we have to pay higher rate stamp duty. We have…
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Does converting a current bathroom into a bedroom need building regs?
In continuation to my previous post, the current vendor has converted an extra bathroom upstairs into a bedroom. We believe they did in last 12 months or so. But no building regulations certificates. I couldn't find any help online to suggest whether a building control process required to remove bathroom to form an…
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House moves still allowed during the latest lockdown
https://twitter.com/RobertJenrick/status/1322665899439071232?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1322666105429778433%7Ctwgr%5Eshare_3&ref_url=https%3A%2F%2Fwww.theforum365.com%2Findex.php%3Fapp%3Dcoremodule%3Dsystemcontroller%3Dembedurl%3Dhttps%3A%2F%2Ftwitter.com%2Frobertjenrick%2Fstatus%2F1322666105429778…
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House buying - Special Conditions
Just trying to understand the special conditions - House being bought is in England and unoccupied. This Contract incorporates the Standard Conditions of Sale (Fifth Edition – 2018 Revision). 1. Subject to the terms of this Contract and to the Standard Conditions of Sale, the Seller is to transfer the Property with the…
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Extended house to max or selling with planning permission.
I live in a 6 (5 double ,one big single) bedroom house, 3 bathroom, utility room. Dining room and kitchen. The garden is over 120ft long and around 40to50 foot wide. The garden has granny annxue at the back. The house has 6 room on second floor. There is 2 big reception rooms. The attic is third floor the 1st part of loft…
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Stamp duty holiday extention petition
Hello all Just wanted to bring some attention to this petition: https://petition.parliament.uk/petitions/550545 For all those wanting to take advantage of the SD holiday but are now worried due to lockdown restriction coming into play Thanks
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Tax
I am looking for some advice. I just recently bought a new propoerty - 2nd home. I will not be moving into this property until I sell my current home which is proving a challenge but I was advised by a friend to write to HMRC to make them aware of this to avoid any issues with main residence down the line. I am happy to do…
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Surveys & house buying lockdown 2.0
Hello In the process of buying first home, mortgage offer has been received, we're aiming for exchange set near the end of Feb (property if tenanted until then) so still have 3.5 months to get conveyancing stuff sorted, can not/ will not exchange before they leave. 1. My survey is booked in mid-Nov, anyone know if surveys…
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Declaration of trust - sales fees?
Hi all, My partner and I are buying our first home as tenants in common. The house price is 385000 and the mortgage is 85% of this. Shares are as follows: Partner 1 is paying 43k of the initial deposit (or 11% of the purchase price) and 65% of the mortgage from that point. partner 2 is paying 14.8k (3.84% of sale price) of…
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No credit check?
Hi everyone, I'm probably being paranoid but my partner and I are due to exchange contracts on my first home next week. We have the mortgage offer, deposit paid to the solicitor etc, and everything seems good to go, but I just had a look at my credit reports and I can't see a hard search by the lender. There is a soft one…
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Serious building defects after purchase of lease hold flat
Hi there In February 2020 my daughter purchased a flat on a large development of similar type properties (several hundred flats). Last week she received correspondence (Section 20 Notice of Intention ) from the management company. It transpires that last year (and prior to purchase) building defects were identified in…
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FTB timeline and L&C
Hey All, I am a first time buyer and just wanted to check/get feedback/ reassurance as we are in the process of purchasing. So far our timeline is: 26th August - DIP recieved (L&C) 13th October - Offer accepted 16th October - Appointed Solicitor 21st October - Contacted L&C that offer is accepted. 22nd October - L&C calls…
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Due to exchange on Monday and complete on Thursday!
What do you think my chances are? Funding it by about 2/3 cash but remainder coming from two separate sources from NatWest (one is a mortgage and the other is funds being released from a remortgage). My seller is going into rented but not until Thursday so can’t push for earlier completion. Am panicking about exchanging…
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Repairs in a new built flat
Hello, I purchased a new flat in the end of 2018, the flat was completed end of 2017 or beginning of 2018. This is a lease so I am responsible for the indoors property and the landlord is responsible for the outdoors. Within a month of moving in, I noticed it was some watermarks in the ceiling when it was raining. I have…
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Building control consultant
Hi all, I rang building control regarding some issues on a house we are in the process of purchasing and I have posted about before. The gist she gave me was that if work is 5 years old things are unenforceable and they wouldn't do anything. If I wanted regularisation I am basically taking my chances and was up to me. They…
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Will another lockdown affect house buying process?
I’m pretty annoyed at the estate agent who took ten days to send sale memorandum to my solicitor after my offer was accepted. I told them I wanted a sale to go through as fast as possible, ideally before Christmas (no chain either end and cash buy). In the ten days she had wasted (I imagine she was waiting to see if…
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Costs: To change mortgage and deeds from wife only to joint.
HI We bought a leasehold 2 bed flat 5 years ago to rent out. cost of flat was £80,000 We put down a 25% deposit £20,000. estimated value now is £110,000 At the time we were not sure how many properties we were going to buy and our preferred mortgage lender had a limit of 3 mortgages. So we put this property and the…
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First time seller 😊
Hello, I clearly remember when I brought this house I said to my mum ‘that wasn’t soooo stressful. I thought it was supposed to be like top ten most stressful life events and she said...I think it’s the selling a house that’s stressful..not buying. OMG she’s so right. I have some questions. Most are probably a bit daft 😂.…
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Additional Stamp Duty on joint purchase
Hi all, Wife and I got married in 2018 and both owned a flat each. Plan was to sell my flat and move to hers whilst we looked for a joint family home, then eventually selling hers to keep the mortgage to a minimum. I found a buyer for my place so that process started to happen. However as we started to look for houses we…
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House move 18th November
I am moving into my new property and we have agreed at date of 18th November! Is it possible this move will still go ahead during lockdown? We are yet to exchange contracts
