House buying, renting & selling

Discussion List

• Council tax

  Just looking to purchase a house with an annex and I have found out that both house and annex are separately liable for council tax - they even have different post codes!Are there any specific requirements in order for them to be classified as a single property for council tax purposes? For example, do they have to be…

• Process of buying a 1890s old house - advice please?

  Hi all I am now looking to put an offer on a period old terrace house. The vendor purchased the house in 1991 and the EPC rating is E 48. Can anyone advise the process of buying this kind of house please? I know I need to get a home buyer report, mortgage application and instruct a solicitor. But, should I get home buyer…

• FTB when to book a survey?

  Hi We have had an offer accepted on a house and have submitted our mortgage application this week, just had a notification that the lendor's valuation (Nationwide) has been booked for next week. Should I book the building survey now? Or wait to hear back from Nationwide first? Also a building survey doesn't include a…

• New build - sell old house before you can offer?

  Hey, Sorry if this is a completely naive question/post, but I've just been looking at a new build (off plan) which I've slightly fallen in love with. Checked out all the fleecehold / fakehold issues as a starting point and got comfortable enough with the possible issues to actual consider the property. But discussing the…

• Should I put a time limit on my offer on a house?

  Hello We viewed a house on Saturday and made an offer for the asking price at the earliest opportunity after (Monday morning due to estate agent being closed Sat afternoon and Sunday). Estate agent called back Monday saying that there had been another viewing after ours who would like a second viewing so the vendors had…

• Buildings insurance on exchange date?

  I have read that buildings insurance should be arranged before or on the date of exchange of mortgage contracts. I was wondering which insurers any of you had used that will insure a property either before or on the day of exchange (presumably a quick phone call after exchange has taken place to arrange cover to start that…

• Id1/id5 form verification at sensible price

  Does anyone know somewhere in London where this can be verified for a vaguely sensible fee? Because of the virus it can also be done online, but most solicitors don't seem to realise this.

• How long could it take to move into house?

  Hi all,We're first time buyers so we're chain free, and had our offer accepted on a house a few months ago now. Nothing has happened since then (No Memorandum of Sale yet) because the sellers couldn't find anywhere to move into. Finally the seller have found somewhere (no onward chain) and their offer has been accepted.…

• Fixing required following survey

  Hi all, Quick question. Our buyer has done a Homebuyer survey and following that, due to some fixing to be done, we agreed to reimburse the buyer £1500 prior to our exchange. Is this something that the buyer will then need to inform his bank about or how is this normally managed? Their solicitor is saying that this needs…

• Building Regulations Certificate

  Hi All - some advice for a first time seller! * I did some renovations in 2015 (6 x chimney breasts removal onto gallow brackets into loft, through lounge (rsj), downstairs WC (concrete lintel) and new joists across 1st floor bedroom ceilings) which was all drawn up by the architects - 2015. * The architects logged the…

• Survey undervalued first home by £15,000

  So I’ve just had my home buyers report back at they have valued it 15,000 under what I have offered. I’m a first time buyer so not 100% sure where to go from here. My mortgage has been accepted and approved however I’m unsure if this undervaluation will effect this? I personally feel the house is worth what I’m paying for…

• Selling in installments

  Is this possible/straight forward to arrange? I own a shop (I know this board is houses, admins please delete if I cant post here) which is rented out under market value to a nice co-op type group. Lease is coming to an end and I should like to sell. I suspect the current tenants couldn't afford to buy me out even if I…

• Lease extension overcharged surveyors fees - COVID EXCUSE?

  Looking for some help/advice. I an bearing the end of the process to extend my lease. The landlords surveyors charged me £800 for their survey however, due to COVID they were unable to come to mine and carry out a full survey. They have completed a desktop survey instead, which is fine. My partner enquired how much they…

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• Whats the best option?

  Hi, I am 27 with 82k saved in cash. I have plans to purchase my first home in the next 6-18 months, personal circumstances depending. In my area, a pleasant, 3 bed victorian terrace can be bought for under 150k. I think me and my partner could probably purchase such a home, live comfortably with easy to meet mortgage…

• LISA with buying into a mortgage

  Hi everyone. I hope someone will be able to help me, it’s my first post here! I’m wondering, can I use my LISA to buy into my partners mortgage? They own a house but we want to eventually own together. Would I keep my 25% yearly bonus if using it for that or does it make it pointless to use when doing as so? Thanks for…

• My solicitor has communicated incorrect information to my lender for a house purchase

  My solicitor has communicated incorrect information to my lender upon requesting funds and now my lender won't agree to lend. Essentially a restriction on a title was disapplied to allow my purchase to go through. They give you a 3 months waiver to allow completion. This restriction is a dissolved management company -…

• £174k under Zoopla evaluation. Is the house too good to be true?

  Hi all, me again. I have found a fabulous home in a great location but have huge concerns. The house seems too good to be true, it was purchased in 2016 for £522k which is inline with the market price of the village. The sellers then had to move to a bungalow after an accident meant the owner could no longer climb the…

• Buying a house to renovate and sell to increase capital to purchase first home.

  Hi All, Me and my partner are looking for some advise on buying a house to renovate and sell on. We want to do this for two reasons, 1 . To raise extra capital to purchase our first home to live in and 2. We would like to get into this industry, potentially start up our own business some day? My dad owns his own Joinery…

• Statutory Lease extension - Section 42 notice served and freeholder is not replying

  Hi, I've had my flat for 2.5 years now and I had a surveyor value the flat and had my solicitor serve a section 42 notice to the freeholder two months ago. The deadline for the freeholder to reply was last week so I've contacted my solicitor this week on what the next steps were. My solicitor suggested that I give them…