-
Resigned to fact we probably now wont be able to move this side of Christmas
In view of the news today that it looks we will be going into a national lockdown , we look like we will not be able to get our sale and purchase over the line until the New year. Our purchasers have been dithering about after being two months into the process and now are at the point of changing solicitors. As I…
-
Capital gains tax
A friend asking for advice. Parents gifted house to their child in 2001 - value 80k. The child already owned their own home with their family so owned 2 homes at this point. Their parents continued to live in home for another 10 years until they died. Since then the house became a renovation project that took 8 years and…
-
Best way to Protect Myself as a buyer from a lot of "No Idea" on TA6 Form
I'm purchasing a property via an executor, the grant of probate has already been issued so no issues there, both the previous owners sadly died within a year of each other. The problem comes now with a Questionnaire and TA6 form full of "I don't know", "I am not aware". Not really the executors fault I guess as they have…
-
The psychology of the "offers over" situation
I've been out of the house buying market for a while. Now I'm looking to buy again I'm wondering what the intention is behind "offers over". I asked to view a property yesterday and the agent wanted proof that I could offer £10,000 OVER the "offers over" price, before she would let me view. I could, but why would I show my…
-
Letting my driveway?
My neighbours have offered to pay me to place a skip on my driveway while they have some major works done to their home. The terms they're offering (payment per skip, with a limited time for each skip to remain) means I expect to earn around £300-400 from this. A tidy little earner (and their house is only accessed via an…
-
Mortgage Offer Slightly Under Offer Price Advice
Hi all, finally had my mortgage offer notification through today after a 13 week wait, so looking forward to moving to the next phase. The only way to get my mortgage through was to slightly lower the mortgage amount to match maximum affordability. The difference is about £1800 on a 460k house. What are my options/tactics…
-
Witnessing TR1 Land Registry Form Being Signed
Hi, My partner and her mother are executors of their late grandmother/mother's estate. The property has a sale agreed and each of them needs to sign the TR1 Land Registry form and have this witnessed. I'm not party to the transaction.. can I witness their signatures? Thanks in advance.
-
Redirecting mail
Anyone on this forum, know anything about redirecting post to a new address? What happens to mail addressed to parents of ........ Just I have split from my partner. I have redirected mail to my new address for me and my 2 boys
-
Building Regulations Completion Certificate - lack of details about work
Hi All For the house we are looking to buy, the current vendors have made extensions, conversion of garage into play room etc. Ignoring the extensions their previous owners back 20 years ago. But the works the vendors have done 3 years ago they used Campagna as Building Regs inspector. They extended single storey rear to…
-
Chain help
How often is too often to chase for updates on chain status? All we know of the chain so far is: Bottom of chain us 🙋🏼♀️ FTB already have mortgage offer and solicitor instructed, contract pack requested. Our vendors had offer accepted on their onward property and have instructed solicitor. Our vendors vendor has already…
-
Express Offers - house buying company?
My house has been on the market, originally at 750K but was recently reduced to £735K, for about three months. I have just received a letter from a Company called 'Express Offers' stating that they they believe it is worth between £719565 - £743086. They also offer to pay all costs! Anyone else had dealings with these?
-
House Auction Fee Confusion?
Hi all, So, i have seen a property on auction in November 2020. Company: savills UK I am slightly confused about the fee's and i was even more confused when i spoke to 1 of their advisors who said the fee is 10% of the house and £1250!?! So it states: "You will also be required to pay a non-refundable 10% deposit of
the…
-
Can't exchange contracts without long stop date
Hi, I'm currently trying to resolve a problem with buying a new build house which won't be complete until at least March next year. We're almost ready to exchange contracts but my solicitor has advised me not to proceed because the builder won't agree to add a long stop date to the contract (to allow me to be released from…
-
Re arrange finances or move to smaller house?
Hello, need some guidance please, the background is that I'm self employed and that my business has suffered badly during the Covid pandemic, the business model is fine but because of the nature that prevents events happening it has suffered, there is some turn over and income but not enough to sustain us short term, our…
-
EAs listing properties that are supposed to have sold?
My daughter arranged a viewing on a property a few weeks back. The day before the viewing was to take place, the EA called to say they house had been sold; however, since then the house is still being advertised on the EAs site and on Rightmove. She called again to see what the situation was only to be told it has sold.…
-
Help to Buy - Lodger
I know this has been asked in numerous threads, however, I have received this letter from 'Homes England' which seems to be a warning and i'm curious about the wording.. My actual situation is that I have a friend using a room in my house (a lodger, not a tenant, right?). They have no contracts in place and the payments…
-
No shows and cancellations
Today we had another person drop out of a viewing 3 hours before from a booking they booked 17 hours ago which means we have 5 out of 14 bookings have cancel or become no shows with most booking cancelling less than 30 minutes before. With our previous agent we would have maybe 1 in 5 cancel as well. I've been told this is…
-
Legionella/Landlord Responsibility
Hi all lovely peeps. Still considering coming away from a letting agent and managing my property myself. No hurry yet so teaching myself stuff gradually to see if I can handle it. Hit a bit of a block on the whole legionella thing. From what I read it is an assessment that I can do myself? Property has mains water in and I…
-
Buy to let mortgage
I have a repayment buy to let mortgage. My fixed rate mortgage is complete jan 2021. I want to change to residential mortgage on a fixed rate. I am 65 years old. I have good income and also want to put 25,000 off the total. Is this possible? A friend also told me to try mortgaga hut as a broker how reputable is that site.…
-
Restrictive Covenant consent
Hi all Received lots of paperwork from my solicitor along with a huge bill! The property I’m buying had an extension 13 yrs ago the vendors think. My solicitor has advised me to get an indemnity policy in place for the lack of restrictive Covenant cinder in respect of the front extension. is this necessary? Also I’ve…