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Bridging loan to avoid stamp duty
Hi We're moving to a larger house with my Mum. Ours is sold but Mum's (SSTC) sale is delayed by local searches so we cannot complete.
To avoid a significant stamp duty bill is a bridging loan a reasonable idea? Are there any reputable providers?
Ive seen approx 1to 2 % fre plus 0.5 to 1% pcm interest. We'd need £200k to…
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Let to buy Mortgage
How much let to buy mortgage will I get if my house is worth £300k with 1k rent per month? I'm buying £305k house to live in.
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Being a landlord
I wanted to get some people views on becoming a landlord (England). I know that i would need to get insurance, EPC, and I'm sure there's a couple of other things. One of the Estate Agen's I was looking at, do the full service (obviously that would cost me a bit more) - am i being naive in thinking that this is going to…
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Buy a flat or shared ownership house?
I’d love some help as I’m only just learning about property now. I’m giving myself around a year to save before I can find my own place. I’m doing this completely on my own and according to online mortgage calculators, I’m likely to borrow £113,000 max. I’m hoping to have saved around £20,000 by next year so can only…
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Stamp Duty
I have purchased a new build property which I have exchanged contracts on, the completion of the property is July/August, can I use the Substantial Performance rule? In that, if I pay the developer 90% of the value of the property before the end of the SDLT do I qualify for that date even though I cannot take possession…
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Estate agents contract
We are very unhappy with our current estate agent (very long story) we asked advice from another agent who said he would be willing to take us on at the end of our existing contract. As I was unsure of the date I showed him the contract and he informed me that is was actually void as I had signed the contract and not my…
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Getting the EICR certificate sent
Looking for some advice. I hired an electrician after seeing him being recommended and tagged on my local community group on social media. I got three quotes and decided to use him to get an Eicr certificate done on my flat I rent out. He had to revisit to perform some remedial work which I agreed to and reported back that…
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I have vacated after tenancy ended, huge outstanding energy utility bill requested from ex-flatmate
Hello everyone :-) Here are the details just to clear the air: * fixed term tenancy dates: 21 Dec 2019 - 20 Dec 2020 * I moved in / I moved out dates: 28th Dec 2019 - 5 December 2020 * name on utility bill during tenancy dates: 1 ex-flatmate only * access to online utility bills and outstanding balance: 1 ex-flatmate only…
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Sold my home and planning to rent. What are my next steps?
I have accepted an offer on my flat and am planning on renting for a while as my buyers intend to move quickly and I want time to find my perfect property to buy. I’m not sure what to do now in terms of timing. I can’t afford to pay my mortgage and rent on a new place at the same time so I’m not sure how long to leave it…
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Buying parents house under market value
Hi, just researching the above topic and practicality of doing this and what options need to be considered. Unfortunatly my father has been diagnosed with cancer that it is inoperable and the only treatment available is chemo to maintain the cancer. We hope he will live a number of years but I am thinking of worse case…
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Planning Permission before Building regs
HI all - i've got a situation with me neighbour - she wants to put a balcony above my kitchen - which i don't want. She has documents for planning permission, but these don't have any reference to how it would be done (roof would need to be completely restructured) as from what i understand this comes with building…
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Noisey neighbour hell...
Hi, I've lived in the same house for 30 years broke my back getting it nice but my neighbours are council who have turned into drug taking vampires who fight and argue constantly. Last year it turned into party time on Thursdays usually at midnight till 7 am so I got the council involved as I hoped they would resolve it…
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When to bite the bullet
I’ve had a nightmare buyer, the sale has dragged on far too long, granted not all his fault with the variety of covid, solicitor and management firm delays. But at a point where I thought we’d exchange over the last three months has been incredibly picky. Just when you think you’ve made progress something else is an issue.…
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Service charge new build long term plans
Hi everyone, looking for some advice. We're due to buy a new build house on a Redrow site in the Wirral, it's set to develop into thousands of houses over the next few years, and will include school, shops, green spaces. Its currently up to phase 3 of 5. Our question is on the estate management fees, we understand the fees…
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Recent Grand Designs episode - Question about planning permission success
I enjoy the thought of having my own self build so whenever I get the chance I like to learn more about how to get planning permission approved on a plot of land for a self build (buying land with permission already is too expensive!). Lately i've been binging Grand Designs and one of the newer episodes peaked my interest.…
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1 bedroom flat not selling - Any advice
I have a 1 Bedroom Flat that's been on the market for a few months but it doesn't seem to be getting much interest. There is no chain and I think the price is reasonable considering other similar properties, it's one of the cheaper 1 bedrooms. I'm aware the bottom of the housing market is struggling at the moment, but I'm…
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How does simultaneous exchange & completion work
Hi Guys, Still waiting to exchange with an agreed completion of 3rd March. Its looking likely this could take place on completion day. I've only ever exchange 1-2 weeks beforehand so would be interested in hearing others experiences on exchanging and completing on the same day.
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Guardianship Downstairs Flooding
I'm a guardian in a place that's due to be demolished in a year or two and I've been living here for 3 years. Today I came home from the Dentist and found to my shock that the warm kitchen tap was on and much of the flat was flooded. I spend the next hour doing everything I could to mop up the water and so on. I have had a…
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Just received this through my door. Any advice please??
This was put through my door earlier today but I definitely don't owe anything. Basically the rent is £455 per month with a water charge of £20 per month which all the flats pay for the water charge! The full rent including water charges is and was £475 per month. I've paid £475 every month without fail. What do you think…
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Survey results on Victorian mid-terrace
Hi all! My partner and I are FTB looking for a little advice. We had an offer accepted on a Victorian mid-terrace house, a bit of a fixer upper but seemingly superficial. The survey has raised the usual suspects in terms of minor damp, and a bit more serious in terms of a chimney leak that we are hoping to negotiate off…
