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Buying a house when you work in sales
Hi, I currently work in sales, feel like i am going to be declined a mortgage because i work on commission. I get paid weekly, my pay slip shows just two figures: 60 hours @ x amount Commission @ x amount Do i need to tell the lender than i am working overtime and that is combined with my basic wage on my pay slip, or just…
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No communication - completion date
Hi, Looking for a bit of advice on what people would do in this situation, Im selling and moving home, 4 people in the chain. I have been informed all of the chain is now ready to exchange and complete, I was asked for potential dates and gave them, my buyer said they could do any of those and was happy with whatever, I…
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Agreement between family
Hi, my husband and I are in the process of buying a property for investment purposes. A family member will be living in it and paying a rent to us. They will live there Indefinitely, well until such time as we feel we need to sell which hopefully won’t be for a very long time. That’s the history behind my question which is…
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Joint Freeholder obstructing sale - help!
Hello there, I was looking to get some advice/help from the community. In November 2019 I contacted our joint freeholder (50/50) to dicuss varying the lease so that we could demise the loft space to our flat to enable us to convert it into a habitable space. We did so as we were expecting our first child in Mach of 2020…
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Selling shared equality property - fixed selling price?
I currently own 75% of a shared equity property with the remaining 25% owned by a local housing association. I am currently in the process of selling it and I got a valuation from an estate agent and I advertised the property for that value. I have received an offer for my property which is slightly under the asking price…
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Procedure for accepting freehold offer, first right to refusal
We have just purchased the leasehold to the first floor flat in a conversion in London with one other flat on the ground floor. Completion happened mid January, but now the owners of the ground floor flat told us that the freeholder had made a section 5 offer to sell the freehold with first right to refusal for the…
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Re-mortgage held up due to EWS1
Hi, I realise there has been a lot of posts on this, especially around buying/selling. But I was still left with some questions that members may be able to assist with. Apologies if this is in the wrong sub-forum. The status of the re-mortage application is that the new lender has had a valuation completed and based on…
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Letting agent is pursuing me for guarantee on a new tenancy agreement
Hi, hope someone can give me some advice. In 2019 I signed a guarantee for my son's student accommodation. It's a shared house owned by a private landlord and let through an agent. I was recently contacted by the agent telling me that he was in arrears and asking me to pay. I said I would talk to him to see what was going…
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Legal advice via insurance?
I have so many questions regarding our plight as Fleeceholders which I will try to split into manageable chunks. We have a Right of Way along a private road to access our home by car and on foot with a ridiculously high amount charged for the maintenance of the estate road which we knew about when we decided to buy. (We…
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Misspelled Name in the Title - Can we still exchange and complete?
Hi, I am in a chain and very close to setting an exchange date. My solicitor has found that one of the sellers first name is misspelled on the title (missing one alphabet) and also that the same seller has added a middle name last year by a deed poll, which is also missing on the title. My solicitor has asked the sellers…
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Buying a house that is rented out, Do I have to pay the extra 3% stamp duty?
I am hoping to buy a House in Plymouth but most of the properties I like are already rented out to students, If I bought an already rented hoise would the 3% stamp surchare apply? This would be my only property and my place of residence after the rental contract expired.
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House built over historical landfill (sewage farm)
We are about to purchase a property- the searches indicated that it was built on a historical landfill, particularly a sewage farm. However, it passed the contamination assessment (i.e. unlikely to be designated as "contaminated land")- and it was indicated that there is no contamination risk. As the property was built…
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Will you buy a house which is 2 miles away from an incinerator?
The house meets all my criteria but really can't decide whether should I go ahead or not? Much appreciated if anyone faced same dilemma before can give some opinions. Thank you so much in advance.
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What are you doing while waiting for the keys for your new home?
Hi all, We will be moving in the next few weeks (if all goes smoothly!) - and I've been trying to work out what to do on moving day. Last time we moved, we dropped our old keys off at the estate agents in the morning, and had to wait until 4pm to pick up the keys for the new house. We used a removal company, so we spent…
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Interest rates continuing to rise?
Hello! So I'm trying to sort out my mortgage offer on a new property I'm buying and I have to port over (well I don't but it's best financial decision based on penalties offset against savings). My porting amount is about 35-45% of overall loan on the new property and is at 2.39% fixed for two and a half more years. The…
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Mortgage Provider Undervaluation
HI all, I have just been told that the mortgage company's valuation is some 3K less than the offer I put in. I know that other properties have fallen in value, in the area, in the last 6 months since my offer (taking ages due to some difficulty with the vendor’s purchase). What does that now mean? Thanks
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Council Tax Challenge at tribunal
Hi, I've read quite a lot about challenging tax bands so I thought I had everything figured out. This is in relation to a new build property we purchased last year. The VOA assigned an outrageously high tax band (F) for a standard 3 bed home on the smallish side of the scale. This means £2700 per year in our area. Things…
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Nightmare freeholder refusing permission - help!
I've owned a leasehold flat for almost four years and I'm looking to do some updates to the property (new bathroom, new kitchen and replace the windows). With it not being 100% clear in the lease what permissions are needed, I thought it best to double check with the freeholder. After calling and describing the works, he…
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Error in title deeds
Hi. I am in the process of buying a house (number 22), but we have noticed that the outline of the first floor on the title deeds is not correct. There is a shared passageway with the neighbour (number 20), and on the ground floor level, the passageway is divided half way along, so that 22 owns the front half and 20 the…
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Whats the longest search?
Hi guys - sitting on a 2 hour Zoom call and being bored i started searching the web for time it takes for searches. At the moment i'm being told that my buyers solicitor has one search left to come back due 5th March. Looking at this would they be talking about the local council search? Is that the longest to come back?…
