-
Second Property Advice
I live in Northern Ireland and have a second property which has been rented out since my wife and I moved out a number of years ago to be closer to parents. We jointly own this property in Belfast and the finances simplified are as follows: -rental income is £550/mth -rates £80/mth -others insurances/ registration/…
-
Buying parents freehold
It's come to the point of us talking wills etc...and the house that my parents own is still leased by the council. The mortgage is paid off. My parents pay £11 a year I believe (it could be monthly though) rent / maintenance to the council. My mother says it's not worth them buying the freehold, I disagree, The price to…
-
Shared ownership house - HA sent a letter for cavity wall insulation, advice please
Hi all,My house was built in 1991 and is 50% shared ownership. I received a letter yesterday saying that a survey will be carried out funded by a grant on Tuesday where they will drill holes in the outside walls. This is a bit unnerving also as the letter mentions it's for an EPC and says they will be wearing full PPE etc.…
-
Sell and then rent?
We want to move but it's difficult to know whether to wait and see what happens with the market or just go for it now. Prices in our area are quite high so if we sold we would make a decent profit - however there is currently nothing available for us to buy. Do we sell and move into rented until we can find something we…
-
Buying a flat in a building with an A3 rating on EWS1 survey
Hi all, I've been interested in buying a 1 bed flat for nearly 2 years now. I was about to buy and had exclusivity on the flat when COVID hit. The landlord then subsequently put it on the open market and the place has not sold in the past 6 months which surprised me (in my mind I thought they'd be tons of people wanting to…
-
Advice required on expected costs of work on ex-local authority property
I'm in the late stages of buying an ex-local authority property and all is going well. In March last year the vendor was informed by the council that some work was to been done to the whole block (doors repaired, drains fixed). The initial approximate cost for the vendor was £1,880.00. I was not informed of this before I…
-
Section 106
Hi, I am trying to sell my section 106 property which has to be sold at 25% less than Open Market Value. I have had 3 valuations all of £200,000 so £150,000 DMV and I have sent these to the council who will review and issue me with a letter including the sales price. I have heard of the council recently coming back with…
-
End terrace communal parking...
I would appreciate your advice/ideas/experience on this situation. I am buying an end terrace house. On the outside of the terrace wall, there is communal parking for 6 car. The terrace has 3 houses. Obviously, anyone can use the parking despite of whether or not they live nearby. I am buying an electric car and I will…
-
Would you compromise 3 beds for 2?
So I've been on the hunt for a house and nothing is perfect and all would bring compromises. However, one thing I didn't think I would compromise on is number of bedrooms. I have exclusively looked at 3s. But I viewed a 2 the other day and I love it. It ticks every box bar the 3 bed. I've no doubt an extension could be…
-
Property vs pensions
So i am meeting more and more older people who are flat broke due to extended mortgages and home maintenance. Im having a wobble. I could be mortgage free in 8 years or extend that to 16 but load up my pension. Obviously im considering inheritance tax too but i cant see me meeting the threshold tbh. The plan is to end up…
-
Buying Agricultural land
I am looking to buy a plot of 0.1 acre which is Agricultural land and Article 4 also imposed. I would like to know what would be the reasonable price to pay for this.
-
Would landlord insurance ever want to speak to the tenant, with a landlord insurance claim
Tenant lives in a landlords property, there has been damage to the property.Don't want to get in too much detail but Negligence by the tenant is to be determined, which has caused damage to this property. Will be an expensive building repair from walls to ceiling to be re-installed. A simple question regarding the landlord…
-
Home buyers survey report worry
I have received a home buyers survey on a 1950s property today. The report lists quite a few urgent repairs and some further investigation. To myself and friends/family this would seem expensive and extensive but may just be the wording. I am speaking with the surveyor Monday but stressing now. The urgent repairs are…
-
Gap between exchange and completion
[deleted].
-
Mould and damp in property rented from housing association due to cavity wall insulation
Hi Hoping I can get some guidance on the following. Been renting from a housing association for many years. Around 1-2 years years ago cavity wall insulation was fitted by the housing association via drilling into wall method, since then the outer wall has caused nothing but problems. Every time it rains and the outside…
-
Mould and damp in property rented from housing association due to cavity wall insulation
Hi Hoping I can get some guidance on the following. Been renting from a housing association for many years. Around 1-2 years years ago cavity wall insulation was fitted by the housing association via drilling into wall method, since then the outer wall has caused nothing but problems. Every time it rains and the outside…
-
Flat owner exit sinking fund
I have lived in my flat which I love an own for nearly 11 years. I recently found out from the company that I pay service charge to an who own the lease of the building, that if I was to sell the flat I would owe them 0.5% of the price of sale for every year that I have lived there. The company have even said that many…
-
Share of freehold director query
My neighbours have sold their property which is a 50% share of freehold with mine also. The new owners are moving in, do I need to set the previous owners to resigned on the limited company used to manage the freehold or should the sellers solicitor do it? I haven’t been kept in the loop but it’s not updated on companies…
-
Is this crack a problrm
Saw this on a flat I viewed today (3 storey tall block with this flat in the middle). Are these cracks in the kitchen anything to worry about - appreciate this may be difficult to tell but just looking for a general idea. Seems to be a little bit of mould also. Will of course have a survey done if I offer and it is…
-
Advice on Survey which didn't pick up mould problems
Hi all, I am looking for some advice. I bought a leasehold flat a little over a year ago, and paid £600 odd for a survey - it was not the basic survey, nor the top end one you tend to have on bigger properties, but it was one in the middle-to give me some peace of mind. No issues of damp and mould were outlined on the…
