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Add name to property title
Hi,We own a leasehold property under my name for rental (without mortgage). For tax reasons, it now makes more sense to add my wife's name to the title and split the rental income (I understand that this is not possible without her name on the title). Do we still need a solicitor in this case? If we do this DIY, can we…
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Who is liable for the damage if a leak in a flat causes damage to the flat downstairs?
We own a flat and had a new bathroom fitted recently. There has been a slow leak from one of the pipes in the bathroom and it has caused damage to the ceiling in the flat downstairs and also the ceiling in the hallway. The building is managed by a local managing agent who we all pay a maintenance charge to. The people who…
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Valuation - The results are in.... I think?!!
Just had this from our MA: "The property for the above mortgage application has been valued at £220,000 and we are pleased to confirm the requested loan amount of £180,000 is available. The valuer has made additional comments on the report. We will contact you once these have been reviewed and provide any next steps that…
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Timber Guarantee
Hello, I moved into my new purchase in mid March. I've only just got around to contacting the company who gave the 25 year Certificate of Guarantee for timber works dated 2016, unfortunately the company liquidated in 2018. The seller didn't leave the survey report, so I don't know what work was actually done, and my…
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Quick Question Selling and buying house when i receive funds back to me?
My house moves were completed on 5/10. I sold my house for 96k had mortgage for 35k to pay off. Bought a new house for 133k and used 40k of my sale proceeds to new house. Im currently owed about 16k and wondering when should I get that back? I would have thought it would be bank transferred to me by now surely.
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Freeholder Extended Lease for Free - How do they benefit?
Hi, I recently brought a flat and it turns out that the freeholder extended our leases by 50 years, bring the the lease up to 136 years each for free. Is there a hidden benefit for the freeholder? Should I be dubious about this? Currently we pay peppercorn and no management fees, all the lease holders are to left to fix…
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Flat roof ownership
We have a flat roof extension to our property. When it was purchased the upstairs neighbours were using the flat roof as a balcony. When they were selling on they asked for a signature on a lawyer's letter of consent saying that they owned the flat roof. We didn't sign. Years later we have water coming in. The actual…
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Selling shared ownership and buying next property
Hello, I am very new to all of this and looking for some advice. We are looking into selling our shared ownership property (we own 40%) which I believe to be worth £88,000 based on the sale price of our neighbours property. We are looking at properties worth around £230,000. We will need to use equity from our current…
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Drain CCTV surveys for flats
If buying a leasehold flat, is there a point in getting a drain CCTV survey? I believe most of the drainage system (outside your demise) would be the responsibility of the freeholder? Is there a point getting deans surveyed within your demise?
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Buy to let to rent to parents at market rate
My elderly parents are renting and the property they are in isn't ideal for them. Suitable rental properties are like gold around here! I have seen a property that would be suitable and I'm trying to work out how complicated it would be for us to buy the property and rent it to them. Most of the advice I've seen assumes…
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Subsidence
Hi, we've had our Survey back on a house we are buying. The surveyor pointed out there was some damp.. however he always said there were some cracks in the internal walls. Does this look like subsidence? It looks like its already been repaired but the vendors are making out the surveyor is incompetent and its all nonsense.…
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Leasehold / ground rent - what to do?
Hi all, possibly about to open a leasehold / ground rent can of worms here… Our situation is we are many months into process of buying a leasehold flat in London. Our mortgage lender is now refusing to lend on terms of current lease as they consider them unfair - namely the fact that the ground rent base rate is £400 and…
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Upfront costs of selling and buying
Hi We hope to sell for 140k and buy for 200k. Any idea what upfront costs I'll need to pay for? I've rung round solicitors and they want 350 upfront, rest paid out of profit on house on completition. I found an energy certificate still valid on the government website so shouldn't need to pay out on that. What else will I…
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How much should my partner contribute if he moves in with me
Partner owns his own home, no mortgage. If he moves in with me he'd let it out per bedroom. Conservative estimate is £9600 a year he would gain if he lets it out to students in the university town where he currently lives. He'd find a job here in the same kind of role and have a commute of 3 miles if he lived here. He's…
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multiple AIPs from same lender - am i worrying over nothing
Hi all I've recently read that multiple AIPs can damage your credit score? As house prices have been going up a quickly I've been running a new (higher) AIP for every house I've viewed as its inevitably been outside of what my budget was at that time - ive been increasing in 5 - 10k increments, (my max budget has increased…
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SDLT 3% Surcharge because of old flat
Hi there I purchased a flat with an ex-partner in Brentwood, Essex in
January 2007. After the relationship broke down I agreed to move out and leave
the property to my ex who agreed to continue mortgage payments, allow the property
to build some equity and deal with the secured loan against the premisses. Over
the 14 years…
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Conveyancing cost when buying & sellong
Hello weve just sold our house. It was our first home so we have only ever paid for buying - what’s the likely cost for conveyancing? We’ve been given a quote from one solicitor and we will be looking around too many thanks
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Welsh Estate Agent making sellers legal decisions
We have found a lovely house in North Wales and the deal is progressing as expected. To paint a quick picture, the owners are in their early 80's, don't struggle too much with day to day life and have family & friends in the local area. The problem lies with their religious like following on every word their Estate Agent…
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Possibly missold property
My daughter bought a new build in July 2019. The property was sold with a parking space. When the last owner moved in it became clear that my daughter's space now belonged to them. So she now has no parking space. All the other houses do. The builders, the estate agent and their solicitor say its not their problem. So who…
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Furnished Holiday Let for extra income?
Hi all, This is my first time here, I wanted some advice and experiences regarding FHL and potential to make some income from it. I haven't yet spent a lot of time researching all the nitty gritty details, so do bear with me if it seems like certain things should be obvious. Background: My husband and I work at his family…
