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Need Help with Survey Results on Gas, Boiler, Electrics - FTB
Any inputs on below points will be helpful. The property is from 1980. Maintained in fine condition. 1. Electrics - Due to the apparent age of the fuseboard (old MEM rewirable unit) we would recommend that a certified electrician carries out a Electrical Installation Condition Report (EICR) in the immediate term. Should I…
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New Ground Rent laws - possibility they could be extended to all leasehold properties?
"In the speech, the government also confirmed measures to end the practice of ground rents for new leasehold properties" - Source I'm in the process of buying a leasehold property in London with 116 years left on the lease, where ground rent is £300. There's a clause where the ground rent doubles every 25 years. Although I…
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Part leasehold/part freehold query
The property originally had two leases, a head lease and underlease (for the tenant). The headlease is for
99 years and the underlease for 99 years less 3 days. The previous owner's
solicitor organised the purchase of the freehold, solicitor used
form TP1 but there is only mention of the underlease on the form and no…
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Capital Gains on Buy to let formerly PPR
We have owned a property for 14 years and now looking to sell. We lived in the house for 10 years and then switched to buy-to-let mortgage and have been renting it out for 4 years. Should CGT be calculated on the profit we have made over the 4 years (based on the valuation at the time we changed the mortgage to buy-to-let)…
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Transfer of equity/house deeds question
Me and my OH bought a house last September, I used the sale of my previous flat towards the deposit and he used some inheritance money. Due to me not working (I left previous employment due to ill health), he applied for the mortgage by himself therefore being a first time buyer. I want to go on the deeds of the house…
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Leaking bathtub how to find a plumber?
Hi all :) , Just received a message from my tenant about a complain from the flat right below mine. Apparently water is leaking below the bathtub and seeping through to the flat below. Bit stumped by this one! As I am stuck 1000s of miles away from the UK :( 1. What are the best practices for finding a reliable +…
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Strange behaviour by estate agent
There’s a property I’m interested in but the agent selling it is acting quite strangely... to cut a long story short they seem really reluctant to arrange viewings or to send out information on it, not returning calls or emails, sounding quite negative (in a vague non specific way) when I talk to them on the phone, it’s…
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Involuntary transfer of energy suppliers
Hello forum, please try and be gentle, as this is my first contribution.We moved in to our rented flat a couple of months back and had a mainly disagreeable experience with the letting agent. But that won't come as a surprise to many and a story for another day.Beyond that, what left us rather surprised was the agent (part…
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Survey Results
Hello, Survey received today. Property is a ground floor maisonette (one in a block of four, chain free, immediate vacant possession as owner passed away - probate all dealt with & family member living abroad selling). No surprises with the survey but main points I wonder if anyone has an experience/advice about as I don’t…
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Missing title deeds
We are buying a property and about to sign the contracts, have been told by our solicitors that the title deed is missing for the property and we are covered by an indemnity insurance which the vendor is paying for. There is a mention that when we come to sell the house, this might be an issue for our buyer or their…
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Buying a house in a "creative" way
Hi, We live in a rented house that the landlord has recently valued at £1.6million. We can only afford £1.2. Would it be possible say to buy the leasehold for £1.2 and then pay some ground rent say £1000 a month until the landlady dies or for a set period - and at the end of that period, the freehold is transferred to us?…
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Building Survey shows nearly £100k of repairs required
Hell all, I'm a first time buyer I've just had Building Survey report sent to me. It is a 3 bed semi detached house built in 1920s. At the time I thought the property was priced well. I thought with £50k TLC it would add value to the property. However the issues identified come to £95k. I've placed a copy of the quoted…
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Ackroyd Legal
Just had offer accepted! Yay! Need to instruct solicitors now. I posted another thread recently about costs and breakdown etc. Ackroyd Legal (online with London offices) Have given a quote. £600 less than the local firms. Has anyone ever used them before/experiences? Many Thanks
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Gas Safety Record & Letting Agents Legal Obligations
Our previous house 300 miles away is let through an agency. I wasn't aware of the 2 month MOT style renewal on GSCs so I've always left it till last minute. There have been a couple of transgressions over the years which the LA has never made a massive deal about (and yes I know about LL's legal obligations). This renewal…
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Seller has recently had the house signed over
Looking for some advice/reassurance. We have had a bid accepted on a house and have out final mortgage meeting with the bank soon to get everything tied up. Solicitor called today advising they had an issue in the paperwork from the sellers end and that the property deeds had been transferred 2 months prior for no fee.…
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Green Belt Building
Hi Received an enforcement notice 20 years ago for developing a barn into a home dwelling . After much wrangling with Local Authority they were legally unable to act upon it though they refused to remove the notice so Ive not been able to sell. However due to Local Plan changes my property is no longer on Green Belt and…
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Landlord woes
Hi, I'm not going to get into all of the rotten stuff my landlord subjects me to, but I'm having to leave due to obscene ASB. He doesn't care let's say that. The only thing I wanted to ask if anyone could help, is it normal for the Landlord to ask me to divert my rent and electric payments* to her son's girlfireind's…
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Share of freehold - Extending
Currently the prospective flat has 91 years left on the share of freehold. Is this cause for concern? Considering any extension of the share of freeholders can only take place after being in the property for 2 years. Thereby taking it to 89 years. I noticed that it's in the disucssions amongst the other freeholders they…
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Owner of covenant won't co operate?
I cannot move forward with my wish to build an extension because the owner of the covenant won't discuss my request for permission despite two hand delivered letters ensuring he has them? Any helpful suggestions would be appreciated. Cableman
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Shared Ownership - want me to speak with their broker
Hi all, I've recently seen a Shared Ownership property that I am interested in. However, before the agent/building company will book me in to view the show home, they want me to speak with their financial adviser, to check whether I would be eligible for the SO scheme. Would you be able to let me know if this is common…
