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Under-pinning
I am in the process of buying a house that has recently been underpinned - it was purchased by a developer who was going to rennovate the whole house, but when the market picked up and he struggled for time to finish the job himself, he decided to sell the house for a profit after completing the underpinning works and some…
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Building Survey report, advice appreciated!
Hi guys I'm buying a late 1880s property, it's in good condition overall. Had a Level 3 Building Survey conducted of course, has come back with 7 items as "Urgent" and 13 "Medium". Some of the issues I already knew about/expected, and it's an old building so many of these are acceptable. However, I have particular concerns…
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Selling ex-council house - will complete after the 5 years discount repayment clause
We put our ex council house for sale a month before the 5 year clause was up, which means you have to repay a portion of the discount if you sell the property before 5 years have expired. We accepted an offer after 2 days of it being for sale, and offered on another property within a week. The completion won't be for 8…
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Freehold Flat but sold as a Leasehold
I recently moved into a flat, which I'd been told by the vendor (who I happened to visit during a viewing) had a share of the freehold purchased only three weeks before I completed on my flat. Having never been in this position before, I assumed that the transfer would happen automatically so I didn't think to chase it up,…
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Loft conversion equity advice
Good afternoon Seeking some advice. We've had the sale of our home fall through three times for various reasons. I have to admit I am sick of the whole process..and not wanting to go back on the market. we have had quotes for a dorma loft conversion which will add master bedroom and ensuite to our current 3 bed 8yr old…
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Removal quote makes me nervous
We're moving off a narrowboat where we've lived for 5 years, and now we're going back into bricks and mortar. Our 'goods and chattels' are not colossal, just a mere 6 cubic metres or thereabouts. Our boat's being sold on 31st August, therefore our goods need to be off the boat. A hiccup has arisen in that local searches…
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Release from Part Exchange and Estate Agent Fees
I have recently been released from a Part Exchange with a builder due to a problem with the plans. I have now had an invoice from the Estate Agent that the builder was using to sell my home as they claim that, as they introduced a buyer, I need to pay their fees. My house is not sold at the moment as I'm looking at another…
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Stamp Duty 2nd Property BTL Query
Hello everyone Wondering if you can please help with a Stamp Duty Query Property A was my main residence. Owned it for few years, but moved in with my partner when she was pregnant. I then rented the property out for last 18 months. Now plan to purchase Property B, as current property is too small, so this is intended to…
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HSBC mortgage processing glitch
Is anyone else currently experiencing a technical hold-up on HSBC mortgage decisions? Have been going through a broker to secure a mortgage with HSBC for over a month now and was told nine days ago that all the paperwork they needed at their end had been received and cleared and they allowed five working days for a…
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Survey report worse than expected
We are currently in the process of buying a first floor maisonette built in the 60's. Our offer was £2k over the asking price as we felt it was way more spacious and had more potential than other places we had seen for the same price. The searches and checks have been done, the mortgage has been approved etc. We received…
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Final Viewing before Exchange.. tips needed!
I’ve got a final viewing at the house I’m buying coming up this week, with exchange due to happen next week. I’ve seen the house twice before, but going back to measure up and get one last look at the place before I sign my life away (at least it feels that way!) :) Any advice for things I should do / look out for at this…
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CGT question on inherited family home.
Hi everyone, I have a question regarding Capital Gains Tax. About 30 years ago I inherited a 50% share of our family home (the other 50% inherited by my brother). For about ten years we both continued to live there along with our disabled father, however for various reasons we both needed to move out/abroad. At this point…
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Landlord demanding entry when flat unattended for examination
Hello everyone. We received an email from the landlord of our flat (they own all flats in the building) informing us of an verification of the HIU heating unit by the heating billing company this week accompanied by the building management. They said that they will attend through the day and if there is no answer they will…
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Charge for revoked EWS1 form
Hello! I'm a resident (and director of the building management company) of a new build block of flats. Our former freeholder has recently made an application to the county court to recover costs for services in relation to an EWS-1 survey and report, carried out in Aug 2020. The report was soon after revoked and as such we…
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Remortgage Valution
We’re currently remortgaging and borrowing extra to extend. We were going to move and had the hse valued at 290/300k and sold at 300k but buyers pulled out last minute. However their lender agreed with the value. A few similar properties have sold for between 285 and 310k recently. The index price is 290kSo we’re surprised…
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How I bought a flat in London at age 25
Proof, despite all the caterwailing on here, that if you are determined enough, it is still possible to buy your first flat in your mid-twenties: How I saved for and bought a flat in east London aged 25 | Evening Standard A really lovely good news story for a strong young woman. NB: No avocado toast was harmed during the…
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Help! Relative loan for house purchase
I’m trying to buy my ex-husband (to be) out of our house. I don’t earn very much as I work part time to care for our daughter, but I’ve gotten the correct figures from the bank on what I can borrow. As expected, it’s not enough to take on the property by myself. My Gran is suggesting she ‘invests’ in the house, paying off…
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Part of property on unregistered land
Hi all, just after some advice we where about too exchange on a 200+ Year old building that has become a house for the first time. Our solicitor received the map from land Registry and there is a very small amount of our side garden that is unregistered land. However built on that very small part is a now utility room. We…
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Finance Options for new house before current one sold
My 86 year old mother-in-law needs to move to a ground floor flat as soon as possible and this probably means buying the flat before her current house sells. The sale of the house will more than cover the price of the flat. I have 7 years left on my mortgage and could take a second tracker mortgage to cover the flat…
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First time buyers value for money
Hi, I have some bad experience with unethical builders and would like to share my experience and hopefully help others to fight their case and not to lose money. As first time buyers we paid deposit on house with Persimmon Homes and Santander bank requested certificate of eradication of Japanese knotweed which…
