-
Marriage - First time buyer VS previous home owner - and I eligible?
Good evening, first post here as I am struggling to get to the bottom of a couple of things. My wife and I have been married since June 2021. She is already a home owner and has a shared ownership property that we currently live in. I have never owned a property and have been saving into a LISA. We plan to purchase a…
-
Stamp duty calculation
Hi, I'm married but current home is wholly owned by my other half. I'm thinking of buying my first property (never owned any property in my life) in February 2022 that's going to cost 400k that's going to be only on my name. Can anyone help how much sldt I may pay?I checked on internet but it's not clear.
-
Has ANYONE been given a mortgage for EWS1/B2 property?
We are attempting to sell our flat. Potential buyers are hitting blocks with mortgage lenders. Although we have a start date for works, and confirmation of funding (from the government), they are still unable to find someone to give them a mortgage.. Has anyone been in a situation where they have been granted a mortgage on…
-
Selling garden land
Help please. We own a plot of garden land that runs behind our house and our next door neighbours house. The land has its own title deed as we bought it separate from our property some years ago. At that time our then neighbour didn’t want any extra garden and the only way to buy our bit was to buy the bit behind next door…
-
Paying off more of mortgage while on SVR (planninv to look at moving house soon!)
Hi all! We are coming to the end of our 3 year fixed rate mortgage at the end of the year and are in the early stages looking at places to move. We have been overpaying on the mortgage too. I wonder if we should move onto the SVR once the fixed is over (pay off more of the mortgage as no limits on SVR but this reduces…
-
Will I need to expedite mortgage funds?
Our new build is signed off next Friday 8th October. Completion 15th October. But our Solicitor states notice can’t be served till relevant documents/certificates received which will be 11th October and HSBC will want 6 working days notice to release funds. Our rental lease expires 16th and we booked and paid £3000 to…
-
Advice on how to make eviction as smooth as possible for 'good' tenants
I currently have tenants in my London flat that I now need to sell to free up capital next year. I found the tenants (couple + child) through a local council housing scheme (essentially the council paid a deposit and incentive for me to rent to them, as they are on housing benefit and entitled to council housing): they've…
-
Stamp duty on transfer of equity
My partner and I are splitting up. I am going to be staying in the house and taking on the mortgage and the equity will be transferred to me solely. We have a buy to let which he wi take on solely. The property is valued at 430k and the mortgage is 110k. We have a Deed of trust that divides the property 34/66% with him…
-
Council tax - does a landlord get a reduction if one tenant is a student?
Hello! I can't seem to find the answer online. I know a landlord is liable for council tax if rooms are rented out separately. In this instance, there will be one student and one professional. The council tax will be in my name as live-out landlord. So how can the student apply for an exemption if his name won't be on it?…
-
Townhouse vs Terraced - same location
Hi, Me and my wife are FTB and we are looking to buy a house and trying to decide which one would be better. The townhouse is more modern, end of terrace and seems to be ready to move in without much work to be done but has a very tiny courtyard which I think I will hate. As we are currently living in a townhouse I started…
-
Lost Title Deeds - selling a property (probate)
Having received our grant of probate, and putting the house up for sale and accepting an offer, our solicitors informed us the property was not registered and that we'd need the title deeds. And we can't find them. We are fairly certain the building society where the mortgage was held returned the deeds and they've said…
-
Inherited property with tenant in situ
Hi I’ve recently inherited a property. The house has a tenant in it and she’s been there for at least 15 years. Unfortunately my dad died very suddenly so I’m clueless into the arrangements be had with the tenant but it seems very casual. I have found a tenancy agreement but it isn’t dated and there us nothing written in…
-
Affordable freehold houses in London - where to look
Hi everyone I'm at the stage of being able to move up the property ladder in London from my first time buyer flat... Total budget is £750-800K (absolute max). Various issues with my flat (thankfully not cladding) have made me prioritise trying to find a freehold house within the capital, but I'm not really sure where to…
-
Do you think I could afford this mortgage?
Take home salary of £2350 per month House costs £220K House needs updating- it’s a victorian terrace not been decorated since 90s, but I could live with it for a while. I have 30k saved for deposit, moving costs and initial decorating. I thought I’d give 22k deposit and 8k for the rest. I’d be borrowing pretty much the…
-
West Facing Garden
Hi all, I am looking to buy the house as shown on the attached google maps image (shown in the middle of image marked red). Am I right in thinking the garden is west facing and if so what time of day could I expect to get sun in the garden. Any help much appreciated. Mark
-
Neighbours wall on my boundary
My neighbour has an extension where their external wall is on our property boundary (it was already there when we purchased our house) the wall is ugly and has water damage (the bricks are all white). I have requested to paint the wall and the neighbour has refused where do I stand on asking him to repair the wall ?
-
Buying House that has Breached Restrictive Covenenants and Easements
Hello, I have asked my conveyancer these questions and she has responded stating her superior will need to help her answer them and can't do so for a few days due to workload (stamp duty deadline). However in view of the fact I have an expensive survey booked for Friday which might end up being a complete waste of money, I…
-
Single buyer
I'm looking for some advice on buying for the first time. I’m a single first time buyer, I earn £25,500 a year and it almost seems impossible to get a mortgage my outgoings aren’t much and a good credit rating - I have a decent amount saved for a deposit as well. Does anyone have any tips/advice on what I can do to help me…
-
Is the reservation agreement legally binding.
Last year we bought a brand-new house and our reservation agreement states, “Parking Provision: 1G2PS Single Garage and 2 Spaces”. However, we have one space which is in front of our garage, the other space was not specified. When we moved in, we were told by the builder’s representative that we could park in the managed…
-
Do you reckon there’s cladding and other hidden trap in this property?
Found a good newly furbished 1bed flat, prime location in a small northern city. Buy to let first time property investor. There’s cladding work to be completed in spring 2022. Until then the flat has a fire watch team, causing a surge in service charge to £3.5k pa. Whether the service charge will decrease in spring 2022 is…
