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social housing rent
I recently enquired to my local Head start team why my rent was significantly higher than my neighbours. I assumed it was because my neighbour was on an older tenancy, she moved in around 2002 and I was offered the property in April 2019. The lady I spoke to agreed that it was probably because of this as she is on social…
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Stamp Duty
Hi wondered if someone could help. I have two buy two let properties but rent myself. I’m currently purchasing my own home. I’ve been told I have to pay the surcharge as it’s a additional property. Is this true as it will be my own residence? Thanks J
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Septic tank issues
I've just had my house sale fall through due to issues with my septic tank. I'm in a old property that has an old septic tank installed years ago, and now non compliant. It doesn't pollute, not near any waterways or boreholes etc. Tank is undersized. I have had 3 separate contractors, quoted between £10-£30k, but others…
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Renting financial viability
Looking to buy another house to live in and rent existing house on a consent to let. I want to ask if my money is better spent elsewhere as I have access to a good company pension, which is my reason for doing this. The following are my concerns - I am higher tax payer, stamp duty 2 homes, letting fees, solicitors,…
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Higher rate stamp duty
Hi I share the ownership of a flat with my brother 50/50 , we bought it few years ago and we paid higher rate stamp duty since we already own a property. Both our names are on the deeds and on the mortgage agreement. I am buying his share now , do I have to pay higher rate stamp duty on 50% of the property ? Can we just…
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Freehold asking price unaffordable. Therefore, should I ask for the cost of extending the lease?
Hi, all, I’m looking for some advice. Just a bit of background information. Our terraced house currently has a statutory 50-year lease extension (it started in 2010 and will finish in 2060), and the ground rent is £1,000 per annum. The original 99-year lease was between 1911 and 2010 @ £2 per year. I know that we won’t be…
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Garage pushes us over the help to buy limit
Hi, My partner and I have agreed to purchase a new house that is due to be built by March 2022. The cost of the house is £245,000 which is under the £250,000 limit to receive the help to buy bonus (Northern Ireland). Between our two accounts, our bonus is due to be around £3,500 by March. However, we also want to add a…
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Restriction on title causing delays
We have been waiting to exchange since last week. It has now been flagged that there is the following restriction on title at the property at top of the chain: RESTRICTION: No disposition by a sole proprietor of the land (not being a trust corporation) under which capital money arises is to be registered except under an…
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Japanese knotweed 2 bed flat
Hi i am a first time buyer buying 2 bed 2nd floor flat in a 3 level block of flats. If looking at the flats from the road on the far left is the parking lot, adjacent to the parking lot is an area of unbuilt land - which as a whole (flats, parking lot, is referred to as Acorn Lodge) from the survey, it declared there’s…
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Inherited Property
Hello, My husband and I are trying to buy a house. 2 years ago he inherited a sixth of a property (split between siblings - only worth around 120k between them all and some siblings are still living there), but is still not yet on the deeds. We were told that we would be able to keep first time buyer status if he wasn't…
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Buying at Auction. No Local Search and Suspect Vendor...
Hi all, I have sent the legal pack to my solicitor who has advised me the seller has only own it for about two and a half weeks. It appears the seller is the transferee of the person that sold it to them last month, information has been redacted out of the company that bought it. However, there is the company’s name on the…
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Unexpectedly bad survey
Hello, I am in the process of buying a Victorian property and had a full structural survey done. While I expected that due to the age there would be some issues, my surveyor has said it is a ‘horrible house that is basically a wreck’, with 33 higher level/ urgent issues identified. The thing is all of the things listed…
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Selling house > buying new build. Confusion about deposit
Hello all, I am a homeowner who wants to sell his existing home to help fund the purchase of a Bellway new build house. A few questions if I could kindly have your help on. * My current debt: £130K. Estimated value of house: £330K, so that means I have £200K "in equity/cash", correct? * New house is £400K. If I want to put…
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Rental property - question re shared ownership
I am married and in the process of buying a third rental property. Are there any benefits/disadvantages in the property being in both our names. I was going to put it entirely in my name as she would simply inherit the property from me if I died anyway. I was wondering if there would be any red tape/financial implications…
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Commercial property in Residential area council tax reduction
A vacant council property, formerly a security office, has been taken over by a commercial business. This is in a residential area. This happened to a family member previously and, as it was in a residential area, all of the residents received a reduction in council tax. But before contacting the council, I wondered if…
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Misrepresentation act - Subsidence
Evening all, I recently have been hit with an building insurance bill for my flat, which was higher than I have previously paid. When I enquired, this was due to a previous claim against subsidence dating all the way back to 2010. Shortly after, I had a surveyor around about a re-mortgage and he pointed out that there was…
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RICS survey VS ISVA Survey for property buying
Hello can anyone tell me the difference between an RICS level 2 survey and an ISVA level 2 Survey . All i read is that an ISVA level 2 Survey is fully compliant with RICS Home Survey Standard but i want to know what the difference is and which is more detailed
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Is shared ownership ever a viable option?
I’m a single parent with health problems, so I doubt I’ll be in a position to get a full mortgage before my child grows up. I see a lot of warnings about shared ownership not being worth the expense, is that always the case? I’m currently in a council house, and although it’s not ‘rough’ it’s also not the quietest place to…
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No search Indemnity Policy.
I would be grateful if anyone has advice on a No Search Indemnity Policy. I am a cash house buyer and wish to speed up the conveyancing process. As all know the searches do take far to long to complete. Any advice gratefully taken. Many thanks
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Selling - neighbours no dispute
Hi After a bit of advice, have sold my property and the buyer has asked if my neighbours have any bearing on my reason to move out? No there are not the reason for me to move out, just want something bigger out in rural area and there no disputes or anything like that with any neighbours but one of them can be a bit funny…
