-
Industry imposed increase of at least 25% for buildings insurance premium?
"Please note a significant increase in buildings insurance premium which is an industry
imposed increase of at least 25% resulting from the huge volume of claims for escape of water and as a result of the Grenfell fire. Does anyone feel as if we are paying extra for corruption. The Grenfell fire. Are they being serious! I…
-
Deed of Variation for Ground Rent
Hi, complete newbie here!! We are currently selling our house. We are in a chain of three houses- ours being the top. Our house and the next are ready to exchange but we are being really held up by a flat at the bottom. From what we can establish they need to get a deed of variation as the ground rent is doubling every 40…
-
Do I have to use my Help to Buy ISA if my partner is the one buying?
My partner recently moved in with me at my university rented house. We need to start looking for flats & they have enough money to buy one (they are also a first time buyer). If I am not the one buying & don't have my name on the mortgage or deeds, will I stay be classified as a first time buyer when we decide to move…
-
Does a deed of trust impact first time buyer status
I’m buying a property and my partner wants to contribute to deposit. We’ll protect this with a deed of trust and he won’t be on the deeds or mortgage. He will live in the property. Will this lose him his first time buyer status?
-
Buying house and retirement planing
Hello Everyone, I am new here and looking for some advice, Situation is that I have family which consists of 5 members.
Three kids under 10 years old plus me and wife. At the moment we are looking to buy house of minimum
configuration required for our family size. To make this happen, I need to go for maximum mortgage…
-
Right to buy.
Could anyone please tell me how a house is valued when applying for right to buy? Do they come to your house to value or use an average from locally sold properties?
-
Would a Personal loan affect getting a mortage
Hi! If I was to get a personal loan, would that affect getting a mortage in the long run if the loan was paid off? If we used a portion of the loan for the deposit but the loan was paid off would that make any difference to applying aswell?
-
Cash Buyer Help Waiver / Disclaimer
Can someone help, Im a cash buyer trying to buy a leasehold chain free flat above a commercial property. I am 4 and half months and still no signs of completing and 46 outstanding enquiries? My solicitors said I could sign a Waiver / Disclaimer and completed? But i dont understnd the implications of this option, or even…
-
Home Buying Solicitors letter stating equity query = ANY IDEAS
Hi all, Just a quick query. My partner and I have both been burned badly by previous partners financially and she and I have agreed that any home purchase comes with some sort of formal agreement from solicitors stating the amount we have put in. Our situation is straight forward,.... i am cash heavy and she has great…
-
New build - Completion date extended beyond reservation expiry date
Hi, So me and my partner reserved an off plan new build home a couple of months ago, with the anticipated completion date originally being November 2021. We paid a £500 deposit to reserve it. The sales reservation form states an expiry date of 31st December 2021. However, the developer has now got in contact and advised…
-
Housing & debt advice
Hi everyone. I’m hoping maybe to get some opinions on what people would do in my situation. So I am a single parent on UC, I currently own my home through a shared ownership scheme. I have a large loan that I’m trying to pay off also. I am struggling to make ends meet each month and while I would love to stay in my…
-
About to complete on house but downstairs have mentioned noise...
Hi all, first post! So my partner and I are days away from completion on a share of a freehold victorian conversion. We are purchasing the upstairs flat and met the downstairs flat for coffee the other day. They mentioned that they can hear all airborne noise from upstairs - music, talking, the TV. Our living spaces are…
-
Cautious FTB in my 50s. Should I go for more expensive house? Need pros and cons.
I am 53 and have just had an offer accepted on a very tiny house with
a few issues (tenant being chucked out, only access is via a dark
alleyway). The place is 150k or thereabouts and would cost me 489 to
repay, per month, on a 13 year mortgage. There’s not much around in
my budget where I live and I am getting a bit…
-
Moving in with mum and partially buying her out.
My mum is in her 70s and while healthy and active we are looking to move into her house and extend to accommodate us all. Plan is my mum to maintain a third ownership and us the other two thirds. Has anyone ever done this? And is there mortgage options to allow this ( mums third will be purely equity - and the 2/3 we buy…
-
Let a HTB apartment
Hi everyone, I am looking for advice and recommendation from the experts in real estate and mortgages on this forum. Last year, I have purchased an apartment in London using the Help to Buy Equity Loan scheme where the UK government has a 30% stake in the apartment. I am moving abroad to start a new job and was looking for…
-
Another denied view before exchange
Hi just looking for some advice please The vendors won’t allow us to have a viewing before exchange after they demanded it should be on Monday or completion not to be in September they seems to be abusing the fact we’ll save some ££ on Stamp duty and they are not buying other house Anyway my wife said no purchase if no…
-
Buying a illegally subdivided house, risks?
hi guys, thought this forum might be the right place to quickly check this... I recently come across a very run-down house that's within my budget for me to buy as a live-in. I am happy to put up with the renovation time and front the cost, but just want to see there are no obvious landmines I am walking into... The house…
-
Change of name on Land register
We're in the process of buying and selling property. During the course of other business I received a copy of the Property Register for our bungalow, which is jointly owned by my wife and myself. My middle name is noted incorrectly. The LR have sent to me form AP1 to apply for correction, but I'm concerned that if I…
-
Estate agent failed to showup after undertaking a 140-mile round trip for a second viewing.
I viewed a property last week, made an offer the following
day which was accepted. I made arrangements to look at the property again this
weekend to take measurements and start gathering building quotes. Two days spent attempting to source petrol, followed by a
long drive to meet the agent at 6:00pm in the evening who…
-
Is it worth buying now if I can?
My ex and I are separating and selling our jointly owned home. We will both clear around £45k approx. I have around £30k in savings plus the sale of the house and a MIP which would bring me to around £160k, which isn’t currently enough to buy a house anywhere on my own in my county. In order to buy something straight away,…
