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First time buyer buying a flat above an empty bank - red flags ?
Hi there. My son who is trying to buy his first property has found a flat in a great area close to the station for a commute but there are some things that are worrying us. They are - 1. It is above an empty bank which is currently up for lease. 2. There is no gas supply in the building and heating is by plug in radiators…
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We think tenant has done a runner
So, our tenants have not paid rent for the last 2 months. This has happened before to us during the december months. One time it was because the tenants dad had passed away and was out of country sorting out funeral etc, another time they didnt pay decembers rent.In both instances they caught up with rents. However this…
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Council tax demanding £4000!
I own a second property which I let out and is currently let
to a lovely family. The previous tenant abandoned
the property sometime in 2020 without notice or paying the rent. It turns out now while they were living there
which was more than 8 years, they were not paying council tax. Being the owner, the council have…
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Finding a surveyor - Part Commercial Part Residential
Hoping some knowledgeable peeps on here can help. We own a building, a former detached house from 1840s, part of the building is commercial (we own the business that uses it, its been assigned commercial for a very long time). We are in an urban area, so this is probably a fairly unusual situation versus say farms in the…
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Help to buy Equity Loan - Sense check/second opinions
Hi, I am looking to buy a flat using the equity loan scheme outside London (so a 20% gov loan). My current plan is to overpay on the mortgage to build up equity, so that in 5 years time I have a better LTV ratio - for better remortgage rates in the same flat, or in a different flat if I move. I would not pay off any of the…
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Do we need a party wall agreement?
We have planning permission for a rear extension to our house. The only access to the rear garden is through our double length garage, which is linked to next door. Originally they were both garages, but next door have converted the rear of theirs to a dining room. In order to get a digger through, we will need to remove…
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Buying a house with no party wall aware and recent works
I am in the process of buying a terraced house, which has been extended (a kitchen extension and a loft conversion). The last part of the works was only completed a year ago. During the legal process, it's come to light that the current owner did not get a party wall award in place before carrying out the works. This means…
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Sale of a house near a substation
Hello! I am going to purchase a house and have my survey done. However, I have just realized there is a substation opposite the property's garden, about 15 ft distance. My partner does not have any problem with it but I feel worried if it would be difficult to resell the house and the resale value in the future. Anyone who…
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Two mortgage offers on the same property.
UPDATE - After speaking to the new lender, they have no problem at all with this. Just need to leave a note for the underwriter and should not raise alarm bells. ________________________________________ I currently have a mortgage offer in place for a small amount of money to buy my onward purchase. This was on the basis…
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Repaying the Help To Buy Equity Loan
Hi, Say you have taken out a 10% help to buy equity loan on a £300,000 property and you wanted to part pay some of this back 2 years after purchasing the property. Lets say the property is still valued at £300,000 after 2 years....so this 10% loan is £30,000.... What is the minimum part amount I can pay of this £30,000? I…
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Landlord wants to meet
I posted on here a few days ago regarding a few requests (all within the terms of the TA) that I had for my landlord in my new home. I was nervous to ask them as I never like to "rock the boat" shall we say, although the estate agent said and provided evidence that the LL is a good one and showed us a lot of recent repairs…
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Landlord seeking thoughts regarding difficult situation
I would appreciate some independent perspective on a situation with a tenant (T) please. T moved in a few weeks before the pandemic on a 2 year AST. I did not request an inspection during the pandemic, although I have sent various people to carry out required works (i.e. gas safety inspection and repairs where T reported…
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Historic Rent charge
I’m selling my late parents property in the title deeds it mentions the following C: Charges RegisterThis register contains any charges and other mattersthat affect the land. 1 The land in this title is subject to a perpetual yearly rentcharge of £2 12 0d (which with others was) created by a Conveyance (of the land in this…
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Cash sale, mortgage or bridging loan? What's best for me.
I have had an offer agreed and accepted on a property for 90k. I'm very fortunate to be in a position to potentially buy this in full as a cash buyer. Now, due to some recent unexpected costs, paying for this in full in cash is going to be a stretch and I'd prefer to avoid this. Therefore, would I be better off organizing…
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Defending a misrepresentation claim
Hi everyone. I am currently in the initial stages of a claim being made against me following the sale of my property. The buyers are claiming misrepresentation of the information I provided following a flooding incident and are claiming damages to rectify the problem (carpets etc). The background is this: The House: My…
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CGT liability on severed "Granny Annexe"
Hi, here's a conundrum! We bought a 4-bed detached house, with an attached 2-bed Granny Annexe on the same wide plot about 25 years ago, to be our sole residence. The purchase price then was £325,000. We actually lived in the annexe for the first year or so, without formally notifying post office, authorities, etc., while…
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Am I being unreasonable?
Hi MSE, just looking for some opinions to help calm my nerves. So me and my partner (FTBs) have offered £320,000 for a property that we really like. The lender approved the mortgage and valued it at the offer price. However, our homebuyers survey came back with a valuation of £300,000. As we really still liked the…
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Building an extension which will cover neighbours window
Hi I am looking for some advice. I have just made an offer on a house but I am slightly worried because the house next door has an extension which overlooks the garden where I would want to build an extension. Any extension I built would cover this window. I have looked online at the council planning records. When they…
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Indemnity insurance for unadopted road
Hi,I'm selling a Taylor Wimpey apartment I bought new 13 years ago. My buyer's solicitor is requesting that I take out indemnity insurance for the estate road as it is unadopted. I understand this is coming from the buyer's lender - Barclays. My lease clearly says that the Developer takes responsibility for the road and…
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Freeholder & Managing Agents - Health & Safety Responsibilities
Hello, I hope someone may be able to provide some guidance on the below. We are leaseholders in a small block of flats that are converted and not purpose built. The managing agent has contacted us to inform us of the need for emergency repairs to the staircase in the communal area due to health and safety issues, for which…
