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Martin Lewis Blog: 'House offer accepted, now they want £20,000 more! What should I do?'
A passer-by stopped Martin in the street recently to ask his opinion on her house buying dilemma. You can check out his view in a video he posted: Martin Lewis: 'House offer accepted, now they want £20,000 more! What should I do?' What would you do? Stand your ground? Walk away? Pay the extra? Negotiate? Tell us your…
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New to the House Buying, Selling & Renting board? Start here
✅ This board is for... * Questions about buying or selling a home * Questions about renting a home * Questions about being a landlord 🚫 This board is not for.. * Debating the state of the economy * Debating house prices in general * Political debates Note: In order to help keep the Forum a useful, safe and friendly place…
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Tenancies in Eng/Wales: Guides for landlords and tenants
post 1 This thread is intended to provide information to both landlords and tenants relating to Assured Shorthold Tenancies (ASTs) in England and Wales. Updated April 2020 to include the Coronavirus Act 2020 and July 2020 to include the Electrical Safety Standards Regulations 2020. Topics covered: Post 2: Repairing…
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Land Registry questions
Hi everyone The Land Registry is here on our Forum to help answer its customers' questions. If you have a question pop it on here and it will do its best to help. Related on MSE: 50+ House Buying Tips Free First Time Buyers' Mortgage Booklet 2018 Remortgage Guide 2018 Ultimate Mortgage Calculator
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Stamp duty on residential home I sold after years not living in it
Hi: I moved back to the UK from abroad 5 years ago and since then I've been renting as I haven't been able to sell my home abroad, which was my main residence for many years. I also have a holiday home abroad. I finally sold my family home abroad about 8 months ago and am now buying a new flat which will be my main…
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Landlord wanting to set up trust
Apologies if in wrong category, please move if so! A friend is a private landlord who is not overly financially savvy. They are trying to transfer the rental properties they own outright across to younger family members before they get too old. They seem to think a trust is the best way but on a quick google, trusts can be…
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Peace and quiet
Any tips on buying/renting somewhere quiet? I really value a quiet night of sleep. I guess being away from main roads is a top priority? Any other ideas?
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is it worth extending share of freehold lease?
Hi all, I’m the new (first-time) owner of a flat in London with a share of freehold and about 86 years left on the lease. I’m wondering whether it’s worth paying around £1,500 to extend the lease now. I’d only need to cover solicitor fees for a 999-year extension. With the upcoming leasehold reform, I’m unsure whether this…
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Gaining a beneficial interest
If someone pays towards improvements and or renovations to a house they've lived in for many years, but don't co-own, AIUI they can gain an interest in the property worth £X If this isn't formalised before they die, does the executor have a LEGAL DUTY to pursue this for the beneficiaries (especially if they are not the…
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New "Have a Look at This" thread
The other one has disappeared and any posts I have made are not listed in either my posts or thanks. This thread is for things like: . Spotting pets in properties . Anything awful - decor, extensions etc . Quirky properties . Timewarp properties . Properties in serious repair and anything which is different and of interest…
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Forcing a sale of a house.
Hi All, My step father got into a lot of debt at one point where it was either him and my mother losing their home or he borrowed money from an unknown(unknown to me and my sister) This all happened when my mother was alive. Because of this my mother wrote a will witnessed by my sister and of course 2 solicitors. The will…
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My right of reply and misuse of data.
Hi Everyone I live in a development of 52 leasehold homes. We each share 1/52 of the landlord company (Ltd). There is only 1 director currently and the legal secretary/managing agent resigned on the 16th after a huge falling out with about 10 of the people who lived here, including me. At no point did I ever write or say…
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House buying companies
Hi. I am researching ways of selling my house quickly (but not right now hence just researching ) In the future I will want to relocate approx 200miles back to my hometown and will have a short time frame (school summer). I have a mortgage and will also need to apply for this to be bigger in order to buy where I want to…
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House selling- what am I doing wrong?!
Just after some advice regarding house selling! My house has been on the market since end of September, initially lots of viewings but I've had nothing for the last 8 weeks. The feedback I get is nothing I can improve on it's normally "we've found a different house" etc. For context, it's a 3 bed end of terrace with 2…
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Rent with no income but large savings - Renters rights laws ?
I have posted on Reddit but I thought I would try my luck here too. I dont wish to link to the reddit posts as I am not sure its allowed. Not working since last couple years. With net worth a healthy multiple of yearly expenses (including rent), you could say FIRE-d. Don't wish to drawdown my SIPP tho yet just to "show…
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Landlord mould advice...
As a landlord I am trying to address mould in a 1980-90 terraced property. The tenant is in situ. I have 'educated' them WRT ventilation etc. However I am really struggling to know where to go to for trustworthy advice. I am thinking additional loft insulation and cavity wall insulation etc. but not really sure. The tenant…
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How much to negotiate for property in London? Purchasing for child going to uni
Hi We are in the midst of selling our rental property to help purchase a flat in London for our son going to uni in Sept. Viewed a number of properties so far and may consider giving an offer. A catch 22 question for those who are experienced in London - how much do you discount off when submitting your offer? Did a google…
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Insurance
Has anyone advice on the type of insurance available to cover unfurnished lettings. Ideally, I would like to insure against fire, water leaks, damage to fittings and against loss of rent due to the Tennant not paying. All our flats are let via a reputable agent. Many thanks, Stewart
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About to exchange - pending estate management fees
Hi! So I'm at the stage where I'm about to exchange but my solicitors are waiting for a new management pack from a company (Centrick) who has taken over management of the unadopted estate where the freehold property exists. I have signed everything relating to the purchase and sent to my solicitor, the only thing that…
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Merged: Gaining a financial interest
This discussion has been merged.
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My rights as half owner of freehold
I own the ground floor flat of a two flat house conversion. Several years ago myself and the owner of the first floor flat bought the freehold on the property. Now the people upstairs have put their flat on the market. I notice that on the estate agents blurb it states "Loft Potential (STPP)" My question is, if the new…
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If you were a tenant would you do this
I have rented a house out to someone ive known for many years and helped out his family .he has rented the house for 18 months To help him i am thinking of offering him the option to buy the house He has paid anout 10k in rent so far Ive told him I want 80k in rent for the house plus as he is not taking out a mortgage in…
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2% increase in rental income tax. Will you be passing it on to your tenant??
Ref the new 2% increase in tax on rental income. Assume this will just be passed onto the tenant via a rent increase??....Landlords, will you??
