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Moved: mortgage application
This discussion has been moved.
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Selling share of inherited property
My wife and her brother have inherited a property from their mother. He wishes to buy her out of her share, all seems very simple, has anyone got any pointers as to what is required eg solicitor. There are no IHT problems as the total estate is below 325k
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PRR on sale of freehold company shares
My son owns a share of freehold flat in a building with 4 other flats. We’ve been approached by a company who wish to acquire all 5 flats simultaneously and revert the building to a single dwelling. They propose to transact this by each vendor extinguishing their lease and then selling their shares in the freehold…
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Land Registry ID1 form online - recommendations?
Can anyone recommend an online service for the land registry ID1 form (aka ID5)? And the cheaper the better, this is MSE after all. I've seen one that says £59 but that changes to £69 on later pages, and it requires proof that everyone is linked to the property which seems odd and I'm not sure exactly what that means. The…
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Help with Proof of Funds paperwork
Can anyone assist me with filling out my Proof of Funds paperwork? Basically the sale of my current house will be enough to buy my new home outright and also pay off my remaining mortgage on my current home. I do have savings which I'll be using to pay other costs such as the conveyancing fees and stamp duty. I'm not…
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Dealing with Estate Agents
I get they don't want to waste their time with timewasters but they all seem to ask your current position before they'll agree to a viewing..... Our house is on the market, had a few offers, its likely to sell very soon. I just don't want to tell the Estate Agents that its not actually sold yet in case they lose interest a…
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Leasehold extension and purchase in Scotland vs UK
Dear MSE forum members. I am a new user to this forum. The following post is in no way a political discussion, merely an expression of a situation I find myself in due to legislation. I have an extremely worrying and complicated financial issue that I am unable to resolve. I have tried citizens advice, leasehold advisory…
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Landlord won't reduce rent for broken fridge
our fridge/freezer door fell off in July (fridge was bought in 2008) and it took 3 weeks to get a new one as landlord wanted new qoutes. We got a new fridge and within a week the fridge section was not cold. we got told we had to wait two weeks for the fridge temperature to settle and they would call a technician. the…
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Should I have suspicions about buying this home?
There's a 2 bedroom detached house for sale, it's not a traditional house, it's more like a building that was converted into a house, it's about 3/4 the height of a regular house, has sloped ceilings in the bedrooms which severely limit the head space but that's ok. Anyway it was listed in June for £200,000 but has since…
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How much to staircase?
Hi everyone, my wife and I have been in our part buy part rent for 7 years and with our mortgage due for renewal this year we hoped to by the remaining 50% of the property. We've had the valuation completed and understand how much more we'd need to mortgage but I'm wondering if there is benefit in only going to an 80%…
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Cheeky offer?
Hi. When making an offer on a property, what do you think the boundaries are between a cheeky offer and an offer likely to offend the vendors? Is 5% below asking price acceptable and normal? Is 10% below likely to cause offence? Asking price is £355k. Thanks for your feedback.
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mortgage application with TSB
Hi everyone, My broker submitted TSB shared ownership mortgage application a couple of days back and told me its pre-approved subject to property valuation. Its a new build house from So Resi. For those who’ve gone through this recently, could you please share your experience on: * How long it took for TSB (or other bank)…
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Conservation area
Hi Wondered how this works? I bought a house which is in a conservation area. At the same time I bought a small, adjoining plot of land outside the conservation area. Am I able to put a garden room on this plot of land without being subject to any conservation area restrictions? Any thoughts welcome. Thanks
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Stamp duty query
Sorry if this has been answered before but I've been looking and not yet found an answer to this scenario. We are in the process of moving house and I'm trying to work out a definitive stamp duty amount. Our current house is solely in my name (we married several years after I purchased it) and the mortgage payments are…
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Stamp Duty Calculation When Adding Partner to Property (Remortgage + Cash Contribution)
Hi everyone, I’m hoping someone can clarify how the stamp duty consideration should be calculated in this situation. I currently own a property in my sole name. * Current mortgage: £172,000 * We’re remortgaging to clear this, and at the same time adding my partner as a 50/50 tenant in common. * My partner is…
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To buy in a chain or not?
Hi, There's 4 flats available in a development. The best one (also the largest and cheapest) is in a chain of 4-5. The other three aren't, smaller, but are all chain free. My worry is that if I go for that one and the chain fails I'll probably lose out on the others as they will have sold by then. Do you think it's worth…
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Final week of estate agent contract
I'm in the final week of an estate agent contract...and will be booking a new agent. They have done nothing for the previous 2 months, with zero viewings. I have a feeling that part of their strategy is to benefit from the new agents hard work, by giving them a list of any potential buyers they many have emailed, which…
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Stamp Duty on additional property
Hi - hoping for some advice on stamp duty rules. I am currently living overseas in a rental property, my home in England is currently rented out. I will move back to the UK in December, and move back into my home for 2 months. I will then buy and move into a new build, and I accept that I will pay 2nd home tax as well as…
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Ground rent reforms
What is the current situation with ground rent reforms for properties with old leases? My FIL is interested in a retirement bungalow which has 61 years left on the lease but it has ground rent of £564pa (in Surrey so that makes it an AST).
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Park home on a residential site & Probate. Any pointers/pitfalls
Hi all I'm valuing my late father's estate for probate. He, like many retirees bought a park home on a residential park, not a holiday park (important distinction) and pays a ground rent to the park owners. Because of it's relatively low value, it's considered a chattel (an asset), not a conventional property. I'm guessing…
