-
Would a house lose value if we combined a 2 single bed sized rooms into one bigger double bedroom?
I have seen a three bedroom house I really like. Only the main bedroom can fit a double size bed. The other two can just about fit a single bed and a wardrobe. I would like to remove the wall to make it into one bigger bedroom. However I am concerned with the future saleability and whether that will affect sales but then I…
-
Access obstructed to rented property
I've just signed a contract on a newly refurbished flat. As part of the refurbishment the landlord has been using a skip that is placed across the entrance to the flat. I can squeeze past but am unable to move in due to not enough space to move in my furniture, white goods, etc. I have shared my situation with the renting…
-
Purplebricks acquisition by Strike June 2, 2023
Strike have recently acquired Purplebricks. We were made aware of this by our Account Manager and Local Property Manager who we had a really good relationship with and had no complaints about, who both lost their jobs due to the acquisition. We received an email from Purplebricks on August 10th saying 'We are changing the…
-
Buying flat cash only- Proof of money
It’s been a year I’m renting a one bed flat and I love it. I’ve been thinking long time to buy a flat and I thought since I like this one why not to try and make an offer to the landlord and buy it. A similar flat on the same floor was sold for cash only due to the cladding as they mentioned in the ad. Anyway, I’ll do more…
-
Business in deeds
Our deeds specifically state that no business can be carried out on the premises But a neighbour appears to be running a scrapyard in his garden He drives a transit recovery van and keeps on bringing in scrapped cars Is there any legal standing to 70 year old deeds?
-
Title restriction - HELP!
I bought a house in 2019 (freehold) as a new build property from a developer. The developer set up a management company to look after the common areas. In 2020, without our knowledge, he dissolved the company. He has put a restriction on our title so that we cannot sell without it being approved by the management company ,…
-
Capital Gains question for when buying a new home before selling old one
The scenario is that I am considering buying my new home before selling my old one. My question is this: Is there a time period within which I need to sell my old home to avoid paying capital gains tax? The internet is not being helpful and getting through to HMRC is a pain. I understand there is (or was) a 'grace period'…
-
Surveyor "Goodwill Offer"
I'll try to keep this concise and any advice much appreciated. Had a level 2 survey completed and over the course of the first 6 months of occupation and having multiple tradesmen point out defects and say "didn't your surveyor pick up on that" I decided in the end to raise it with them. They have offered £150 goodwill…
-
House purchase solicitors compare price website
Is there a place to compare all legal for a house purchase? Thanks
-
Breach of missives (Scotland)
Just purchased a property in Scotland the property was supposed to include all furniture as detailed in missives. The day I got the keys I discovered that all the furniture had been removed. The seller and agent acknowledged that there had been a mix up and all the furniture went to charity. They have offered £200…
-
Freeholder built penthouse in 2012. Leaseholders now served S20 to fix issues with the roof
Hi - I'm a leaseholder of one of the flats in a 3-storey block of 24 flats which were built in 2005. In 2011, the freeholder applied for planning permission to build a 4th storey which served as an extension to his flat. (Planning can be seen here - (Removed by Forum Team) He then sold the flat for a significant profit,…
-
Type of survey on a fully re-designed property
I wonder whether there is any benefit in carrying out a survey on a fully re-designed property and if yes, what type would be best. Thanks in advance for your response.
-
How to find out who owns a footpath
Not sure if this is the correct forum to ask. We live in a cul de sac, between us and a neighbour is a footpath that runs from our road to a neighbouring estate. It's mainly used by cyclists and pedestrians but often railway maintenance vans go down it, to the line that runs by the other estate. The track does get…
-
Bad survey - should I disclose the document to the sellers and their agents
My level 3 surveyor visited the property I am buying and phoned me same day with a long agitated speech about various alarming issues with my dream home. I was so surprised as it is not an ‘old’ house. I have not received the survey yet and I understand that what sounds alarming on the phone may not translate to the…
-
Buy to let Self Assessment last years invoice
Hello I found an invoice from last tax year (dated Mar 22) for a replacement front door & back (previous ones was very old & damaged) to our rental property. For some reason unbeknown to me I didn’t add to my self assessment for last year. Does anyone know if I can add it to this years self assessment? Or has that ship…
-
Buy to Let - has the time passed?
Hello All, Looking for some advice on a BTL investment. Rookie investor and understand a lot of the landlords are coming out of their investments. However, the house prices are finally on a slight down shift and this ‘might’ be a good time to get a fair deal? Some details below on the BTL option. 90k house 25k deposit 6.6k…
-
Overdraft and Completion
Due to exchange and complete next week with nationwide. Fundsbhave been sent already. Have dipped into my overdraft £113 showing on the credit report...is this likely to be a big problem (panicking slightly) thanks
-
Transferring property to Limited Company
Good Afternoon. I outright own a property and looking to purchase a 2nd with my partner, renting the 1st (suggestions that there are better investments by selling it welcome!). To transfer it to my own Limited Company, does the full value monetary transaction have to occur? i.e. I have to raise the capital for 1 day, to…
-
Waiting to hear if offer accepted after 3 weeks
We made an offer on a property 3 weeks ago and still haven't heard if its been accepted - The property is in a complex of others and all for sale individually (with the same vendor), we offered the asking price and are cash buyers. We've rung the agents each week but they keep saying that the vendors "haven't decided yet",…
-
ERC on BTL that is being remortaged to a residential? tax deductible?
Slightly niche scenario. Current BTL mortgage is expiring in 2024 but we have decided to remortgage the property onto a residential and move in there. We will be paying around £2000 in an ERC. Can we offset this against out rental income the way we would with interest. Its a rental expense but more in disposing of the…