-
Completion agreement post exchange (owner damaged property)
Does anyone have any experience of needing to write a completion agreement? I have exchanged but completion is delayed from the agreed date because the owner has damaged the house I am buying to the extent that it is unliveable in. He has also damaged the party wall and the neighbours property. Under UK Property Law I…
-
2nd home SDLT surcharge
Hi, I recently purchased a new property (Home 2) before selling my existing one (Home 1) and paid additional stamp duty (2nd home). Home 1 is now rented out on a 1 year lease but is also up for sale. Assuming it sells within 3 years, will I still be able to claim back the 2nd home SDLT even though it won't have been my…
-
Conveyancing with solar installation
Hello! We recently moved house, completing on 1st July. Our new house has solar panels and we're complete novices in this space...but learning, and it's largely positive! We've hit a brick all with the transfer of the FIT payments from the previous owner to us, and require a signed letter from our solicitors to send to the…
-
Where to look for a cottage to rent?
Unfortunately a cottage I was hoping to rent has fallen through so I am looking for another. Rents seem to have absolutely shot up recently so I'm struggling. I live on Rightmove and Openrent but the kind of place I'm looking for used to be advertised in the local paper or village shop noticeboard. Now neither of these…
-
Fire Door Requirement
Hi I've received a letter from the managing agents about having the front door inspected for fire safety. I live in a ground floor flat that has its own dedicated porch and exit outside into a large front area that then leads onto the street. I have no communal areas or stairs at all and am completely self contained. I am…
-
Sole seller agreement query
Hi all, i advertised my house to sell via an EA in Jan this year, then took it off the market after a month as i had decided not to sell. When i ready to sell again I found a private buyer through a colleague. The Contract with the EA expired 2 months ago and now im in a position to exchange and complete with my buyer but…
-
Stamp Duty While owning a consent to let.
Good Evening! Hopefully will have some views on this, I currently own another properry. We moved out of it 2 years ago and it’s been a rental property in the mean time and we’ve been renting while we tried to find somewhere else to buy. We relocated from one side of England to the other. We’ve now had an offer accepted on…
-
Parking on Council owned land
can the council restrict a parking space that was previously used by residents? It was also used by access vehicles and emergency vehicles now it’s locked off and access is restricted into our properties which is mixed Council land privately owned. Now we have to walk quite far to find parking. Is there anything we can do…
-
Unmortgageable Flat
I bought a flat 3 years ago next to a small car repair business in a residential area. I was awarded a mortgage by my bank and the valuation survey was approved. Now coming to sell my flat, I've lost 2 buyers as three separate lenders will not lend based on the valuation survey, and here's the kicker - including the high…
-
LadyBrook Securities Ltd and Rentcharge
There have been lots of threads on here over the years regarding LadyBrook Securities, rent charges and retrospective consent. All seems very dodgy but is apparently legal. Advice wanted regarding LadyBrook Securities from anyone whose dealt with them and retrospective consent. They are currently delaying my elderly and…
-
Transfer of property ownership DIY
I want to give my adult son a house he currently lives in with a friend/lodger. The house has no mortgage. I know I will pay CGT on the increased value since I bought it. It looks quite straightforward to do the gift myself with the Land Registry forms, since even an online solicitor would charge over £700, and I can't see…
-
Should I sell my house and reinvest in fixed saving account
Bit of a dilemma can someone help We rent our house about £3000 a month before tax ect. Tennant moving out this month. I am 66 and wife 58, we use income to support my private and state pension and my wife and I are both retired. My wife pays all tax on self-assessment basis. Roughly profit of £32k per year after tax and…
-
Accelerated Claim possession - Tenant agreed to vacate
Hi All, I issued a Section 21 notice a couple of months ago, which has since expired. As the tenant did not vacate the property by the deadline, I proceeded to file an Accelerated Possession Claim. The 14-day period for the tenant to submit a defence is now nearing its end. I recently met with the tenant, and during our…
-
CGT on investment switch
I made an investment into a non ISA fund about 5 yeas ago. A "blip" in the market caused it to lose value in the early days and so, after 2 years, I moved the investment to another fund with a different company. This has done much better and the value of my investment has now returned to pretty well the amount I…
-
Flaws within the lease
Hello, I am recent homebuyer of an 4 bed house and am in the process of exchanging contracts. The solicitors have recognised that the lease has a few minor flaws such as incomplete / missing information on the seller’s side that may impact myself if I were to sell the property in the far future. My lender has agreed for an…
-
Protection for Buyers of Leasehold Flats in Buildings Under 11 Metres - EWS1 / FRAEW
Hi everyone! I'm wondering if there's anything buyers of flats in buildings under 11 m can / should do to protect themselves against potential remediation costs in the future? The flat I'm looking to purchase has a FRAEW signed by Tri-Star and Adam Kiziak. The EWS1 rating is B1 (no remedial action required). I'm currently…
-
Land Registry being expedited
We made an offer on a 2 yr old new build house and then found out a month into the process that it had yet to registered on the land registry. The estate agent had not done appropriate checks prior to putting the house on the market. It was then put it for being expedited 2 weeks ago and this expedition has been accepted.…
-
Second property
Seeking views on our situation. Partner and I - no mortgage. Partner (52) early retired (ok-ish pension - £20k year). I'm a decent earner (£75k and 45 years old). Own our house outright - mortgage paid off 4 years ago. I'm also seeking to retire early. We have over £130k in cash ISAs. Partner gets pension lump some soon.…
-
missed payments - renting a house
Hi ! I'm just about to ignore a second payment to my creditors... Here's my question and a bit of concern. I'm renting a property and been asked to leave as landlord decided to sell and a new owners have some friends looking for a house so obviously they come first. Apart from missed payments, no default as of yet but as…
-
Multiple periods of consent to let and gaps between
I'm currently living and working in Australia. What was my primary residence in the UK has a residential mortgage and is currently let out with indefinite consent to let from the lender renewed yearly. I'm doing some planning on coming back, I'd be living in the home again as my primary residence after the tenants move…
