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Selling a House. Pre-exchange Matters
I am selling a house that belonged to my late sister and brother in law. My late sister had bequeathed me her half share in the property twelve years ago. My brother in law had continued to live there until his death in 2022. I have a prospective buyer but we have not exchanged contracts. There are issues about which the…
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Share of freehold and management company
Reaching out for advice... We have just moved into a share of freehold flat, there are three people sharing the freehold (including us). There is a mangagement company which is pretty quiet, there are no accounts from recent years and no minutes. All decisions are made amicably over whatsapp as far as I can tell. All been…
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First time buyer, deciding where to move
I'm in my mid 30s, no dependents, looking to buy a first property and trying to decide between two options: 1. Buy a house somewhere quiet & affordable and stay there (there are a couple of areas I'm considering) 2. Buy a flat in a big city with good employment prospects (e.g. London) and live & work there for a few years…
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modern auction fees after auction finished
Hi, I enquired about a property for sale by mmo, didnt really know what that was, after looking it up realised it was not suitable for us as we are not in a position to buy in a set period until our house sale goes through. In the meantime we viewed the house with said company, if the house does not sell at auction and I…
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Off street parking and PTAL 5 zone
I am looking at a new build in London that has access for vehicles and enough space for parking 2-3 cars off street. But I just found out that the site was classed as PTAL 5, which according to Google means that car parking is not possible. This is mentioned in the planning application for the new build. They say that the…
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Property Portfolio into a Limited Company
Hey, I am very new to this but I am learning. (be kind) I have started looking after/getting them all in order paperwork wise after my fathers three houses and one flat. (Rented properties) I briefly saw a video (on Facebook) about putting the property portfolio into a Limited company if it was worth under 2 million and…
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Extra charges after I have completed on a remortgage .
Hi I recently completed (1st Aug) on a new mortgage on my leasehold flat. Two weeks later I am getting e-mails from the solicitor, saying I need to pay £250 for a "notice of charge" to a new ground rent agent. I paid £120 already to the old agent, and am now being asked to fork out an additional £130.00 to cover the…
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Help! Kept in the dark!
We sold our property end of may. In a chain with 3 other people. We’re buying a house with no chain, those buying ours are selling an apartment and at the bottom of chain is FTB. Our purchase and sale is ready to go BUT the sticker is the apartment and bottom of the chain STILL unable to obtain a mortgage due to something…
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Do I need to do anything to let my friend live in my home?
I'm a homeowner (with mortgage, in Scotland) and have a spare room. I have a friend in need of a place to stay, and since we get on pretty well I'm happy for them to move in to the spare room. I have no desire to charge my friend rent so I'm not sure if they'd be classed as a lodger, but they'd contribute towards the…
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Joint tenant ownership and tax
I am a 72 year old single mum considering transferring ownership of half my main residence (no mortgage) to my adult son who lives elsewhere. This is to reduce IHT since I will exceed the IHT allowances. My questions are: can I continue to rent out rooms to lodgers (rentaroom scheme), and not share the income with my son?…
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Missing freehold (maisonettes)
UK 4 bed Victorian house converted into 2 maisonettes in the 70's last change of ownership was 98'. Peppercorn 999 year lease. no ground rent. no landlord/freeholder. The freehold is missing on the land registry....both properties are shown on land registry as leasehold but no entry for the freehold Was looking at the…
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Estate agent viewings
Hi , Your thoughts please, our EA is sending people to view our property that do not have their property on market. Iv been doing the viewings myself and always make buyers welcome . we have been on market for a month now the very first viewers offered £ 20,000 under the asking price . we did not even take it seriously as…
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Conveyancing and access to the public highway
A quick question for anyone with a conveyancing background…. When buying a house that can only be accessed by crossing private land to get to the public highway, is it standard practice that the conveyancer will require that an easement is shown in the original transfer documentation (TP1), or other legal document? As in,…
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BTL QUERY
Unbeknown to me my husband purchased a BTL and we have been living in it for 8 years . Mortgage soley in his name will I be in trouble? I ask as he is now divorcing me and is forcing me to sell our jointly owned property in London to release money and to switch BTL to residential and remortgage (as BTL still has over…
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Mortgage and Credit Cards
Hi I have around £18k credit card debt left which is currently on interest free until this time next year . I need to shift this debt onto other interest free balance transfer cards and keep paying it off . However , I have just been accepted for a mortgage in principle and I am hiding this from my parents who are about to…
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FTB issues
Soooo we had our offer accepted in April this year, we’ve been told numerous times that things are going well and even been given dates that are vendors were expecting to be able to complete. Since then everything’s gone quiet and the latest is that the top of the chain is having to go through probate. we have made lots of…
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Bishopsgate Law for conveyancing - any views
They seem like a fairly standard factory model, but have good reviews in several places, advertise giving regular updates (my biggest bugbear is silence/uncontactability), are keenly priced, and do actually have offices close to where we live, work and not far from where we are buying. So while I'd normally veer towards a…
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Stamp duty refund
Hi, 2 years ago i rented my house out which is soley in my name. (House A) then me and my partner bought a house to live in( House B) I paid £5500 stamp duty on House B. I own house A + B, my partner owns house B Me and my partner have now split up and i'll be signing House B over to her. So I will now own (House A) and…
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Deed of variation on leasehold flat shared area in conveyancing - experiences?
We are in a chain, we are fourth from the bottom. When we accepted the offer (first week in April, needing to hurry to be exchanged ideally by early june for school places) the chain below was pretty progressed as they had been waiting for the people buying ours to find something. We said we would sell regardless as moving…
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How long is your sale taking?
I wonder what has changed in the seven years since I last moved house? I thought that with so much more online it would be quicker. I’ve moved house a lot and the last purchase took 8 weeks from first viewing to completion. My previous sale a year earlier took 10 weeks. I’ve always sold and moved into a rental and never…
