-
TR1 incorrect valuation
I bought an apartment with two other friends for £94k. Several years down the line, sadly, we drifted apart so the partnership was not working as well, and one of my friends got terminal cancer. The property had lost value - the investment was not working as we had planned. So, we decided it would be best if one person…
-
Neighbors running a repair business from home?
Hi all, Bit of a weird one. So we have lived in this property for about 14 years now, one of our direct neighbors (separated via fence) have always been a bit loud etc but never been terrible. They used to repair vehicles on their drives, small vans etc. They then sold or rented (it was up for sale for a week or two and…
-
62 years old, £77k cash, newly divorced, £33k wage... Suggestions for housing
Have several months breathing space, but will then need housing options. Recently walked away from a better job and now starting again on a much lower wage at a new firm in 5 weeks. I am looking to buy within a 50 mile radius of Stamford, please nobody suggest Peterborough, I would sooner live in a container in the woods…
-
Leaking Roof and Damp - Mortgageable? Price Reduction? Walk Away?
Hi all - so am currently having a nightmare property search. Have found a property that me and my daughter liked, however upon getting the survey it flagged 1. The flat needs generally updating, cracked tiles, worn carpets, units, etc - this I was aware of and planned to do anyway.2. The bathroom and kitchen floor needs to…
-
Is the sellers estate agent BS'ing me?
I made an offer for £125,000 because the seller has previously accepted 2 offers for that exact amount, proof from this PatMa extension But the agent told me the seller is looking for offers above £130,000. I told the agent the seller has previously accepted offers for £125,000 so that is my offer I'm not going any higher.…
-
Section 21 Notice
A friend of mine has been served a Section 21 Notice giving him 2 month’s notice to vacate his rental flat. Due to him being a vulnerable person, we have been in contact with the Local Authority for their help. They initially asked to see various documentation including a copy of the S21 Notice. We were not able to provide…
-
Any issues with this estate agent contract?
Perhaps someone here is better than me at spotting potential issues! Here it is uploaded to filebin... https://filebin.net/4lueewc6s32ihm5e The parts that I don't like are: "PAYMENT BY SOLICITOR" seems like they are trying to bind my solicitor to this agreement too? "WITHDRAWAL AFTER A SALE HAS BEEN AGREED" with a…
-
6-month rule change of ownership in conveyancing
We've been conveyancing for a property for 3-4 months now, with the mortgage offer approved and searches underway. The property has undergone a change in ownership due to probate for one of the joint owners, and we have had to wait for a first land registration (now complete). One of the owners has owned the property for…
-
Trying to end tenancy agreement
My son and their partner have a baby they are in a fixed term tenancy which ends in April next year . They are really struggling financially and mentally to stay in this house. They want to move back with parents. There is no break clause and the agency will not help . Is there any advice someone e could give me please.
-
unclear boundaries
We are buying a house and its almost 15 weeks and our lawyer has advised us application for adverse possession and indemnity insurance as the title on land registry is a bit lesser at the parking than shown on the deed he has! Our seller has taken the indemnity insurance and not contacted the land registry as it will take…
-
Opinion: Fleecehold as a high risk investment?
Dear all, Like many others on this forum, I discovered late in the buying process that the property I’m purchasing is a fleecehold—a freehold with ongoing estate charges. I’m now at a crossroads, trying to decide whether to proceed or pull out. I’ve read through many of the discussions here, which have been incredibly…
-
Council Tax
My problem doesn't seem to fit any other thread I've found and Google just goes off at a tangent. In April 2023 my mother went into a care home leaving her house unoccupied. The council told us CT wouldn't payable from that date. In Jan 24 my brother and I (both POAs for our mother) decided to rent out the property for a…
-
Conveyancing and searches
Searches have been done for a flat my brother is buying. The solicitor has sent him loads of report which he does not understand. Surely I thought it is the job of the solicitor to advise on the search results as we do not understand any of it. Thanks
-
Using a LISA when buying a porperty below market value
Has anyone had any experience of using their LISA when the market value of the property being purchased is greater than what you are paying for it. My parents are selling me their investment property at a concession so that we can afford to get on the ladder and purchase our first property. The property is worth £520k and…
-
Handing back premises
After some advice please. I owned a commercial property which I sold to the new owner a year ago and agreed to take out a one year lease whilst I wound down the business. Landlord etc had given documents for termination of lease on agreed date of today but all utility companies etc are asking for a surrender of lease…
-
Avoid higher stamp duty on 2nd home
I currently own a property which is rented out on consent to lease and I moved in with my partner who also owns a property. I was under the impression after a previous post, that if we were to marry, this would then class his property as both of our main residence. We plan to sell his property and buy a new joint…
-
Shared path between 3 neighbours
We have just looked at a beautiful bungalow. But as a worrier by nature, I am concerned about a private path shared between the three bungalows. It's not very well maintained and leads from the street to the park path behind. There are signs in either end to say that it is private and have a padlocked gate on one end. My…
-
Estate Agents clauses
I am looking to instruct this EA as a sole agency and whether these are standard terms? 1.'Contract If any part of this contract is held unenforceable or invalid the remaining parts of this contract shall be enforceable and valid. This agreement shall be subject to the laws of England & Wales.'I think this is acceptable or…
-
Charging Order
I have recently transfered all of our property in my sole name, it's all gone though and reflected on the title and the morgge is in my name only. apparently the Land regestry has send a letter saying there's a charging order that was requested for my wife, she was on the property previously and her name on the title deeds…
-
Seller lied on TA6 Form, now lack of enjoyment, what next?
Found ourselves in a pick of a pickle and wanted to ask the general view on our position and what to do. TL;DR - Noisy neighbours > Seller Lied > What next? We bought our terraced house a few months ago, we very quickly discovered that both neighbours either side are loud with the one side being constantly intolerable…
