-
Buying part-exchange, issues with registered title.
Evening, I was wondering if anyone has been in a similar situation. I'm a FTB going through the process of buying a property. The property is a Part-Exchange, from my understanding the current owners and registered title are the occupiers waiting for the new build to be built, while "Said" developer are selling there (The…
-
Home insurance and subsidence
I’m not sure this is the right forum but anyway, this is about
concerns about selling our house which has a history of subsidence (repairs
were done and we have certificates of Adequacy). Recently we tried to find a
different insurer because our specialist insurer has increased the price quite
dramatically. ALL the other…
-
Missing Freehold
In 2018 I purchased my house which was originally listed as Freehold. Subsequently the vendor had lost the purchase details for the freehold and he had not submitted the purchase to land registry. we both paid half each to repurchase it. Due to time constraints I had to purchase the house as leasehold but later received…
-
5% stamp Duty rise
Hi, be grateful for help, in the process of buying a property, searches done, mortgage done, survey done,solicitors done everything and everything finalised but not exchanged. Will I have to pay the extra 2% stamp duty rise today even thought I was already this far down the process? thank you advance for any help
-
SDLT on main residence when owning a rental property
My wife owns our main residence and I own a second home which I rent out. We are currently selling our main residence and purchasing a new one which will again be in my wife's name (Sale and purchase will be completed same day) . We have been advised by our solicitor that we have to pay the higher rate of SDLT but using…
-
Taking some house equity out during move
First post :) Hi all I bought my first house about ten years ago when it was just me (so it's in my name). Since then I've got married and therefore have the benefit of two incomes, and recently had a couple of kids. Which means time for a bigger house in both our names. We're fortunate enough not to be stretching…
-
Bad credit will they pass checks for renting
Forgive the long story. Daughter lives in rented house. Her bf pays half her rent to her. She and two friends are on the lease. Two friends moving ou this weekend. New tenant for second room found and bf to be added to leas from 6 November. Turns out he has 2 CCJs which he is paying off credit check failed so landlord has…
-
Asking price price accepted but now think it's overvalued, torn between surveys to get a valuation
Hi all, I put an offer on a ex-council flat for its asking price of 545k which I now believe was overvalued. Reason for that was researching market prices for the other flats in the estate which have sold for 465k to 530k in the last 10 years (during the which flat prices haven't fluctuated much from what I can see, on top…
-
'Sold as seen' - what are my rights.
Good evening. We have had an offer accepted on a sold as seen property. We are currently waiting on the lenders valuation and then going to get a full survey done on the property. I understand that once we exchange contracts we accept any issues that the house may have. However on the lead upto that we are just trying to…
-
Preserved Right to Buy
My partner and I have preserved RTB on our property (3 bed maisonette). We submitted the RTB paperwork in September, have had it accepted and had the valuation visit 2 weeks ago. We are now awaiting the outcome and the offer. My question is given the changes announced in the budget this week to the RTB discounts, am I…
-
Companies who sell your house quickly
Have any of you had any experience in these companies who state to sell your house quickly? We are desperate to sell our property to move nearer our family but we are very wary of their offers.
-
Crazy time for new BTL or put in own home?
Hello I'm at a bit of a crossroads and looking for some advice. I have the opportunity to potentially invest in a BTL or move house and invest it all in a larger family home. Is this a crazy time for a new BTL? Taking everything towards a larger home would mean little left over for investment. But with landlord taxes (60%…
-
Optimus Searches
Morning, I’m just wondering if anyone has sorted their conveyancing through Money Supermarket and ordered their surveys through Optimus who say they’re 4-6 weeks faster than the Solicitor getting them themselves. How quickly after instructing the solicitor have Optimus been in touch to order them?
-
Mortgages - First Time Buyers - Down Valuations
Hi All, just wanted to share my experience of applying for mortgages as a first time buyer. At first I applied through NatWest as they had rates of 3.9%, but I really dislike this bank and last minute decided to go with Nationwide who I do all of my banking with, they have a rate of 4.1%. Thank god I did as Natwest down…
-
Should we sell our Buy to Let to pay off the mortgage on our home before interest rates rise?
Hi All, I am going round and round in circles about whether to sell my buy to let flat to pay down our mortgage before our interest rates jumps up. I would hugely appreciate your views on this. The facts are: I own a buy to let property in London which I rent out. Rental Income 1900 pm Mortgage payments 551 pm (repayment)…
-
Stamp duty on second home
Hi All. Wondering can any conveyancing experts clear something up for me? My wife and I each had our own houses before we met. I moved into hers and changed mine to a buy to let. I changed her house to my main residence (bank statements, etc) and I have been living there for 4 years. We are looking to move houses now. If…
-
SDLT Query
Apologies if this has been asked elsewhere on the forum. Looking online gives varying different answers, and also speaking to different tax advisors I receive different answers. The query is that my partner who already owns and lets her property out is going to be added to my mortgage and deeds when I come to remortgage.…
-
Second home stamp duty question
Hello everyone, advice much appreciated. My partner and I will be converting the flat we currently live in to a buy to let end of December, and then we will go travelling for 6 weeks. During this time, when our current residence is already a buy-to-let, we will exchange and complete on a new home we want to live in. My…
-
New build title still not registered after 32 months
My new build property is still not registered 32 months after purchase and I am trying to sell. The builder and Land Owner (a government agency) appear to be making eliminatory mistakes (like a signatory not giving their full name or job title). They taking months to reply to Land Registry requests. There appears to be…
-
Rightmove statistics
Hello, Listed my property Tuesday evening. It’s a house in the South East in an attractive historic town commutable to London. Despite being touted as a popular place to live, I have watched Rightmove over the last year and feel the housing market is very slow, with many houses sitting around and getting reduced. i got…