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FTB: What would you offer for this flat?
I'm a first-time buyer and I've found a flat I really like, in an area where there are slim pickings in my price bracket. The location is ideal for work and the flat is in tip-top condition, which is a real bonus for me. Current asking price is £285,000 and it was already reduced in price a couple of months ago. I think…
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Maintenance and running costs for a larger, older house
Hi all We are looking for some advice to help us understand potential ongoing maintenance and running costs for a house we are considering buying. The house is in Surrey, was built in the late 1800's as a stable block and then converted in the early 1900's. It is 240sqm and has high ceilings (around 3m) throughout. It's…
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Home improvements translating into value?
Edit: Only reply if you're in the know about property in the greater Glasgow area and understand what it means for a town to be bordering Glasgow, have good schools and have a sub 10 min commute into the city centre. Also only if you understand the offers over system and the fact houses in the area tend to go for…
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‘Defective’ lease (possibly) and should I pull out?
Hi I am several months into purchase of a two-bed leasehold flat in an area I like. My solicitor contacted me to say there is a clause in the lease relating to Section 121 Law of properties Act 1925 effectively meaning the freeholder can re-possess the property if estate charges go into arrears. This is unlikely to happen…
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Lease Extension Details
Hello, I have approx. 82 years left on my lease, on a 50% shared ownership flat. I have contacted the freeholder ( The Housing Association) and this is their reply. Does this seem fair? I am totally new to this, and a bit out of my depth. I still need to find a Solicitor ASAP. Can anyone clarify this exactly? "Shared…
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Universal Credit Rent Arrears
My ex tenant is several thousand in arrears. They say that payments have been made to the landlord, in this case the letting agent. The tenant has asked UC for details of the account it was paid to in order that we can challenge the agent as to why they deny having received the payments. Many efforts have been made by…
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Typical Timeframe between exchange and completion
Looking for some advice please. Currently selling our property and one potential buyer, currently renting has advised they’d need 2 months between exchange and completion as that’s their notice period. Agent thinks this is standard now but this seems a high risk for everyone else involved? 2 months is a long time. Can…
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Security - sending confidential document by email
Evening I have been asked to supply a SA100 (full tax return) to a referencing agency as additional info and it was suggested this could be done by replying to their email! My understanding is that this isn't secure enough and therefore should only be uploaded via a secure link. Are there any IT wizards who know if gmail…
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sell or keep BTL?
I bought a flat in 2002, which I lived in for 2 years, then moved in with my partner. I rented it out ever since but am now at a bit of a crossroads in my life and trying to work out the best thing to do. The rental income is currently around 10K annually but it's on an interest-only mortgage which costs around £5300. Add…
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Council tax and renting
My family member is looking to move from one rented house to another. They've had an offer accepted, but the landlord has said that a condition of them renting from him, his name must be on the council tax. Now my research and the family members indicate this is such a huge red flag it's impossible to ignore. What could be…
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Paying twice for post completion fees!
Our house wasn't brand new (although it was built about 4 years ago) when we moved in we bought it off the previous owners. Now 1.5 years down the line the solicitor and Management company are asking for another £444 for Certificate of Compliance + deed of Covenant for their other company even though we paid that for their…
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Buying a flat with a 99 year lease
Would you buy a flat with 99 years left on the lease or would you ask the seller to extend it?
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Tenancy deposit dispute – what I've learnt about negotiating
I’m going through a tenancy deposit dispute and thought it might be useful to share my experience. My deposit is held in the Custodial Tenancy Deposit Scheme. My landlord initially wanted £380 deducted for 3 different items. I disagreed and initially rejected all deductions. Rather than just arguing about whether the…
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Buying a probate property
We are in the process of buying a probate property. The sellers haven't answered all the questions on the TA6 and TA10 forms. We have received a letter from their solicitors stating that the buyer purchases the property as seen and no guarantees/warranties can be implied. The utilities gas, electric and water have been…
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Chased for flat service charge when already paid
Hi all I am being sued for payment of service charge on a BTL flat even though I have already paid it and then some. I own a mortgaged BTL flat, no 3 in a block of 10 (named ABC Manor for these purposes), that I have rented out since buying it in 2017. I am a 1/10th shareholder in the ABC Manor Management Company (AMC) and…
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land registry - our own garden?
I am helping to sell a house that was purchased as a new build in about 1972, and has not sold since. There used to be a footpath (not a right of way) at the rear of the properties, left over by the developer. A few years after purchase, the developer offered the land to the adjoining houses, for the legal fee, and I have…
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"Natural Ground Stability"
The homebuyer’s report for our property identifies that the house sits within 50 metres of an area described as having a “moderate to high potential for natural ground subsidence”. I understand that this type of wording can appear in Homebuyer reports where there is a geological feature or susceptibility identified in the…
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High Party Wall fees
Hi I have a project to demolish & reconstruct an old, falling down, outbuilding which borders 1 neighbour. The cost for the Party Wall surveyors (we have to pay for 3 as a leasehold property) has come in at over £9000 ! The expected costs were originally less than £3k - assuming that we would have to pay for 2 surveyors.…
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Rent with no income but large savings - Renters rights laws ?
I have posted on Reddit but I thought I would try my luck here too. I dont wish to link to the reddit posts as I am not sure its allowed. Not working since last couple years. With net worth a healthy multiple of yearly expenses (including rent), you could say FIRE-d. Don't wish to drawdown my SIPP tho yet just to "show…
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we buy any house companies
Has anyone had dealings with these sort of companies ? just interested in any feedback as it may become an option for me . my situation is old terrace house in good repair for sale but neighbouring property is in poor state of repair which i can see putting buyers off . Also I will need to declare i have approached…
