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Another thread about foam insulation
My Son is a FTB & found a 2 bed semi bungalow, his deposit is approx 20% of the property price. The seller has already advised the loft has spray foam insulation, this was already in situ when they purchased the property 20+ years ago & they have no paperwork pertaining to the insulation. I gather that a mortgage is not…
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Consent to Let vs Buy-to-Let: Best Mortgage Option for Renting Out My Property and Releasing Equity
hello thank you for reading. I have a 5-year fixed residential mortgage with Nationwide, which ends in September 2026. The mortgage itself is a 30-year mortgage. I need to move back in with my parents because I need to help care for my dad, so I can no longer live in my current property. I would therefore like to rent the…
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ID/AML checks.Do I have a choice?
I'm buying and the EA uses Lifetime Legal for ID/AML checks.I can just about accept the cost but I'm not happy to use this company.They have a lot of bad reviews.If I give my consent to use a third party to do the checks that is all I want them to do I don't want to be offered or buy any additional products or sign up to…
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Buying a freehold house but part of garden (15ft strip) is leased to council– anyone had experience?
Hi all, I’m a first-time buyer and feeling quite nervous. I’m buying a freehold house, but I’ve discovered that a 15-foot strip at the very end of the back garden has actually been leased out to the council (so the council is the tenant). Has anyone here had experience with this kind of setup? * What complications or…
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Enforcement of a lease apparently
not getting any answers to the actual question
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EA asking buyer to pay for ID/AML checks
I'm a first time buyer and had an offer accepted on a house. Then I was told by the EA that I'll be contacted by a third party (Lifetime Legal) to carry out AML Checks, for which I'll need to pay £75! I knew about the checks and assumed the EA would take care of it as its their responsibility. I was not aware of this…
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STAMP DUTY - IS IT WORTH THE MOVE?
Hi Everyone, I think I have finally convinced my husband to move house! We are in a 3 bed bungalow and only moved there as a stop gap, while the kids were at school…that turned into 15 years! We have completely out grown the bungalow and want a house. We have two students that still live with us and commute to Uni/College…
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Stamp Duty
Okay so I bought a 50% share of a house back in 2020 for £91,000. It was my first home so no stanp duty was payable. I have now staircased to 100% ownership, the full house value now is £210,000. Will I need to pay any stamp duty on this? The government website to try and work this out may as well be in hieroglyphics!
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Saving for a deposit - FTB
I am saving for a deposit for my first home. I’ve actually reached my initial goals, but as I am looking to convert being in a contract role into a permanent position, I am continuing to save while searching for a new job, which will give me an even bigger deposit. When I first decided to start saving a few years ago, I…
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To stay in Social housing or to buy a house
Good evening all , Please could I have advice . We have been in our Housing association property since we were young and homeless and managed to work our way up . we now could possibly be in a position to buy our own home ( we are late 30s ) but to get a mortgage on a similar size house to what we have now we are looking…
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Leasehold Nightmares
I bought a 50% shared ownership 3 bed end terrace in 2020 and last week I completed on staircasing to 100% ownership. Before I started the process to staircase, I asked the housing association that owned the other 50% if I would acquire the freehold upon staircasing to 100% and they said yes. Fast forward to today when I…
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Higher rate stamp duty eligibility
Hi all, I'm hoping someone with a good understanding of the higher-rate SDLT rules can sanity-check our situation. We're married and are about to sell our current home and buy a new one. Our circumstances are: My wife owns our current main residence outright in her name only. We have both genuinely lived there as our main…
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Stamp duty
My son is renting the only house he owns. He has a certain amount of equity in it. He wants to remortgage it on a buy to let mortgage to raise a deposit for another house he will live in. Total value of both houses comes to 450k or thereabouts. He has been told by a broker he will have 11.5k to pay in stamp duty...…
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Advice from private landlords on set up
Hi all, Using a new profile as I can't access my old account but I'm new to the rental boards after years on debt-free and mortgages instead. Situation has changed a little over the last few years and I am hoping to get some advice for my mum and myself on whether what we are looking at is reasonable/will be affordable for…
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Asking for other opinions
elderly mom has offer accepted on Victorian flat in very good area not cheap, recieved the survey back lots of damp plasterwork needs removing quarry tiles on earth needs membrane put under. Also the main roof needs attention 5 owners are leaseholders but also share part freehold. The management company are the freeholders…
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Property with 'proceeds of crime' charge on title deeds
I've seen a property I'm interested in viewing. It's been on the market a while and has been reduced in price multiple times, the fact it's detached, 3 beds, in a decent area and the EA couldn't (or wouldn't) tell me much about it got my spidey sense tingling so I paid £7 and downloaded a copy of the title deeds. There are…
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Capital Gains Tax on Property Sale
Hi My parents are downsizing to a flat. They will be moving before their current home is sold. So when they do sell their current home I think CGT will be payable as it will no longer be their main residence. I believe there is a grace period of 9 months after you move out but it may be extended to 36 months if the owner…
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Bought a flat, very bad smell please help im struggling
Hi My Daughter lives at the other side of the country and she recently bought her first property which is a massive thing for her as prices where she lives are great. She made her offer in late March and it completed a few days ago. Two friends viewed the flat with her as me and her Dad are at the other side of the country…
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Unregistered Property - Death of Joint Owner.
Hi my parents home is in England ©400k and owned jointly since 1986. Therefore it is not on the new property register. Dad died last year, probate was not needed as all money was already with mum or joint accounts. Their wills left everything to each other. I am my Dads executor, and also I am looking after mums financials…
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Am I right in thinking I cannot build an extension the way I've planned?
I've added photos of the land title, and screenshot of where I plan to build. The black lines are my intended extension, the red dashed lines show where my fence sits. If I extend as full width of the home, I will block half of my garage, which is fine as I don't use my garage. Land registry shows that half of shared…
