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Buying a second property for retirement
My husband and I (both 55 yrs old) would like to retire to a bungalow. We would like to buy one that needs work, but don't want to live in a building site. We will be mortgage free by 2027 (but will be 57 then) and would like to stay in our current home until 2030. So, the dilemma is - should we remortgage our current home…
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Not sure how to start this , but here goes .
We have an interest only mortgage with 10 years left on it , the mortgage was sold to Intrum Mortgages with their rate of 9.05% , we are claiming benefits because I had cancer and i have other health issues , so we get support for mortgage interest . The monthly payment is too much for us to manage, we also found huge…
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Early repayment charge
Just running this by the forum for opinions please. The ERC on my mortgage is based on a percentage of the advance amount rather than amount outstanding at the time of redemption. Is this usual?
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Viewed Property with Subsidence – Worth the Risk?
Hi all, We’re first-time buyers and recently viewed a property that we really liked, especially because it’s in a premium location and priced quite low for the area. However, the property has a subsidence issue, with visible cracks on both the inside and outside walls (photos attached). I spoke to a neighbour who said his…
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Lower Valuation
I'm a second-time buyer. Bought a house with my ex in 2021, now being bought out of that house and purchasing on my own. I have had an offer accepted (about 3 weeks ago) and have started conveyancing/have a mortgage approved. I viewed around 10 houses before I made an offer on this one. The house is cosmetically immaculate…
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Helping parents with property purchase?
My parents are looking to move home. The new property will likely cost a little more expensive than their current house will sell for. They own their original property outright. I’m in the fortunate position to be able to help them make a cash offer for their purchase. As the new property will need a lot of work will be…
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Mortgage illustration questions
A younger family member is buying a property. He has a mortgage certificate and an illustration. The illustration shows the new property address and all the payments for the next 25 years. I didn't think illustrations contained the new property address. Does it mean that the document check has passed? If it doesn't, how…
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Transferring house ownership to new spouse
My ex husband and I obtained an online Final Divorce last summer after we split amicably and cooperated in full agreement about all aspects of the divorce and division of assets as we had no children, only a house which we own and had a lifetime mortgage on. I have since remarried and ex husband and I obtained a Consent…
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Sale of Gifted property by spouse
I bought a house in my name in 2009. When we bought our next house where we live today, I gifted my first house in wife's name through a deed in 2021. It has been currently let out. I want to check what happens if my wife sells the house. Would the capital gains tax be charged based on increase of value from 2021 to 2025…
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Tenant has handed in notice but won't pay rent for April 2025
Hello, I'm asking on behalf of an elderly landlord. His tenant has handed in his notice and has said he will leave at the end of April. He always pays his rent on the 3rd of the month but he didn't for this month. The landlord only noticed a week ago. He asked him about it and the tenant told him that his laptop was…
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Risks of big gap between exchange and completion?
Hi all, We're in a 4 property chain, we're FTB so didn't have a huge amount to do and were ready about 4 weeks (end of March) after starting the process. There were issues with a couple of the other houses in the chain which delayed things a little, but still seems to be happening in good time. Our seller cannot complete…
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Higher land tax querie
I have a residential and BTL property 2 x 200k which I’ve already paid the higher rate of stamp duty on. I want to keep my residential and change it to another BTL. I understand I’ll have to pay higher rate of stamp duty on my next residential which would be a fortune. Is there any way I can transfer my current residential…
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NatWest Mortgage Application
Hello, we are applying for a mortgage with NatWest through a broker they have got an agreement in principle for us with the amount we would like to borrow from NatWest and our maximum borrowing with NatWest is coming in £55k higher than the amount we would like to borrow. On the broker information section of NatWests…
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Gas and Electric safety certificates for house seller
Hi all - I searched the forum the other day for the 'best' way to get these safety certificates as a house seller and found this company being reviewed well (although most of them from a while ago) https://www.gassafetycertificate.info/ The only way to book is via an on-line form and then use WhatsApp to message them. 2…
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Stamp duty non UK residents
Hi can anyone clarify the rules on non UK residents and second properties. Does the second property charge apply if that property is not in the UK?
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Structural Engineers Report
Hello, I wanted to get an outside opinion. I’m currently buying a flat for a 45% share, and I’ve approached Principality Building Society for the mortgage. I’ve done an Agreement in Principle with them, but two months ago they said that the building was of unknown LPS. The estate agent said to direct them to the EWS1 which…
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Capital Gains Tax, First home became rental, now sold
Hi, Could anyone offer any advice on capital Gains Tax? We bought our first house in 1999, it needed a lot of work to make it a home. Old Rotten wood single glazing replaced with UPVC Rotten Conservatory removed Bathroom floor and Joists needed replacing, along with bathroom No handrail on stairs New Boiler cavity wall…
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AML checks when DIY conveyancing
Hi. Does anyone know of any third party anti money laundering check options that a private individual can use when DIY conveyancing? I've had a google, but not found anything, and hoping ideally for a personal recommendation. I know that I could pay a solicitor to do all the conveyancing, but that hasn't been budgeted for…
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My ongoing boundary dispute ordeal/odyssey (advice sought)
Apologies for the following lengthy narrative! My year-long dispute has some unique characteristics and twists and turns. In September of last year, without warning me in advance, my previously trustworthy/friendly neighbours began turning their front garden into a resin-topped parking area. On the first day their…
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Any good conveyencers in Hemel?
I'm a FTB and would like any recommendations of conveyencers close to the town centre (don't have a car)
