-
Do I need to tell my mortgage company that I want to rent my property?
I lived in my property for 2 years until moving in with my partner 18 months ago, and I rented my property out through a lettings agent. I did not tell my mortgage lender or insurance company - my mortgage and insurance are both with Halifax. I am now worried about my insurance being invalidated so I want to tell the…
-
Help Regarding repairs from a rental property
Hi all, To cut a long story short, the plaster from the ceiling in our downstairs toilet fell through the other day. Fortunately nobody was using it but this room is directly beneath the bath. I am renting through a letting agent and have been there since end of Feb this year. I am away from the house for this week and…
-
Loan advice for a small development
Hello All I am looking for some advice on a small property venture. I have been lucky enough to have been given the oppurtunity to buy a house for 135k, carry out 20k worth of work and then sell on for a fine 50k profit. However I am now stuck at who to approach for funds, should I speak to an IFA, my bank, a mortgage…
-
We're only just beginning
My boyfriend and I both have student loans and from January, I won't have any other debts. We're hoping to start saving to buy a house one day but we have no idea where to start! :o What kind of savings account could we open to get the maximum benefit from our deposit as we save it? Realistically, how much do we need to…
-
Survey results - do I need to worry?
Hi everyone I'm just had the survey back on the house I want to buy, and there are a couple of things that have been flagged up for attention. As it'll probably take a couple of days for my solicitors to get back to me on this, I thought I'd tap into the collective wisdom here to see if you can put my mind at rest! I've…
-
Tenant owes 2.5K and moved out
Hi My previous tenant has left whilst owning me 2.5K. I have an address for him and I would like to take him to court. Does anyone know what forms I need to fill in? And what route I should follow? Thanks BlahBob
-
Buy before going abroad for work, or keep saving?
I'm waiting to hear whether I'll be transferred abroad for work for 1-2 years. At the moment, OH and I have about £30k in savings and we're wondering whether it would be best to buy somewhere before we go, or keep saving whilst we're away and wait until we get back. Planning on going abroad in Feb-ish time. We could use…
-
Maths question - how much return am I making?
Hi, I've heard that if you're renting out property, then always aim for a return of 10% to 20%. But how do you calculate the 'return'? Say my monthly mortgage is £500, and the monthly rent I receive after tax and agency fees is £1,000, then what is my monthly 'return' and how is it calculated? Cheers
-
can I change the locks on my flat as the management company come in without permissio
HEEELP - I rent out a flat and I suspect the "managing company" may be coming into my flat in the near future- without my permission- so I would like to know if anyone knows if I can change the locks and so that only I have access to my flat...? The management company actually sabotaged another flat by pouring wet cement…
-
Housing Association Shared Ownership Sale or Subletting
Hopefully someone can offer some advice on our predicament :confused: 2 years ago at the peak of the property market my girlfriend bought a 50% share in a flat in Birmingham thinking that she would own it for a couple of years and move on, obviously the market took a major nosedive soon after she moved in and is now left…
-
No Will for deceased father - to sell house
Please help, My mother is trying to sell her house but we have just found the title states “equally between them” and not “equally between them and the survivor of them”. The problem is Step Father died of cancer but had no will, he has children from a previous marraige, but they were not interested in him for the past 30…
-
Can the council review your council tax band?
Firstly apologies if I have posted this is the wrong section of the forum. We moved a few months ago and apparently were sent a letter from the council wanting to confirm our accomodation for council tax purposes. We didn't receive the letter. Today I came home with a note through the door apparently from the council…
-
NHBC 4 yr old house with crack in wall which split blockwork
Hi, I'm in the process of buying a house which was a newbuild 4 years ago, as such it has the remainder of the NHBC guarantee. The house itself is on a steep sloping plot, so the main entrance is on the middle floor of a 3 story townhouse and the backgarden & kitchen are on the floor below street level at the back of the…
-
To buy small or continue renting good size?
Background, H and I have been renting for past 8 years in many different houses. Child is 3 and no.2 due next year. I am fed up renting, really want to be able to paint No1s bedroom and get nursery ready etc but cant paint here. One have 3 bedrooms and use pne as play room which I am not keen on giving up! so have been…
-
How much for a Homebuyers/Survey
We're at the point where we have an offer accepted and the vendors have an offer accepted too, so we want to get a survey done asap so we know we're ready to move asap. Ringing round companies there seem to be alot of differences in price, and some differences in advice. The house is a 1960s 3 bed semi with offer on at…
-
attachment of earnings applied despite not liable. pls help
hi, could somone please please help? the first i heard was through my employers that they had recieved an attchment of earnings and have to comply. i found out the next day, it was a council tax bill relating to somewhere i rented for 2 years, about 1 1/2 years ago. the rent there was inclusive of all bills, including…
-
Miller Miway
Does anyone have any experience of Miller Homes scheme called Miway? Basically you get a mortgage for 75% of the property price and then they give you an interest free loan over 10years after which you must pay them 25% of the market value of the house back. You can also pay this back at anytime over the 10year period or…
-
Our Sellers want to pull out at last min over a Freehold Covenant on their property!
We're just about to exchange this week (we're in the middle of the chain) when our solicitor has phoned to say that our sellers are thinking of pulling out as they have discovered a freehold covenant on their next property (3 bed detached) which means that any extention needs consultating with a company called Simark who…
-
getting round estate agents' excessive/OTT reference requirements (!)
Hi I am looking to rent a place. I have my eye on one now however it is an early stage, haven't had a viewing yet. I am self-employed and do my own accounts, and am encountering on this basis that estate agents are asking for either a guarantor, or a lot of months' rent in advance (6 seems to be the norm; one mentioned the…
-
house valuation
me and my wife decided a few weeks back we needed a bigger house due to new child etc. and the only way we could do this at the moment was to rent. we have moved out of our house already and i have spent the last few weeks decorating and cleaning ready for a valuation. I have contacted a estate agent to come and value the…