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Buying through Springbok properties
I have booked a viewing to see a flat advertised by Springbok properties. My initial impressions of Springbok aren't good and I would be much more comfortable with a traditional agent. The property did have an offer on it but it has fallen through. I am told this is because the buyer couldn't get the funds to purchase.…
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chain problems??
Hi, We have been in a perfect storm of a chain with very anxious buyers on one side and an extremely laid back vendor on the other. The sale of our house was agreed in November last year so it has been going on for 5 months and both buyers and us have been distressed at the time it has taken. We have moved as quickly as we…
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Cost of lease renewal for Share of Freehold (including CGT)?
Hi all, It feels like I've read every legal and accountancy post under the sun about this, and I'm still not clear on where to go from here. Hoping someone has good advice or knowledge. I'm currently in the process of buying a flat (pre-exchange), where the freehold is owned by '[Building Name] (Freehold) Limited', which…
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Taxation of leasehold extensions
The nine leaseholders of the nine flats in a converted house
wish to extend their 82-year leases. The leaseholders also own the freehold
through a management company in which they each have one share. The freehold
was bought by the management company 40 years ago. The leaseholders have received
advice that if their…
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How long is acceptable to receive a T10 form?
Hi, I sent my ID and instruction forms to my solicitor Friday morning and they told me they’d got them and everything was ok. Today my EA has chased themselves as my buyers sol is still waiting for the draft pack, and solicitor states T10 form is to be sent out in the post either tomorrow or day after…..I rang the…
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When some leaseholders buy freehold, but not all
The freeholder of my relative's apartment block has offered the long leaseholders the chance to buy the freehold. There are about 40 flats. Leases have around 215 years left to run. It seems like a good deal, so there's a good chance that 50%+ will accept, but not everyone. If everyone were to take part they would…
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House sale fees
Can anyone give me an idea of what costs are payable when selling a house £200,000 property in England Mainly conveyancing and estate agent fees
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Transfer of equity & SDLT on subsequent purchase
Hi. I'm trying to get a situation straight in my head and hope some wise people here might be willing to confirm my understanding before any expensive mistakes are made, legals instructed, etc. I feel that this should be a relatively common situation, but searching hasn't really provided a definitive answer... Unmarried…
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Need to extend lease before sale of btl - bridging loan or mortgage on home
Im selling my buy to let, it has 87 years left on the lease. Every estate agent I have spoken to has told me I should start the process of extending it with the local authority (the freeholder) so either I can sell and transfer the application and the amount it will cost known, or the lease will be extended. It will make…
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Oil tank doesn't meet building regulations
Hi all, we've had a survey on a house we wish to purchase and the oil tank doesn't meet current safety regulations (back when it was built in the 80s it did). A new boiler was installed in the house approximately 3yrs ago. We cannot see how it was signed off as meeting regs when the oil tank does not. Obviously this is a…
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'Future proofing' paperwork for AML checks
This is a bit of a strange one, but seeing the various threads on AML checks and possible hassle, I am wondering how we can go about ensuring our paperwork is in order for if/when we buy a future property. We have come into some money through inheritance. Due to the amounts involved, we have split the initial sum across…
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Water Damage From Upstairs Flat - Caused by Freeholder who lives above
Hi Freeholder who lives above our leasehold flat has caused water damage to the kitchen ceiling and Radiator cabinet in our Leasehold Flat Below . 2nd time this has happened and last time he blamed washing machine A plumber was called out and said it was due to faulty leaking stopcock and advised he replaced it, which he…
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What do I do about invading bindweed?
Hi all, I rent out my house. My tenants have complained that next door (actually over the back fence) has got bindweed growing in through the fence and it's strangling their plants. The offending neighbour's garden is a complete mess, completely overgrown, I think the neighbour is physically and mentally incapable of…
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Unable to sell new build house due to it not being registered with land registry after 4 years
In December I got an email from the solicitors I used to buy my new build saying that the application to land registry still wasn't complete since February 2021. This was due to land registry asking for more information from both my solicitors and the developers solicitors, which my solicitors said they're chasing them. I…
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Withdraw from purchase or try to negotiate price?
I'm about 5 months into a purchase which has been stop-start as the vendor (buying an empty property) has had 2 fall through. At the time of offering the market was very competitive and I had to go 12k over asking so as not to lose another bidding war (despite being a cash buyer). After weeks of silence after the 2nd false…
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Sold as seen
What does sold as seen mean. Property is up for £189,995 description states “It benefits from upvc double glazing, gas central heating and will be sold as seen including light fittings, fitted carpets, blinds etc.”
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Where to buy/download deed of guarantee forms?
I am a landlord of a house which I am putting out to rent. The tenancy will be an assured shorthold tenancy. One of the tenants needs a guarantor and I have to find a deed of guarantee for the person who will be guarantor to sign. I have looked online but I can't find a respectable copy to buy or download. Does anyone know…
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Where does the responsibility lie with this situation? Opinions please.
Messy situation- I have a friend who bought her one bed upstairs flat using 'Right to Buy' many years ago. A couple of years after buying she decided to apply for planning permission to turn it into a 2 bed duplex, putting a bedroom upstairs in the roof space and having the bathroom/toilet moved upstairs as well. The cost…
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Missing PRC certificate
I'm in the process of selling my property and my solicitor cannot find thd deeds or the PRC certificate which was issued 1987 I cannot sell my house without the PRC certificate and the solicitor is not being helpful, can anyone advise me what I should do next
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Ground Rent review - crazy increase!!
Elderly parent has a privately owned assisted living flat - this is leasehold. Already paying high service charges and ground rent - but following a ground rent review they have increased the payments by 125%!! The review was expected - as it is detailed in the lease - but an increase from £365pa to £822pa for this is…
