-
Joint tenant or Tenants in common
Myself , partner(not married) and my son are in the process of buying a house together. And we are cash buyers. I am so confused about whether to be joint tenants or Tenants in common it is stressing me out so much. I understand the difference between both but not sure which one is right for our circumstances. . If we do…
-
Buying a 2nd home - Advice
Morning all, I am looking for some advice if anyone would be kind enough to assist. My father is currently renting a council property and has done so for a very long time. He is now looking to purchase the property from the council, they have quoted 60k. He has asked for myself and my sister to go thirds (20k each) on the…
-
Stamp Duty for House with multiple Annex
Guys I'm looking at purchasing a dwelling that has two attached Annex. The house is being sold as one lot and will be my PPR. The house and attached annexes is also on one title deed . Each Annex currently has a separate council tax band. Therefore I would be paying three sets of council tax. One on the main house H, and B…
-
House with no guarantees/warranties
Hi I've just had the property information form back on the house I am buying, and in the section on guarantees and warranties, the house doesn't have any. So no damp proofing, timber treatment, electrical work, roofing or central heating warranties/guarantees. As a first-time buyer, I am not really sure what to do with…
-
Transfer of equity / declaration if trust - moving in with partner
Hi, i am really confused !! Sold my house and moved in with partner. Mortgage now due for renewal so in process if remortgaging and adding me. All approved so far and its been sent by Mortgage provider to their nominated solicitor. The confusions arises as partner will have more equity in house and from doing my research…
-
Selling inherited property to buy new home.
My dad sadly passed away last year after a long battle with cancer. He left my siblings and I some small rental properties that he had for his pension (he was self employed builder so didn't have an official pension). After a lot of thought we've decided to sell them, we are not from the area they are and it kind of just…
-
Yet Another Land Registry Scammer
Just been caught by the Land Registry fake site landregistryonline.org.uk that charged me £79 for a copy of a £3 Land Registry title --- it looked very plausible as the Land Registry website and comes very high in searches - the real site is actually hard to find and as I had half-remembered talk of it being privatised, I…
-
Transfer of Equity - Pre or Post Marriage?
Hi all, I get married in June, but am also in the process of selling my house and will be transferring the equity into my fiancée’s house. I have read on solicitors pages that transfers of equity to spouse’s properties are exempt from CGT, but not exempt for other family members/friends. Would I be classed as being in the…
-
England - Joint Ownership house one person full despoit, tenants in common vs joint tenants when mar
Currently buying a house with my wife. I am putting in £150k despoit and my wife nothing but splitting mortage payments even on the new house. Do I need to put "tenants in common in unequal shares" on the joint ownership information sheet and make a note of my deposit, or is it pointless being married as everything starts…
-
Landlord refuses to give back deposit
My grandad was renting a 1 bed flat in a retirement complex, he paid one month upfront and a £1500 deposit, shortly after he moved in he was admitted to hospital. Whilst in hospital he continued to pay his rent, then in January he was moved into a nursing home, made the landlord aware and carried on paying his rent. He has…
-
Do I need to pay for an extra survey in addtion to searches & valuation?
Hello, first time buyer here! I am in the process of buying a house and have recieved back the searches. Nothing is screaming out that it is a problem but my solitor has advised that all clients should get addtion surveys carried out..? The house is a 1900's terraced style with no obivious issues but wondering what the…
-
Proof of funds for solicitors
Hi all Our solicitors have asked us for proof of funds for our purchase. We have the 10% deposit (approx £30k) and they’ve asked separately for the rest. Naively I thought we’ll have all that ready for date of completion so no issue. However they obviously want to see it now. I get paid more each month than what the…
-
Stamp duty when I don't currently own a property
Looking for a bit of advice on paying stamp duty. I previously owned a house with my Dad but I am no longer on the deeds and have transferred my equity across to him. I'm currently renting but in the process of buying a property. I appreciate I'm not a first time buyer but does that mean I pay the full amount of stamp…
-
Conveyancer Errors
To keep it brief, my experiences with conveyancers have been rather frustrating. Years ago, I purchased a leasehold property with the assistance of Conveyancer A. Recently, I sold this property using Conveyancer B, and during the sales process, it became clear that Conveyancer A had failed to properly review the lease.…
-
Lease premium? Shared ownership stamp duty
I am trying to work out what the potential stamp duty cost will be on a shared ownership property post April 2025 (I am NOT a first time buyer). I have tried to do a calculation on the Government website but there is a question I am stuck on: * Total lease premium payable? (Find this in your lease) - How I can work out…
-
Leasehold service charge proportion payments unclear/discrepancies
I have reviewed a friend's service charges and lease and it appears their lease quotes two proportions for internal block costs as 1/xxx and external costs as 1/xxx. In their service charge demands (over 10 years worth) with the same managing agent, there is a table of 7 components/charges constituting the annual service…
-
Halifax mortgage lending experiences
Hi everyone, I’m only asking out of curiosity and I appreciate everyone’s situations are different so does not guarantee in any way that the same would apply to me, however I’m looking to understand people’s experiences with applying for a mortgage with Halifax. We’re FTB, 10% deposit, combined salary of £96k, looking to…
-
Advice needed management company
trying to keep a long story short. We live in a small new build development built by Bellway in 2020. The management company they used for the site has been taken over twice and is now First Port. Bellway have failed to hand over the site to the Shadow Board and First Port are truly terrible. At best they are charging…
-
Payment arrangement for property transaction
I am writing to seek your advice on a potential payment arrangement I am considering as I'm selling my flat (agreed price 400,000£). The buyer is struggling to get a mortgage, as their bank requests a FRAEW (Fire Risk Assessment External Walls) report, that my building doesn't have; however they would be available to pay…
-
Cooparenting - council tax
Hello dear MSE Community, I was wondering if someone would be able to help me. Basically I am in a relationship but don't live permanently with my partner. He owns his place outside London and I rent mine in London. I wont get into why etc but mostly for work related reasons i need a base in London. Of course we 'share'…
