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Letting to current owners
I have another post about my purchase problems but this is another solution I'm considering. My mortgage terms require same day exchange and completion. The sellers won't do this. I'm considering allowing the current owners to live there temporarily under a non assured tenancy until they've completed on their onward…
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House insurance after Exchange but before Completions
I am about to exchange contracts on a property but will not be in a position to complete for another 60 days. I've been trying to find insurance cover but cannot find anyone who will cover the property for more than 30 days before completion. Companies have directed me to BIBA to find cover for this period but they tell me…
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Leaseholder changed and new bank details only sent my email which went into junk
Hi We own a flat that we rent out, the Leaseholder changed, the same person but to a different company. I last received an email saying that this was to happen and have not heard anything since. I have paid a bill which I admit was late, to the old leaseholder details and have now discovered that she sent emails which went…
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What to watch for with 1920s semi-detached?
We are viewing a semi-detached house that was originally built in 1928 by the local authority. Is there anything we need to keep an eye out for on a first viewing? What was the built quality like back then? From the listing, it looks very nice and modern and well maintained. Roof was replaced 2 years ago, and all the…
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Buying a 2nd property before selling my 1st
Hi, I’m looking at buying a 2nd house I will be selling my 1st house but there is no guarantee that it will sell in time of buying the 2nd house. I understand that I will have to pay higher stamp duty, which I can claim back but what about Capital Gains tax? If I sell my first home a few weeks later if their any kind of…
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Restrictive Covenants
I am having a seriously unfortunate time moving home, had to pull out of one due to undisclosed issues, then we got gazumped and now we've got some insane restrictive covenants appear. We're looking at a bungalow to renovate, however, there are some restrictive covenants in place such as: 3ft Wire fence in the rear garden…
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Letting expenses - accountant
I require to complete a self assessment tax return for the income from my rental property (employment taxes paid through employer and PAYE etc., but I don't want to mix them). I pay an accountant to do this for me - is this an allowable expense for my tax return?
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Main residence rules?
My husband and I are in the process of gifting our 2 daughters a property. They do not live in it and they do not own any other property. It will be gifted with tenants in situ. We anticipate that the tenants will be given notice, the property renovated and then sold with the proceeds going to our daughters. We understand…
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How to differentiate a flat from a house/bungalow
I thought I was buying a mid-terraced mezzanine style bungalow, freehold. The bank have come back and refused to lend, claiming that it is a freehold flat which goes against their lending policy. I don't get what makes them think it's a flat? There's no one living above or below - the block is all single storey. On…
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Buying a council flat at Hammersmith
I've viewed a flat for sale at Hammersmith in social housing building. There are 9 flats, 5 have been bought privately the other 4 are rented by the Council. I really like the flat, the location and the price of the flat. I'm really worried about the tenants, any major works performed by the Council and the value of the…
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Moved: Taking a 'buyout' fee for giving up a regulated tenancy
This discussion has been moved.
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Moved: Winter fuel payment. Self funding in care home.
This discussion has been moved.
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Completion: Buying out siblings
Good afternoon, I am being faced with a situation that I haven't experienced before. My siblings and I have agreed on the price of our family home (£825,000). There have been some delays with drawing up documents due to lawyers being on holiday. My siblings' lawyer gave a 2 week notice to finalise the completion by today…
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Massive water Bills paid…compensation?
Have a leasehold flat where water bills are directed to the flat owner(me) not tenant- management company refused to do this. previous tenants bills not too much. new tenant and bills started to skyrocket, there was issues with tenant in other ways and I reluctantly paid the bills. Tenant would not allow access to property…
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Could buy ex-council house, what to look out for?
I'm a FTB and was thinking of buying a flat (affordability) but a house has come up in my budget. It would need some work, but I can save for this. I'm unsure whether to go for the new-ish flat (likely to lose value) or do up this house. For context, the only other houses in my budget and location are Victorian stone…
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How much will it cost to renovate this house for sale?
How much do you think it will cost to refurbish this place? https://imgur.com/a/pkKb6Z0 I reckon if electricals and plumbing are fine, the rest of the work is cosmetic? I could be wrong. Also, I have no idea who has the side access on the right. Why is there a garage in the garden, where no vehicle can get due to the fence…
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Deposit deduction
Hi, Could you give some advice on the following items that have been brought up following the end of our tenancy The property was inspected 5 days after we left, we did offer the opportunity for the agency to inspect on the day of leaving We cleaned thoroughly as much as we could- although we have missed a couple of things…
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Council buyback schemes London (CHAP) - insight/experiences?
Hello Wondering if anyone has any knowledge about how funding for the Mayor of London's Council Homes Acquistion Programme works (https://www.london.gov.uk/programmes-strategies/housing-and-land/increasing-housing-supply/council-homes-acquisition-programme) I am looking to sell but not immediately...maybe next 12-15…
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House previously bought at undervalue: can my transaction be voided?
Hi, I am currently in the conveyancing process for a flat that I really like. We are first-time buyers and cash buyers. The current seller (B) bought the house at an undervalue from the previous seller (A). I understand that if the previous seller goes bankrupt, a trustee in bankruptcy can review and potentially void a…
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No title deeds registered
My late father built a house and didn't register or obtain title deeds for the property, the property passed to my mother. We have all the plans, planning permission docs, land owner agreement to build on the land letter etc. the property is a detached house built in 1990 does anyone know how I can obtain new title deeds…