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Charge on a property.
Hopefully simple Q. If there is a charge of, say, £150k on a property, payable on its sale, and the house - due to current market - achieves only £135k, or £130k after EA and conveyancing fees, wot 'appens? Ta.
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Services charges on an over 55's flat
A friend is buying on these - how can they be sure that the service charges won't go increase a lot in 10-20 years?
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Tenant's liability insurance- anyone have experience of claiming as a tenant/know what it covers?
Hi, having an unruly teen in the house, I've already paid for accidental damage to walls and floorboards myself, but am concerned that if there was damage to, say, the french doors it would be too much for my pocket. How do you go about claiming on this if something happens? Does it have to be via a claim that the landlord…
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Reclaiming rent from landlord
We are currently living in a rental property, which we have named the house of horrors. We have been in for 3 months and it's problem after problem. The day we moved in, we hoped, like any normal person would, that the place would be clean and ready to move into. In actual fact, the kitchen had not been cleaned properly.…
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Starting to get concerned
Hi, I have a refinance and purchase going through simultaneously. So far: Both mortgage offers have been received; Legal pack has been reviewed and queries raised a week ago. It needs to complete in three weeks. I'm now concerned, it appears to me mortgage conveyancing checks need to be done to release funds, contracts…
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Ex MOD property.
Hello, I am in the process of potentially making an offer on a ex MOD (RAF) 2 bedroom married quarters. There is no mains gas so it currently has old fashioned storage heaters, these will need replacing so I have budgeted for this in my offer, has anyone got experience with the newer high heat retention storage heaters?…
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Deed of Variation
Hi, I was trying to sell my Mothers Flat to help pay for her Care Home Costs but the Sale fell through last minute as their Solicitor requested a Deed Of Variation with a forfeiture clause. The Landlord came back with a figure of £15000 plus £1200+VAT in Legal Fees. This is on top of around £600 I had to pay for the…
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property valuation guide tools wanted (commercial and domestic)
Greeting! Seen some properties up for lease and trying to get a real idea of what they are worth Are there any tools out there that might help please? Thanks
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Should accepted property offers in England & Wales be made legally binding (like Scotland)?
We’ve tried to sell twice. Both times: offer accepted, everything progressing, costs incurred, chain moving. Both times: the buyer pulled out right before exchange. Weeks of time gone each time. Thousands spent. No consequence for the buyer. What’s really struck us is that until exchange of contracts, an “accepted offer”…
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Stamp Duty following Separation
Myself and my partner have jointly owned our home of 10 years and both own no other property. We have recently divorced and in recent months I moved out of the property and stay with a friend whilst she remains in the property. I will be buying my now ex wife out of our house and wondered if stamp duty would be applicable.…
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Estate agent AML and other fees for selling
We had a valuation for selling our house and the commission comes to £7800. In addition we are required to pay an additional AML fee of £60 each for my wife and I. We're rather surprised that this isn't included. Is this not the same type of check banks perform when you open an account and part of the daily business of…
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Rent with no income but large savings - Renters rights laws ?
I have posted on Reddit but I thought I would try my luck here too. I dont wish to link to the reddit posts as I am not sure its allowed. Not working since last couple years. With net worth a healthy multiple of yearly expenses (including rent), you could say FIRE-d. Don't wish to drawdown my SIPP tho yet just to "show…
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CCTV Drainage survey
Hi, We are in a process of purchasing an old probate property that needs full modernisation. We've had a CCTV drainage survey carried out as it was recommended by our surveyor. The survey identified multiple areas of displacement within the original clay drainage system, including several major displacements, two cracked…
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LISA use rules
I am currently living in Europe - is it possible to buy property here and then still use a LISA in the UK when I move back later? Or will my only penalty-free option be to use my LISA savings as a pension?
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How can I tell if individual house prices are falling ?
I'm considering buying a house, and wondering where the market is at currently. However, when I see the average house price has gone down, I'm never sure if that means individual house prices are going down, or simply that there's more activity at the lower end of the market than the higher end. For example, if individual…
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North east facing garden
Hi all, Looking for peoples experiences with a North East facing garden. We're looking at buying this property. Garden isnt huge. Kitchen/diner is at the rear leading out to the garden. We've always had south/southeast facing gardens and I'm wondering if this will get any sun or it will just feel dark and dingy. We have…
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Redrow Restrictive Covenant and Parking
How can Redrow enforce a restrictive covenant regarding visitor parking on our road? A neighbour has informed us that our visitor cannot park on our road outside our house due to Redrow's restrictive covenant. The parking of this regular visitor (twice a week on average with overnight stays) does not cause any obstruction…
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Taylor Wimpey new-build roof defect causing leak – NHBC experience?
Hi all, Looking for some experiences or advice from anyone who has dealt with a similar issue on a new-build home. We purchased a new-build property from Taylor Wimpey around 3.5 years ago. We have recently experienced water entering the loft and bedroom ceiling during periods of rain (water ingress). An independent…
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Should a law firm pay interest on monies held in their Client account?
Hi all, I have a question on whether a law firm should pay interest on funds held in their general client account? The Solicitor told me that they don't make any interest on their client account therefore there is no interest to pay me for the funds they are holding. I have never questioned his position on this, however,…
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Buyers is delaying / refusing to exchange
We have agreed the sale of our property (leasehold flat) and all outstanding items have been resolved. The buyer (cash buyer) is moving back from the States and is apparently 'desperate' to move yet she keeps delaying exchange and completion. She has recently had surgery in the states and has refused to complete until she…
