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landlord checks
I was placed on a rent deposit scheme back in 2016 through the council, I have got repairs that need doing in the property, the landlord isn't interested so I have gone to environmental health which they have been out to assess the repairs and serve a notice to who ever is on the land registry. Which is actually not my…
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Shocked by residential management company fees
Good
afternoon all! I'm
not usually want to moan but just feel a bit blind sided today so feel like
having a bit of a rant. I'm
due to complete the purchase of a flat next Friday 7th February. I had a quote
from the conveyancing company of approx £1350 but I totally understand that
this can fluctuate slightly. A few…
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Capital Gains Tax on only owned home
Hello the Forum, Hope someone can help. I bought a house for my mother to live in some twenty years ago as she had no means or income, this being 100 miles from us where she had a network of friends. My mother has never been asked for rent though I cover all the costs of utilities and upkeep. The mortgage is in my name…
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NHBC claim - Kitchen extractor/ducting
My house is still just within the 10 year NHBC warranty. It is one of 12 houses all built in 2016. The kitchen extractor fans have all failed in my house and my neighbours' houses. Having investigated I have found that my extractor fan discharges into rigid ducting that appears to be connected with the downstairs loo…
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Tenants in common- want to change shares
A bit complicated but here goes… me and my partner have a declaration of trust whereby I own 75% and they own 25% of our house. We currently pay into our mortgage on those terms. However, my partner can now afford to pay 50:50 due to a wage increase. But I have no idea how we can do it fairly (ie. Just changing the…
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Buying freehold of terraced house
Any advice about if buying the freehold of my house is a good idea? I live in a modest terrace house, mortgage paid off with no plans to move for the foreseeable future. All other houses in the location are freehold, but for some reason the people who owned the house in 1964 sold the freehold with a 800 year term. The…
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Parents House - Moving in Rules
Not sure if anyone can help, however here goes. My parents very suddenly have had to be moved into a care home. They are self funding as have enough in savings currently, their house is all paid for. I'm currently private renting, would I be able to move into their house, pay the bills etc for the house until such time…
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capital gains tax and main residence
Bit complicated but here we go. My sister owns a property in London and looking to sell later this year, she lived there until 3-4 years ago, when due to mums illness she moved up to Scotland .. renting her London place out and renting a place up here. Mum passed away last April and we are at the point of signing to…
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Shared ownership delays
Hello I began to purchase a shared ownership property in May last year. The date of mid-late September was given for building completion, I know there can be delays for a number of reasons. However, we were then given a date in November that building work had been completed. We then was given the go ahead for the 11th…
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Looking at house - has previously had a house fire
Hi, I’ve been speaking with an estate agent about a property we really like. We’re due to go and view it tomorrow. The problem is the estate agent has just told us there was a fire at the address. We’re first time buyers and I’m now not sure what questions we should be asking, and how this could potentially impact…
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"Unmortgageable property" - options
Hi all, We've fallen in love with a property - it needs work doing to it, including replacing windows which have been vandalised, and sorting out some mould issues caused by a burst pipe in the property. The property is otherwise not in a terrible condition. Our mortgage broker has advised that he thinks the property is…
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Purchase price incorrect on Land Transaction Return Form
Hello I am a buyer who is close to signing the contract. I received the Land Transaction Return form by my solicitor to sign however the purchase price on the property is incorrect- it should be £85,000 not £90,000. Is this a potential issue- should i contact my solicitor to amend this? Thanks
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Compton Group dereliction of duty to client
Does anyone else have problems with Compton Group? We have been unable to let our apartment since October due to on going water ingress within the building structure. Several apartments are facing the same problem but Compton are refusing to take responsibility even though a solicitor has confirmed the lease states they…
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Lifetime ISA withdrawal charge for property over £450k
I’m buying a house (new build property) and have exchanged contracts so am bound to purchase, with completion date planned in 3 weeks time. A large portion of my deposit was coming from my lifetime ISA account which currently sits around £22k. Despite knowing this for several months, my solicitor has only just informed me…
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'excluded occupier' or not?
If someone has sole use of someone else's house and has a tenancy agreement that says they pay £50 a month but they are not actually ever asked to pay it - does that make them an excluded occupier because they don't pay anything or is it a proper tenancy because the agreement says £600 a year?
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Land registry, title deeds advice please
Hello MSE forum members. hoping someone here can please help me with understanding land registry, deeds etc because our insurance solicitor saying we need to get a copy of the original deeds. Lender says don’t have deeds but conveyance letter states they have forwarded on to them. Been told to apply for OC1 and OC2 form…
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Landlocked property
Hi not sure if anyone has experienced a similar issue. I made an offer on a property which has been delayed by several months due to several legal issues. We are almost near completion and another issue has cropped up regarding access. The property was part of a smallholding about 2 acres When the original owner died in…
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Gifted deposit question
My parents are kindly gifting us money toward our deposit. Gifted deposit form is signed and returned, proof of where the funds came from provided. My issue is my parents are going to be out of the country soon for a while. Will the lender or conveyancer need to speak to them at all? The form asks for their phone number.…
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Buy to Let Mortgage on inherited property - capital gains tax implications
Hi, I inherited my family home in Scotland on the death of my mother and I have let it out to tenants. I live in a shared house in London and need to buy out my ex partner. I have a small domestic mortgage which I will also seek to repay once the buyout is complete. I am hoping to obtain a BTL mortgage on my (currently…
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Forms required by Land Registry for lease & equity transfer from joint to one name following divorce
Trying to cut down solicitor's costs, already over £2,000 with exactly zero progress made so want to do as much DIY as possible. BACKGROUND Situation is: Couple with young children in shared equity home (50% with joint mortgage, 50% rented from HA as joint tenants). Divorced (final order issued last year); no financial…
