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Stamp duty when there is an additional investor
I'm looking at buying a property in london (will be my only property, having recently sold a house elsewhere) and a close friend is interested in investing around 50k (he wants to be able to stay there periodically which is fine), i would put in the other 150k and the rest would be mortgaged. It seems that this would incur…
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Legal advice on recovering debt from neighbour
Please if someone can help, can I go to the small claims court to get back money I am owed from a neighbour. I lent the couple momey as they said they were struggling, I withdrew cash from the cashpoint, so I have messages online for the requests via messenger asking me, and these tally with me withdrawing the cash amounts…
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Historic movement
Hi Everyone, Just looking for some advise please, FTB here and I am in the process of buying a mid terraced property built in the 1970s and our level 2 survey showed historic movement to the internal walls, he thinks the cause was due the neighbouring property having suffered subsidence several years ago due to a tree but…
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Money Moral Dilemma: Should I refuse to pay for the ongoing costs on our deceased father's house?
This week's MoneySaver who wants advice asks... I'm one of three siblings. Our father has died, and his house is on the market. The highest offer we've received is £10,000 off the asking price, and the estate agent advised us to consider it as the market's slow. I think we should sell now, as the small amount of money from…
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Interesting ruling
https://www.dailymail.co.uk/news/article-14380615/moth-infested-notting-hill-mansion-rich-couple-win-legal-fight.html https://www.judiciary.uk/judgments/patarkatsishvili-and-another-v-woodward-fisher/ interesting!
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Conveyancing question
So we have decided on a conveyancing solicitor and want to instruct them. Our situation is straight forward for the sale, our house is on the market we already have a few viewings booked but the houses we are looking to buy come up now and then and we are expecting to rent. It could possibly be months or many months before…
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Need to move rental but self assessment salary is low (Company director) - Other ways?
Hi all, I've never rented as a company director which I became in 2021, previously I've always been in full time employment so haven't had a proof of income issue. I am wanting to move to a new rental property for several reasons. My business has been trading since November 2021 and was profitable in the first year,…
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No action or contact from neighbours solicitors
Our neighbour has a boundary dispute with us. Back in May 2021 his solicitors sent us a letter explaining that you have your bins on my clients land and a gate on the rear of your property that encroaches on my clients land. You need to remove the bins and stop using the gate as you will be responsible for any damages to…
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Buying a house with crack on both side
We're first-time buyers looking at a 3-bed mid-terraced house. While most of the cracks in the rear bedroom are minor hairline cracks, one near the window is more significant at 6mm wide and 560mm long. This crack other side has patch work clearly visible from the garden but width can't be measured. We've had a Level 3…
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No solar panel or FENSA certificates.. what are my options?
Currently in process of purchasing a property (FTB). We’re currently almost 4 months in even though there’s no chain because the seller’s solicitors are dreadful (Premier Property Lawyers!!). We received responses to our enquiries this past week stating that the seller holds no certificates for anything in the property.…
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Survey red items - window height on old property
Hello. I’ve recently had a survey undertaken on a 1930s semi which has flagged a few red urgent items that came as a surprise. The overall surveyor view was: The property was found to be in a GOOD condition for its age, there are several issues which require further monitoring and attention. The major red items listed are…
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Letter to agency on renewal and rent increase
Hello all. I need some help/another pair of eyes with regards to a letter negotiating a renewal on my rental property. I have been renting for 3years now and I like the property. Last week the agency reached out to me about my fixed term ending soon and whether I would like to sign for another year. I am afraid they will…
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Reclaiming stamp duty on second home
If you buy a second home, you pay a 5% stamp duty surcharge. Very clear about that. But the gov.uk website states that if you sell your previous main residence
within 3 years, "you may be eligible" to get this surcharge refunded. Does anyone know why they say "MAY be eligible"? ie What factors might affect this, either…
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Buying a previously shared ownership flat
My girlfriend is looking at buying a flat. We can see on the estate agent's website that it's a shared ownership flat though. She'd be buying it outright and becoming a leaseholder, not buying through the scheme, so how does this work? What are the implications for her buying it, and for the future while she lives there…
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Capital Gains Tax Late Filing Penalty
Hello I am hoping someone might be able to help. In July 2022 we sold a property that had been on the market since 2017. Initially our accountant had advised that there would be no CGT to pay, as it had been our primary residence for a number of years. On selling the property, we received no advice from any party - estate…
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Solicitor for selling my property
First time seller, please excuse this basic question. I am selling my leasehold property and the agent had mentioned that the buyer may require me to start the lease extension process, should I look for a specialist solicitor who can do both selling and lease extension ? or get one for selling and one for extending the…
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H2B valuation expiry to collapse chain
Hi, It’s been 5 months since we had our offer accepted on a house and the sale of our current house started a couple of weeks afterwards. All throughout the process, our sellers have been threatening to pull out due to the amount of time it’s taking but now we have a hard date we must complete by which is Thursday this…
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EWS1 - FRAEW actual cost *HELP*
Hi, I'm in a situation where my tenant is buying my flat all agreed. The valuer for the mortgage has come back siteing an EWS1 is needed....although the flat has no cladding, It has wood in the balconies, of approx half the flats. It is under 18m, 4 levels including pent house. Built in 2004. it has no EWS1 as not deemed…
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Permitted Development & Garage Outside Property Boundary
Hi, hoping we might get some insight from those reading this on an interesting situation. We have an old property which is mid terrace and a long garden with a small pathway at rear of property to our garage attached to neighbours garage. (Old 1950's asbestos roof & concrete garages joined). The pathway to our garage is…
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Stamp Duty - Helping Parent Buy
Hi I wondered if anyone could give some advice on my scenario. -I'd like to assist my parent with buying a property, approx 175K and I would contribute 30% or so. - To avoid SDLT, I'd originally imaged just loaning her the money at no cost, and she should settle it via her estate. - Parent however, would like the loan…
