-
New to the House Buying, Selling & Renting board? Start here
✅ This board is for... * Questions about buying or selling a home * Questions about renting a home * Questions about being a landlord 🚫 This board is not for.. * Debating the state of the economy * Debating house prices in general * Political debates Note: In order to help keep the Forum a useful, safe and friendly place…
-
Tenancies in Eng/Wales: Guides for landlords and tenants
post 1 This thread is intended to provide information to both landlords and tenants relating to Assured Shorthold Tenancies (ASTs) in England and Wales. Updated April 2020 to include the Coronavirus Act 2020 and July 2020 to include the Electrical Safety Standards Regulations 2020. Topics covered: Post 2: Repairing…
-
Asking for other opinions
elderly mom has offer accepted on Victorian flat in very good area not cheap, recieved the survey back lots of damp plasterwork needs removing quarry tiles on earth needs membrane put under. Also the main roof needs attention 5 owners are leaseholders but also share part freehold. The management company are the freeholders…
-
Mid-Terraced Ex-Council House - "Shared" Passageway
So a few years ago I bought a house, freehold mid-terrace in a block of 4, the middle 2 have an enclosed passageway inbetween which services me and my neighbours back gardens via our own back gates at the end. From the moving information i received from my solicitor at the time, the Land Registry Title Plan shows my…
-
Higher rate stamp duty eligibility
Hi all, I'm hoping someone with a good understanding of the higher-rate SDLT rules can sanity-check our situation. We're married and are about to sell our current home and buy a new one. Our circumstances are: My wife owns our current main residence outright in her name only. We have both genuinely lived there as our main…
-
Another thread about foam insulation
My Son is a FTB & found a 2 bed semi bungalow, his deposit is approx 20% of the property price. The seller has already advised the loft has spray foam insulation, this was already in situ when they purchased the property 20+ years ago & they have no paperwork pertaining to the insulation. I gather that a mortgage is not…
-
Selling my house - my way
hi hope there is people here have sold their houses independently their own way if so please can you help with any of the following? I thought the purple bricks £999 package, do I need to have them do an evaluation or can I just set my own price? For this package, will I be able to make price changes and change the copy…
-
Capital Gains Tax on Property Sale
Hi My parents are downsizing to a flat. They will be moving before their current home is sold. So when they do sell their current home I think CGT will be payable as it will no longer be their main residence. I believe there is a grace period of 9 months after you move out but it may be extended to 36 months if the owner…
-
Consent to Let vs Buy-to-Let: Best Mortgage Option for Renting Out My Property and Releasing Equity
hello thank you for reading. I have a 5-year fixed residential mortgage with Nationwide, which ends in September 2026. The mortgage itself is a 30-year mortgage. I need to move back in with my parents because I need to help care for my dad, so I can no longer live in my current property. I would therefore like to rent the…
-
Unregistered Property - Death of Joint Owner.
Hi my parents home is in England ©400k and owned jointly since 1986. Therefore it is not on the new property register. Dad died last year, probate was not needed as all money was already with mum or joint accounts. Their wills left everything to each other. I am my Dads executor, and also I am looking after mums financials…
-
Property with 'proceeds of crime' charge on title deeds
I've seen a property I'm interested in viewing. It's been on the market a while and has been reduced in price multiple times, the fact it's detached, 3 beds, in a decent area and the EA couldn't (or wouldn't) tell me much about it got my spidey sense tingling so I paid £7 and downloaded a copy of the title deeds. There are…
-
Stuck in a shared ownership nightmare
Hi My late aunt died more than three years ago and left her flat to myself and 5 other beneficiaries. I was designated executor, along with my brother and mum. The flat is a two bed in a retirement block and is shared ownership (75/25 in our favour). We have had no luck with selling the property for more than three years…
-
id1formverificationonline.co.uk - any feedback on their ID1 service ?
I'm the executor of my nan's estate, and the solicitors dealing with the probate have asked me to complete an ID1 form with another solicitor. They've recommended an online provider called ID1 Form Verification Online (id1formverificationonline.co.uk). Has anyone used them before? If so, I'd really appreciate hearing about…
-
Am I right in thinking I cannot build an extension the way I've planned?
I've added photos of the land title, and screenshot of where I plan to build. The black lines are my intended extension, the red dashed lines show where my fence sits. If I extend as full width of the home, I will block half of my garage, which is fine as I don't use my garage. Land registry shows that half of shared…
-
Leasehold Nightmares
I bought a 50% shared ownership 3 bed end terrace in 2020 and last week I completed on staircasing to 100% ownership. Before I started the process to staircase, I asked the housing association that owned the other 50% if I would acquire the freehold upon staircasing to 100% and they said yes. Fast forward to today when I…
-
Saving for a deposit - FTB
I am saving for a deposit for my first home. I’ve actually reached my initial goals, but as I am looking to convert being in a contract role into a permanent position, I am continuing to save while searching for a new job, which will give me an even bigger deposit. When I first decided to start saving a few years ago, I…
-
Would you take the leap in my situation?
So I am fortunate enough to of inherited a large sum of money (£160k). Me and my partner have lived in our first home for just over 4 years now and a second house opportunity has come up in the same village we want to stay in. The house is quite a jump up from what we have now with it being on the market for £425k, we have…
-
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…
-
Urgent housing association advice
asking on behalf of a family member - they have a HA property and had planned to move to a private rented house. Handed in notice on HA house and now private one has fallen through. Does anyone know if they can revoke their termination of tenancy ? They are now panicking they will be homeless. Can anyone advise?
-
Flat purchase with underlease structure - Very concerned
Hi, First time buyer here, in the process of buying a leasehold flat in London. It has become apparent that this flat has an underlease, with a headlease held between the freeholder and a management company. Freeholder – Headlease – Underlease (Me) Admittedly, I was not aware this structure was a thing. It did not come up…
-
Persimmon Advertising price change after reservation
Hello… Im new here. I reserved a new build with persimmon under section 106 (DOMV) about 4 months ago. I have not exchanged contracts yet. Today they released more houses on their website for a reduced price from what i have reserved at. They 40K cheaper than my reserved house, the exact same house style just one street…
-
Parking space problems
Hi Not sure if this is the best place for this question and whether anyone will even be able to help. I purchased a house in a 20 yr old estate over 3 years ago. It is an end terrace in a small courtyard which has 4 car parking spaces and 2 of those are marked in red on my title deeds. After lots of reading I now realise a…
