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Martin Lewis Blog: 'House offer accepted, now they want £20,000 more! What should I do?'
A passer-by stopped Martin in the street recently to ask his opinion on her house buying dilemma. You can check out his view in a video he posted: Martin Lewis: 'House offer accepted, now they want £20,000 more! What should I do?' What would you do? Stand your ground? Walk away? Pay the extra? Negotiate? Tell us your…
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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…
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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…
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Managed Freehold Property, Resisted as Both a Freehold & Leasehold
Hi everyone. I would be grateful for some property advice. I am currently looking at a one bedroom mews house property and on the HM Land Registry it is listed as both a Freehold and Leasehold. The Estate agent describes the property as a Managed Freehold. How does a Managed Freehold status affect your legal rights to the…
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Home Buyer's Survey
My buyer had their home buyer survey completed today - it seems that they will be looking for a further reduction. Should I wait and see what happens as they have already delayed the process by 4 weeks, changing mortgage broker and then rebooking surveys..
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Section 20
Some works mentioned on the section 20 I've received are actually the responsibility of the leaseholder, do I mention this on the consultation? Can we be forced to pay for work required for flats owned by other leaseholders?
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Advice on unloading Importing windows from Poland
After months of planning we decided to ahead with ordering a full set of windows from Poland. Based on quotes we got here we think we saved around 45% on what it would have cost here. Although the manufacturer is organising the shipping, it's our responsibility to unload the pallets from the wagon. Has anyone had any…
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Help to buy deed of substituted security
We’re currently in the process of purchasing the freehold of our current home and tying this in with the sale of our property and purchase of another one, as our buyers were unhappy with the property being leasehold. Because we are currently under the Help to Buy scheme, the Deed of Substituted Security needs to be…
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Mortgage for commercial to residential
hello I’m looking to buy a property which is currently half residential and half commercial use (offices). I have a deposit of 60%. The intention is to convert the whole property back to residential and live in it. I understand I’ll need a specialist mortgage until it’s converted then I’ll be able to change to a ‘normal’…
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Micro housing ?
Why has our planning system in the UK focused on massively expensive bricks and mortar homes ? With modern materiels and bulding technology now it is easy to create a comfortable home on a permenant or non permenant basis on small holdings, unused agricultural land, repurposed land ect there are plenty of ways to do this…
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Another one of those letters.
Yesterday we received another one of those letters. I'm referring the ones from home buying companies offering to buy your property. I've always tossed them in the bin. This one from National Homebuyers goes on: "We've noticed that your property is still on the market for £460,000………..We would like to make you a cash offer…
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Buying property. Solicitor.
Hello all. Very hard to explain this so please be polite. We are in the position to buy a property, needs a bit of TLC. But optimistic. We have viewed the place 3 times and placed an offer. Was told initially by the agents that was probate and in the hands of a solicitor to deal with. Ok fine. Put in an offer Friday, and…
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Got a Homebuy Keyworker Loan in 2004 - who do I owe??
Hi, wondering if anyone can help direct me. I was lucky enough to get a Homebuy keyworker loan in 2003 that purchased 25% of my property, a small flat. In 2011, I managed to port the loan to a bigger property, where it then equated to 13% of the value of the property. We did some home improvements (it was a fixer upper)…
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Selling my house with cleared up rat problem
Ive recently dealt with a rat issue in the loft, I have a report from the pest controller that a rat gate has been put on sewer and so far no other issues. Ill fully mention this on a TA6 report to stop future problems with any seller so I'll be expected to lower the price but not sure by how much is reasonable. The house…
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Money Moral Dilemma: Should I pay for repairs to my fiancé's house in return for joint ownership?
This week's MoneySaver who wants advice asks… My fiancé lives mortgage-free in a house he inherited. It's in poor condition and needs £1,000s spent on repairs, but he has no savings to fund them. I currently rent a flat, but he wants us to live in the house together when we get married next year. He says if I pay for the…
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Rent Review sent from LA - can I just talk to Landlord and not go to a Tribunal
As the title says, we have received a Form 4 from LA, the day before the new Renters Rights came in. We usually have a rent review in August, they have asked for new increase to begin in June. In the notes section of Form 4 it states below: 3. If you do not accept the proposed new rent, and do not wish to discuss it with…
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Pull out of flat purchase because of uncertain parking?
Hey — would really appreciate some thoughts as I’m in a bit of a strange situation with a flat I’m in the process of buying in London. I viewed a flat that was marketed as having secure allocated parking. The listing heavily emphasised this (including photos of the space). When I spoke to the seller at the viewing, they…
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Is this suspicious - No washing machine
We viewed a property yesterday and seems lovely around, however after chatting with the owner and thinking about it, something appeared a bit suspicious. The sellers stated that their washing machine broke and that they are taking their clothes around a families place to do it, and that they won't bother getting a new…
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Solicitor held my money for 20 years should I get interest on top of the capital amount
My solicitors who acted in conveyance for me in a sale of my property just contacted me. They found they had accidentally withheld a significant amount of money on my file/account - unbeknown to me. They rang me to ask for my details to pay me the amount. After confirming it was the solicitors and not a scam they took my…
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Stamp Duty or no Stamp Duty?
I have 2 mortgaged properties, one I live in and share with my husband, another I rent out (which I paid stamp duty for). My husband and I are divorcing, I want to stay in the property but cannot afford to stay on the mortgage alone. My sister has stepped in and said she will take his place - but not live in the property.…
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Whose responsibility is to find a replacement tenant and do viewings on a joint contract? [Merged]
Hi, I am a student with 2 other tenants on a joint contract, One tenant moved their stuff to a another house in the town (for reasons unknown, we have assumed it is to move in with her partner who apparently lives a walking distance away from us) in March and has since then stopped paying her contribution to fixed utility…
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No mains drainage and CON29DW error...
Hi all, I bought a house last year, which conveyancing assured us was connected to mains drainage (both through seller's report, a lvl3 RICS survey, and an official CON29DW search). Since moving in we've discovered not only does that seem not be the case, but it seems there is a septic tank of unknown age under part of the…
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Empty house insurance
I’ve recently lost my father and have been looking for empty house insurance, I received a quote from a broker today for a thousand pounds. It’s only a three bed terrace house. Does anyone have any advice please, I’m at my wits end and can’t afford that. many thanks
