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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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AML checks by estate agents
I have come across a couple of estate agents who insist on doing the full AML checks for purchases and sales (that is on both the buyers and the sellers), where you not only have to show proof of funds but also proof of how you got them. This is generally done at the legal stage by solicitors, so I feel they are over…
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Leasehold: Duty of Landlord to Keep Records? Leaseholder Access to Records?
I have a leasehold flat. The freeholder/landlord is also the management company. They have issued a Section 20 for work that I suspect is only necessary because work on a previous Section 20 was done incorrectly and signed off at the time without due care by the management company. Do I have the right to reqest/demand the…
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Rental tax relief
I am in the process of buying another house. My current property, in which I live, is going to be rented out, but I need to do some work for rental preparation. For example, I advertised it for rent on open rent 1st May, so I started some work on 2nd May. Can I claim tax relief for rental preparation?
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Help needed please
Hello, I have very difficult issue and cannot find help, my wife bought a home in 1971 but she was on a low income so to get the mortage her freind put his name to the application, the mortgage went though, her friend did not pay any payments as he only put his name to it so my wife could get the house,He has never lived…
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Can I sue the previous owner?
Hi. I bought a house, just over a year ago that has a large garden. I’ve been doing some maintenance in the garden and have discovered that the previous owner has buried a large number of items in the land. So far I’ve found a fridge/freezer, about 12 used tyres, rubber bases that you put heras fencing into and some car…
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Repay mortgage now or wait until sell
Following a bereavement I’m now in the position to pay off my mortgage. I would like to do it now but wish to put the house on the market in a month or two. Should I payoff now or wait until it sells? To add I may have to rent a place next.
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Mortgage declined after acceptance
Hi guys, Mortgage had been accepted subject to work being carried out before they would lend due to structual issues - so that mortgage is pending. We decided today to pull out and our broker ran another AIP with them again for an additional 50k but it came back with ‘declined’ and the reason being ‘credit score?’ Broker…
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Price history of properties
Does anyone know if Property log is safe to use - I am wanting to see history of properties for sale particularly on Rightmove because also when the agent reduces the price you can't see when it first went on for sale
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Tenant refusing to pay rent
Dear all, I have a tenant living with partner and her son in my terraced house. They have been there for about 6 years. We now need to sell the house and we have send them all the right documentation to this regard, by post and email and they are not happy so they have not paid this month rent and they will probably not…
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ELECTRIC EICR NOT EIC as electrician done a runner
morning Guidance needed please ….builder did annex extension however he turned out to be a cowboy builder who left work not passing building regulations. Has cost me extra £3k+ so far but can’t get EIC as he holding that to ransom plus photos proving drainage work due to argument on money paid. My only alternative was to…
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How to apply for via OC1 ? Deeds
Good morning, Looking to apply for my mums deeds for her property via the OC1 form . Have already downloaded digital copies via Gov website cost for both £14. However the downloads are not official and paper copies must be applied for via OC1 form. Deeds lost via Solicitor liquidation were they were held. Form is slightly…
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Why does my landlords referencing agency want my NIN?
I am not comfortable providing my National Insurance Number (NIN) to random companies as I consider it a significant invasion of privacy. Given how frequently data breaches occur, I do not feel safe handing over such sensitive information. What exactly can be accessed using my NIN? Specifically: can they see whether I am…
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Leasehold flat, cost of replacement communal door seems excessive
I’d love to get some opinions. I’m in Kent, south east England, I know everything is expensive here. I own a 2 bed flat, ex council now owned by housing authority who have a habit of putting rather unsavoury characters in our building, and therefore, our front and back security doors get damaged frequently. I’ve received a…
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Passing a Landlord Reference Check
Good afternoon, Does anyone know what information a prospective letting agent can see on a credit check for a new property. I am thinking of moving, earn enough with my partner to cover the rent and have good standing with my current letting agents. I do, however, have a very poor credit score due a currently running DMP,…
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Offering on a new house before mine is sold?
I'm aware I'm in a weak position. Still, I'm interested in offering on a house I really like in a new area and my house is on the market, has gotten 4 viewings in 2 weeks, but no offers yet. I've read I can make a "contingent offer" on the new house, though. Seems likely to sell in the next couple of months. Is this a good…
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Buy to let mortgage with main house protection.
hi All I have my home nearly paid off (15 percent left) and consider taking second mortgage to finanse much cheaper buy to let property. I have to be 100 percent sure about potential worst case scenario if things go wrong with the buy to let property and it has negative equity can i be chased by the bank on my main…
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MSE News: How PM Law's abrupt closure has left house purchases & sales in the balance
Tens of thousands of people across the country using PM Law Group for house sales, purchases and more have been left in the lurch after the firm's unexpected closure. Former clients of the shuttered conveyancing and personal injury law firm say they're struggling to reclaim funds and case files. Here's what's happened and…
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Land Registry ID1 form online - recommendations?
Can anyone recommend an online service for the land registry ID1 form (aka ID5)? And the cheaper the better, this is MSE after all. I've seen one that says £59 but that changes to £69 on later pages, and it requires proof that everyone is linked to the property which seems odd and I'm not sure exactly what that means. The…
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Tenancy change following bereavement
Sadly my wife died recently. I notified the estate agent as we had a joint tenancy and that has to be changed to me being sole tenant. I expected it to be quite simple. My wife's name being removed, mine staying on and otherwise carry on as before. Instead today I've received a totally new contract due to start in the…
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Future CGT on second home - what is purchase price based on?
Hi, I am hoping to buy sibling out of my late parents home as a second property (with a buy to let mortgage). We have a RICS valuation, IHT valuation based on two or three estate agent valuations, and the price I've agreed with sibling which is somewhere in between. House was on market for sale briefly at less than the IHT…
