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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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What tools did you use to track and manage your house or flat hunt?
I'm not great with organisation, especially with things I'm not particularly excited about. I'm currently looking for a new home and finding the whole process surprisingly hard to manage. When I start searching I end up with tabs open on Rightmove and Zoopla and can never remember which ones I've already looked at, or…
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Parking outside own home in a 6 house cul-de-sac......?
Hello, FAO: MODS If this is in the wrong place, please move it. Background information - we have moved into my girlfriends childhood home that her mum lived in until she died 2 years ago. It is a small cul-de-sac with 6 houses on it in a L shape (see Picture 1). They were Council Houses, all 3 bedroom semi's. Number 1&2…
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Section 21
Hi, My daughter has rented a student house for the last 2 years. Her current AST is due to expire on 30th June. Can the landlord issue a section 21 on the 30th April and make them leave on 30th June, or will they be protected under the new rental rights bill? Thanks
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Proof of funds for estate agent.
Hi all, Have tried searching to no avail and asked in my first time buyer thread but easily missed in there and not had a response...so... As well as my mortgage in principle, the agent has asked for evidence of my deposit. Because I'm using a LISA this is a slightly complicated picture in that most of it is in my LISA and…
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Disrepair claim
Hello. Im hoping someone can advise me. I started a disrepair claim with a company called McDermott Smith Law Ltd around June 2024. However this company went into administration last year. I thought nothing off it and thought my claim was no longer valid. But someone called me on Saturday the 13th February, claiming to be…
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What is the advantage of a council flat over a privately rented flat?
I was homeless, I went onto this impossible system gateway, that finds you a flat but in about 4 decades time. Im still on it. Im allowed to keep searching even though I now have privately rented accommodation (which I like) But why would it be worthwhile, what are the advantages of a council flat over a privately rented…
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Would you buy a house that had previously had spray foam insulation?
I had an offer accepted recently on what I thought was my dream home. A few weeks later I've been informed by the estate agent that it has spray foam insulation in the loft, which the vendor is going to have removed prior to me arranging a survey as he knows it's not mortgageable as it is. I hadn't heard much before about…
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Last minute paperwork might delay completion
We completed on the sale of our previous property just before Christmas and the week of completion was a nightmare with the solicitor’s compliance team spotting a missing yet important piece of paperwork at the last minute. I managed to get my management company to produce the paperwork and dropped it off personally to my…
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Selling a house for the first time - struggling!
We bought our first home in 2022, at peak pandemic price, when properties were selling like hot cakes. We had been renting for 7 years before, and we bought into the idea that we needed to get on the property ladder sooner rather than later. We bought a 2-bedroom semi, new build, with a surprisingly large, SE facing…
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Whopping stamp duty or wait it out?
is it normal to pay 50k stamp duty? Are people actually paying this? Seems hefty!!!! I want to buy a place to let out but 50k plus extra seems a bit much? Are people in UK actually paying this? Seems very dissuading. Or is it just me being tight!?
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SDLT
I had a house that I lived in for ten years, after which I let it out for 5. I lived elsewhere with now wife who owns a place. If I want to buy a place now, can I reclaim the high rate stamp duty as I have sold my own house less than three years ago. Or am I not eligible because I let it out towards the end of my ownership…
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New "Have a Look at This" thread
The other one has disappeared and any posts I have made are not listed in either my posts or thanks. This thread is for things like: . Spotting pets in properties . Anything awful - decor, extensions etc . Quirky properties . Timewarp properties . Properties in serious repair and anything which is different and of interest…
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Buildings insurance, subsidence and a withdrawn mortgage offer
We are now at the point of exchange on a property with a recent (2021) history of subsidence for which there was an insurance claim. Our mortgage lenders have withdrawn their offer based on the fact that we cannot get buildings insurance with an excess of lower than £2,500. As is standard, the mortgage offer states the…
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Land missing from title-future lending problems?
We are buying a property, using a bridging loan, as its being sold under auction conditions. The property has two separate title deeds and the current owners have lived there since the 50’s. They bought the second title in the 70’s (im mentioning this as its before it all went digital) which is ajoining and used as a…
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Additional Property SDLT
Hi, I own a flat that I’ve been trying to sell for the past 3 years, but due to cladding issues I had to rent it out instead. The cladding work has now been completed, but it caused significant leaks which are taking a long time (over a year) to fix. As a result, I can only rent one room, and the affected room remains…
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Transfer in part
I am in the long process of trying to exchange/complete on a house after completing on mine on 12 Dec. In summary, Mr & Mrs developers bought 2 cottages & transferred part of cottage 1’s garden to cottage 2. I am trying to buy cottage 2 & cottage 1 recently exchanged & completed. They have signed the transfer in part…
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Porting mortgage with recent defaults & significant debt
We are with Skipton Building society. Never missed a payment would like to move to a cheaper property (bought our current for £310k & mortgage is £263,000). We’ve seen a property for £280k but in the past 12 months I have had £60k of defaults from credit cards & loans, added to my credit file. Obviously did not have these…
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Buying my first Flat – Concerned About Mortgage Adviser & Solicitor Costs
I’m looking to buy a flat in Gloucester for £117,500 with a shared freehold. I’ve found a property I like and can afford, and I’m now navigating the mortgage and legal side of things. I’ve been advised by a mortgage adviser (working for Nationwide) to go with a tracker mortgage, and then switch to a fixed rate once I…
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100% mortgage with guarantor
I'm wondering if there are any options for a 100% mortgage with a guarantor added to the mortgage ? All of mine and my husbands income is from benefits and child maintenance right now, this could change in the future. The guarantor would be a family member who owns their own home plus 10-15 rental properties but is 70…
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Two failed house purchases
So last year my purchase fell through as seller pulled out and this year I pulled out. So two different agents but both have now gone quiet and don’t seem to want to help with my house search. Obviously after two failed sales I may take a break and perhaps do more work on this house. Obviously I can use another agent to…
