babajeje123:

Thanks as always. Last time the town was flooded with massive impact on buildings was 1967, they do have flash flood on their roads and parks each time it pours heavily.

Avoid. Find another property/area.

Good morning house.

Please if you have Amortization chart link. Kindly drop it.

Thank You

Please, can LISA be used to buy an old build or ran down house that need refurbishing??

Ogonsbaba:
Please, can LISA be used to buy an old build or ran down house that need refurbishing??

Yes. The only condition is that it’s your first house.

The bigger thing to watch out for with a run down house is if you can get a lender to give you a mortgage (assuming you need a mortgage).

Good day Elders,

Please at what stage should one conduct Home survey level 2?

Thanks

solveabode:
Good day Elders,

Please at what stage should one conduct Home survey level 2?

Thanks

At the beginning of the mortgage process.....

Ogonsbaba:
Please, can LISA be used to buy an old build or ran down house that need refurbishing??

Renovating houses can be very expensive and time consuming. Plus the chances of getting all your costs back when you sell is minimal unless you hold for about 5 years or more.
Houses needing updating seem to commanding similar prices to finished homes so it's important to buy right

Thank you oga Lexus

Lexusgs430:


At the beginning of the mortgage process.....

Elders in the house. Please what can I use to back up the ajo money that was paid into my account. The amount (thrift) is used to boost my deposit for mortgage and I intend to print statement. I ve got AIP from Lloyd Bank and also DIP from my advisor.

I ve found the house too.

Thanks

Good day all
Offer accepted and solicitors appointed but the vendor's solicitor is not yet replied to enquiries.

Is it proper for me to request for the vendor's phone number from the estate agent?

solveabode:
Good day all
Offer accepted and solicitors appointed but the vendor's solicitor is not yet replied to enquiries.

Is it proper for me to request for the vendor's phone number from the estate agent?

How long ago was the enquiry sent ? Some times it takes time to respond , depending on the nature of the enquiries. Sometimes what your solicitor is asking will be dependent on a third party or what might take time to get . Mine response is also being awaited and it’s been two weeks already.

teeebest:


Peterlee - Northeast

What's your council tax like? It appears as if Durham Council tax for new builds is extremely high.

Good morning everyone , there is this property I love rooms are spacious and with 2bathroom but the EPC rating is D, if bought is there anything I can do to improve the EPC rating from D to B. Thanks everyone

Mine is upto 2 weeks as well.

Permit me to ask , do you have the phone number of your vendor?

mex551:
How long ago was the enquiry sent ? Some times it takes time to respond , depending on the nature of the enquiries. Sometimes what your solicitor is asking will be dependent on a third party or what might take time to get . Mine response is also being awaited and it’s been two weeks already.

PrettyPacy:
Good morning everyone , there is this property I love rooms are spacious and with 2bathroom but the EPC rating is D, if bought is there anything I can do to improve the EPC rating from D to B. Thanks everyone

Check gov.uk. it will state all you need to do to improve the EPC rating including estimated cost.

solveabode:
Mine is upto 2 weeks as well.

Permit me to ask , do you have the phone number of your vendor?

No. but I can see his mail and present house address on the sales memo. If I need to contact him directly , I will just send him a postal mail. But it hasn’t got to that yet. We are still awaiting local search reports

solveabode:


Check gov.uk. it will state all you need to do to improve the EPC rating including estimated cost.

Thank you so much for this information.

babajeje123:

What's your council tax like? It appears as if Durham Council tax for new builds is extremely high.

£180 per month sir.

teeebest:


£180 per month sir.

Omo...we dey enjoy for here o.

[quote author=mex551 post=132200662]Good day my people. My. Lender trying to sell me and my wife decreasing term ,life insurance with critical illness cover for 268.00 monthly. I rejected it. Please what alternatives can I get. Help a brother [/quote

I rejected £50 monthly from Tom insurance (no complex medical history) so you should see better deals out there.

Good evening experience elders please is it advisable to buy a house that is over 20years still in a good condition and has solar panels as well, and can I be advised of best building or property to go for. Thank you everyone
Cc everyone

PrettyPacy:
Good evening experience elders please is it advisable to buy a house that is over 20years still in a good condition and has solar panels as well, and can I be advised of best building or property to go for. Thank you everyone
Cc everyone

Hehe... 20 yrs is almost 'new build'. This is the UK where houses of 100 yrs are sought after.
The best building depends on your pocket and needs.

jedisco:


Hehe... 20 yrs is almost 'new build'. This is the UK where houses of 100 yrs are sought after.
The best building depends on your pocket and needs.

Thanks for your input
The reason I’m asking questions is that is our first home and we don’t want to make mistakes as well. And the property have solar panels installed as this a concern please ?

PrettyPacy:


Thanks for your input
The reason I’m asking questions is that is our first home and we don’t want to make mistakes as well. And the property have solar panels installed as this a concern please ?

I don't see an issue with solar panels. Some bew builds come with them. If well set up, it can reduce your energy bills by a lot and you can even export excess electricity and be paid.

I am also considering installing them on my house.

PrettyPacy:


Thanks for your input
The reason I’m asking questions is that is our first home and we don’t want to make mistakes as well. And the property have solar panels installed as this a concern please ?

Our current home is over 100 years old!
In terms of what to buy:
Affordability - this is the koko.
Location
House size
Your appetite for renovation - time and funds
All the rest will fall into place.

Solar panels -
1. Ensure the home owner owns the panels and they haven't leased the roof to the energy company. As that can present challenges with a mortgage.
2. Check how long ago it was installed - older ones have a 10 year ish self life. How big the battery is. Does it store electricity (better if it does as you can then sell back to the grid)

Ticha:


Our current home is over 100 years old!
In terms of what to buy:
Affordability - this is the koko.
Location
House size
Your appetite for renovation - time and funds
All the rest will fall into place.

Solar panels -
1. Ensure the home owner owns the panels and they haven't leased the roof to the energy company. As that can present challenges with a mortgage.
2. Check how long ago it was installed - older ones have a 10 year ish self life. How big the battery is. Does it store electricity (better if it does as you can then sell back to the grid)

Like the owner mentioned the solar was installed by the government 10years ago, no idea of the battery size but I can find out. Thank you so much

Here is the 1st paragraph of the letter from the owner regarding the solar panel :

As our airspace leasehold interest is on a separate title number there are no formal requirements with any assignment in respect of the sale of the property. The freehold title of the property has the schedule of Lease in connection with the solar panels within the title and the purchasers therefore take the title to the property with the benefit of the solar panels under the terms of the airspace leasehold interest granted to us.

PrettyPacy:


Like the owner mentioned the solar was installed by the government 10years ago, no idea of the battery size but I can find out. Thank you so much

Here is the 1st paragraph of the letter from the owner regarding the solar panel :

As our airspace leasehold interest is on a separate title number there are no formal requirements with any assignment in respect of the sale of the property. The freehold title of the property has the schedule of Lease in connection with the solar panels within the title and the purchasers therefore take the title to the property with the benefit of the solar panels under the terms of the airspace leasehold interest granted to us.

The solar panels are leased then. Banks don't like that as it means someone else also has security over the property. It's worth digging more into that. Unfortunately I don't have much experience around where else to get more information except from a solicitor and that will cost you.

Unless you really, really love the house and it's only affordable one, I'll move on.

PS - the government does not install the panels. If people are on certain benefits, they can receive a grant to enable them install solar panels/ heat pumps to increase EPC etc. It's usually a partial payment towards the total costs. So the vendor's language is a bot of a red herring. Thread softly

Ticha:


The solar panels are leased then. Banks don't like that as it means someone else also has security over the property. It's worth digging more into that. Unfortunately I don't have much experience around where else to get more information except from a solicitor and that will cost you.

Unless you really, really love the house and it's only affordable one, I'll move on.

PS - the government does not install the panels. If people are on certain benefits, they can receive a grant to enable them install solar panels/ heat pumps to increase EPC etc. It's usually a partial payment towards the total costs. So the vendor's language is a bot of a red herring. Thread softly

Oh I’m grateful for this . Thank you . Thank you

abuhusna1:

It will be written tenanted on futurepropertyauctions.co.uk or written investment or with tenant on other sites given and the amount they are paying will be stated only buy it if you feel the payment worth the value.
I always ensure atleast 10% return on rental value of my auction property sime are more than 10% just look for the jackpot and be sure you have a solicitor ready to complete the conveyancing

Please is it possible I invest from Nigeria despite the fact I am not a visa holder of UK

Okeowonla:


Please is it possible I invest from Nigeria despite the fact I am not a visa holder of UK

It's possible because there are companies that help people from abroad with buy to let as long as you can proof your source of fund and have all the cash ready to buy

abuhusna1:

It's possible because there are companies that help people from abroad with buy to let as long as you can proof your source of fund and have all the cash ready to buy

Do you have contacts of such companies?

Dilemma pls help;

Option A- a new build with deposit unlock and 1040 GBP monthly payment. The ish is my wife and children do not like the area.

Option B- same size of the house. No deposit unlock and I don't have 10% contribution. I have a mortgage at 95% but the interest rate is over the roof. Monthly payment of 1500 GBP fixed for 5 years. My family likes the area and we don't need to relocate school. If I have 10% I would pay 1200 GBP monthly. Nice location and it comes with solar panel. The price of the house is more than the above.

Option C- If I don't buy now, I may not see the opportunity to own house in that area. In the end, I may be paying rent of 1250 to 1300 monthly starting from next year. Advice please