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Q. My tenant has just been made redundant and now not paying his rent, legally what am I allowed to do? A. Unfortunately, due to the current climate many tenants have lost their jobs and now find they are unable to pay their rent. Landlords have a limited number of options available if the tenant…
Q. What is a sale chain? A. Most property sales will involve a sales chain. This is because most people have to sell their home in order to buy another house. This creates a chain of related sales/purchases First time buyers normally form the base of a chain, Sale chains can involve anywhere between 3…
UK house prices rose by 0.9% in June, according to the latest survey from the Nationwide building society. House prices have now risen in three of the last four months, suggesting that the improvement that began to show up in March represents more than just statistical noise. Last week, HM Revenue & Customs (HMRC) reported…
Q. I am looking at buying a brand new one bedroom apartment for investment in Canary Wharf and have been offered a parking space for an extra £25,000 is it worth me spending the extra cash? Surely with such good transport connections here I don’t really need it? Tenants could always apply for a residents…
Q. I’ve heard that gazumping has reared its ugly head in the property market again, as a seller this is good news as surely this will now start pushing the property prices up again? A. Correct, gazumping has been occurring quite a lot lately, due to the ratio of buyers per property for sale. Although…
Q. I have noticed that quite a large crack has appeared on one of my exterior walls, a friend has suggested I get this checked out by a structural engineer? A. If you have noticed cracks either within the interior or on the exterior of the property you may have subsidence. The cause for this occurrence is often poor…
Q. What are my responsibilities as an owner of a listed building and what happens if I wish to make alterations? A. As an owner of a listed building it is your responsibility to ensure that the property is repaired and maintained, which in some cases may require “listed building consent”. Should an owner of a…
Q. What’s the difference between a Homebuyers Report and a regular Valuation? A. The homebuyer report focuses on essentials: defects and problems which are urgent or significant and thus have an effect on the value of the property. The homebuyer report, unlike a building survey, provides not only a survey but also a valuation as…
Q. I’m convinced we have now hit the ‘bottom’ of the market and seriously want to buy my first home, however having registered with all the local estate agents it appears there’s hardly anything available to buy, why is this? A. Correct, buyers are out in droves looking for property right now, convinced as you…
Q. The service charges on our development have just been increased to what most of the owners believe an unreasonable level, what is the best way of challenging this – is there someone we can approach to discuss our concerns? A. Both landlords and leaseholders have a right to ask a Leasehold Valuation Tribunal whether…
