Finance & Investment Questions

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Sticky: Mortgage News by loanarranger Started by loanarranger, 23-12-2015, 19:43 PM	464 responses 28,332 views 0 likes	Last Post by loanarranger 10-04-2021, 11:28 AM
Selling with 88 years lease remaining by SpringGreen Started by SpringGreen, 17-04-2021, 10:19 AM	16 responses 172 views 0 likes	Last Post by Gordon999 08-05-2021, 10:06 AM
The Bank considers risk of a financial collapse from cladding scandal by loanarranger Started by loanarranger, 26-04-2021, 10:30 AM	6 responses 149 views 0 likes	Last Post by loanarranger 07-05-2021, 15:51 PM
Estate agents business bank account! by Riverside Estates Started by Riverside Estates, 07-05-2021, 14:34 PM	0 responses 13 views 0 likes	Last Post by Riverside Estates 07-05-2021, 14:34 PM
Is Ltd company status good for someone who is not a higher rate tax payer by Thurrock1 Started by Thurrock1, 06-05-2021, 17:00 PM	2 responses 38 views 0 likes	Last Post by Gordon999 07-05-2021, 12:30 PM
Taking out a second mortgage by prelandlord Started by prelandlord, 02-08-2020, 22:15 PM	7 responses 202 views 0 likes	Last Post by Moderator2 06-05-2021, 06:41 AM
Tenant wants to buy - saving for deposit by AJM2 Started by AJM2, 11-03-2021, 11:53 AM	27 responses 584 views 0 likes	Last Post by boletus 03-05-2021, 09:52 AM
Mortgage Conds. - no subletting by bob369 Started by bob369, 25-03-2021, 17:46 PM	14 responses 175 views 0 likes	Last Post by bob369 30-04-2021, 18:59 PM
Mortgage problem for buyer by Sunshinesetter Started by Sunshinesetter, 30-04-2021, 08:45 AM	3 responses 48 views 0 likes	Last Post by loanarranger 30-04-2021, 13:12 PM
Mortgage for a flat less than 30sq.mtrs. by Henry248OG Started by Henry248OG, 28-04-2021, 08:45 AM	5 responses 126 views 0 likes	Last Post by loanarranger 30-04-2021, 09:21 AM
Incorrect Info Provided by Bank by Bilo Started by Bilo, 29-04-2021, 12:01 PM	3 responses 40 views 0 likes	Last Post by loanarranger 30-04-2021, 09:18 AM

Selling with 88 years lease remaining

by SpringGreen

First time seller (London) with approximately 88 years lease remaining. I have two questions :
1. Extend lease 5% of asking price
2. Agent 'A' said no need to extend lease as the 'leasehold reform' and I should get the asking price if not 1 % less but no lower. Agent 'B' & C' 'now'...
- Channel: Finance & Investment Questions
17-04-2021, 10:19 AM
Reply to Selling with 88 years lease remaining

by Gordon999

Does your property need re-decorating ? Have you a rental tenant in the property and held back by a one year rental agreement ?
- Channel: Finance & Investment Questions
08-05-2021, 10:06 AM
Reply to The Bank considers risk of a financial collapse from cladding scandal

by loanarranger

Thanks Gordon999, your supportive comments are appreciated.
I listened to a lady who in addition to living in one of the adjoining blocks is Head of the Residents Association, during the interview with Adrian Child’s on 5 Live, she disclosed that the leaseholders pay £46000 per month for the...
- Channel: Finance & Investment Questions
07-05-2021, 15:51 PM
The Bank considers risk of a financial collapse from cladding scandal

by loanarranger

An excellent but worrying article appeared in yesterdays Sunday Times, written by Martina Lees , Senior Property Writer, which has potential ramifications across the entire property sector if not addressed . I have been aware of the attitude of lenders towards such developments and indeed none have...
- Channel: Finance & Investment Questions
26-04-2021, 10:30 AM
Reply to Selling with 88 years lease remaining

by SpringGreen

Feedback from Agent A and my records
Sept to March 3 viewings
March to April -2 viewings (after 1st price reduction)
April to May - 3 viewings

Agent D said that my development value will not be going up in the future (really?) but I saw anther property had changed agent...
- Channel: Finance & Investment Questions
07-05-2021, 15:38 PM
Estate agents business bank account!

by Riverside Estates

Hi guys,

I hope you are all safe, healthy and well. I really could do with your help and advice.

I am new here so I hope this is the correct section. Myself and a friend have registered our estate agency (Limited liability partnership) with companies house, have a level 3 diploma...
- Channel: Finance & Investment Questions
07-05-2021, 14:34 PM
Reply to Selling with 88 years lease remaining

by Gordon999

In post 1 ( dated 17 April) , you said agent A had 4 viewings after reducing the price. Any viewing during past 3 weeks period ?

At present there is stamp duty holiday until end of June to motivate buyers . ....
- Channel: Finance & Investment Questions
07-05-2021, 14:09 PM
Reply to The Bank considers risk of a financial collapse from cladding scandal

by Gordon999

https://www.standard.co.uk/news/uk/f...k-b933758.html

The residents at the tower block are lucky to escape substantial damage to their building.

LA is right the developers must be held accountable for replacing the wrong type of cladding .
- Channel: Finance & Investment Questions
07-05-2021, 13:03 PM
Reply to The Bank considers risk of a financial collapse from cladding scandal

by loanarranger

The high rise block of flats in East London which caught fire today is another major reason why the government needs to take remedial action to ensure that irrespective of where such properties are located, such properties need to be made safe where the wrong type of insulation was used and the developers...
- Channel: Finance & Investment Questions
07-05-2021, 12:31 PM
Reply to Is Ltd company status good for someone who is not a higher rate tax payer

by Gordon999

If a house is purchased under a freehold title by a Ltd company and subsequently converted into 3 flats, the property becomes a MUFB ( multi-unit freehold building ) if remaining under the same freehold title.

The Ltd company seeking a loan will find interest rates are much higher because...
- Channel: Finance & Investment Questions
07-05-2021, 12:30 PM

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