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Found 8 results

  1. I'm looking at a potential investment for a flip through my limited company, but was hoping to tap into the collective wisdom on the process for these disposals. It's being sold by an "Accountant in Bankruptcy" (according to the Home Report - I'm in Scotland) but the owner is still living there. It's apparent that he's not worried about the place - wallpaper stripped off, gutters leaking, washing all hanging in the kitchen when we came to view - which I imagine is because he doesn't stand to make anything from the proceeds of sale. Or, is he making it seem unattractive so he can st
  2. I'm looking at a potential investment for a flip through my limited company, but was hoping to tap into the collective wisdom on the process for these disposals. It's being sold by an "Accountant in Bankruptcy" (according to the Home Report - I'm in Scotland) but the owner is still living there. It's apparent that he's not worried about the place - wallpaper stripped off, gutters leaking, washing all hanging in the kitchen when we came to view - which I imagine is because he doesn't stand to make anything from the proceeds of sale. Or, is he making it seem unattractive so he can st
  3. Hi everyone. I am new to the forum and am seeking some advice from others who have been unfortunate enough to go through a similar experience as the one that I am having to deal with now. To provide a bit of background: I help my parents manage their property, which was let on a new AST to a family with 2 children starting end of Dec 2016. The tenants were current with rent the first 3 months, then several weeks late with rent the following 2 months and, as at today, owe my parents 5 months' rent. The tenants have lied about their financial affairs throughout, been evasive and non-
  4. Hi Please can any one help? We have been trying to buy a specific house for the past year its a repossession. At one point we did have an offer accepted but it has 5 charges on it RBS, The Mortgage Business, Natwest and two individuals. The solicitor dealing with the sale has sort of given up and been told by her boss not to spend time on it ,as they are not getting paid (we think by RBS), but it has been hinted that we could buy it on an 'order'? We understand this order to be: We sign an 'order'? Pay an agreed deposit. Move in, pay rent, accept that we are re
  5. We know a property that we have tried to buy will be repossessed on a certain date, assuming it isn't sold to another buyer beforehand. Is there a way of finding out which bank is repossessing it?
  6. Hi My partner and I are just looking to buy our first home. We viewed a property near the forest of dean which needs updating. The kitchen and bathroom are gross and need total replacement. The flooring in all rooms also needs changing. I do believe the price of the property may reflect that. But how much would this (approximately) cost to ensure I do not offer too much for the house. Do I check prices for similar properties and minus the cost of fixing/updating or would I need to offer more? No checks have (yet) been done on the boiler/electrics so we'd need to check that too. Tha
  7. Hi everyone! I'm new to property investment, so please bear with me if the answer to my question is extremely obvious. After viewing a repossessed house at the weekend, I noticed the electricity supply had been tampered with. The electrical connection between the supply into the house and the consumer unit had been removed (with the exception of some earthing cable), as shown in the attached photo. I don't think fixing the problem would be a major issue. An electrician quoted £300 for the installation of a new consumer unit, and the electricity supplier would be required to insta
  8. Hello everyone! I have a very unusual property law case. I have been trying to get advice from about dozen of various property law solicitors as well as taking some actions but unsuccessfully and no one knows what to do with it…. In 2007 my husband and I bought a leasehold property (1st floor maisonette) with a converted loft. The loft was converted in 2004. When we bought the property it was repossessed. We used recommended solicitors, who were based in Scotland. Only after the purchase was sealed I found out that the loft had a separate title and what’s worse it was not transferred in
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