Property Solutions to Sell Your House Fast For Market Value
You are not required by law to have a gas safety certificate to sell a house. But if you have a gas boiler it’s recommended to have an annual gas safety inspection and a gas safety certificate issued for your own safety. Plus if you let your property you are required to have a gas safety certificate issued every year.
The offeror of an option contact on property cannot revoke the offer as they’ve entered into a legally binding contract for an agreed period of time where consideration is paid. The offeree will remain under an obligation to sell to the offeror throughout the period of the option contract.
You cannot live in a property with a buy to let mortgage on it, and if you do you will be in breach of the mortgage terms and conditions and committing a fraud. Most buy to let mortgages aren’t regulated and are assessed on the basis of rental cover rather than affordability.
The amount by which subsidence devalues your property is at least by how much it will cost to fix the subsidence problem, plus an additional 10-20% off the asking price on top. You are far better to fix the problem yourself and check your insurance policy to see if this covers for subsidence.
As a first time buyer it’s possible to get a buy to let mortgage, but your options will be very limited. Most lenders consider the risk that first time buyers will want to live in the property for themselves. Those that will lend to first time buyers will limit the buy to let lending to a multiple of earnings.
What is acceptable as an offer in the region of depends on what the property is worth to you, how much the seller is willing to accept and how long the property has been on the market. Always bear in mind that the list price of any house is not its valuation, but is a guide price only.
