How much effort is it to sort out a house in multiple occupancy (HMO)?
A house in multiple occupancy is defined as a property where at least three tenants live forming more than one household (one person or more living together), but share kitchen and bathroom facilities.
As a landlord of an HMO, your responsibilities include ensuring proper fire safety measures are in place, gas safety checks are completed annually, the electric system is checked every five years, there are sufficient bathroom and kitchen facilities for everyone to comfortably use, communal areas are kept clean and safe to use, and waste disposal is managed effectively (provision of bins and bags).
This requires more effort than having a property to rent to one household, and you may wish to employ a solicitor to sort out the legal side of things in the first instance, and a property management company to handle the administration, disputes, etc. on a daily basis.
Homeward Legal's experienced solicitors have completed many different transactions including properties for HMOs. Why not give us a quick call now on 0800 038 6699 to get your conveyancing under way today?
Can you give the reasons why conveyancing work for a sale in Bryn Y Baal requires weeks?
The legal work required to buy or sell a home may be subject to numerous interruptions or delays even where there is no chain. Sometimes, the reasons are out of a solicitor's control, Homeward Legal, however, understand how frustrating these are and do our best to minimise their effect where feasible to do so by chasing for prompt responses.
How can I buy the freehold of the building in which I’m purchasing a flat?
When you buy a leasehold flat (usually for a lease lasting a long time), it means that you don’t own the building or the land on which it is built. If you want to buy the freehold of the building (either yourself or with other flat-owners), you’ll need to meet a few legal criteria before that can happen (such as the number of flats, the purpose to which the majority of the building is put to, and the number of flat-owners willing to by the freehold).
One additional point to note is that the shorter the lease on any flat, the greater the price of the freehold is likely to be.
You should talk to other residents about your plan as well as finding out how much the freehold will be and getting a professional valuation. Once you are in a position to move ahead, you’ll need to appoint a solicitor to manage the legal aspect of the planned purchase.
Homeward Legal's solicitors are well-versed in dealing with all types of freehold and leasehold purchases. So call us now on 0800 038 6699 and we'll guide you through the process and assign you to one of the best solicitors.
Which local authority is responsible for Bryn Y Baal?
Bryn Y Baal is located in Flintshire County Council, County Hall, Mold, CH7 6NB, contact: 01352 752 121
Apparently, aluminium (Al) soil contamination may be an issue in Bryn Y Baal. Can you advise?
Policies and legislation are in place to control pollution, waste, water and chemical contamination. Other sources of contaminated land include water contaminants such as sewage and disinfection by-products.
Is contaminated land in Bryn Y Baal an issue for the majority of houses?
Bryn Y Baal property would be contaminated by a range of factors caused by man and by nature, and an environmental search will confirm if a specific property can be impacted by contaminants in the region like air pollution and limestone or gypsum quarrying.
Are there many designated conservation areas in Bryn Y Baal?
The areas located near Bryn Y Baal will include a number of areas of special architectural or historic interest designated as conservation areas. Your lawyer will advise further and address the impact buying in a conservation area may have.
How does a Help to Buy scheme work for me?
This government-sponsored scheme aims to assist homebuyers with three ways of purchasing a property:
- Help to Buy ISA - if you are a first-time buyer and don’t own any other property (anywhere in the world), and you don’t have another cash ISA opened in the same tax year, when you buy your first home, the solicitor will apply for the government bonus on your behalf when closure of your Home to Buy ISA used to buy the property is confirmed.
- Help to Buy: Equity Loan - if you have no other property and are buying a newly-built home, the government will provide 20% of the cost of the house (up to a maximum of £600,000), leaving you with the saved 5% deposit and a 75% mortgage to cover the remainder. This is open to current homeowners and first-time buyers, and the home cannot be sublet nor can it be used in a part-exchange deal.
- Help to Buy: Shared Ownership - if your household earns less than £80,000, you could be eligible for this scheme, which allows you to buy between 25% and 75% of the home’s value, while the government pays the remainder on which you would then pay rent.
(information retrieved from HM Government’s Help to Buy website on 16 April 2019).
Contact the Money Advice Service, the government’s Help to Buy website, or your local ‘Help to Buy’ agent for more information.