Comments for Helping Innovate Property (HIP) - Blog, Housing Market News and Articles http://www.hip-consultant.co.uk/blog Wed, 16 May 2012 14:10:32 +0000 hourly 1 http://wordpress.org/?v=3.2 hipconsultantcommentshttp://feedburner.google.com Comment on To Buy or To Rent Property: What would you do ? by Kenn http://www.hip-consultant.co.uk/blog/should-buy-or-rent-property-what-should-i-d-123/comment-page-1/#comment-32811 Kenn Wed, 16 May 2012 14:10:32 +0000 http://www.hip-consultant.co.uk/blog/?p=4073#comment-32811 Saving the equity whilst renting can be tough for first time buyers and means that affordable homes are out of reach for younger generations. This creates a generation of renters. Saving the equity whilst renting can be tough for first time buyers and means that affordable homes are out of reach for younger generations. This creates a generation of renters.


]]> Comment on Checking if a Property is at Risk from Flooding by Richard Hughes http://www.hip-consultant.co.uk/blog/check-property-flood-risk-123/comment-page-1/#comment-32807 Richard Hughes Wed, 16 May 2012 08:55:42 +0000 http://www.hip-consultant.co.uk/blog/?p=3612#comment-32807 If you're living in an area that traditionally floods I'd strongly advise checking your home insurance policy to ensure that it does cover floods. I've heard of policies not covering flooding if there is a significant risk, no matter what the premium. It's obviously best to double check that to assume at your peril. If you’re living in an area that traditionally floods I’d strongly advise checking your home insurance policy to ensure that it does cover floods. I’ve heard of policies not covering flooding if there is a significant risk, no matter what the premium. It’s obviously best to double check that to assume at your peril.


]]> Comment on Acquiring a Right Over Another’s Land by Kathleen http://www.hip-consultant.co.uk/blog/acquiring-a-right-over-anothers-land-123/comment-page-1/#comment-32786 Kathleen Sun, 13 May 2012 12:57:53 +0000 http://www.hip-consultant.co.uk/blog/?p=2414#comment-32786 I would like to know more about Prescriptive easements and a domestic drinking water pipe running over my neighbours land that was there for the past 30 years. Please help me as i am trying to sell my property and this is the only document pending for the sale to go through Many Thanks for your kind help in this matter Kathleen I would like to know more about Prescriptive easements and a
domestic drinking water pipe running over my neighbours land that was there for the past 30 years. Please help me as i am trying to sell my property and this is the only document pending for the sale to go through
Many Thanks for your kind help in this matter
Kathleen


]]> Comment on What to do When Planning Permission has Not Been Obtained by Judith Pearmain http://www.hip-consultant.co.uk/blog/planning-permission-not-obtained-123/comment-page-1/#comment-32780 Judith Pearmain Fri, 11 May 2012 16:20:24 +0000 http://www.hip-consultant.co.uk/blog/?p=2921#comment-32780 We are purchasing a house where the garage was converted into living accomodation in 2010 however our solicitor has found a planning application that was granted in 1991 which explicitly stated that the garage could not be converted into habitable accomodation. Would this clause still be applicable after 20 years? The conversion is within the existing walls of the property. We are looking at taking out indemnity insurance but just wondered if planning permission was sought if this condition would still be valid or do they expire? Comments would be appreciated. We are purchasing a house where the garage was converted into living accomodation in 2010 however our solicitor has found a planning application that was granted in 1991 which explicitly stated that the garage could not be converted into habitable accomodation.
Would this clause still be applicable after 20 years? The conversion is within the existing walls of the property.
We are looking at taking out indemnity insurance but just wondered if planning permission was sought if this condition would still be valid or do they expire?
Comments would be appreciated.


]]> Comment on What is Shared Ownership Property ? by natasha http://www.hip-consultant.co.uk/blog/what-is-shared-ownership-property-123/comment-page-1/#comment-32778 natasha Thu, 10 May 2012 15:12:35 +0000 http://www.hip-consultant.co.uk/blog/?p=2320#comment-32778 Craig, I am in a similiar situation can I come and live with you haha Craig, I am in a similiar situation can I come and live with you haha


]]> Comment on Guide to Buying Property at Auction by Sharon Crossland AIRPM http://www.hip-consultant.co.uk/blog/how-to-buy-properties-at-auction-123/comment-page-1/#comment-32770 Sharon Crossland AIRPM Wed, 09 May 2012 10:38:08 +0000 http://www.hip-consultant.co.uk/blog/?p=2303#comment-32770 I just wanted to add my recent experience of what happens when properties go to auction. I recently had a flat purchased on my block where the new owner immediately altered the layout (against the terms of rhe lease) and marketed it for rent as a 2- bed property when in fact it was a one-bed. I notified the letting agent that the freehold company required the property to be returned to its original layout and marketed correctly. A 2-bed flat under Local Housing Allowance rates in my borough sets a weekly rental of £207.69 but a 1-bed sets it as £170 per week, which is the rate it should have been set at. Despite my best efforts, a tenant took the property at the 2-bed rate but I informed him that the freehold company would be looking for the flat to be restored to its original layout otherwise they would attempt forfeiture of the lease. The tenant obviously notified his landlord of the situation because at the time of writing this, the flat in now up for auction, again being sold as a 2-bed flat! The onus of all buyers of residential property is that of 'Caveat Emptor' (buyer beware). If someone purchases this flat without being made aware of the situation then they will immediately be faced with having to restore the property to its original layout otherwise run the risk of the lease being forfeited! I've contacted the auctioneers and provided them with this information, something that not unsurprisingly the Special Conditions makes no reference to. I am of course hoping that the flat will be pulled out of the auction or the informatino I've provided will be added to the Lot information but I wait to hear! I just wanted to add my recent experience of what happens when properties go to auction.

I recently had a flat purchased on my block where the new owner immediately altered the layout (against the terms of rhe lease) and marketed it for rent as a 2- bed property when in fact it was a one-bed.

I notified the letting agent that the freehold company required the property to be returned to its original layout and marketed correctly.

A 2-bed flat under Local Housing Allowance rates in my borough sets a weekly rental of £207.69 but a 1-bed sets it as £170 per week, which is the rate it should have been set at.

Despite my best efforts, a tenant took the property at the 2-bed rate but I informed him that the freehold company would be looking for the flat to be restored to its original layout otherwise they would attempt forfeiture of the lease.

The tenant obviously notified his landlord of the situation because at the time of writing this, the flat in now up for auction, again being sold as a 2-bed flat!

The onus of all buyers of residential property is that of ‘Caveat Emptor’ (buyer beware). If someone purchases this flat without being made aware of the situation then they will immediately be faced with having to restore the property to its original layout otherwise run the risk of the lease being forfeited!

I’ve contacted the auctioneers and provided them with this information, something that not unsurprisingly the Special Conditions makes no reference to.

I am of course hoping that the flat will be pulled out of the auction or the informatino I’ve provided will be added to the Lot information but I wait to hear!


]]> Comment on Is This What London Will Look Like in 2012? by Zed http://www.hip-consultant.co.uk/blog/is-this-what-london-will-look-like-in-2012/comment-page-1/#comment-32760 Zed Mon, 07 May 2012 16:33:03 +0000 http://www.hip-consultant.co.uk/blog/?p=2073#comment-32760 The view from Waterloo bridge is always great,especially at night when London sparkles, cant wait till the olympics The view from Waterloo bridge is always great,especially at night when London sparkles, cant wait till the olympics


]]> Comment on Buying a Repossessed Property by iqbal http://www.hip-consultant.co.uk/blog/buying-repossessed-properties-123/comment-page-1/#comment-32756 iqbal Fri, 04 May 2012 17:42:52 +0000 http://www.hip-consultant.co.uk/blog/?p=2290#comment-32756 I bought a repossession property last year . I paid to my solicitors all the search fees but when i collected the keys from the estate agent and i thought i will get all the paper work for the house from my solicitor but i was shocked to hear that there's no paper available for the property ,only my name was registered on the land registry. Do you think it will be problem if i sell the property in the future. Why do i have to pay my solicitor all the fees for search when i could not any documents. I have been told by the solicitor that the owner took all the papers. Please help I bought a repossession property last year . I paid to my solicitors all the search fees but when i collected the keys from the estate agent and i thought i will get all the paper work for the house from my solicitor but i was shocked to hear that there’s no paper available for the property ,only my name was registered on the land registry.
Do you think it will be problem if i sell the property in the future.
Why do i have to pay my solicitor all the fees for search when i could not any documents.
I have been told by the solicitor that the owner took all the papers.
Please help


]]> Comment on Selling Your Home Without an Estate Agent by wesley http://www.hip-consultant.co.uk/blog/sell-house-without-estate-agent-123/comment-page-1/#comment-32737 wesley Tue, 01 May 2012 06:15:48 +0000 http://www.hip-consultant.co.uk/blog/?p=3955#comment-32737 Hello Many useful advices, thx very much. Since im stationing in few places, I was used to contact with many agents. But I have reduce the use of service from agents as i met a dishonest agent from Berkeley Capital who being sued separately for HK$12,000,000 in Hong Kong for breach of contract. This case is currently in the High Court in Hong Kong and is a matter of Public Record. Hello

Many useful advices, thx very much. Since im stationing in few places, I was used to contact with many agents.
But I have reduce the use of service from agents as i met a dishonest agent from Berkeley Capital who being sued separately for HK$12,000,000 in Hong Kong for breach of contract. This case is currently in the High Court in Hong Kong and is a matter of Public Record.


]]> Comment on Beware Contracts Race when Buying Property by wesley http://www.hip-consultant.co.uk/blog/beware-contracts-race-buying-property-123/comment-page-1/#comment-32736 wesley Tue, 01 May 2012 05:28:29 +0000 http://www.hip-consultant.co.uk/blog/?p=3924#comment-32736 Good article, "contract race" is such a good term. since the competition between agents are hot. There may cause someone put influence into the race in a illegal way. As an exsample, A online agent from Berkeley Capital are sueing by HK court in 2012, he stole the data from his ex-employer's company, and did impact on the contract race. here is the open document from hk's court. legalref.judiciary.gov.hk/lrs/common/ju/ju_frame.jsp?DIS=80215&currpage=T Good article, “contract race” is such a good term.
since the competition between agents are hot. There may cause someone put influence into the race in a illegal way. As an exsample, A online agent from Berkeley Capital are sueing by HK court in 2012, he stole the data from his ex-employer’s company, and did impact on the contract race.
here is the open document from hk’s court.
legalref.judiciary.gov.hk/lrs/common/ju/ju_frame.jsp?DIS=80215&currpage=T


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