Judith Wordsworth

Registered with Property118.com
Monday 26th January 2015


Latest Comments

Total Number of Property118 Comments: 207

Judith Wordsworth

12:29 PM, 23rd May 2022, About A day ago

Right to enter an empty leasehold flat in emergency?

Look at your lease and it will tell tell you requirements for access arrangements. Is the owner local?
Re other questions: How old is the development? For those who purchased off-plan they may be able to do a collective action under breach of contract or claim under the NHBC. If they purchased without a mortgage did they get surveys done? If their solicitors didn’t obtain the correct paperwork incl building sign offs then maybe a negligence claim.
Did those that bought secondhand visit the property in person/have surveys/ have mortgages?
Some developers are better than others, but all developments have local authority regular building regs inspection and sign off during the build.
I take it that the developer is still trading? If you are saying that certificates were fraudulent then you’d have a legal case against the developers, maybe also the Local Authority and possibly your solicitors for lack of due diligence and possibly the mortgage surveyor. Again a collective action pools resources.... Read More

Judith Wordsworth

9:49 AM, 16th May 2022, About A week ago

CGT on selling a share of my Buy to Let?

Not sure if feasible but why not create a 999 year lease at a paper corn ground rent on the property and keep the freehold?
Sell the lease for the amount your tenants can raise.
Also a clause in the lease giving incremental or outright options to purchase the freehold at a future date.... Read More

Judith Wordsworth

12:51 PM, 14th May 2022, About A week ago

Tenant cannot quite raise enough to buy their home?

Reply to the comment left by Jessie Jones at 14/05/2022 - 07:25
6 x income for a mortgage will see a rise in repossessions especially as interest rates are rising. People have to pay bills,eat, and possibly have a life. But then there is an incentive for lenders as unlike in the 1980’s people in negative equity or in financial trouble could just hand over the keys and walk away. But no longer as liable for any shortfall that the lender sells the property for until the debt is repaid.... Read More

Judith Wordsworth

11:02 AM, 12th May 2022, About 2 weeks ago

Tenant cannot quite raise enough to buy their home?

Only thought would be a shared equity ie x% is retained by you. But not sure if they would then get a mortgage... Read More

Judith Wordsworth

10:58 AM, 12th May 2022, About 2 weeks ago

Levelling Up and Regeneration Bill gives Councils power over private property

I personally cannot see the rationale for double council tax on empty property as local services are not being used, nor on second homes as local services are only being used spasmodically.
Nothing to do with levelling up, which is a stupid phrase in the first place.... Read More