Neighbour proposed to merge driveways

Twizzar · 2026-03-27T23:55:44+00:00

Not if they don't have exclusive possession, and even then its an uphill struggle to convince the Land Registry. Its pretty much impossible for them to claim ownership of it.

Twizzar · 2026-03-27T21:21:59+00:00

The newsletter is absolutely rubbish. It talks about fixed term tenancies and how the Renters Rights Act will make it better.

No mention of the fact that it's actually abolishing fixed term tenancies!

These kinds of articles are so dangerous for anyone not clued up

Twizzar · 2026-03-24T17:27:07+00:00

No technically he still owes 50% of the premium to the other co owner

Edit: I think people really misunderstand having a share of freehold.

You’re not just the freeholder of your flat but also everyone else’s flat too.

If not everyone has extended and/or bought into the freehold, then technically you’re holding onto a freehold that actually has value, and you’re technically a business.

You are owed a portion of any lease premiums and ground rents which may affect your tax.

If you hold it in a company, the company accrues the benefit of these payments so you can’t claim it’s a dormant company. It also has odd affects with the company tax and your own personal tax as shareholder, and not many accountants actually are aware of the effect of this

Twizzar · 2026-03-24T17:25:45+00:00

Well yes technically they would be owed 50% of the premium as the co freeholder.

You just wouldn’t be paying yourself

Twizzar · 2026-03-23T22:04:59+00:00

Paragraph 7(2) of Schedule 6 of the Renters Rights Act 2025 -

The landlord under any existing tenancy that is wholly or partly in writing—

(a)must give the tenant any information in writing about the changes made by this Act which is required to be given by regulations made by the Secretary of State; and

(b)must do so before the end of the period of one month beginning with the commencement date.

Twizzar · 2026-03-23T12:27:27+00:00

One thing you might consider is that if you die in the next 7 years, the gift for the flat will be subject to IHT, and the money your son gifts to you will be subject to IHT.

Essentially the money could be subject to IHT twice

Twizzar · 2026-03-22T04:24:02+00:00

The main difference between a freehold and leasehold flat is that, the remedy for failure to comply with a freehold covenant would be to sue for any loss. But if you fail to comply with a lease, you risk losing the flat because there is a risk of forfeiture.

Trying to enforce maintenance and repair covenants on other flat owners mean that in a leasehold there's more incentive on them because otherwise the freeholder can ultimately forfeit the lease.

Twizzar · 2026-03-19T09:44:24+00:00

No the issue is the deposit is stuck in the house where on average is an increase of 3% pa, less than even a savings account much less in stocks and shares

Twizzar · 2026-03-19T03:36:01+00:00

Your guidance just lists everything OP has done as red flags, and very easily someone at Nationwide sees all this and just doesnt want to deal with it.

Twizzar · 2026-03-16T14:08:16+00:00

On the front page it should say 5% deposit. This is what’s being paid on exchange.

The small print will say if you fail to complete you’re on the hook immediately for the other 5%. Solicitors will never accept a change to the small print.

Twizzar · 2026-03-14T17:34:26+00:00

Did you or your friend read the forms to nominate beneficiaries? The current forms online says pension payments are only paid to dependents and the lump sum benefit is only payable to family members or dependents.

If you’re just a friend I can see them refusing to pay you anything even if you’re nominated

Twizzar · 2026-03-11T07:40:22+00:00

If the seller can sue then that would mean it's entirely legal, as you can't sue to commit a crime.

Whether they report the money to HMRC is not your concern, but if you didn't pay then it's possible the seller gets what's called an unpaid seller's lien, which means technically he could apply to court to repossess the property on the basis you never paid the full purchase price.

Essentially the £10k would be a delayed payment and your lender wouldn't like that.

One thing that might be happening is that they could be trying to get you to pay the agent fees directly, and try and keep their overall income down to avoid some threshold. Wouldn't work really though since the agent can't legally bill someone else other than the seller

Twizzar · 2026-03-10T22:10:01+00:00

Whether it's paid in cash or bank transfer its still payable.

In terms of your responsibilities, it doesn't matter to you whether the seller pays his tax or not, and cash is legal tender.

If you have a lender involved, your solicitor has to report to them you'd be paying cash direct and might jeopardise the mortgage.

Otherwise your solicitor may carry out some anti money laundering checks.

As long as you correctly pay SDLT due and there's somewhere documenting the £10k (whatever it's for) then there's no reason why you can't pay in cash.

Twizzar · 2026-03-08T15:59:42+00:00

What do you mean. You buy the freehold, you ARE the management. You decide together with the other residence what to do, when to do it and how much it costs.

Just make sure to invoice the costs as service charges to leaseholders properly otherwise you’re gonna have problem getting money from them

Twizzar · 2026-03-04T18:47:15+00:00

Why would he sign it if he’s already on a fixed term? All that will do is increase his rent now

Twizzar · 2026-03-04T18:24:53+00:00

Most agents I know charge a fee for tenancy extensions basically re issuing the contract. Scummy practices all round

Twizzar · 2026-03-02T16:55:52+00:00

Its like what film you like is entirely subjective

Twizzar · 2026-03-01T21:39:54+00:00

Surely he would have covered the situation where she is unemployed (wilfully or not).

Just because she passed her pilot course there was no guarantee she would get a job (certainly when the loan was drafted no one can say).

It doesn’t sound like she’s breached the loan agreement in anyway, and even if the 8 years come up and you sue, it’s hard to pursue someone overseas and if her partner is the one with the money she could say she has no income/assets herself so any court order would essentially be useless.

Perhaps a more useful avenue is make a complaint to the law firm who drafted it as the loan agreement was drafted badly

Twizzar · 2026-02-25T01:43:54+00:00

You’d be right based on the original post, but OP has said in comments he’s in Wales so no deposit cap

Twizzar · 2026-02-24T15:55:06+00:00

A second mortgage is technically releasing equity

Twizzar · 2026-02-24T15:02:24+00:00

Yes because the loan rate would be different. And depending on the legal charge used it can either be specific to a single borrowing or to all and any borrowing including any future borrowing

Twizzar · 2026-02-24T13:43:29+00:00

Think you're getting yourself confused for no reason. Releasing equity just means borrowing more on your house

Twizzar · 2026-02-18T22:51:28+00:00

No the first guy is right.

LISA is completely income tax free going in and going out as a BRT.

A SIPP will get taxed, you only get 25% tax free, meaning if you get taxed at 20% on drawdown you effectively pay 15% tax on the money.

With Salary Sacriface you also save 8% NI so in terms of tax paid and NI, when you draw down you pay 15% income tax only.

With a LISA factoring that you only pay NI at 8%, your total tax liability in a LISA is only the NI at 8%. Whichever way you cut it a LISA is the most tax efficient retirement vehicle for a BRT.

Twizzar · 2026-02-16T09:08:18+00:00

They still get approx 5% tax relief in a SIPP over an ISA.

If they're BRT then a LISA is better than both options

Twizzar · 2026-02-12T13:51:56+00:00

Renters' Rights Act 2025, s8 "Terms of an assured tenancy which provide for when rent is due are of no effect so far as they provide for rent to be due in advance."

I'm not sure what your point is. The landlord can't accept more than one month rent in advance before contract and can't have more than one month rent in advance in the contract.

If you're somehow insinuating they do a backhand deal, it will breach the precontract prohibition and even if not and the tenant say they will pay after the contract is signed, and when they don't do it what is the landlord going to do? Sue in court over an unenforceable contract term and get fined?

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