When buying a house what does it mean if the house i want to buy has a shorthold tanancy?
812945
it means it currently is rented by a tenant with a assured shorthold tenancy agreement, meaning they have a leagally binding contract allowing them to rent the property till the end of the fixed term of the agreement.
698539
Housing and Council Tax Benefits received make no difference to your right to buy.\n\nBut if you're still on these benefits, you're not likely to be able to get a mortgage.\n\nIf you've been on benefits before and are now working, there is no problem.\n\nPhone the Council and talk to a Right To Buy officer. (Or they might be called a SOLAH (Sale of Local Authority Housing) Officer.)
74115
Essentially you are borrowing money from the bank based on the value of your current home for the purchase of a new home.  The previous answer was correct but most banks aren't in the business of lending money for free, expect to pay some interest at least.  \n\nFor an example, I have a 3 bedroom home I want to sell and buy a 5 bedroom home.  I have a buyer for the 3 room and the owner of the 5 has accepted my offer.  If I sell my 3 first then I'm homeless or need to live in a hotel and put my things in storage.  If I buy the 5 first I'm paying 2 mortgages.  So what I do is borrow money to buy the 5 so I can move my stuff in and not be homeless, then when I get the money from the sale of my 3 I pay back the loan.\n\nThings to remember:\nYou'll most likely have to be in the process of closing both homes, in contract or whatever you want to call it.  \nIf you need to take longer there may be some kind of penalty.\n\nLook into a regular Home Equity product with no pre-payment penalties and no/low closing costs as a possible alternative.
939648
In the lender's eyes, an investment property is much riskier to provide financing for than a second home. However, you cannot just call it whatever you want to try to save a buck.\n\nAs "Mazziatplay" stated, it has to make sense. A second home would typically be in a vacation area, for instance. If it is less than a few hours away, why would you need a second home there? These are the type of questions that the lender will ask. \n\nThere is a reason for the three types of classification of your residence. If you're untruthful on your application, it is fraudulent, no if's, and's, or but's...
990834
It's called a bridge loan.  Most lenders can help you.  The risk is obvious if your current house doesn't sell in a timely manner at a price close to what you expect
1145249
Do you have a contract???  If you don't, either get one or move.  \n\nShe currently owns the property and you have no rights.  You may loose money, but it's better to loose a year's worth than 5 or 10.
774353
His ownership of it may not be transferrable to you unless they own it as a tenancy in common.  And even then, his share going to you may not guarantee you the right to live in the home.   \n\nIf they own it as joint tenants, it's basically one dies, the other one becomes full owner.  You get nothing.  \n\nYou really need to see a real estate attorney in your area to find out your rights and what you should do.
1229
why buy land that clearly had no purpose or meaning, clearly why it has been so long and you didn't keep up with the papers.  not trying to be mean but if it was just b/c u have the money share the wealth!!!!  but if i am wrong about all that good luck hopefully you may find the paper!
905983
No, I believe that your father is worrying unnecessarily.  I think that what has happened technically, from what you say, is that you are tenants in common with your father, having been left your mother's share of the property in trust.  It does not make any difference to your father's position, but I do think that you should take legal advice, as you may be faced with a nasty bill for inheritance tax.  The following link will give you a helpline.  It's worth a phone call to check up on this.  Under the present law, if your mother's half of the property is worth less than £275,000 then no tax will be due. When your father dies (which I hope will not be for a long time to come, by which time the law may have been changed), his half may also be below the threshold, so again would miss IHT. \n\n\nhttp://64.233.161.104/search?q=cache:6NomUA1DMqIJ:www.hmrc.gov.uk/cto/glossary.htm+probate+tenants+in+common+inheritance+tax&hl=en&ct=clnk&cd=1
888933
Normally, closing occurs simultaneously with possession.  The seller gives the buyer the check and gets the keys to the house, and that's the end of it.\n\nIf there is a problem that needs to be addressed, such as the seller needing time to move, the buyer and seller can agree on a rent-back arrangement.  They go to closing, and until the seller moves out the seller pays rent on the house to the new owner.  But both parties have to agree to that; it's not automatic.  And if the problem is that the seller is having trouble with getting the mortgage in place, closing is postponed until they can work it out.\n\nHope this helps.   Good luck!!
266942
I believe that you are asking from the UK.  I am almost positive that your 'parkhold' is dealt with under the same rules as Landlord/Tenant disputes for ordinary dwellings. See the Citizen's Advice Bureau or a Solicitor.  However, have you spoken to your 'landlord'.  There may well be a good and proper reason for making the move, ie., your safety, the safety of others, the provision of better amenities etc.
798682
you can not put something that doesn't belong to you in a will. If he has a landlord then he cannot put it in a will. So the land lord has done nothing wrong.
979518
The previous answer is correct except for the fact of this deed containing a "life estate". This means that the deed is in the name of the grantee as it was recorded, but that the previous owner (the grantor) has retained a life estate in the property. basically that means that the grantee can not evict, sell, or otherwise dispose of the grantor while they are still alive and wish to live in the property. \n\nI hope that helps a bit.
182727
You have to ask them if the house is available for purchse.
168804
Actually, nearly every state has laws that govern a legal concept called "adverse possession".  Adverse possession is a legally recognized way to gain title to someone elses land over time.\n\nThe requirements are very strict in most states, but it usually involves an "open and notorioius" possession of the land by the "squatter" to the exclusion of the owner over a period of years.  The number of years is a matter of state law.  Some states, like California, also require the squatter to pay the property taxes during the period of possession.  If you meet those requirements, you may still need to file a quiet title lawsuit to get legal title to the property.  You need to consult an attorney in your state for further information.\n\nThis concept is completely different from the idea of purchase property at a tax lien sale.  Both exist in most states.
776225
Giving the deed to your brother means you will lose all right to the property, yet be responsible for the mortgage/loan. \n\nIn a normal transaction, you give the deed to an escrow company (a nuetral third party) and the buyer puts his money with the escrow company. The escrow company then exchanges the money for the deed and you and the buyer walk away happy.\n\nRegards
9051
The bank would much prefer you to make your payments compared to taking on a property.  Talk to them.  A lot of times they can work out a deal.