What is the 4 year planning rule?
The ‘4 year rule’ is a term used within town planning, particularly within the planning enforcement specialism, regarding whether enforcement action can be taken against certain types of development (that require planning permission) carried out in breach of planning control.
Can someone live with you without being on the mortgage?
At some point when living together, you may agree with your partner that your name be added to ownership of the property, so you and your partner share the ownership. If your name is not on the mortgage and you are not married, this can be the best option to establish a financial and legal interest in the property.
Can a handyman renovate a house?
They are the jack of all trades! Normal home renovations mostly include, repairing ceiling and roofs, changing the flooring such as tiles or carpeting, safety in and around the house, all the electrical work, drain repairs, plumbing installation and fixing, and even just remodelling to name a few.
What age do banks stop giving mortgages?
Many lenders impose an age cap at 65 – 70, but will allow the mortgage to continue into retirement if affordability is sufficient. Lender choices become more limited, but some will cap at age 75 and a handful up to 80 if eligibility criteria are met.
Is it worth renovating a house before selling UK?
It is an excellent idea to renovate before selling, but remember not to overspend on your renovations. Remember that you are going to sell your property, so just cut down a bit on your renovation budget. A few fixes here and there would be enough. Do not spend more than the value of your property.
How much funding do you get for a house flip UK?
With regards financing a house flip, a more experienced property developer might be able to handle this with cash and a bridging loan. A traditional mortgage is unsuitable for flipping as they are offered for long term purchases and sometimes take a while to arrange, so bridging loans are ideal for flipping.
What is the 4 year 10 year rule in planning?
Breach of planning – the 4 and 10 year rules Any other breach of planning control, enforcement action must be taken within 10 years beginning with the date of the breach. This 10-year period applies to material changes of use and a breach of condition imposed on a planning permission.
What is the 10 year rule for no planning permission?
What The 10 year rule covers. The 10-year rule covers any breach of use of land or buildings (excluding dwellings) which has not been challenged by enforcement action for the period of at least ten years.
What happens if you get caught living in a buy to let property?
Although it’s not possible to gain permission to live in a property for which you have a buy-to-let mortgage. If you are caught living in a buy-to-let property and can provide an understandable reason for doing so, a lender may simply ask you to change your mortgage from a buy-to-let mortgage to a residential mortgage.
Is rent to rent legal UK?
More often than not, rent to rent is in fact illegal. Most Assured Shorthold Tenancy Agreements (AST) specifically exclude sub-letting without express consent with a clause such as: “The Tenant hereby agrees with the Landlord not to sublet or part with possession of the property.”
How much can I extend my house without planning?
Larger home extension scheme Now, homeowners wishing to build larger extensions can simply apply for prior approval. With prior approval, you can extend a detached home as far as 8m for detached houses and 6m for other types of houses.
Can you sell a house that needs renovation?
A different route you can take rather than selling through an estate agent is to sell your fixer upper through a property auction. The main advantage to selling this way is that bidders will now that the house is in need of significant repairs and upgrades and will not be put off by this.
Do you need planning to renovate?
Most renovations and some extensions under a particular size may be exempt from having to obtain Planning Permission. If you are thinking of changing the appearance of the house, or if a substantial extension is planned, Planning Permission will likely be required.
What age is the best to buy a house?
When you’re in your middle years or older, chances are you’ll have a higher, steadier income and a better idea of where you’d like to settle down than when you were first starting out. You’ll also leave yourself time to build excellent credit, which may qualify you for the best available mortgage rates and terms.
Is it worth decorating a house before selling?
Serious potential buyers won’t be interested in how tastefully you’ve decorated your house. If anything, the less cluttered your house looks the better, as you want buyers to imagine living their own lives in the property.
What is the 4 year rule?
The ‘4 year rule’ is a term used within town planning, particularly within the planning enforcement specialism, regarding whether enforcement action can be taken against certain types of development (that require planning permission) carried out in breach of planning control.
What is the 10 year rule for building Regs?
In planning, the 10 and 4 year rules are essentially rules that dictate when a Certificate of Lawfulness can be used in order to gain retrospective planning approval on a project that may or may not comply with the planning framework but never applied for and received permission, for whatever reason.
What is the largest extension without planning permission?
Single storey rear extensions can be extended as far as 4m for detached houses and 3m for other houses. This can increase to 8m and 6m, respectively, with prior approval. Double storey rear extensions can go as far as 3m from the original house as long as it’s more than 7m away from the rear wall.
Can I use a bank loan to pay rent?
If you choose to use a personal loan to pay for rent, you can. Personal loans are generally offered by banks, credit unions, and online lenders. Since some financial institutions don’t dictate how you spend funds, you can also use a personal loan to pay your rent.
Can I live in my own buy to let?
You can’t live in your own buy-to-let property – these mortgages are designed for landlords. You’ll need a standard mortgage for a home if you want to live in the property.
