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New to the House Buying, Selling & Renting board? Start here
✅ This board is for... * Questions about buying or selling a home * Questions about renting a home * Questions about being a landlord 🚫 This board is not for.. * Debating the state of the economy * Debating house prices in general * Political debates Note: In order to help keep the Forum a useful, safe and friendly place…
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Tenancies in Eng/Wales: Guides for landlords and tenants
post 1 This thread is intended to provide information to both landlords and tenants relating to Assured Shorthold Tenancies (ASTs) in England and Wales. Updated April 2020 to include the Coronavirus Act 2020 and July 2020 to include the Electrical Safety Standards Regulations 2020. Topics covered: Post 2: Repairing…
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Buy to let mortgage - CGT?
Apologies if this is a stupid question, I have never come across CGT and now a bit worried - can it apply if you sell a second home which has BTL mortgage, even though that home was never let (it basically stood empty for couple of years)?
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Buying share of parents house
My parents who are in their late 70's have a property worth around £400k with no mortgage. Until recently they have been living off a combination of savings and pensions but their savings have now run out so face the dilemma of either cutting back outgoings drastically or unlocking some of the equity in their home. I am…
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Approx costs for EICR, gas safe check and boiler service
Hi, I'm moving house in a couple of weeks and want to get the following done at the property: Electrical Installation Condition Report (EICR) Gas Safety Certificate Boiler Service It seems to make sense to have this all done by one person at the same time, rather than calling out different people, although I'm not entirely…
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Previous Coal Authority Subsidence Claim
Hi, We are first time buyers going through the motions of purchasing our first home which was built in the 1970s in South Wales which as majority know was notorious for coal mining. We have had the land searches back and it has been flagged by our solicitor that in May 1995 a claim was made for subsidence for £682.73…
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Solicitor held my money for 20 years should I get interest on top of the capital amount
My solicitors who acted in conveyance for me in a sale of my property just contacted me. They found they had accidentally withheld a significant amount of money on my file/account - unbeknown to me. They rang me to ask for my details to pay me the amount. After confirming it was the solicitors and not a scam they took my…
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Splitting proceeds of property sale
Hi, New to the forum and would appreciate advice on this. Husband and I are separating. Very amicable, remain friends and trust each other completely. Have not made a separation agreement as see this as a waste of money. Our kids are older teenagers, we earn roughly the same so intend to split everything 50/50. Have sold…
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Build to rent vs build to sell planning
Do build to sell developments have the same planning permission as build to rent. There’s a developer in my area who builds a lot of built to rent apartments and has recently started building another in the area which I am quite interested in. In response to a local resident who commented on the planning that this builder…
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Mundic block test
Hi my buyers mortgage lenders have asked for us to have a mundic test done. Fair enough but there was a test done 20 years ago and the house was found to have no mundic. The lenders know this but are still insisting. Basically the buyers won't get their mortgage without the new test, however it's totally unnecessary to pay…
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Question about buying a flat
Mum is buying a retirement flat. The vendors removed the free standing fridge freezer after we put offer in plus the other furniture. However where the FF was is a big hole in the kitchen flooring where it's either damaged when they were removing it or it was covering up the existing damage. Are we able to question this.…
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200% Council Tax for inherited retirement flat I can't sell, sublet or live in (costing £8K/year)
My mum passed away in December 2022 and left me her retirement flat as part of her estate, which was a 70% owned leasehold retirement flat. I've been unable to sell since it went on the market in May 2023, despite reducing the price in steps from £80K to now £55K. Since then the Housing21 management fees have risen 20%…
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Gas mains running along property - devalues?
Would like to get general opinion of you lovely people here. As it stands the mains gas runs through property boundary and runs all along from drive way, gap between house and fence and along the garden end. It is connected to at least 40 other properties behind this property. My question is does it devalues the value of…
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Negotiating price after survey
Hello, New to the forum and would appreciate feedback on this. My wife and I are in a completed chain and agreed a price of 375000 for a house with off road parking in a very busy area close to the city centre. The estate agents and vendor said, and I have in wrting, that the whole driveway belonged to the house. After…
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Window opening on to our property
We are the landlords of a commercial property which has a drive at the back for vans to access to deliver supplies to the shop. The property at the back of the drive have now installed new windows that open on to our land, we have told the owner that its not acceptable as the vans cars etc going up the drive will break his…
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Bank of parent capital gain worry.
So, 5 years ago we, civil partner and I bought a house for partner's son to live in, on the basis that he would buy it from us in a couple of years at our purchase price. We were, in effect, holding it for him. No rent expected or paid. Then Covid intervened and a couple of years have turned to 5. His income still limits…
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Buying with tenants in situ BUT leaving prepaid rent to previous owner to boost offer
My brother and I are working in London and have found a nice flat we would like to buy. The flat asking price is 675, we have offered 620 which was rejected. The flat is currently being rented with the tenancy expiring end of September. We are happy to wait until Sep to move in. As we are FTB we do not want to go above…
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Over paid rent. Do I have a case for refund.
During a non related conversation with the Estate Agent, who we paid our rent to, ie the Letting Agents, she informed me our landlord was thinking of selling the property we had rented for over 6 years. This was in Dec 2023. I asked obvious questions & was told we would probably not be required to move until late Feb 2024.…
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Buying property with VERY short Lease & Section 42 Notice Assignment
Situation I am looking at a leasehold property with a VERY
short remaining lease of less than 12 months. The asking price reflects the very low lease. I dont need a mortgage. Section 42 Notice has been served by the
vendor, who has owned the property for more than 2 years, and the rights under
the notice will be assigned…
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Certificate of Compliance - Management Company question
We have recently purchased a property in a Gated community containing 4 Free hold properties. In order to maintain the communal areas and Entrance Gate. One of the property owners have set up a limited company. Each property owner is a director of the company and chips in £31 per month to the company. The money is used for…
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TA7 Form and Share of Freehold
Hi I'm a first time buyer and have been reading the forum for guidance and reassurance and it's proved to be a useful resource but I have ongoing queries regarding share of freehold that appear to be difficult to find answers for. This for a 1 bedroom flat in a building with another flat. I've received the contract…
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First Time Buyer Getting Spooked - Daylight in Loft / Plaster cracks
Hello everyone. This forum seems really useful and hoping to get some of your opinions on a few things to do with a house I am looking to put an offer in on. I know things like these would come up on a survey but I want some informed opinions to see if I even want to get to that point as not looking for a project or a…