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Paying off debt in lump sum before applying for mortgage
Hi all, My partner and I are looking at buying a house together. I own my current house by myself. Income £70,000 combined per year. In total, combined, we have around £28,000 of debt.Mine being £12,000 (2 personal loans taken out for home improvement - set monthly payments). 2 credit cards if needed but don’t utilise them…
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Should I buy freehold?
Hello, I live in a maisonette, one of the four apartments in a property. The leasehold has 990 years left. Now the landlord who still owns an apartment considers to offer freehold and other two neighbours are very keen. Can anyone advise the benefit of having the freehold? Is there any responsibility against it? I live on…
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My property fraudulently offered for rent
Hi Everyone, Many apologies if this post unsuitable / mis-posted. I'm a bit stuck with where to direct - any advice enormously appreciated.... It seems my property and others in my street (perhaps elsewhere locally?) are being falsely offered for rent on Facebook (maybe on other platforms as well). I haven't been able to…
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Can a flats residents association get a bank loan for major repairs?
I live in a flat complex of 50 flats where the structure is that we all own a share of the freehold. We need some major repairs doing on the roofs, they might need replacing completely. This could cost up to £200k. We all pay about £100 a month service charge, and unfortunately there isn't anywhere near enough in the…
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Section 21 Invalid
Hi any advice is welcome. I have been given a section 21 and I have made sure all the correct documents were included and everything has been done correctly. The only issue I can see is that the agency I have my contract with is not the agency name that appears in the section 21 or the cover letter. They may have been…
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Affordable housing
Have a query about "affordable housing" How exactly does that work. Surely the cost of a house is governed by the free market Say for example there's a nice house in a nice area. Young professional couple think, this is where they want to raise their children and their family. They have saved, work and can afford a…
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Advice re withholding of deposit paid
My son left his rented house on 20 February and has not had his deposit back yet. The house was rented via an Estate Agent for a private landlord. 8 weeks after leaving he received an email detailing the cost of some things the landlord has paid for since he left, however, we disagree with the amount of money he is…
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tenants in common or joint tenants?
I advised my son and DIL to change their house ownership from joint tenants to tenants in common, thinking of possible future care fees. they have two almost grown sons who would inherit from each. I'm now wondering how this affects CGT as the sons will no doubt leave home at which point CGT will kick in. can they mitigate…
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Oak Tree on Purchase Property. NIGHTMARE!
Good afternoon. I was after some advice, general validation and a place to just vent! We're close to exchange on a property we're buying. The property in question was part exchanged by the original occupier to a property developer as they decided to buy a new build. We're buying the property from the developer. About 3…
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Another "what to offer" thread (sorry)
We have
been looking for quite a while to buy somewhere and haven’t found anywhere we
really like. We viewed somewhere recently that we know we could make great for
us. The problem is it’s been advertised as “high spec”/”needs nothing doing”
etc. Looking at the pictures from the listing it looks amazing but we went to
view…
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House offer for dad - guaranteed-chain cash buyer - was this offer too low?
Hi all Just wondering people's opinions on an offer I made that was rejected and whether it was fair considering my dad's position. I've just been helping my dad search for a house due to his current mortgage-free house being purchased by a developer for a large regeneration project. They will tear it down and build over…
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When can I move energy supplier?
I complete my purchase on Friday and already know that I want to switch energy supplier. Current owners are with EON. What do I need to start the switch? A bill from EON or just the MPAN reference? I was hoping to start the switch pretty much as soon as I complete but not sure if that’s possible.
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House not moved and kids starting new school - what would you do?
So, we're planning to move. Applied for new school for daughter (whos 10) and, at least, that all looks ok. BUT, this is september. We're just thinking what on earth are we going to do if the house is not sold, not moved into old one? Anyone had this? The new school is 45 mins from where we are now so, since we both work…
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Letting a property help needed. First time
Hi guys Can someone help me. My sibling who is part owner of a family house wants to let it out for extra income . Which we all don't mind. She works and on a standard job paying around 26k a year. Rest of us have no objection for her to make some extra income. We don't want it. So how does her taxation work. Would her…
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Looking for some tips as a parent of students who are entering letting market (Scotland)
Both children are looking to rent properties for the next academic year and looking for any tips that others can share. Thanks in advance.
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Is my moving cost estimate approximately right?
Hi I'm just trying to work out my moving costs, just as a ball park figure, realise that prices wont be exact but have used this online calculator and its coming out at £23K so I was going to budget £30K. Is there anything that the below calculator misses or looks wrong? Just don't want to under budget!
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Lenders valuer is factually wrong. What can we do
I am trying to sell my house. Had an interested buyer a month or so ago, everything was going well. The buyers lender sent their valuer in as is normal and expected. However, the valuer reported the presence of a steel frame, no problem, but he also reported spray foam insulation. There is no spray foam insulation. I have…
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Restriction on title delaying sale
Hoping someone might have been in a similar situation and has some advice please. I am in the process of buying a house and completion is being delayed due to a restriction on the title - this is related to a historic loan the sellers have fully repaid but have no paper work showing it's been paid off in full. Seller's…
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Stamp duty for first time buyers
Hello, I am struggling to find online what stamp duty do we have to pay if I am a first time buyer but my partner has already owned a house. Does the standard % apply in this case or are we eligible for some relief? Thanks.
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First time buyer land tax relief form
Hi, there is a common form to compile when declaring the land tax during the house purchase, solicitors don't provide consultations about that, so I wonder how it works. I'm purchasing an house less than 250k in England, I satisfy all the requirements to avoid the Land Tax, but does this mean that I can claim relief (FTB…