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Unsure whether to switch from Airbnb to Long term let
Hello, Currently have a Airbnb with a 5 star rating but have a nice guest who wants to let it long term. As the holiday met rules are changing next April, I’m wondering whether to change! Rent is 1300PCM and the Airbnb makes 100-200 more including expenses. I’m concerned that if I do switch, when I come to sell I’ll lose…
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Shared ownership single applicant but married
Hi all, I have had a mortgage/decision in principle sent forward to a housing association for a shared ownership property with a 10% deposit and I applied the first day the applications opened. My wife is pregnant and will not be working and being a stay at home mum, so I will have two dependants on my salary which has…
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Helping daughter buy a property?
I’m trying to think of ways to help my daughter get on the property market, she currently pays over £1300 in rent & while she has some savings for a deposit it’s small & her maximum mortgage offer is £270k , however the best property deals seem to go to cash buyers. Is it feasible to lend her the money to buy a property…
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Do mortgage companies insist on buildings insurance with subsidence cover?
We has a prior movement in the property which was monitored from 2018 and addressed and a certificate of structural adequacy issued in 2021. No further signs of movement on the original area. Insurance company has continued to cover the property but has excluded subsidence. I am now selling. Will my buyers mortgage company…
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Selling mum’s home - how to deal with lack of paperwork, regulations or planning
In the next month or so we will have to put my mum’s house on the market to pay for her care home fees. I have power of attorney for her so am going to do it all on her behalf. She still has capacity but feels unable to cope with all the paperwork etc. The LPA allows for me to do this. My stepfather passed away last…
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Structural Survey Back on Buying a House - Advise
Hi all, Just had level 3 survey back on a 3 bedroom terraced house, overall not to bad few condition 2s which can be are more long term things to keep an eye to maintain or easy fixes. Conclusion wise the surveyor has stated Overall, the property is in a satisfactory condition, however properties of age generally require…
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Selling - Open market or modern method of auction(MMoA)
Have researched on the internet so I understand the mechanics, but would like to hear from people who have experienced the MMoA. Inherited property, detached bungalow, circa £300K aged mother in-laws house so quite 'tired' needing work at some stage. My worry is the estate agents are pushing hard on MMoA, which they would…
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Cash gift offer to vacate rented property early
Hello MoneySavers A couple of weeks ago I received my Section 21 notice as the property I rent has been sold, with an assurance that if I were to find a place to go beforehand the landlords would be fine with less than a month's notice. I said ok much appreciated, but haven't looked for anywhere else yet, and have now been…
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neighbors lean to building guttering in our garden
I had an elderly neighbour who sadly she passed away recently leaving property to children who are in the process of selling it. When I brought the property (we did not notice this when we brought it) we discovered later that the guttering to neighbours lean to extension (our fence side) is in our garden and the rain water…
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Gas Boiler Annual Servicing with social landlord - threat to cap supply
I am a social tenant. I rent from Orbit Housing and the annual gas boiler servicing is done by Robert Heath. Every year I have my boiler serviced as per the legislation. Every year I have trouble getting people out to do the job because the contractors never turn up as agreed. Last year when I had trouble I rang my…
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Completing on Friday before Bank Holiday Monday?
Guess I’m looking for reassurance! I think I am over-worrying about things all going wrong at the very end. situation: 4 parties in the chain, we are number 2. Our buyers are cash buyers with the money in the bank. I’ve always preferred to complete on a day that isn’t Friday, just in case anything goes wrong and then…
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Renegotiating price after survey pros and cons
Could somebody shed a little light for me? Buying a 3 bed semi circa 1936 survey has come back today to say the whole property needs repointing, in some Places has significantly failed and already causing damp in a few places in the home and the chimney brickwork is a mess. Estimated cost for repair £4.5-5k. Surveyor has…
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Prospective buyer only gave partial information on a survey
Buyer had their survey done before putting in an offer. Survey pulled up lots of silly little things on some of the newer work, with only one slightly valid point, typical stuff for surveys I guess. However no comments on areas where I was definitely expecting a lot more feedback compared to the newer bits. There is still…
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LANDLORD DEDUCTIONMS AT CHECK OUT
I rent out a house. I installed a new loo seat £35 2yrs ago at start of tenancy. On check out, theres a small chip from the loo seat. Can I seek to deduct £35 from the deposit? Going by TDS, it isnt "betterment" as was new at start of tenancy. And isn't wear & tear. But it doesn't deem it unuseable.
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Does a seller find out a lender’s valuation?
I’ve seen a few posts about people getting into difficulty when a leader values a property below what the agreed purchase price is. Obviously this isn’t a problem if the lender values the property for more than the asking price. My question is does a seller ever find out the lender’s valuation? Or would they only know this…
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Capital gains tax query
Hello, I'm trying to decipher the capital gains rules and getting super confused so would be grateful for any help in understanding what I would be likely to pay should we choose to sell. I am looking to sell my primary residence next year. So far so simple...HOWEVER I fall into one of the exemptions....Whilst I am a…
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How long should you wait after making an offer?
Offer made on Monday. Flat in London, asking price in Nov was over 400k, sale fell through and came back on the market with guide price 425k. Made offer under 5% off asking price. Not heard from EA and do not wish to appear too keen. Can easily walk away. I assume he is arranging more viewings over the weekend before…
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Completion Money Lost From Mortgage Lender
Looking for advice on what to do and who is liable. My mum was due to complete on a house on Monday 15th April. This has still not occurred as of today Wednesday 17th April. As you would gather this is a huge issue causing immense stress to her and her partner, they are currently hopeless and are being told by their…
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Neighbour selling house, hasn't paid for shared fence costs
Hi all, looking for advice on how best to deal with this situation. My deeds state that our fence is a shared responsibility with neighbour. I spoke to my elderly neighbour who was happy for it to be replaced as very old and leaning. In the interim he then moved into care home and I dealt with his daughter about it. She…
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Father died leaving two lodgers in his house
I’m really hoping I can get some advice as my fathers solicitor has been unable to advise and I’ve posted elsewhere where I’ve had unhelpful answers very sadly my 79 year old father passed away suddenly at home on weds and he’s left me with a bit of a mess to sort re his house Dad owned his house outright and had two…