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Cash Back
I am considering offering a "Cash Back" incentive to potential purchasers of my property. My logic is that most buyers are being asked to put down very large deposits before they can obtain a mortgage, thus leaving themselves with little or no savings/working capital after purchase. At least with a cash back promise the…
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End of 12mth AST
Hi My 12month AST is coming to an end within the next . I'd like to stay in the house but on a periodic tenancy. I have not been able to get hold of the landlord and the letting agency are pushing a 6/12mth tenancy No section 21 notice has been issued. Would I have to leave at the end of this 12 month AST if I do not sign…
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Keeping within a stamp duty band
Hi all, There is a house my wife and I are interested in buying with an asking price of £280k. It's been on the market at that price for 4 months. Of course, we'd prefer to get the house for £250k (thus only paying 1% SDLT). I haven't yet approached the estate agent, but plan on making a first offer of £245k. If this is…
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Chancel repair liability
Hello, My solicitor informs me the house we are buying requires indemnity insurance as its'within a parish which continues to have a potential chancel repair liability'. i believe this isn't uncommon. She states 'our charges for arranging the policy are £60 plus VAT plus cost of premium' . My question is -what will the…
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£100 for permission To Rent
I want to rent my house and on ringing Woolwich/ Barclays for pemission to rent they said that i would have to complete a form and send £100 that is not refundable if my application is denied, This seems a high fee , anyone else had this problem ?
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Divorce & Capital Gains Tax
Hi, I am curently going through a divorce and looking to buy a hpouse, my wife and kids will live in the matrimonial home for approx another 6 years. Will I have to pay CGT once on the matrimonial home once it is sold? If so can this be prevented?
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LHA - Changing borough - how long must you live in the borough?
Are you allowed to claim LHA for a borough that you don't currently live in. E..g you are currently living in the council of x and want to move to the council of y - does it matter? I heard a while ago that you had to be living in the borough/ council for at least six months before you could claim from that particular…
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transfer house as a gift
i bought my parents house under the right to buy scheme 6 years ago. i paid for it in one lump sum. the title deeds are still under my mothers name. i would like to have the house in my name. what is the best way to go about this and what tax liabilities arise? she lives in the house by herself. i have a note from my…
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How to agree a house valuation?
I currently live with a friend in a house which we bought together on a shared mortgage a few years ago. I am getting married shortly and will be moving out of my current house to live with my future spouse. We have agreed that my friend will buy out my share of the house and take on the full mortgage but we first need to…
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Council Tax Banding
Can anyone tell me how this works when you move? Obviously the banding is from the 1990s. I am currently in Band A which is 800 odd pound a year. This is for houses less than 40,000 (my house is now worth 120,000) For my newbuild house I will be the first to live in it so I would imagine they would band it as the price it…
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Part exchange on new builds
Does anyone have any experience of this? What sort of offer do they give you i would think it wold be alot lower than the market value but how much? Thanks
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Shared ownership flat (sublet or sell?)
Hi All I'm new so hello! I have a shared ownership flat I have a mortgage on half and have done for almost 3 years now. Now I am planning on moving in with my boyfriend and wondering what to do as I don't want to sell and make a loss and have no investment of my own and not sure I am allowed to sublet? Any advice can I…
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where to spend my 3k?
hi i have a 1 bed buy to let that i bought 2 yrs ago for 105k with a 15% deposit. my tennants will be leaving at the end of may when my fixed rate also runs out. the flat requires refurbishment/modernisation. My max budget is 3k. do i a> spend the money on a new kitchen/bathroom and paint/carpets? b> it has no central…
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Exchanging contracts tomorrow
Hi all, Wondering if any of you may know what we can do! My v. clever husband arranged with the solicitors to go exchange contracts tomorrow morning 9.15 - and has just announced tonight that he thinks we are supposed to be taking the deposit with us!! I know, I shouldnt have trusted him to actually have things ready and…
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buying the freehold of my flat
Hi I have been given the opportunity to buy a share in the freehold in the 17 apartment block where I live. Is this a good investment of should I stay as a leaseholder. If the majority of owners buy, am I forced to buy. or can I stay as a leaseholder. Basically I would like to know of advantages and disadvantages. Thanks
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tricky decision
I posted a couple of months ago but my situation has changed so I hope I can get some updated advice. My husband left me and our 3 boys last year and we are in the process of a divorce. He is renting a flat and I am in our 3 bed semi. We only bought it 18 months ago for 210K and our mortgage is 197k. Unfortunately it is…
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letting for a student + one non student
Hi, moving in with my girlfriend in september, which will be the start of my last year at university. We are looking for a single bedroom house/flat in the earlsdon area of coventry. Basically, we've not done anything like this before so are pretty clueless. To add to the confusion, im a student and she is not. So what i'd…
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Dylan Harvey Problems with Deposit
Hi, I invested a deposit with a company called Dylan Harvey a few years ago and I now am regretting it. I was promised a completion date for a development in April 2009 (by email confirmation) and the site hasn't been built yet! In their terms and conditions they state that there a no refunds but they are willing to…
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Housing Act 2004 - Tenancy Deposit Scheme
Hi there, I would appreciate some views / feedback on my case. I'm in the process of taking my former landlord to court. The situation is this: 1) The landlord has not protected our deposit. 2) We had difficulty getting our deposit back and it was only after a Letter Before Action that we received it back, a significant…
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FTB...Advice wanted!
Hi Myself and my partner are FTB's. We have £7k saved and have been okayed for a mortgage of £128000 fixed for 2 or 5 years at 6.79%. We have seen a house that we like on the market for £135k. Any advice welcome re: what to offer and whether it is wise to fix on this rate? Thanks in advance:)
