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house deposit
We are looking to do a buy/sell arrangement with my sister in law i.e. my wife & I buy my sister in laws house & she in turn buys ours...we are paying £85k for her house of which she owes £23k & she is paying £75k for our house of which we owe £64k. we are planning on using the £11k difference as our deposit as we…
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Principal Private Residence
Hi please could someone tell me at what point a 2 year Principal Private residence election starts. We exchanged at the beginning of June 2008 but completion did not occur till 31st July 2008 . Then we moved in and legally took up residence. I dont understand how an election can start at exchange if the previous owners are…
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Removing Names of Deeds
How does it work to remove deeds from house? Husband and parents joint names all on deeds, but husband solely pays mortgage, rates etc. Parents want to get names removed from deeds, hoping to get rent paid for them being in house. There is a secured loan on house so how would this work? Any advice or help would be…
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FTB - mortgage offer, searches done, what are we waiting for?
Hiya We have just had our mortgage offer accepted today, we will get the documents in the post in the next couple of days. All the searches are done. Valuation has been done too... There is no chain and the sellers are after a quick sale... What comes next? We have not had a completion date through yet. Thanks in advance…
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Buying and letting
I am buying the other 50% of a flat which I part own. I do not need the flat now but will in a few years time, may be 3 or 4 years. If I let the flat, what rate will I be taxed on, I am a standard rate tax payer. The flats like this rent out at £400 - £500 a month. Will the mortgage payments and service charges on the flat…
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To move or not to move?
I currently live in a lovely (but small)two bedroom bungalow with my partner. We want to start a family so our dilemma is whether to move or extend? Unfortunately things are not that simple! My partner has recently been made bankrupt so the mortgage would be in my name. Do we stretch ourselves and move or stay in a lovely…
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Private Renting - housing benifit advice
Hi, currently me and my girlfriend are living with my parents but we have decided we would like to private rent a house, I earn 18.5k a year but my girlfriend is on job seekers allowance! We have seen a house to rent at £475 a month but what I would like to know is would my girlfriend get any additional help money wise…
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Would you buy??
Hi there........I'm just after an opinion really. My parents are looking at a bungalow in the same town as they currently live (but its in a more accessible area - they're thinking long term!). The lady that owns it has gone into a home, and her nephew is dealing with the house sale. Its 3 bed, detached with single garage,…
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Relationship breakup - sale of property
New to the forum but wondering if anyone can provide helpful advice. My son split from his girlfriend of ten years 18 months ago. Its become a nightmare trying to get the property sale proceeded with (two houses) and a joint bank loan settled so that he can free himself of this relationship financially. He is in a new…
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Set up a company to save tax ?
Hey guys, I am letting out a property with expected annual rental income of £12k, and I will start to pay 40% income tax next year, is it worthwhile to set up a company to reduce the tax liability? If so, do I need to transfer the property to the company? Thanks, :money:
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HIPs, suspended but still been charged
Hi everyone A couple of months ago I was planning to sell my property and so had to get a Home Information Pack. I delayed actually placing the property on the market for various reasons and the HIP was never actually performed. The HIP assessor never came round to perform any checks on the property. I guess they could say…
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Signing over deeds/flat
Hi there, myself and a friend purchased a flat in scotland 3 years ago, the house and mortgage are in both our names. Recently i have decided to buy my own flat so my friend is now looking into "buying me out." How easy/difficult is it going to be to get the mortgage and deeds transferred into his name and what would the…
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HELP ME!! buying a repossesed house
I'm wanting to buy a repossesed house. It's on for 75k it's a mess & needs alot doin to it it's not even habitable. I don't know what to offer on it. I don't want to pay the askin price or shd I say can't spend more than 80000 in total on buyin it & doin it up what do I offer for a repo house do u have to give the askin…
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Copy of Long Lease
Hi, Does anyone know if there is somewhere that long leases are stored formally? Ie - my 100 year lease. I need a copy of mine and can't find it! Just wondered if the land registry or any other body may have lodged copies. Thanks KMMR
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10% Deposit for Exchange - refund?
Hi, we were in the process of selling our house and near to exchange of contacts. Our buyer made the 10% deposit of the sale price to her Solicitor on Monday in order to be ready for us to exchange contracts today. Today the buyer has decided not to pull out of the sale for various reasons, but does anyone know if the…
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Does time matter?
Just wondering if a house has been on the market a long time does it put viewers off going to look at it? Thinking "oh nobody else wants it, whats wrong with it?" I've had my house on the market for nearly a year now, with 4 viewings and I put a thread on here a few days ago and the general feed back was it was nicely…
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Vendors solicitors gone bust
You really couldnt make it up. On the day we finally get the all clear to exchange, our vendors call up and say their solicitors have gone under. Anyone know what the implication are? The Law Society has apparently stepped in and they have appointed administrators. Our vendors have appointed new solicitors. Does anyone…
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Advice on renting property with partner who has a bad credit history
Hi, We are moving house and I need some advice please! I am looking to rent a house with my partner, but he has a very poor credit history so would fail the credit check. We are moving because I have a new job (with a good salary and I have a good credit history). I have lived where we are for 7 years on a rolling…
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Historic Rental Prices
Hi Hope someone may be able to help with this. An elderly relative died in 2008. Since 1984 she lived with her daughter, leaving her property unoccupied. The house is now up for sale as the estate is wrapped up, however, there is a significant tax issue which it appears can be mitigated partially by offsetting the notinal…
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knocking down garage advice
hi, we are considering purchasing a 3 bed semi which needs modernising. it has lots of potential but the garden isn't particularly large, and a lot of this is taken up with a garage which also isnt in a good state. We would like to get rid of it to make the most of the space in the garden, but need advice as it is a double…
