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How to buy/deal with a very motivated seller
Hi all, this is my first post here so please bear with me. This is our situation, I hope someone can offer me some advice. We are FTB and have a mortgage in principle for a 95% mortgage, so we need to buy on the cheap. We have our solicitor sorted and a few surveyors in line. We're in no rush but we'd like to move from our…
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Last purchase price not showing up on sold house price sites?
My sis-in-law bought her house in 2008 and is currently selling it. I wanted to be a bit nosey and find out what she paid for it without asking her directly so I went searching for it, but none of the usual 'sold house prices' websites have the 2008 sale listed on them, but they do have the previous 2 sales of the property…
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Best and final offer
Hello All, So my tale of woe.... We put an offer on a place, at asking price, because we really loved the property. The asking price was low for the area (80k), but the property had recently been put on at auction and did not sell for a reserve of 77,500. I hypothesised that it was because the place has an odd layout and…
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Cooling Off Period Estate Agent
WHat is the period of time for cancelling a contract signed with an estate agent? I ask as clearly fees are quite considerable, but it might be that we have a private seller contacting us directly. If we do get contacteddireclty and it is something she is interested in buying then as contract was signed a day ago are we…
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Remortgaging - but a Deed problem.
This is my first post so apologies if this is not the best Forum. As part of a divorce settlement over 15 years ago, I was forced to accept a Trust Deed upon my (formerly joint) property. This deed states that upon the eventual sale of the home, a third of the proceeds would be put into a Trust for each of my sons to be…
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AST vs Statutory Periodic Tenancy
From a tenant's point of view, if the rent is to remain unchanged and the existing AST already stipulates 1 month's notice to be given by tenant and 2 months by LL, there is no difference when an AST runs onto Statutory Periodic. However, are there any implications from the LL's side, eg with mortgage provider or…
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Divorce/property
Hi I married 18 months ago, and things were not right to put it mildly!! Knowing a divorce may be immenent, I transferred my marrietal home (which was in my name) and my other property to a family member that I could trust. This was a year ago. She now wants a divorce. Does anyone know if she would be entitled to these…
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How long before a property is marketed actively
My property was taken on last Wednesday, sent them the EPC Friday, am i being unreasonable to have expected my property to have been actively marketed on the EA's website and Rightmove by now.
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Extending the lease on shared ownership property.
Hello, I've just joined this forum as I have a question regarding extending the lease on my shared ownership property and haven't been able to find an answer anywhere. I own a 50% share in a 2 bed semi in the south of England and want to extend the lease as its just dropped below 80 years (it will fall to 78 years, January…
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Foxton renewals commison - would I have to pay them ?
I used foxtons tenant find service last year to rent out my house for a year. I was wondering if anyone knows the implications of the OFT ruling agaisnt foxtons if my tenant wants to stay in the property and rent privately from me thus avoiding an extra set of fees for doing....nothing. Here is the stuff on the OFT website…
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Strange Suggestion ?
Hi Everyone :) A friend said to me that she has just had an offer on her house for the full asking price but the offer is subject to her gifting the deposit to the buyer ??? Ive never heard of this before, Just she has said the buyer has not got the deposit needed for her house but can easily afford repayments etc so the…
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Conservatory without planning permission or building regs
Hi All, We are just about to exchange contracts on our FTB and have found in the report that the conservatory does not have planning permission and There is no paperwork for the current conservatory. I have tried to find out more on building regs for conservatories but have found differerent info. I have read different…
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Can I Borrow an Unsecured Loan to Pay My Deposit on a House Move???
Recently me and my partner had our 3rd child and as a result we need to move from our current 3 bedroom home into a bigger 4 bedroom house. Our home is on the market and we have found a perfect new home which is ideal for our needs and is also a repossession meaning the sale price is much lower than the norm.…
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terrible problems with landlord,now concerned about deposit.
we have had endless problems with our landlord,mainly due to his failure to repair leaks and damp.we have had to get a solicitor involved but he has finally agreed to surrender the lease(16 months early).we just can't deal with the stress any more.now i am concerned that he will delay the return of the deposit(it is…
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Housing Association Eviction..
Hi All, Just a quick question. I'm in a really bad situation. I have been living at my flat/bedist since August last year.. Housing benefit covers the rent, but I pay a service charge of 5 pounds per week. I have never paid any of the service charge, (my fault I know) They said they sent me a date to go to court which I…
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When to pay deposit when buying a house
Say I'm selling my house and buying another, when do you put down the deposit on the house you are buying. E.g. If you were buying a £100k house at 60% LTV, when do you stump up the 40%? A colleague of mine said you need to put down at least 10% in cash as a deposit to keep the chain together even if all your money is tied…
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conveyancing
Daughter is buying her first flat. Ringing round solicitors has produced suggested fees ranging from £450 to £750 plus VAT. The cheapest offer is from the co-op who say they outsource to a firm called Optima. Any thoughts on this arrangement? Seems daft to go for the expensive option but does outsourcing involve any…
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Problem with Letting Agent
I am a landlord currently experiencing a problem with my letting agents. They are currently withholding all rent from me as they believe I am a non-resident landlord (I do move between UK and France). Whatever my residency status, are they entitled to withhold ALL rent from me until the HMRC confirms my status, or should…
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At what stage do you instruct a solictor?
Some of you may know me from the riveting "what is a reasonable fee?" thread that I started a week or so ago. You were all so helpful on that one (we've signed up to House Network rather than the local incompetents who call themselves estate agents in case anyone's wondering) that I've decided to let you all loose on my…
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Water Drainage Rate prices?
I've recently purchased a property and as it is currently unoccupied, there will be no water rates. However, Severn Trent have told me that due to the size of the land, the Water Drainage Rate will be roughly £1,700. I was just wondering if there was anyway to reduce this cost/save money? Thanks for your time :)
