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1st Time Buyer - Survey issues - advice needed
Hi, I have been lurking here for a while and have now decided its time to pop my cherry and seek some advice. I am currently in the process of purchasing my 1st home, a 1930s terraced property in Bristol. However a recent survey has thrown up a few things that need addressing. Now being an old home i expected some things.…
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What has been your journey up the property ladder?
For those people that climb the property ladder, my question is this - what have been your ladder jumps so far? How long were you in each house and what is the price difference between them? Where do you see your next move being? So i'll start: We've just bought our first house for £140,000. In 4/5 years time we expect to…
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Who is the owner?
How do I find out who owns a private road? I've searched on the land registry site but you need a house address.....
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Advice Needed - Dodgy Developer
Hi All, Not sure where to post this, i think this is the right place... A certain developer was shown on TV's watchdog a few months ago but watchdog didn't really scratch the surface with this guy. Although their report was good and highlight what can only be described as theft (taking multiple deposits on a rented…
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Property Auction VAT question
Hey MSEers, For this here property im going to be bidding on it says... _____________ VAT - The SELLER has not made a VAT election _____________ 1.)Does that mean i wont have to pay VAT on top of my auction bid? (Its a flat to live in for me not business investment btw) 2.)Its a leasehold property does that mean the…
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Do all executors have to sign Land Registery?
Hi Hoping for a bit of advice. A relative is one of two executor's for an estate. There is a property which has been left to only one of the executor's (the other executor had already had their share year's ago). Probate has been granted, can the executor who has inherited the property apply for the property to be…
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Structural Survey - Finding who did it??
We were in the process of selling our house but after our buyers had a structural survey done they came across a few issues. This scared our buyers off and left us with a lot of building work to be done and no-one to buy our house. Having spoken to the builder who did the work and the Structural Engineer we hired they both…
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Try get your head around this?
We are looking to buy my Mother in laws house (family home). It was valued last year at 300k but after online and local research I would say more realistically 270K. The house was mortgage free. The idea was eventually the property would be sold and split 3 ways for inheritance to my partner and my sister in law. The…
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Buying a Repossession & not trusting the estate agent
Hi, Background - There is a repossession i am interested in buying. It is on for £210,000 and I offered £180,000. Flats in this block go for around £225,000 and I think with £25,000 work it can be made very nice for my partner and I to live in.I made an offer to the estate agent. Our offer is 100% cash. No mortgage. I…
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Problem with buying a leasehold maisonette and being the only freeholder too?
I wonder if anyone can help? I'm considering buying a leasehold flat that also comes with the freehold. It's a ground floor maisonette. The upper floor being rented out by it's owner to a couple. The flat was under offer, but the previous 'would be' buyers had a problem with owning both the freehold and the leasehold. It…
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Making an offer, help please.
Hi, We've found a house we really like. It was listed in April at £280,000 it is now listed at £275,000. The problem we have is they have extensively renovated and extended this home, so there is nothing in the nearby vicinity to compare it to in terms of what we should offer. Naturally at £275,000 I would want to get it…
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Planning permission to dig up pavement?
Do you need planning permission to dig up the pavement in the front of your house and to create a parking space in the front of your house? If so would a notice be posted outside the property? Reason I ask is that this is what is currently being done across the road as I type!!
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Getting my 'non refundable' fee back.
I have paid money on a rented flat which includes the estate agent fee and a holding fee. Unfortunately the intended move in date is not what myself and the estate agent (EA) agreed, it is much later. Obviously I am expecting it will be straight forward to get my money back as the problem was not my fault; in fact the EA…
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timing of funds being in place
We are due to exchange imminently with a completion planned in October. The mortgage funds are in place and I need to have a sum of cleared funds to add to the mortgage. My solicitor said that this money needs to be cleared and available a day or two before completion. As the sum is quite substantial and is currently in a…
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Reduce tax on sale of second home or transfer to son.
Hi everyone, first post so i hope everything is included as it should be. 4 years ego my mum bought a second home which she moved into and is now renting the initial property. She has mentioned that she want to sell soon or transfer it to me. If she sells she will have to pay CGT but what happens to the mortgage? How could…
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Building Regs
I intend to build a ground floor, single story extension onto my bungalow. The internal Sq Mtrs. will be 27.5. It will be out of block (Cavity) with a flat roof to eves hight of my existing property. No new openings made in the existing property, separate heating, now windows overlooking other properties. It is well under…
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Buying shared house from brother - SDLT liability and conveyancing in Essex/London
Have searched but been unable to find anything similar - there are two questions I am trying to get an answer about. The house is worth £275k, is owned by my brother and I. My wife and I are buying him out. The exchange is entirely amicable, my brother has never lived here and entirely happy with what we are paying him.…
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What happens between exchange and completion
Just wondering what happens between exchange and completion and what technicalities need to be covered? I know that:- -solicitor requests funds from mortgage co -I transfer balance to solicitor -solicitor arranges the indemnity insurance -I arrange buildings insurance from exchange date Would appreciate any advice on what…
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Parents wanting to transfer their property to me or at least part of it?
I live in Scotland. Only child. My parents are thinking of transferring part of their property to me and are confused by the options available. They saw a solicitor for a brief session and were advised that they could transfer the deeds to include myself i.e. the 3 of us are on the deeds. Then, for example, when one parent…
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Rant about part exchange!!!!
I just need to rant - I am soooooo fed up with my part exchange. Our house was valued at between 285-310k with advice to market at 300k and accept 295k. We found a new build we liked and there was only one available / built of the design so we agreed to a part exchange. As we had already had 5 estate agents around, they…
