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Affordability
When buying shared ownership how is affordability worked out? basically what percentage of a salary is required to be left over after the mortgage cost, rent, service charge, council tax bills, Utilities etc are paid to still be classed as affordable? Seems a bit of a black art as one HA will require a minimum salary of…
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Section 21 - Do I still have to give notice or can I just move on expiry date?
Hi all Well, for the 4th time in 4 years, I'm moving (3rd time the rental property I have been in has been sold). I was served a section 21 notice which expires on 28th May. Hmm.....that's a Tuesday and I am trying to complete my studies after 3yrs at college, not sure how I am going to manage that! Anyhoo......The house…
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Due to Exchange - Buyer Pulls Out
To keep anyone who followed my previous sale thread informed, we got to the stage where we were due to exchange and our buyer has now 'had a change of circumstances'. Obviously gutted as we may now lose our onward move (not to mention the fees that we have paid out thus far). Back to the drawing board :(
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Exchanging soon, next door neighbour's erected scaffolding covering part of house
Hi all, We're due to exchange contracts on the house we're buying fairly soon. Yesterday we driven past the house and seen that the next door neighbour has erected scaffolding, and a fair bit is in 'our' house's boundaries. This is to the point where it covers most of the living room window and most of the upstairs master…
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Letting agent hidden fees in contract after the offer was accepted
Hi, I am about to move into a new flat in London and have had yet another frustrating encounter with letting agents. I paid a holding deposit to the agents, knowing that their admin fee was pretty high - £345, which including references but not VAT - and assumed that would be all the fees. When I received a copy of the…
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Property Survey Issues
Hi everyone, So my partner and I are buying our first home. Everything was going to plan until today really. We have signed a contract with our solicitor who is holding it until we say to exchange. He had been trying to get date to finish everything of for April 17th. Had a letter today which now states that the vendor…
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Right to buy (council house purchase)
My Mother has lived in a council house for over 15 years, she is entiteld to buy the council house, she would get a good discount up to £150,000. But she cannot afford to buy the property. But I can, plus I am looking to get on the housing ladder. I have been renting since age 18 so have not been in the council property…
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Help needed with mortgage process
Hi, Please can someone advise me on this... At what point during the buying process do you have to agree with the mortgage provider what LTV you will be taking the mortgage at? For example.....If I had a 10% deposit when I get my DIP and start looking and the buying process takes a while and I therefore have more savings…
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Permission to access house via private road
My house currently has no access to the rear and I would like to purchase a parking space from my neighbour at the rear as well as put a gate into my garden. I haven't asked the neighbour if he would be willing to sell yet as I want to find out the legal issues first. Access to the neighbour's parking space would be via a…
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Mortgage company valuation 15k less than our accepted offer - what now?
Hi All, This must happen quite a few times... An offer of 245 was accepted by our vendors. The place needs some work doing to it (nothing structural) so originally we had offered 220 and told the vendors not to bother doing any work to finish the house off. They of course wanted the full asking price and this ended up with…
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Planning permission certificate not issued for an extension work in kitchen(Part P)
I am a first time buyer and we have progressed with the purchase of a property but it recently came up with a planning permission issue. An extension work had been done by the current vendor in 2005 for which they didn't manage to get the Part P certificate sorted by the builder/electrician, as a result of which council…
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Diary of 5.5 week conveyancing
Apologies for the epic post, but I wondered whether first time buyers / sellers might like to see exactly what goes on with conveyancing and the kind of problems that crop up, so I've posted the detailed diary I kept of our recent move. It's pretty dry reading, but hopefully might prove useful / illuminating to someone.…
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How can I obtain a copy of my head lease?
Hello, I'm a FTB in the process of purchasing a repossessed flat which I will live in. The conveyancing process seemed to be going smoothly until before Easter when the solicitor informed me that in order to complete the sale, all she needed to obtain were copies of the head lease for the building and fire regulations from…
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Struggling to wrap my head around Buy to Let
Hi, I’ve been recently considering where to invest, and it seems that buy to let is still a great (and very popular) option right now, especially when talking very long term. My main issue is that for some reason, I’m struggling to get my head around the maths. To massively simplify things, if I bought a house for £100k…
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what to do?
hi everybody. currently contemplating buying a house in the next few months... currently a full time student, I have £15k saved and have a job lined up from september and i'll be earning £21,588 the first year. Would it be best for me to stay at home for another year and save as much as possible for a better deposit? or is…
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is it possible to exchange and complete during the same week?
If need be?? Stressed to the Max would be an understatement.
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Part rent part buy others interested too
My husband has registered his interest for a 3 bed house that also apparently has another couple of people interested the housing association will choose a successful applicant on the 19th, we love this house and are wondering how good a chance we have of being accepted, we currently live a couple of miles down the road…
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Breaching Rental Agreement on purpose?
Would anyone know what the implications are of breaching a Rental Agreement? I'm in a property with a 12 month agreement 5 minths left but have had nothing but problems with the landlord who for ref does not have permission to Let from his Mortgage. Now I am also aware he runs his business from here. We constantly get debt…
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First time buyer : advice needed please
I am FTB and Offer accepted : 11 Feb Mortagage offer received : 10 March All searches completed : 15 March Spoke with EA, Solicitor everybody agreed to exchange contracts on 25th march and hoping to complete on 11th April ( vendor just moving into her son's house and not purchasing any other property) on 25th received call…
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Would it be better for DD to buy a flat or house?
My DD is looking to buy a property as a first time buyer. She will have a 40% deposit and in her price range can afford a flat or small house. She would be the only person living there for the immediate future. Would it be better for her to buy a flat or house. I have seen a lot of threads on here about the problems with…
