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Deed of Trust: how to be fair!!! Help please
My partner and I are buying a house together. I am putting up 20% deposit and paying all the legal fees and stamp duty. We're both named on the deeds and will pay the mortgage repayments 50/50 We're not married and the deposit was a gift from family so we are looking at a Deed of Trust to make us tenants in common. What do…
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how to transfer house ownership?
hi a friend of mine lives with her mother, who owns a small house which she rents out. her mother now wants her daughter (my friend) to become the new owner of the property, how best can they achieve this? thanks molly
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What's the typical period notice you need to give an agency to finish your tenancy?
Hello guys, I've always been living in shared accommodation and looking to rent my own place now. I was thinking that you could rent your own place for a minimum period of let's say 6 months and then you could move out with 1 month notice? My doubt is if that's usually the norm or not. Asking because I saw a current…
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Second Mortgages
Hi, My husband and I own a 50% share in our current house. We bought it back in 2006 with a very small deposit. The house at the time of buying was £163k, our deposit equated to 3% resulting in us acquiring a mortgage from Halifax for £79k. The house prices crashed and we started to be in negative equity, easily done with…
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FTB- Home buyer report has arrived - next steps!
Hi everyone, Hoping for some advice on next steps. We have had an offer accepted on (hopefully) our first property and we've just received a copy of the HBR and mortage valuation. (Apologies in advance for the length of post!) There's been a couple of issues flagged up which I'm hoping to get some advice on. The mortgage…
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Extension on house
Hi everyone, So we are buying a 3 bedroom house that has a garage attached. The house was built in 1975 so is not that old. We are hoping to build above the garage to create an extra bedroom and increase the size of the bathroom. Our builder has been round, and pending the structural engineer drilling his little holes, he…
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Offers in excess of...
Hi Everyone! When houses are advertised as 'offers in excess of' is this to be taken seriously or is it a tactic used by sellers/EA to try and guarantee a minimum price? Seems like a strange way to market a house to me as surely you've told buyers what you'll sell for and they're not likely to go much over (naiive FTB here…
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Landlord changing Agents
Hi all. We moved in to this property in 2010. the agent wanted one months rent and one months deposit in advance. We gave him the deposit and he just gave us a paper receipt. I now know this isn't whats supposed to happen, he was supposed to put it in a Rent Deposit Scheme. I think thats what it's called. A month ago the…
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Rented Apartment being Repossessed
Hi, I just got back from holiday and have a letter from a solicitor advising me that my landlord is being taken to court for repossession of my apartment. I just wanted to get a feel of different options so I know what is available to me really. I have read online that I don't have many rights about staying here. I have a…
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FTB Help With Gifted Deposit
Hi, I realize that this is a question that has come up many times, but despite my best searches I have been unable to find any advice on my abnormal situation. My girlfriend and I are looking to buy our first home together, we have been looking for some time and think we have found a perfect house. My situation changed…
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Help needed- Shared ownership or back to back purchase?
Hello, I'm looking to buy a shared ownership property but am wondering if I should buy it outright instead (it's in London). It is a resale, FMV (on the HA website) of £215K, owner is selling his 25% share. If I go the shared ownership route, I have enough savings to buy the 25% outright with no mortgage, so all I would…
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Extending lease and selling flat
I have a buyer for my flat and am also extending the lease, the lease extension is nearly complete, everything is agreed, does the lease extension have to be complete, executed and paid for before exchange of contracts on the sale of the flat can take place?
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Ok to directly contact sellers solicitor?
Quick back story, We were "supposed" to exchange last week. We signed our contracts on Monday, then our solicitor spoke to the sellers' and they agreed time scale and sellers solicitor suggested it should be in "a day or so", so we paid our 10% to our solicitor and waited. Nothing. Our solicitor had heard nothing on the…
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question on letting rooms to lodgers
hi all what is the deal with renting out rooms in a property? let me explain, i have a 2 bedroom flat and i want to let out the rooms to friends that claim shared room allowance. is there a limit to how many people can occupy a 2 bedroom flat? would 2 people in a bedroom be allowed? what about if the lounge was used for…
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Urgent help needed on selling
Apologies for the length of this mail. I lost my Dad after a long illness recently. My Mum is 80 and cannot live on her own. The plan was to sell my mums house, rent a property while the work on my house was done and then we would all move back to my house. My Mums friends who live nearby, their son is buying the house.…
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Is this normal on new developments?
we are interested in a new development. They don't have a show home in the design we want but are plastering etc one and therefore nearly finishing this style home. we asked if we could just have a quick look in the house for its size but was firmly told no one could enter the houses currently under construction. The only…
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How much to offer?
Saw a house today which we liked, but due to the lack of similar properties sold in the area its difficult to know what to offer. Listed on rightmove for £280K-£300K (which is annoying). A house in the same road sold for £275K 12 months ago, and was in similar condition. The house needs a lot of work doing to it and we…
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Exchange of contracts can seller pull out after signed
Hi I'm buying a listed building from a seller who purchased it at auction from the local council at that time it had a clause that it had to wind and watertight before he could sell it again, the council visited last week and this is not been done, the council and the sellers solicitor suggest we exchange contracts and I…
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First time to rent
In student accommodation & will move out soon when finish Uni. Looking at studio apartments, one I like is big room bed & lounge in one, I'd prefer separate rooms. Anyone else in one with that in 1 room? Some are separate but slightly more pricey
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We really want your house!
Dilemma We really want someones house , we have viewed it 3 times , but due to naievity and the fact we havent sold as quickly as we thought , we havent been back for 4 weeks subject to selling ours we offered 175k on their house , they bought it in late 2011 for the same , it was up for 189995 , at that time the EA said…
