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Selling via Lease option
I have a leasehold (113 years remaining) apartment up for sale, no mortgage on it.. This apartment is a niche market , there is bouyant rental traffic for them, but selling can take a while. The property has been on the market since Jan, a few viewings but no bites as yet. However, I was approached by some kind of property…
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can payday loans affect my chance of renting a new house?
so basically weve decided wed like to move and found a much nicer house at the same price as we are currently living in. we have filled out all the relevant forms etc and sent three months worth of bank satements and pay slips as the agents (london property investments) have asked. over christmas i (stupidly) took out a…
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Quick question on renting...
My wife and I are about to put our house up for sale. To circumvent the problems created by a chain (it'll be our third purchase and we know all too well what a fraught time it can be), we've decided to move into rented accommodation once we sell the house so that we can then look for the property we want, without the…
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Tax implications with selling properties
I am soon to be divorced and will have to sell the family home as a result. I will take 50% of the equity which I intend to invest in another property. My plan is to buy something that needs work and hopefully sell on a for a little profit. I intend to continue to do this until I have enough funds to purchase an ideal…
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Do we start looking at properties now? Deposit not in place until mid October
We are FTBs. A large part of our deposit is in an account that doesn't mature until the middle of October, so we can't access it until then. We assume we can't complete any earlier than then, and on that basis we initially thought we probably wouldn't begin viewings (and potentially submitting offers) until July at the…
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Tax implications when selling a property
I am soon to be divorced and will have to sell the family home as a result. I will take 50% of the equity which I intend to invest in another property. My plan is to buy something that needs work and hopefully sell on a for a little profit. I intend to continue to do this until I have enough funds to purchase an ideal…
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Restrictive Covenant
Hi Looking for some advice. We are looking at a piece of land with a small building on it but it has a restrictive covenant saying that it is not permitted to build a dwelling. However the building on the site has been used as temporary acomodation for several years. The deeds (from 1950s) state that the covenant is for…
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Help to Buy - when to pay reservation fee?
Hi all, Our offer is accepted by Bloor homes and they asked for £1000 reservation fee. Should we pay this or should we wait until we get the "Authority to Proceed" from the HCA? Obviously Bloor wants us to pay this to take the property off the market. We're trying to buy time. Many thanks.
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buying property
When getting a mortgage from a bank, are you allowed to sell the property within a year or two of buying it?
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Builder said they will pay legal fees
Hi, I have a question me and my girlfriend are buying a new build at the minute and we are at the point where the bank are doing the valuation! The builder said they would pay £1000 legal fees and the mortgage lender is paying the stamp duty. With this in mind we thought we would put the money we would have been for these…
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Action Conveyancing Snail Pace
I accepted an offer on my house at beginning of March 2013, my Solicitors sent all the paperwork to my buyers Conveyancers Action Conveyancing on 16th March. Unfortunately the buyers have been naive enough to think you don't need to chase your Solicitors , and at the beginning of May there was still no communication from…
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First time letting - tenants say they can provide own credit detials etc
We are letting our house out for the first time. We have found some tenanats but they dont want to pay the £300 circa in credit and ref checks etc and said they can provide all the info themselves and were happy to pay a deposit of 2 months. They have their experian reports. I asked if it was just cost and would they mind…
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Crafty FTB!
Evening all! Quick summary of our situation :) Had our house on the market for three weeks and during that time had quite a lot of viewers. One couple viewed the house in quick succession and then made a few offers below our asking price but finally offered the full asking price. We advised from the very outset that we…
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Does backing your offer with an AIP hand the advantage to the EA/seller?
This topic cropped up in another thread - which is handy as it's something I've been wondering about for a little while now. Rather than hijack that thread, I've created a this one. I'm a FTB who will start looking at properties next month (our deposit won't be in place until October, so we've been waiting). I was fully…
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Selling and share of freehold
Hi all Not sure if this has happened to anyone before. Me and my ex own a flat which is in both names. We both still pay for the mortgage. We are in the process of buying a share of the freehold (there are 8 flats in the building) but I know that he wont have any money so I will have to pay for the share and have it in my…
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Agents listings like these
I am wondering about these types of listings http://www.rightmove.co.uk/property-for-sale/property-38780764.html If anyone has property bee can you tell me it's price history? And was the message always been "we have had an offer"? When did the message change? It is undervalued -but only in the sense that others on the…
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First Time Buyers - Disillusioned
Hello, We are first time home buyers trying to get into the market on a sub £220K 3 bed or 4 bed semi in M33 (Sale, Manchester). We have a "Mortgage Certificate" from our bank that we've shown to the agencies in the area. We registered with them and shown our willingness to complete as soon as possible. Gold dust, right?…
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Apologies if I'm being dim - letter from solicitor...
FTB here so please be gentle!! Right so we put an offer in, which was accepted. The mortgage application is underway (house is being valued as I type) and we have paid the solicitor for the searches. We received a letter today from our solicitor saying "Just a short note to confirm that we have no received a draft Contract…
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Landlord's Insurance and Dogs
A couple of weeks ago someone put a charity bag through the letterbox. It caused our dog to run up to the letterbox and the person was injured. They say our dog bit them. We say that they were startled by the dog and cut their finger on the letterbox withdrawing it. Regardless they were hurt and our dog was involved…
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How much to remove a porch & conservatory?
Hi all, anyone know approx. costs of removing a front porch & a conservatory and making good? Buying a property where they are both in bad condition and I am not that fussed about rebuilding either. Thanks
