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Return of Service Charge surplus
If there is a surplus left from the service charge and the reserve fund is well funded and the money was returned to the owners how would it be returned / calculated? The SC is calculated based on floor area of individual flats so would they return any surplus based on this calculation or would they just split the surplus…
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Buy & Sell Simultaneously or Sell First?
Having made a decision to sell our house and buy our 'forever home', I am wondering whether it's better to buy and sell at the same time or sell our existing house first and then start looking. Only issue I can think of with selling our existing house first is the likelihood that we may have to rent somewhere for 6 months+…
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Vendors refusing to rent despite deadline
Hi all, We had an offer accepted on a house at the end of August. We need to be moved by January 15th as that is the school application deadline and our oldest child is due to start school next September - she is also transferring to the school nursery in January so we really need to be moved by then. When our offer was…
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Signing mortgage deeds weeks after completion - and received a SDLT bill
We moved (sold/bought) about 6 weeks ago. A couple of weeks ago we received a Cheltenham & Glos Mortgage Deed from our conveyancer for us to sign (witnessed) and return... Last week we received a HMRC bill for the full SDLT amount (plus £3 penalty). Now, i feel a bit daft for not remembering the order of events related to…
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Worth buying freehold?
Hi, Looking for a bit of advice from the experts here :) I have read the comprehensive guide to buying the freehold for a property on here but thought I'd ask for any advice after giving some specifics. I own a new build one bed flat with no mortgage to pay and 120+ years left on the lease, currently let. There are 24…
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Surveyors value less than offer, cash buyer involved
Hi all, I'm after a bit of advice. Here's the background; 3 ex council houses went on sale. Two were on one street and the third on another street facing opposite. They were all set at a minimum guide price of 80,000, which went to sealed bids. We submitted an offer of 96,595 which was accepted. However the survey from the…
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Does leaving a flat help or hinder looking for another?(on LHA)
I am on LHA. Does leaving a flat help or hinder looking for another? I have a guarantor, and rent can be paid to the landlord directly. I figure that even the rare times that a landlord will accept a "DSS tenant", he won't be that willing if I call and say it would be 1-2 months until I can move in. So what would I be…
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New Builds reduced
Hello Money savers, I'm fishing for a bit of advice. I'm in the middle of buying my first home and using the governments help to buy scheme, I've paid the reservation fee (£250) but not the deposit. The solicitors are doing there bit currently and we're not expecting to complete for another month. Here's the thing though…
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council obligation to a fair price lease extension?
Dear Moneysavers Is there an obligation on councils, in contrary to private landlords, to grant lease extensions at a fair price? Clarification1: this outside the relevant Leasehold Reform Act, meaning through informal negotiation Clarification2: this regards land lease extension rather than flat/property tenancy issues
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**Outstanding Repair Issue**
(NOTE: This property is Private Rent, 6 month based short hold tenancy and fully managed by a letting agent) Hi all, Need help and advice on an outstanding repair we have on our current rented home. On Tuesday last week my partner went to use the shower to find it was only using cold water. This is our only bathroom and…
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House survey results. Help please
Evening, I recently had a house survey completed on a property I have had an offer accepted on - £247,500. This is an 80 year old house and superficially is well presented. However the survey turned up a few problems as follows. There was a query over possible damp so I had a damp expert have a look and he discovered £700…
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Underpinning
We have our house on the market and have found a bungalow we really like. We have now found the bungalow was underpinned 26 years ago. I am assuming any guarantee will have run out by now. Have been advised by a friend that the current owners should be asked to purchase an indemnity insurance against future problems. If…
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cutting off energy to get rid of partner
Hello all, I'm needing to help a family member get away from a troublesome partner. They have a joint tenancy agreement which expires at the end of February, but all the utilities are in my daughter's name. I can provide short-term accommodation for my daughter and the children, but her partner will not willingly move out.…
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Rough cost of removals 225 mile distance?
Can anyone give me any ideas of what this would cost me? From a 2 bedroomed semi to similar to give an idea of contents. Are there any online sites that would give me an idea? We will pack our own stuff. Thank you.
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Shared ownership - worth it?
I know very little about mortgages and buying properties. Me and my partner are looking to buy a property, however due to our low income (£30k between us) and where we live, our options are extremely limited. We have come across quite a few new builds, which are on a 'shared ownership' scheme. IE you buy a % of the…
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Found a great house, next steps for my situation?
Hi All, I've found a house which would suit me perfectly. It's a new build and I'd use the help to buy scheme. An IFA seems to think that all of the numbers work out okay, and I have access to the bulk of my deposit already (and the full amount wouldn't be needed until completion, well into next year). I'm tempted to ring…
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Can this be done?
If I have a purchase price of £150,000, can I take a mortgage to say £175,000 in order to spend £25,000 doing the property up, giving it a value thereafter of around £200,000. Thanks.
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Standard question - how much to offer
Hello, Standard question really. The seller has said she will sell her house for £210k. I think it's worth around £205k and had a £204k offer rejected. There is myself (FTB) and a couple going for the house (don't know their circumstances but probably looking to buy their second house). I am probably willing to pay £210k…
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Would you exchange without these documents?
Hi, the vendors will not be supplying the following: - Head Lease - NHBC certificate - Possessory Title - Boiler service certificate - Indemnity insurance The environmental search has failed. Which documents are necessary for the exchange to take place?
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Fees for garage purchase.
Would welcome people's guesses to this. 1) how much in solicitor fees would it cost to purchase a Garage off my neighbour. It's a double garage and I own one side already. 2) what is an average price to rent a garage? Nice area SW midlands, England but its not London!
