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Selling Shared Ownership Property Help?
I am about to staircase my 40% share of my Shared Ownership property to 100% ownership with a view to selling this property in a couple of years time and move to be closer to my family. I am very confused by the terms set out in my lease in terms of future selling. There is an appendix page that states: 4: Disposals of or…
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2 year v 5 year fixed rate
Are more first time buyers going for five year fixed rate deals rather than two year fixed rate these days? - as interest rates are low.
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Previous owner appealing reposession after I've exchanged contracts!
Please help! I exchanged contracts on my first home a few days ago. It was a repossessed property so I'm buying it from a bank. Our completion date is next week. Yesterday my solicitor called and told me the registered owner has lodged an application at the County Court challenging the bank's entitlement to possession of…
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House Purchase Part Rent/Part Buy
Hi All, I've got a bit of a complicated situation. We own our house (2 bed) and we have our second child due in the summer. We are wanting to move to a 3 bed house but we have a loan to pay off first before we can start saving for a deposit. We have very little, if any equity in our current house. What we plan to do is…
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Renovating a house to sell, how important is the CH/boiler setup?
Hi. My house has a Baxi Bermuda filling up the main downstairs fireplace. It has a gas fire front and a boiler at the back which does CH and hot water. It's grossly inefficient but I use it very rarely and so don't mind, myself. In renovating the house I have of course considered replacing it, which would involve at least:…
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Is garden fence covered in buildings insurance?
I own a flat in London. A leaseholder. It is a converted property which has been split to 6 flats, I own the biggest one with a garden. There has been damage to the fences in storm last night. The fences are between my garden and the communal garden. The landlord owns the freehold on the property and all the flat owners…
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Angry over viewings
I had people come round and view the house we rent today. I kid you not at half past 1 over 20 people filed through my front door all at once. 6 families with kids and even grandparents in tow. Seriously? I'm fuming at the estate agents, they did apologise but couldn't see what the issue was. I was under the impression…
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TiC selling - one lives abroad...
ExOH and I own a house as tenants in common on a 50/50 basis. There is no separate legal document regarding the split, but there is no dispute about this and we are on good terms. My query is, we have had an offer on the house which we are going to accept, but exOH now lives in Australia. What do we need to do in terms of…
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Lead tenants relative claimed bond.
Hi all, my daughter and boyfriend rented a flat for a couple of years under the agreement that they each paid half the bills and rent. Unfortunately her boyfriend wasn't good at keeping to the agreement with my daughter paying to keep the roof over their heads. In the last year she ended up paying £6k more than him. They…
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How long do searches take on a new build?
Hi, we are first time buyers, buying a new build leasehold flat in east london. Our solicitor sent off for the searches on the 4th Feb, and we are yet to hear anything - we have a deadline to exchange by 28th Feb and signed our mortgage papers on Weds. Is this an achievable time to be able to complete?! thanks
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Rental house problems, how do I word the letter?
We have been in our current property for 8 months and we have some serious concerns about the house. We have been with the same LA for 5 years and have always had a very good relationship with them so feel a bit concerned about 'rocking the boat'. In brief here is what has happened.... We live in South Devon and have been…
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Can I still buy my second home?
I am a first-time buyer and don't know any restrictions of shared ownership scheme. Hypothetically, if I buy a 40% shares of a flat through shared ownership scheme, then a few months later, I inherit money from my grand. Can I still keep the flat and at the same time spend my inherited money to buy another flat privately?
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Tips on letting property out to family!
I know there will be lots of mixed views on this but wondered what other people's experiences are. There are pros & cons involved of which I think I'm mostly aware but any tips would be much appreciated?
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Does duel nationality help when buying property overseas?
I'm looking to buy a property in Spain and wonder if it helps obtaining a duel nationality? I have a British passport but my father is Spanish and has lived in Spain his entire life. Is having a duel nationality worth my while? I'm not even sure how I'd go about it. Does being a confirmed half-blood give me any rights or…
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Vendor Fails to Complete Due to Second Charge on Property
Interested to see if anyone has any experience of this. We recently exchanged on a property and we were due to complete. Unfortunately 1 day prior to completion we were told by our solicitor that the vendor could no longer complete due to finding there was a second charge/mortgage on the property. It was later explained…
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Moving mother-in-law?
I'm completely out of touch with the costs involved in moving house, so can anybody please help out with this one? Mother-in-law would like to move nearer to us. She's on her own, and has lived in her house for 40 years. It's just been valued at £225K and the agents reckon it'd sell as soon as it goes on the market. House…
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Cracked walls and ceilings.
I am currently in the final stages of buying a property, all that is left to do is exchange contracts. I arranged for a final viewing to ensure all was fine with the house. On inspecting the property, I noticed throughout the property there were cracks on the walls and ceiling in every room, I brought this to the attention…
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Selling car to fund deposit
Hi, I'm saving for a deposit, and in the process i'm selling a few things including my car. I bought it with a low interest personal loan around two years ago, my question is would I be able to use the funds from the sale towards the deposit or would I have to pay off the loan? Thanks!
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[Renting]Moving house and need a reference from employer, what should it say?
I am hoping to move house soon though i need a reference from my employer. He will more than happily do it, he just doesnt know what to put. I work in a small company and he has never had to write one before. What would you suggest he incudes in it? Thanks in advance :D
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Will we pay capital gains tax?
My mum is now in care and I have power of attorney. She owns 2 flats - the first she has owned for about 14 years and it is tenanted. The second was her home and to help fund the care home, I am preparing to let it or sell it. It would be more straightforward to sell it but we will make a loss on the purchase price - she…
