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House Valued Less Than Asking - Can Estate Agents Claim Fee?
Hi, I hope someone can help, I've been searching for an answer online for a few hours, and I think I've got my answer, but I still can't find it in black and white. My Dad's sold his house subject to contract, the bank survey has been done and it's come back less than the asking price, so the bank won't lend the money to…
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Buying a leasehold house
Hi, I'm in the process of buying a house. It's a Victorian terrace. Had my offer accepted back at the beginning of December & have been waiting since then, Estate Agent had said don't do any legal work on the property until the chain is complete. I heard today that the chain is now complete. The agent also tell me that the…
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Property advice
Hi just sold my house and i am now looking for somewhere to buy. I spotted a nice place with a bit of land that i really like and wish to buy as the price has just been reduced within my budget. The property is an old steading that has been converted into two cottages, currently being used as holiday let's. I was thinking…
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Property gifts and tax
Mum is buying a new flat, costs same as the house she is selling. She has been told that if she puts the new house in joint names with me it will be easier if she dies but I will have to wait 2 years after she goes or will have to pay capital gains. She will not have assets enough for inheritance tax to kick in. Also what…
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wanting to move house
evening all, I currently own a 2 bed flat which I how to move out of, estate agent chiming round next week but looks like I am currently sitting 20,000n profit which I hope to use as a deposit for new build with my partner (current home only in my name) and we stay in Scotland. questions 1. do we qualify for mi home 1st…
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Help, can i get a mortage, if so...which type??
Hi I feel this is going to be a long one, so bear with me please! My head is in a pickle and not sure what options are available to me I currently have our family home (mortgage 60k o/s value approx 170k). The property next door has recently put on the market, and i have come up with the hairbrained idea to buy it, with a…
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House of unusual construction
Some advice would be appreciated. We had an offer accepted on a 1930s semi last week. Apparently there was a previous buyer who pulled out on the day of exchange... Anyway we were told we could get hold of the previous survey and have it transferred to our name. I've just seen the survey and it says: 'The property is of…
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Blown Windows
Hello :) We are putting our house on the market (estate agent is coming tomorrow to take pictures). During our cleaning, decluttering and magnolia-ing we noticed that two of our double glazed windows had 'blown', now that I've seen it it's quite obvious, but we had nets / blinds up all the time we've been here so hadn't…
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Buying a council flat
Our son is looking to buy a flat in a council block. I have since learnt that any major maintenance carried out by the council on the whole block e.g. new windows, he would have to have his done along with the rental tenants but be expected to pay for it, unlike them. Is it possible to get insurance to cover anything like…
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shared ownership no equity release
I own 30% of a shared ownership house currently valued 170k making my portion around 50k equity. It seems to be impossible to release even a small portion of my money. The only way is to sell and as I am a pensioner I would not be able to find anywhere else other than rented accommodation to live which would soon use up…
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Not being left all keys
What happens if not all keys are provided at completion, and you can't follow up with the seller? I'm buying a probate but have discovered that there's no key to the garage; I've never looked inside. The executors have no knowledge of the keys. Do I just need to get a locksmith round and change the lock/garage door?
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EA playing silly beggars?
Would appreciate any thoughts on the following: have placed an offer on a house - we are cash buyers and ready to proceed immediately. The EA got back to us and said the vendors are giving serious consideration to the offer but would like to know when the survey will be carried out. I said that we have will appoint our…
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Turning residential to buy to let
This could be complicated but bear with me! Current situation I have a joint mortgage on a home with my mum. We live together. Its her home but she was too old (70) to get a mortgage by herself when she got it. I want to move out and get my own home, but don't earn enough to support two residential mortgages. I have spoken…
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Building insurance from exchange?
We have just bought our council property (leasehold) under the right to buy scheme. We exchanged early Feb and completed on Monday 24th. Our problem is that a pipe burst on Saturday 22nd, and flooded the property. We had contents insurance in place but they apparently don't cover the laminate flooring, doors or to provide…
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getting deposit returned.
Just wondered when you get your deposit back if you leave. Does agency come and inspect it first, or must you have it back by law whatever happens.
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Had tree professionally cut but did not know it had a TPO
Hi all, I lurk a lot but rarely post, however I hope someone can offer some advise please. Basically we had the height of a tree in our garden reduced, as it was overhanging the garden and meant we had little light left, by a professional tree surgeon and found out later that there was a TPO on it. The council came round…
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Affect Student lets can have on house prices
Hi everyone We bought our 2 bed at the peak of market in Feb 2007 for 130k with the plan for this to be a 2-3year home. Obviously markets dropped and we hit negative equity for a while. Since we have lived here a new college and 3 university campus have been built, which didn't bother us at all. We got house valued in 2012…
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how long should a homebuyers report take to come back?
hey guys. still aiming to exchange on the 7th march (maybe) lol. how long should my buyer's homebuyers report on my house take? the surveyor came a week ago (20th feb) and his company's website say that homebuyers report should get sent within 72 hours. i've heard nothing back from my buyers, which could be good news, but…
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Technicalities over deposit protection
As my landlord is selling up, I am planning my move (with luck to a place to buy rather than another rental). The letting agents have always seemed reasonable. However I am getting concerned about my deposit. I moved in on an AST and was told the deposit was with TDS. I am now on an SPT. I can't now find my deposit…
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Buying house with Roof Lease
Hello We are in the process of purchasing a house which we have only just found out that the solar panels on the roof are subject to a 25 year lease with the installation company. At no point in the sale process were we informed of any information in this regard and we, some might say naively, assumed the panels were owned…
