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Renting house without estate agent
We are hoping to go and live in our house in france and rent out our home we own in Surrey. I have had a few estate agents come and have a look and they are all equally confident they can rent it. We have never done this before and when I realised that they charge 10% a month for as long as the tenant stay I was appalled.…
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Stamp Duty on Contract Re-assignment Purchase
I'm purchasing a new-build flat on a contract re-assignment basis, i.e. my seller originally bought from the developer with a 10% deposit, with the remaining 90% due when building work is completed at the end of the year. This is also when stamp duty is payable. Will the stamp duty be calculated on the amount that I'm…
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Access rights terraced property
Are rights of access listed on land registry titles? I live in a end terrace house with path down the side of the property into my back garden. To the left of the garden there is another gate which leads onto a pathway that crosses over 4 properties and exits directly onto the street. Both gates that lead onto my property…
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Gas safety certificate date
So we are tenants and the property we rent needs its gas safety certificate renewed, we were advised that the landlord had arranged for British Gas to get in contact with us to arrange a suitable time. Its been quite delayed as we didn't realise the letter they sent us wasn't actually junk mail (it wasn't even addressed to…
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Mortgage in Principle, offer accepted, now what?
Anyone have a list of steps in chronological order that we go through now? I have a decent idea, but wanna figure out at what stage I need my deposit money in-place, stamp duty taken etc Once the offer is accepted, do I need to tell my mortgage lender *something* in order for them to perform the *next step*? Wondering what…
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Size of bedrooms
My, daughter is buying a house , the bedrooms are small , just like to know what do you class as a small bedroom, or how small is small for a bedroom,
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Should I replace a mouldy beech worktop in a rented property?
Hi I live in a rented property that has beech worktops in the kitchen. The worktop around the taps and anywhere water has been has turned black. The landlord now says that before I leave I should replace the section that has gone mouldy. One section of beech is £190 plus fitting plus professional sealing.... In my defence,…
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Access Rights
Our LA have arranged for a new wall to be built in the garden of the house we rent as the existing fence posts have seen better days. The building work will take 3 weeks. Only external access required. We have asked them to delay the work by a week for personal reasons as obviously its considerable disruption. They are…
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Advice in where to live please!
I have just qualified as a doctor and have elected to move down South from Manchester to the 'Wessex' area. Incorporating the following towns: Winchester, Salisbury, Southampton, Portsmouth, Dorchester, Basingstoke, Bournemouth, Isle of Wight and Poole. I would like some advice on the relative merits and disadvantages of…
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Communal garden
I am about to make an offer on a ground floor flat. There is a communal garden and the two ground floor flats each have what is effectively a private patio area. Am I right in thinking that there are no generic rights where a communal garden is involved and that I need to read the lease in order to find out what rights I…
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Buyers mortgage offer pulled for audit
Hi all I went to my solicitors this week to sign all of the papers for buying/selling and have been informed that my buyers application has been pulled for auditing. Can anyone tell me what this means and how long this takes. Everything was in place for exchange of contracts and now im worried :( Many thanks
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New Landlord, Renting out home. Worried About Tax of Interest only vs Repayment
Hi Everyone, I am a first time landlord and diving in a bit quick. I have an agreement in principle on a 4 bed house and I am trying to choose a mortgage. My mortgage adviser has advised that I go with an interest only mortgage. First Question: why are BTL usually interest only? should i be scared of interest only? She…
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Buy, sell, stay put??
I'm looking for some financial advice relating to my current situation. I own a shared ownership property (50% share) and I'm about to finish paying off my mortgage. I don't know whether I should: 1. Sell my share and buy a property outright (I could afford to do this). 2. Buy more shares in the current property (I can…
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Housing association not much help with severe defects
Hi I'm looking for some advice I'm a moat housing customer in the southeast, I have 2 bedroom flat first floor with a Nibe 260 or 200.... Since may last year we've put on just over a £1000 in electric! The day we moved in my neighbour said to me how expensive it had been but I didn't think much of it to be honest..... By…
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Roof repairs after selling
Hi, I sold my flat over a year ago and now the buyer wants me to pay for repairs needed to the roof. 3 years ago a neighbour reported a water leak into their property. Several members of the block of flats then got estimates for the repair. The work was never carried out. The new owner now wants me to pay for the repairs.…
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Does having a BTL mortgage affect how much I can borrow for a new mortgage?
I currently have a mortgage balance on a house of about £56k. The house is worth about £60k. I intend renting it out, so will be looking at a £45k buy to let, interest only mortgage. After I rent out, i'll move in with my girlfriend temporarily. She has her own property, but we want to buy a new one. She'll then rent hers…
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Social Housing
Well in the way it’s a bit of a rant to blow some steam off But in all fairness I fed up with this gov,councils. I currently living in a one bed flat with my 16 yr old daughter which is fine my daughter has the bedroom but here the part which is beginning to take toll on my heath I’m having to sleep on a two seated sofa ,…
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House Purchase: Stamp duty threshold
Hello, We just had our offer accepted at £250,000, with the asking price of £256,000. This is a 3 bed detached in a very nice area. We have been looking for almost 6 months but kept getting beaton in bidding wars. Our original budget was £230,000 max. But because of the market movement we were not getting anywhere. Then…
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Selling vs Part Exhange?
So, our mortgage is nearly paid (£4k) to go and Mrs AO is having itchy feet and now see's the option to buy a larger house (4 Bedroom). I have a fear that our house will not sell, the house is ex-council which in the previous years the close has gone down hill a little. In the row of houses (18), only 5 remain which are…
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Covenants on a New Build
Hi, just a quick query! I purchased a new build on a half finished site a few months ago as did my neighbour (semi-detached properties). There is a visitor bay outside these 2 properties which my understanding is for visitors to use. We all have our own double drive so it makes sense that this is for visitors. However for…
