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Cost of Searches - Paying for freebies??
Hello, Fairly new to this so please bear with me... I'm a first time buyer chasing a particular search I'm outstanding (Local search) so I contacted the local authority who have informed me the search was carried out two days ago... No great concern, but have chased with company carrying out searches who say it may not…
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First Time Buyers - How much to offer below asking price?
We are first time buyers and have completely fallen in love with our ideal property! I work for a bank and so there is no issue with the mortgage. My question really is how much is an acceptable amount to offer below the asking price? I've read that as a starting point 10% less is ok... the house is up for £135,000 and the…
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Complete next week - Query on Home Insurance & Utilities
I am completing on Wednesday next week (29th) - I know I will need Building & Contents insurance but want to make sure I answer all the questions online 100% correctly.. Is it possible for me to arrange this on the day once I have the keys in my possession so I can go round and check the relevant things such as…
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Buyers just pulled out....date of entry 4 weeks time.... boo!
Just had bad news from our solicitor and our buyers have pulled out. They have their mortgage but dont think they have enough savings to go with it to buy the house???? Something like that, the solicitor read me out the letter and my head was in a mess! So our house is going back on rightmove tomorrow, without the SOLD. We…
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Help! Price reduction and mortgage
We're in the process of buying a house - our first purchase in England. The mortgage application was quite a complicated process because we had a previous purchase fall through, and were given inconsistent advice by different people at HSBC about whether we could continue with our existing mortgage or would have to reapply…
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Mortgage declined because of "student area"
Hi all, After having our mortgage approved "subject to valuation" and thinking everything was going smoothly, I recently got a call from our broker saying the mortgage company has declined to lend because "the high percentage of student lets in the area affects the re-saleability of the house". This seems crazy. We live in…
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Flat flooded and temporaily inhabitable - what are our rights?
At the weekend, our next door neighbour's flat flooded (a water pipe carrying hot water burst, spurting boiling hot water out into her flat for a least a day) - as she was away for the weekend, this water eventually spilled over into our flat and caused damage to our MDF flooring and left a lot of water in our kitchen near…
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Becoming a landlord
Good morning, I am looking at buying a property to rent out. I have approx 20-25K for the deposit and currently looking at 2 bed flats for circa 120K (Dont worry not in the South :D ) My questions are: Would it be better to purchase 2 x properties with smaller deposits or lump all into 1? Also what are views on property…
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Property advice appreciated!
Hi, I appreciate there’s quite a lot of different questions all at once here but any advice would be most appreciated We definitely would like to: - remain in our 2 bedroom flat for 3-5 years - then purchase a 3-4 bedroom house either in Greater London or in the North East depending on circumstance Property: We have around…
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20th October moving day claim costs
Hi, I was due to complete on sale/purchase and move on Monday 20th Oct. I paid a day fee for a removal firm. I moved out of the flat I sold, but due to Bank of England's failure to transfer money, I was left waiting and unable to obtain keys. The removal firm left without unloading my possessions at 4pm, before the vendors…
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Max amount to transfer- Santander
Just attempted to transfer our 20% deposit and fees to solicitor via online banking. Declined because it is over the maximum amount. Any idea what that max is? Will ring/ nip into the back tomorrow to get things transfered that way, but just wondered!
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Back boiler and Grade II listed building
Does anyone have experience of replacing a back boiler behind a fire with a modern 'normal' boiler? Typical cost/ disruption/ timeframe? Would there be any restrictions due to it being a listed property? Thanks!
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How likely that Land Registry has a typo?
My brother is selling a part of his garden to his neighbor. He originally bought this larger piece of garden from another neighbour in 2000 and is now selling off a part of it for 25k Price agreed, no problems.... but he downloaded the LR form for his transaction and found another from April this year which is 2 doors…
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bad credit..mortgage help
Hi all, I am looking for some advice and hopefully cheering up as my credit rating is poor. Here is what happened. In 2007 I was 20 year old and working as a self employed Joiner. By October 08 I felt the recession most and could not find work. Problem being at time I had a car on finance and multiple store cards from when…
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Boarding loft increase Flat valuation?
Hello, Just a quickie... If I was to board my loft space and run the electrics up there etc... basically everything you'd expect from a loft conversion except for the window, would this increase the value of my property? I'm tempted to do it regardless since it would make an ideal study, however I'm curious to see if it…
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Small Claims and PO Boxes
Didn't know where ask to this, so apologies if this is the wrong place. I'm about to start a small claims process against my old landlord and I'd prefer he not know where I live now. I can't find anything about whether or not I can use a PO box to preserve that anonymity, so has anyone here for any experience of that? I…
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What is acceptable in a housing chain?
We have FTBs purchasing our house and instructions have just been sent to all solicitors to start proceedings. We had an offer accepted on a property we like two weeks ago 'subject to vendor finding'. I haven't heard a thing from that EA since but they were quick to tell me about the vendors personal problems when…
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Selling, CGT and Proof of Expenditure
When selling and calculating CGT, I believe you can deduct the following costs: "Improvement costs to increase the value of the property - but not normal maintenance costs such as repairs or decorating" "Any costs of extending or otherwise improving the property" Would you need to show the taxman actual receipts for money…
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I've been asked to pay for the buyer's query
I'm selling a leasehold property and the purchase has been held up because the buyer's solicitor thinks there are terms missing in the lease (apparently because it's too old but it's only 1980s) and we're waiting for the council to respond. I'm not convinced this is true as I only bought the property a few years ago and…
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House purchase fallen through
Hi, We put an offer in on a chain free property over 2 months ago. We did everything quickly and efficiently, however there never seemed to be a sign of the vendor doing anything. His solicitor didn't respond to ours for at least 3 weeks, the vendor didn't return any paperwork for 4 weeks, and to cut a very long story…
