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Best way to buy a home in a unique position
Hi there guys, I'm a business owner looking to buy my first property. The property is around £550k in London and I'm trying to figure out the best way to access the money I need to buy it. The money I intend to buy it with is still in the business. If I take it out all at once I'm going to end up paying a lot of income…
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Can't Buy / Can't Rent
Just wondered if anyone had any ideas as to what I can do in my situation. I own a house with my brother and he wants to sell up. I will get approximately £85,000 out of the sale. This amount along with any mortgage I might be able to get will enable me to buy at most a one bed flat in my area (£180,000 approximately). Now…
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Covenant on House
Hello, I've just exchanged on a house. I'm developing it and it will be a 2-3 month turn around project. And I'm wondering something about a covenant. It says I'm not allowed to park a car or caravan on the space outside of my house. But all the other houses have got driveways. Do you think it's likely the covenant would…
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Declaration of Trust - married abroad
Hi there, I would be grateful for any advice as my conveyancing solicitors are not very helpful! I married a Chilean national 5 years ago and the wedding was held in Chile. I bought my own flat 5 years before we met and I have an adult daughter. We are now buying a house jointly. He is a very good person and I'm sure if we…
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cancelling purchase of new retirement flat
I paid a reservation fee, deposit and exchanged contacts. Viewed property yesterday and was devistated to find a number of major problems, including the fact that the room sizes are considerably smaller than the plans. The Developers have admitted their mistake and have said that if I decide to cancel they will refund the…
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From rolling contract to shorthold tenancy agreement
Hi all, Hoping someone with experience can help here. In November 2013 we rented a flat through a letting agent with a contract of 6 months. After the 6 months was up we asked if we could move to a rolling contract and this was agreed. However now we've been sent another 6 month tenancy agreement and been told that due to…
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Gift of Plot
Looking for some guidance... My parents own a small holding of around 40 acres and they have agreed to give myself and my husband a plot to build a house on. We will be getting the planning permission etc. So, what I looking to clear up is whether my parents can simply gift us the land without any tax implications or is…
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SDLT on in-family house purchase
About 10 years ago my older brother (who is British but domiciled outside the EU and has no intention of ever returning to the UK) bought a buy-to-let investment property in England. He never lived in it and there is no mortgage on the property. After several disastrous tenancies, the property had been so badly treated it…
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Ending Shorthold Tenancy Agreement
I am hoping someone can help. We would like to give notice on our tenancy agreement which has the break clause: "It is agreed that one month's notice in writing may be served by either party to terminate this agreement." It is not clear to me if this is a calendar or a tenancy month. Our tenancy month ends on the 20th Oct.…
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How long is a long time?
How long is a long time for a property to be on the market without selling? I saw one go on in July at a price way above our budget, it was reduced by 15k in August, which makes it still a bit out of our range but it is still not sold now, so 3 months on the market. We are going to view it on Sunday just to see if we like…
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Leasehold property
Hi, We have just got our final documents for the house that we are about to buy. We knew it was leasehold but didn't know how long it would be for. Our current house lease was 900ish years. The new lease is 250, is this now the norm? Also the documents mention something about consulting the landlord before we do any…
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Dropped Kerb , 5m Requirement
Hi , Our local council has a requirement that in order to have a dropped kerb you need at least 5m from your house to the pavement . While i can understand this , it doesnt perticually help us . We basically have a completely paved front , We have a recessed garage which allows a car to park up outside our garage and up…
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Failed mortgage valuation
Hi everyone, We are first time buyers and applied for a mortgage with Santander. All our credit checks and affordability was fine. The valuation however was not. The valuer advised the lender not to lend on the property full stop because it is 'poorly laid out and badly lit'. It has baffled both my mortgage adviser and…
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FOR LAND REGISTRY REP please
A neighbour is now trying to claim a part of my garden under "Adverse Possession". I've sent off an urgent email to Citizen Centre of Land Registry giving the evidence I have that it is my land. Is there anything else I need to do at this stage please to protect my land?
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draft contracts and rude solictior raising enquires
Hi there, I am a first time buyer and need some help please. My solicitor received the draft contracts on the 3rd of October for a leasehold property we are purchasing. She said she is still waiting for the vendor's solicitors to respond to her enquires. Once she is happy all of her enquires are dealt with will she then…
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Shared ownership resale fees
I have a S/o in w London and own 50% , I've had it for 7 years and now I want out as I'm sick and tired of my Ha useless service. Luckily I've made some money but have been hit with a raft of charges , namely a sales fee of 1% of the whole sale price not on the share which I think is totally outrageous but I am forced to…
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Council Flat "Overcrowding" Rules
Friend of my GF is a tenant in a 2 bed council flat. She is single and has a 5 year old daughter. They have a bedroom each. Tenant wants to invite her female friend to live with her. They can fit two single beds into tenant's room and leave the daughter in the smaller room. Is this legal? Would it be "overcrowding"? Does…
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Ending tenancy in shared flat
Hi - I hope someone can help. I'm renting through a LA (in England) and I am on a AST which has an initial 6 month rent minimum - which was at the end of August. There are 3 of us living in a shared flat. One of the tenants moved out at the end of august, and someone new came in - they signed a new tenancy agreement but I…
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Renting/Buying off Parents
hi, I'm hoping somebody could give me some advice? I live with my girlfriend in her parents owned house, her parents live next door. The mortgage on the house we live in was paid off some years ago. We've lived in the house for 4 years and pay £500 a month. The house is in her parents name but the bills electric, gas etc…
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Anyone Sold/Bought by Tender?
Hello Everyone I am a first time buyer and have found a house that I absolutely love. It needs a lot of TLC but I am more than happy to renovate it over time. The only problem is..... it is being sold by Tender. I've now done quite a lot of research on sale by tender and i'm aware that i will have to pay a 'finders' fee to…
