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Can I help my brother out?
I am in the process of selling my house and downsizing which will see me recieve around £50k once completed. I want to help my brother put an extension on his home which will cost around £35-40K and keep the remaining amount for myself, probably in an ISA. My main query is will i have to pay any tax on the original £50k…
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NHBC Certificate
I am currently in the process of buying a flat, but the seller has lost the NHBC certificate. A duplicate is being ordered but was wondering as to how long they usually take to arrive as this is all I am now waiting on to exchange. Thanks
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Sole selling rights
Hi All, Clarification needed, Can EA really charge me their selling fee when I've given them notice to end the agreement period of 13 weeks and another two weeks after cancellation notice served, when new agent finds a buyer if found within the first EA term time which is stated as six months with agent or two years if I…
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Search results show flood risk. What about insurance?
Hi I am trying to buy a property in central London. We have agreed a price, there has been a valuation survey and the mortgage company have agreed the loan. I am still waiting on the results of the building survey. However today I received from the lawyer the results of the searches. The covering page says: Contamination…
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Advice on break clause in Tenancy Agreement
Hi, Im looking for some advice regarding the break clause in my AST. It's a 12 month tenancy agreement with the following break clause: "Any time after 10 MONTHS of the initial fixed term of this tenancy (or after a similar period following a fixed term extension to the original tenancy) the landlord and tenant may invoke…
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Best space/heating options for 1bed flat
I have nearly completed on a small 1 bed flat. There is a series of 4 "terraced houses" each with a ground floor flat and a 1st floor flat, all with their own front doors. There is currently a "dual immersion" for hot water - with a big cold water tank and hot water tank in a cupboard. Along with one ancient storage…
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Landlord Witholding Deposit Help
Hello all, my ex-flatmate and I are having a problem - as seems to be a common occurrence - with getting a large portion of our deposit back from the flat we vacated back in June of this year. *apologies for the huge post, but it's a bit of a story* We moved into a flat which is a converted split-level attic in an old…
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indemnity policy for lack of building regulation approval?
Our solicitors want to charge us £120 for an indemnity policy for the lack of building regulation approval. When we had a conservatory added, they removed what was the back patio doors and just left an archway from the house to the conservatory. Apparently there should still be a patio door there. Is this really a…
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Advice needed!
Me and my wife put our house up for sale with an estate agents in in June 2014. About three weeks ago, we received information that this particular agent had gone into liquidation and that all details had been passed onto another estate agent. The 'new' estate agent contacted us asking us to essentially let them market our…
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Scottish Association of Landlords supports Shelter campaign against illegal evictions
https://www.scottishlandlords.com/NewsPolicy/PolicyItem.aspx?ArticleId=217 . http://scotland.shelter.org.uk/get_involved/campaigning/illegal_evictions_know_your_rights Well done all concerned
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Exchange day- around when does it happen on the day?
I'm due to exchange today and have been waiting for a call from solicitor but nothing yet and he's in meeting right now. At what time of day does it tend to happen have you found? OMG I'm so jittery!
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Gifted deposit
My partner & I are in process of looking at houses & mortgages. We are in the lucky situation due to inheritance we have a sizable deposit available but isn't in either of our names. The money is in his Mum's name and we just wondered if there was a limit on how much can be gifted for a deposit. Thank you.
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Estate Agent Breach of Contract
Sold our house recently (after an open house weekend) and during the sale process it became apparent that the agent didn't tell me about all the offers we received. We now know of at least 3 offers at the top range he didn't refer to us and many phone calls he didn't return to prospective buyers. He manipulated it so that…
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RE: Selling my BTL Property (within 2 years of being a BTL)
Hi All, I am thinking about selling my BTL property to free up some cash. The BTL was my own private house for 11 years, until I started to rent it out from last December and I bought another home. Am I correct that if I sell it within the first 2 years then I would not have to pay capital gains on it? Maybe I have been a…
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Renting without a BTL mortgage
Recently purchased a property about a month ago on a residential mortgage as I've been living there. It's great and I love the place but my work circumstances have changed. I need to move to London for an initial 6 months and probably more. I know you usually have to wait 6 months before obtaining a consent to lease but do…
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Being gifted property - legal fee?
Hi I am due to be gifted a UK property and would be grateful for any pointers. Things I think that may be relevant: * The owner lives abroad * There is no outstanding mortgage * I will be gifted 100% of the property Any advice on the following would be appreciated: * Does the owner need to be in the UK to transfer the…
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Bathroom Design Help Me!
Hi, I need help designing my bathroom! I have to accommodate a washing machine too! Its a reasonably sized bathroom but is rectangular. Please could you give me your thoughts on the: 1. Tile colours 2. Layout Tile Colours Option 1 - Wall tile - beige / Floor medium brown Option 2 - Wall tile - light beige / Floor dark grey…
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Allowable expenses for landlord tax rebate.
Hi Currently going through some calculations to send back to HMRC. Quick question: before we let our house, we had a conservatory put on it which we paid for with HP via the conservatory company. Interest on your mortgage is classified as an allowable expense, but what do you think about the interest on the conservatory?…
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At what stage does money actually get exchanged?
Currently saving for a house deposit and just wondering at what stage your deposit (and rest of mortgage money) is taken after you have decided on a house and have made an offer which has been accepted?
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Countrywide quote for Homebuyers' Report - £926!
Is this totally unreasonable? I was planning on getting a structural survey so when my mortgage lender's valuer rang up to 'upsell me' I asked them how much it would cost. I was hoping to get the full survey for that price! And I think they wanted me to pay £926 ON TOP of the £400 I had already paid Woolwich for my…
