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First Time Buyer Advice
Hi all, Myself and recently married wife are looking for some advice on our first home. We have viewed 4 properties that are not perfect and we have seen one on right move which ticks literally ALL of the boxes. We have a viewing booked this weekend and have been told we are one of 4 viewing. We have a mortgage decision in…
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Buying a New Build Apartment
Hi Guys, First time buyer here, very inexperienced and looking for some advice. I've found an apartment that I would like to put an offer in on. It's a brand new build so the vendor is the building company. Should I still offer under the asking price or do people generally offer asking price straight up with a new build?…
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Nice dull places with bad transport links in London
Hi All, My partner and I are renting in London at the moment and looking to buy a place somewhere. We work in South Kensington and Chancery Lane area respectively. What I hope makes this slightly different to a standard 'where to live in London' question is that since we are both happy to cycle up to an hour to get into…
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No counter offer from vendor.....
Hello! We made an as-expected declined offer on a property this morning, but the EA/vendor has given nothing away in terms of what would be nearer an acceptable level.....just that the offer (having discussed with the vendor) wouldn't be enough and that 'they would like to see another'. We know we can't stretch to full…
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Vendor changing deal at last minute
Morning folks. Looks like I need a bit of advice. I had an offer accepted a month or so ago. After negotiating we came to the following agreement. Agreed a price. Vendor agreed to fix a couple of very minor issues. Vendor agreed that, to stop negotiations, they would move out and break any chain to aid a quick sale. We're…
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seller property information form how should I go about this
Currently completing form In December 2013 a tree fell at the rear of property beyond our property and damaged our shed and rear boundary. We went through insurance. Due to all the damage caused during those storms the insurance were quite slow During the time we were waiting the property at the rear of our property came…
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Landlord requesting additional payments when leaving flat
Hi, I was wondering if it was possible to get some advice, just on where I stand. I have rented a property for 3 years. We found the flat through a letting agent. In our contract, it said we (the tenants) were liable to pay (among other things) the check in inventory fee. The landlady has agreed to pay the inventory fee on…
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Pay vendor to break chain: mad or a good idea.
Yesterday we were awaiting the phonecall from our solicitor for us to give authorisation to exchange on our sale and purchase. Unfortunately when a call did come it was from the estate agent to tell us that the vendor at the top (chain free property that our vendor was buying) had pulled out. There is a tiny possibility…
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How to Calculate Net Rental Yield?
Would someone be good enough to clarify the calculation for Net Yield please? By ‘Net’ I mean after all Annual and Initial property costs. I use the following calculation but a lot of research has provided me with a lot of different ways to calculate, so I am now unsure:- a) Gross Yield - Annual Rental Income divided by…
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Solicitor Cost for Declaration of Beneficial Interest
Hi - can anyone give me a rough idea of the cost of setting this up for a flat I own but want to put 99 - 1 in favour of my wife to use her allowances? And if you know a solicitor in the Manchester / North Manchester area who does this and is familiar with the process - even better :)
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mum to sell house to raise cash for kidss
Hi all I'm new here wonder if anyone can help, not even sure I'm posting this in the right category. My mum owns her house outright and lives with her partner in his home. My brother has been living in my mums house rent free for the last however many years. I have a family and am currently renting. I have some credit…
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Can you sell leasehold flat whilst retaining the freehold?
I have a question that maybe someone on here could answer for me, please :) If you own a 999 year lease on a flat including a quarter share of the freehold (the freehold is a company of which all 4 flat owners of the property are equal shareholders) could you sell your flat as a lea sold whilst retaining the freehold? Many…
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seller does not have grant of probate- should we not have been told this?
Please help. We had an offer accepted on a house at the beginning of April. Everything was going along fine and we seemed to be nearing completion. However, when we asked the solicitor to put forward a completion date, the sellers solicitors came back saying the seller wasn't in a position to sell as he has not be granted…
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Chain
Hello, I'm in probate property that is being sold. Others are handling the sale so I'm looking for somewhere. There's been a cash offer on the property. At what point would I be able to put an offer for somewhere else. I assume my seller will want proof I have the money. Also, is there any reason not to tell a seller my…
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Landlord deposit issue
Hey all, thanks for taking time out to read this. So I just moved out of a property I was renting for about 5 years and went over the property with the landlord for the final inspection. The property was in good condition. The only thing of note was a single cracked tile in the small downstairs bathroom. Note - these were…
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Next door extension, PW agreement and buying propery!
Just had a horrid thought... The house we are planning on buying, next door is currently building a 2 story extension which will alter a shared car port area, they will 'break through' their side whilst fully retaining the house we are buying and make good any issues. I understand that the neighbour who is doing the work…
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House buying companies -long post
Hi I have created an alias for the purpose of this thread. DH and I presently live in a 2 bed upstairs flat.nwe access the property through a close and then up outside stairs. My neighbour downstairs is wonderful as are the owners on the right. The left is another story completely. As well as being nasty people they keep…
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Offered freehold by landlord.
Hi, I have had my freehold offered to our 4 block converted house for £15000.(obviously legally for the 2 months but this is nearly up.) Personally the other tenants cannot afford it and all leases are 124 years left. I would like to know what the freeholder is going to do with it now. Maybe to auction? How would I find…
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Council tax/water rates on empty property
Hi I'm buying a property with completion fixed for the end of the month but I'll have another 2 months to run on my tenancy so am going to use that time to get the messiest home improvements done - ie before I move in. The vendor is leaving carpets otherwise it will be unfurnished though I might 'camp out' there the odd…
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What is the advantages of a cash buyer?
Have put up house for sale on friday, had someone view monday and an offer quickly followed. Offer states cash buyer and wants entry for end of this month. Can anyone advise if there are any advantages to accepting a cash offer, apart from being a very quick sale? I take it most folk go in with a low offer 1st, then can…
