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Homebuyers Report help!
Hi there, Just had the homebuyers report back for the property we're looking to buy. Have had quite a few category 3's that I'm worried about. I was wondering if someone could help with what they really mean! Dampness, rot & infestation: Dampness is affecting the ground floor walls in a number of places. I suspect this is…
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Ending tenancy by mutual agreement mid-month
Hi all, I am ending a 12-month tenancy agreement around a month early in a month's time. We will be 'handing over' the flat around a week before the end of the month period and a new tenant will be moving in and starting their tenancy the next day. What would be the expected payment arrangement here? What would make sense…
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Deposit source
Hi All, I am going through the mortgage process on my first house. I stated to the lender that I will be gifted a deposit top up of £4000 form my parents My parents have borrowed it from a family friend without me knowing and simply transferred the money into my bank. The lender states that the gifted deposit must be from…
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Buying a flat with tenants in
Hi I'm currently looking at a flat that's on sale. It's currently occupied by tenants, with the tenancy contract expiring in October. Does this mean exchange of contract can't take place till the tenants have vacated the flat? I'm concerned about the length of time this takes assuming they stay in till end of the contract,…
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0% Commission?
Now mortgage-free on our East London home, we have decided to sell-up and move out of town. Of the various agents who have valued the property, one is offering to market the house at 0% commission! I realise that, at long last, Waltham Forest is now a desirable area, but how is it possible for them to do this? One of the…
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Want to sell my house that I let out
Hi all, I own (mortgaged) a house that I have let out for almost two years. I originally let it due to work relocation and now wish to sell it. I am struggling to pay for it so it is no longer a viable financial asset. I use a management company, but they only specialise in rentals and not sales. I have had no problems…
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Tenancy Period clarification
Can someone help please? If a 12 month AST (England) runs from 13th June to 12th June, on what date is the 'end of a Tenancy period'? (Is is the 13th or the 12th?)
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What type of house is this? (structurally)
At first thought I would have guessed standard cavity wall but having walked past the house the neighbour has fitted external solid wall insulation. Construction date is unclear, some time between 1950 and 1980. I now suspect it is either steel framed or poured concrete, but haven't seen anything visually similar. Pictures…
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Putting an ensuite in loft with no building regs
Hi guys, first post here. We are looking at buying a house with a loft conversion (which is divided into 2 rooms) that has no building regs. It was converted in the late 70s. If we wanted to make the 2 loft rooms into 1 and an ensuite, would the Buildings inspector just look at the new work that we'd have done and sign off…
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Boundary, Shared Drive & Parking
Hello, just wanted to run a question by you all! We will be moving into a new build house towards the end of June, the house is located on a small cup-de-sac style road which then leads onto a shared drive and then each house has it's own drive to park a car. According to the deeds, each house owns the land directly…
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Lenders own market valuation higher than our purchase price?
We got our mortgage offer papers in the post today and their own market valuation of the property is higher than what we are paying? Why? OK, its not a huge amount, £5k. I would have thought it would have been exact same valuation as what we are paying or even valued at less than what we are paying. Why is this? Do you…
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Land that doesn't belong to us.
Evening All, So myself and my wife are currently in the process of buying a house and we've just recieved a letter stating that a piece of land directly in front our house doesn't belong to us. Just to try and give you a visual idea of the land, we have a path to our driveway (to be owned by us), a tiny plot between the…
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Buying first house (abroad).
Basically I'll go over my situation, I am 21 years old and have a bit of money saved (8.4K), but seeing as this money is not doing anything for me except losing it's value, I want to buy a house abroad, I do rent a place in south England which is cheap compared to the average rent price for my area. Basically I would like…
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Lots of viewings - no offers - advice please
WE have had our home on the market for 6 months, we have just dropped the price, lots of viewings, 4 this week but no offers. We have a steep driveway, which is so steep we always park our car on the road , we have lived here for 8 years , this has never been an issue for us. It is a 5 bed detached home in great order, and…
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Buying a house - when can searches take place?
Hi, Is there any reason why searches against a house can't be undertaken prior to solicitors receiving draft contracts? My estate agent has said to get them done straight away, however my solicitor has said they won't do anything as yet. Is there any reason these can't be started asap? Thanks
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Renting with cats -- when do we meet the landlord?
Hi there, We're looking to move to a rented unfurnished house in a small town, and have (indoor-only, so no fleas) cats. Very few of the ads say 'pets considered', but we have heard that going for a viewing and then mentioning that you have pets directly to the landlord is a better strategy thank asking from the get-go.…
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Settle an argument
if you would my girlfriend is moving in a couple months. the new estate agents are messing around a little bit in terms of moving in date, which she is trying to nail down more securely. she is panicking a little as she signed to a leaving date from her flat on the 22nd june. the new place tennant leaves on the 26th and…
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Renting and credit check
We will soon be looking for a place to rent but I am worried that bad credit reports might make it difficult. Does anyone know from personal experience ( not just guessing please) how in depth the check is? I have been told by some people they only check the basics - your ID and if you are bankrupt or have CCJ's. I don't…
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Can I sign a new TA for next year before the current one ends?
I have a BTL property and I have tenants living in until 30/8. I have some other prospective tenants that saw the property, liked it and want to sign up. Can I draw a TA to start from 1/9 with the new tenants, get the deposit (and register with TDS)?
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Souorce of deposit
Hi, I am awaiting a mortgage offer for my first home. I have stated to the lender that I will be taking a gifted deposit of £4000 from my parents to top up my deposit. My parents transferred £4000 into my account 1 month ago - the solicitor has asked for source of deposit. My parent have actually borrowed money to help me.…
