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mortgage after IVA
Hi there, im in need of assistance if you may. I am looking for a mortgage, however my circumstance is one of many I believe. In the past i have had an IVA that i completed 2 years early and over 2 years ago by selling the house i was in to fund the situation and after the breakup of my marriage due to the effects of the…
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Ownership of a house
We're in the process of buying a house and I don't have a lot of faith in the conveyencers advice. We've caught them out in a couple of outright lies and they totally miscommunicated intentions between us and the seller on more than one occasion. A brief history; my wifes business failed three years ago leaving her with…
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Seller will not complete after exchange......
Interesting one this and I am now at my wit's end so wonder if anyone can help. I found a property and exchanged in February this year but the night before completion the seller was admitted to the psychiatric unit of the local hospital so completion did not happen. Eight weeks on and myself and my children are still…
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House valuation with cash purchase?
Hi I'm buying in cash and wanted to know what if any valuation I should commission. I have a feeling, from past purchases, that mortgage valuations are sometimes down to the size of your deposit so want to know if there is a more accurate way of getting a market valuation. I may want to sell the house/take out a mortgage…
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CGT Help on family home sold after some letting
I have posted this on cutting tax but maybe it should be here? I would like some advice about any CGT on the sale of our family house sold last year in August after just less than 3 years let out. Bought in December 1999 for £128,000 Sold August 2014 for £230,000 Conservatory added in 2007 for £18,000 (Can't find the…
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Reducing our offer...
We had an offer accepted on a property 2 months ago. It was sealed bids, we had been looking for months and getting really frustrated at missing out even when offering asking price so - to secure the house in a competitive market - we offered 10% over the asking price. As soon as our offer was accepted we got really…
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Housing Assoc, Right to By, Shared Ownership.??
Hi I have lived in a Housing Association SO property since 1993. I own 25percent and HO owns 75 percent. I paid off mortgage on my 25 percent - I pay a rent of the other 75 percent every month. I see in the news today that the governement is set to offer a new discount scheme to housing association tenants. Will this apply…
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Condition on mortgage to pay all the outstanding credit commitments before completion
Hi All I have received mortgage offer for the property am looking forward to purchase. While I applied for this mortgage I declared an existing car loan. It was an electronic form and there was an option "Will you replay some or all of your outstanding credit commitments" and I said Yes to it. (Considering monthly payments…
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How to be sure about exact plot dimensions of property | First time buyer
Hi All My overthinking mind brings me here again, I was just going through all the papers that my solicitor sent regarding my first property purchase, but I was not able to find out what are the dimensions of the property that am after ? I am sure that there is no encroachment neither on this property nor by this property…
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How much space needed for an open plan kitchen/diner/sitting room?
We have not moved into our new house yet.... The kitchen is a galley style kitchen with a separate dining room ( a doorway joins them) Our thoughts are of eventually finding out about the possibility of knocking through the wall to create an open plan kitchen/diner (and sitting area if possible, but not essential as there…
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Paying the solicitor and agent
Hi everyone, I am thinking of moving home and I have a question about paying fees. Can you pay the solicitor and agent fees from the sale of the house (deposit) or do you have to stump up the money separately from your own bank account? Thanks for responses in advance :)
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Can I sell part of my garden (leasehold flat)
Hopefully you can help shed some light on this situation for me - The owner of the house that backs onto my garden has recently approached me asking to purchase some of the garden area. The 2 gardens are massively disproportionate (mine is 85ft compared to their 12ft) so I can understand why. The area in question currently…
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Signing contracts/exchange
Hi if everyone in the chain has signed their contracts and we've agreed a completion date is there anything else that could stop exchange?
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Section A Prescribed Information for AST Legislation from 26/03/2015
Hi, I have just receive a letter from my letting agency that I need to sign and send "Section A Prescribed Information for AST" because of a Legislation from 26/03/2015 regarding tenancy deposit scheme. The letter says "the deposit held by this company on your behalf has now been lodged with in a Government approved scheme…
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Libor rate fixing
I have a mortgage with a company ( who appear to be sharks ) and have been paying a rate of 9% since the day dot. The loan is based on a variable rate and has gone up in the past but never down. When rates crashed I queried why it never went down and was told the rate was based on LIbor rates not b of e rates So my…
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Enduring covenants
We are about to move into a relatively new estate, which was built in the 1990s. We would like to add a conservatory to the property, although there is an enduring covenant, which means we have to seek permission from the original estate builders in order to do so. Does anybody else have any experience of doing this?…
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How long after accepting an offer should the sale take?
Just a quick question as I can't find a search answer to my question . Basically after a year on the market in a small village north of the lakes, we accepted 2 offers, both withdrew . We then accepted a third offer and they appointed solicitors as did we. We accepted on 2nd may, appointed a solicitor on the 5th, got all…
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After advice what's the likelihood
Me and my partner are thinking of buying a 1 bedroom flat we are starting to save currently have 5,000 between us. He has excellent credit rating I however dont we both earn around 24,000 each Couple of questions Will we be able to get a mortgage How much deposit do we need What other costs Are involved and how much are…
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How long should I give landlord to return deposit?
I only moved out of property on 18/05 but was wondering how long I should give my landlord to return the deposit? I know it was going to come to this as landlord text me 2 days before I moved out as she had decided she wanted me to paint the whole house white (even though it had horrendous damp which they wouldn't fix and…
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Negotiating with new build developer
Hello, We are looking to buy a property via the help to buy scheme. The price is over 500k and the stamp duty is around 16k. What do people usually ask for with a new build? They have suggested they could carpet, turf and maybe help with stamp duty, but I would like some ideas of what to ask for?
