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We found the house we r buying is ex-council just a week before exchange. What to do?
We are FTBs and really nervous about buying a new house as we are putting a lot of our savings in this and also it is a big commitment. We liked this property in an up and coming area of Birmingham. The property is a good sized 3 bed semi-dethatched with good front and rear gardens. We put in an offer that was accepted and…
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Help required on lease extension
My mortgage lender is requesting a £500 fee for their solicitor to agree a lease extension... I can find no mention of this in Martins guide... is this a usual fee to pay? Thank you.
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Did I get scammed? No communication after Landlord recieved deposit
I'm hoping someone here could either put my mind at rest or tell me what to do next. I viewed a flat last Saturday that was perfect (well within budget, great location, available at the right time, much nicer interior than I had expected) so I agreed with the landlord to sign contracts and send the deposit over ASAP. (I…
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Is it possible to conclude in a week?
We have the mortgage offer, the help to buy has been approved, we have the habitation from the builder, we are meant to be receiving the NHBC for the house today. From what I understand, they issue a 14 day notice when they receive the NHBC and that's to give our solicitor enough time to get the funds in place and set an…
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Buy another property while on help to buy
Hello , One of my friend has bough his first house with help to buy. now he is planning to buy a new property as an investment? i was thinking we are not entitled to buy a new property ( investment ) while the help to buy loan is not closed ? any feedback ?
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Trainline parallel to garden. Privacy?
Hi all, Purchasing a house with a railway line parallel to the garden. We visited the house a couple times, waiting outside, inside, up the road etc etc to hear trains. We think its manageable. I found every train time passing the house , did a lot of research and found an average of 2-3 trains an hour. What I didn't…
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Buying a house before selling mine
Hi, I probably sound really silly asking this, but I was lucky enough to be able to buy the house I have now as a cash buy, so I don't know anything about mortgages or lending. I'm looking to downsize and free up some capital. My current property is worth around £210,000 give or take and I want to buy for around £110,000.…
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Checkout inventory time
I have a tenant leaving shortly (within the next week). I am using an inventory company that did the check in. I have a date to give the tenant, but try as I might, I have not been given a time. Is there a minimum time allowed(legally) for me to let the tenant know, as I think it is wrong that she should (at the moment)…
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Could someone tell me what this means please
Hi, I am just re-reading my mortgage offer and am wondering if someone could explain what the following sentence means please "Our solicitor must report to us if the contract between the seller and the applicant involves an Assignable Contract or Sub-sale" Thank you
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Can we withdraw our notice to leave rental?
Hi We've been in a rental property for 20 months; on the 1st August we made an offer on a house. The offer was accepted and the mortgage process began. Our rental contract runs from the 2nd of each month, so in September we gave 2 months' notice which takes us to 1st November. However, it seems that we may have been a…
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Trouble using the same solicitors
Our vendor is using the same solicitors as ourselves. We had our own solicitors before from a failed purchase, but were recommended this approach by Agents as this was thought to speed the buying process up. We received our offer from the lender (Coventry) a couple of weeks ago. I rang our solicitors to check if they had…
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Insurance company queries re "distance from nearest watercourse"
When insurance companies ask how far a property is "from the nearest watercourse" and a property is partially in one "band" and partially in another "band" as regards falling within their "distance bands eg within 200 metres, within 400 metres - how do they judge which band yours falls in? Do they go by "any part of your…
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Selling an inherited property - structural issues
Hello, I would welcome some advice please. I am in the process of selling a property that I inherited from a relative earlier this year. The potential purchaser expressed interest very early on in the selling process. Following the surveyor's report, the property was found to have some issues with sinkage, and further…
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Selling my new build flat after 2 years
I bought a flat 2 years ago when I was 21 for £90,000 under the help to buy scheme so I only had to wedge a 5% deposit in (roughly about £4500). Worked out where I was working at the time I'd be able to cope okay with bills etc. 2 years on I'm really considering my options, especially with work and where I live. I hate the…
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New Build Purchase - plans have changed without consent
Hi I agreed to purchase a property back in July and paid a reservation fee based on the plot and its dimensions which was a 3 bed semi detached with a drive. It was to be the final house in phase 1 of a new development. By sheer luck I have stumbled across plans and basically the developer has changed the layout of our…
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Rent Guarantee Insurance
A family member rents out a property and would like to buy Rent Guarantee Insurance cover in case the tenant defaults and is unable to meet the payment. This would cover rent and legal expenses. There are several firms offering cover and are underwritten by an insurance company. They are regulated and authorised by the…
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Indemnity insurance
The house we are due to exchange on next week has had an extension but the vendors say they didn't need planning permission and the final documentation that needed to go to the council wasn't sent. Our solicitor has said to get indemnity insurance to make sure there is no come back on us. She seemed to imply the vendors…
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First Time Buyer... House or Save?
Hi this is my first post, please go easy, i hope it's a legitimate question. Bit of introduction first.. I'm currently renting (a nice house, long term), first time buyer, have been looking to buy a house for over a year now. I've had the deposit saved for a while and had spoken to a mortgage advisor over a year ago, just…
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Force the sale? What else to do?
My fianc! and I are trying to sell his house. He split with his ex 4 years ago, he lives in the family home with his children although they stay with their mother also. His ex has committed fraud against my fianc! and was given custodial sentence. There are many repercussions from this, bailiffs, bad credit, secured loans…
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Frustrating... Any tips?
Hi all, All parties in my 3 house chain will have signed by end of business on Monday so exchange will presumably take place on Tuesday. I'm in the middle, our buyer is an investor and our vendor is buying in a different transaction so will be renting in the interim. In the past he said he would move into a hotel to allow…
