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Worried about the future.
Think I just want offload as Im getting myself into quite a state. Situation is we had to sell our house 8 years ago to avoid what would have probably ended up a repossesion scenario. I had always owned my own home but lost one when my marriage ended and then later in life when I met my current partner we bought together…
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Broken cooker in newly rented house
Hi I've recently moved into a house I am renting through an agent which is fully managed by them. I understood at the start of the tenancy that the white goods were supplied on a non maintained basis and it states this in my tenancy agreement, I did say when I went in to sign that I was happy to sign as long as everything…
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Potential landlord issues
I today received notice from my landlord to vacate my property by 24th June although no reason has been given. I suspect the reason for this is the timeline below November - Toilet was constantly filling as the system inside toilet needed replaced, landlord did this himself which caused water to leak out for around a week…
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CGT on rental - what can be included in purchase price?
I've searched through recent posts and I can't find this specific question. The CGT calculation is based on the purchase price and selling price. I see that you can increase the purchase price and decrease the selling price by including all legal and agents fees (plus, I assume, survey costs). Is there anything else that…
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Advice on setting up a Management Company
Hi, I'm not sure if this is quite the right forum but it seems to be the most applicable. I live in a close of 5 houses with a private road and electric gates. The houses were built 21 years ago and no management company was ever set up to cover communal costs such as the gates & the road. With several houses now being…
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Capital gains tax on flat i used to live in. help please!
Hi all, I'm new to this so here goes.. I have a maisonette I'm selling. it is rented out and has been since 2009 on a residential mortgage with permission to let. I used to live in the flat between 2007 and 2009 (2 years) The flat is above another one as the property was purchased by two of us for 120k and split into flats…
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I'm selling my house - when do I start looking for another?
Hello, Currently selling my home to move for work to a different county (I already rent a property in the area, so timing/having somewhere to live is not an issue). I am looking at properties in a fairly competitive area of the city I am in, but am finding that I am losing out because although I have a MIP, I have not yet…
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When do you pay deposit?
Hi everyone, I was hoping you could help. We are in the process of buying a house and have not as yet seen any contracts but we have paid solicitors fees, land registry fees etc. The solicitors are asking for the full deposit? is this standard procedure? my online research shows that we have to pay deposit before exchange…
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Want to move out but unsure if I can afford it
Hello MSE, So a little background info:I am 26, my partner is 22. Me and my partner live and work in Kent (In a Medway town) at the moment with our respective parents. I cycle to work, but own a car I rarely drive so low insurance/petrol - my girlfriend drives to work but has expensive insurance premiums due to being under…
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stamp duty on a 1st home
i'm getting very confused and receiving conflicting answers to this scenario: my partner who lives with me (and has done for 15 years), doesn't own any of my house or any other property. she is buying a property (without a mortgage) that should be obtainable at £125,000 and has an existing tenant in it that will continue…
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HTB Equity loan or wait for Housing and Planning Bill to Pass
Hi All I am new to the forum so not familiar with the same. I am just curious as to peoples thoughts on this. I understand the HTB Equity loan currently available enables you finance 20% of the house value so as reduce the mortgage requirement. I further understand the loan is interest free for five years then begins to…
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Property dressing -- is it worth it?
I'm selling a one-bed flat in North London. the flat will be empty when it goes on the market, or I could leave some not very attractive furniture in it. Does anyone have experience of 'Property Dressing', or 'House staging'? I mean when you get in a specialist who hires furniture and furnishings to dress the property like…
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Getting a mortgage in London
I am 27 years old, have a 40k deposit and a salary of £48000. I have seen a second hand property that is £275,000, which means I have roughly 13-14% deposit. However, I can't find a bank that will lend me enough to put an offer of the asking price (275,000 - 40,000 = 235,000). The most I have seen is £228,000. What are my…
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Buying for a family member
Hi all. A family member has found themselves in an awful situation. They currently rent and have taken on a new job that is classed as self employed. Round here to buy or rent you must have 3 years worth of accounts. Unfortunately he hasnt even been in the job a year and his current landlord is selling up. Long story short…
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Buying a repo... continuous nightmare!
Hi all, this is my first post =) I'm currently trying to buy a repo house. I'll keep this first bit short. I was the first bidder and kept increasing my bid as I have been out bided. Currently my offer is £48,000 (still waiting to see if this is accepted) but the other person has bid £46,500 and stated that is his final…
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10% Deposit /exchange
I am now all in a tizzy:( I spoke to my solicitor this morning regarding our house sale and purchase, she mentioned getting the 10 % deposit to her :eek: All our deposit aswell as the stanpduty money is tied up in the house we are selling. After the deposit comes in from our buyer there will be £7500 shortfall. I was under…
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Multiple accounts when house buying, good or bad?
Hi guys, just after some thoughts.. When I bought my first house in 09 I had one current account, one ISA & one credit card so all very simple. Now I am looking to move onto a new property at the end of this year and I have five current accounts (FD for every day, Halifax for £5, TSB for 5%, Lloyds for 4% & Nationwide for…
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Proof of deposit -HELP!
Hi all, Me and my boyfriend have just had an offer accepted on our first house and are in the process of sorting out mortgage appointments and solicitors. I have a question about proof of deposit. Our offer on the house is 135k and we are putting a 10% deposit down so £13,500 We have £11,500 of it split between my…
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Stamp Duty emigrated from Ireland
hello, I am wandering if anybody can help me: I had to emigrate from Ireland in 2011. I own a flat there. Now I would like to buy in the UK but I am getting caught in the high stamp duty (costing me £10,800 instead of £3,000). The flat is in negative equity so I cannot sell it without loosing over 15k Is there any hope I…
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Question on buying a parking space on help to buy
I took out a help to buy equity loan two years ago at a new development. Now I'm offered an option to buy a parking space (I was not offered this option at the time of purchase as they had not built the car park then). My questions are: 1 Will Help to Buy allow me to buy a parking space, say I'll be paying with my own…
