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When got deposit what do we do?
Hi guys December we will have almost 10% of the morgage we are hopefully trying for, we both work full time with no kids, good credit and one is on £24,000 and other is £15,000 year, trying for £90,000-£100,000 morgage, they did a rough check 1 year ago before we even took out isa's and said they would offer £95,000 it…
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Would you buy a timber framed house?
1985 timber house... Or a 1950 masonry house... I have read that timber houses have a shorter lifespan and once damp gets into the frame, it can be extremely expensive to repair
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Second Home Stamp Duty
i am in the process of buying a house. I live in rented accommodation but have a house that I inherited which I rent out. It has never been my main residence. I am assuming that when I buy my new house I will have to pay stamp duty in line with owning two houses but a friend says that this is not the case as the inherited…
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Gap at top of window, help please
Hi all, I've recently had to move and have managed to get a 1 bedroom flat but I've noticed that in the living room is a gap (about an inch) where you can see daylight all the way across, apologies for the poor photo but the gap you see daylight through is all the way across although that can't be seen in the photo I only…
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Emotional ties and renting
I inherited the family home over 18 months ago, I was unsure what to do so rented. It's been OK but I found the responsibility a bit daunting at times. Now they have left I am finding being there still upsets me so it's made me evaluate that perhaps I should sell. But the sensible part of me says hang on where else could…
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Access to a file held by letting agent
Hello all, I am hoping that somebody may be able offer some advice on obtaining information held on a letting agents file. A bit of background info first. We have been tenants at our rental home for close to 2 years with the initial contracts issued by Your Move along with information relating to the extension of. Anything…
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Selling - documentation and communication
Apologies if this has been done before, a quick search only revealed a timeline thread from 2014 and the current 'waiting to exchange' thread but we're not that close yet. Accepted an offer on our house around 14 May. Received documents from our solicitors around the 20th, returned in person on 25 May so that we could…
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Capital gains tax
I own a house, but have not lived there for 2 years as I have been living with my partner in his house. The house I refer to is my only house and is in my sole name and is mortgaged. The house where I live with my boyfriend is his only house and is in his sole name. If I sell my house now, do I have to pay capital gains…
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Advice please: looking to sell home & buy
Please can anyone give me a little advice for my sanity! (I am going to book a meeting with a financial advisor in the next few weeks - I just need some info to tide me over till then). I currently have a mortgage on a flat and I would like to sell it and buy a house. My current mortgage balance is £143,000. I believe my…
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Buying half a house from friends sibling after death of their mother
Hi all. My good friends mother died last year and left the property to him and his sister 50:50. He still lives there and she now wishes to sell the property. She has given him until September when she wishes to put it on the market of which she states is all legal and above board. The house is roughly worth £330k and is…
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Buy one house or three?
I've luckily paid off my mortgage... I have enough cash to buy a very cheap terrace house 'up north' so that my daughter could have a secure tenancy, though she would pay me rent as I don't have a pension and I would get more than in a savings account obviously!!! My question is, buy one house outright and rent to daughter…
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Homeless in 10 days refused RSL allocation
I am disabled, have clinical depression, parenting 2 teenage grandsons since 2004, on income support since then, and my mortgage is due for repayment. I decided to sell, as I did not want any surplus to pay if it was re-possessed and auctioned. I will be left with £25,000 equity on completion in 10 days. I am classed as…
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Shared ownership - options
Evening all This seems like the best place for some advice so hope to get some help! DH and I live in a home we 'bought' through our local housing association two years ago. I say 'bought' as it was a no deposit scheme on a shared equity basis, based over a 35 year period. We pay them the mortgage payment, that goes up…
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Process for selling property to partner
DS bought a shared ownership flat with his girlfriend and moved in just two months ago. They have just decided they want to split and she is interested in buying the property (with a little help from her parents). Fortunately both paid equal amounts towards the deposit and the flat has at least held value. They spent quite…
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Second Charge Mistake
Hi folks, I would really appreciate some advice. My wife and I took out a Momentum Mortgage with the Ulster Bank in 2009. This basically allowed us to purchase our home with the developers paying the 5% deposit. This would not be payed back if the value of the house did not rise by atleast a 5% and it also entitled us to a…
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Buyer not responding to agent
We accepted an offer on our property 7 weeks ago. As soon as we accepted the offer we appointed our solicitors and presumed all was going through. However we only had the mortgage valuation completed on the house at the start of last week and then the following day our estate agents called and said they could not contact…
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Is it worth viewing houses 30k above max budget?
Hi I have been looking to buy properties for a while now and last year when I started there were a few on the market at the top end of my budget (350k) but I was unsuccessful due to one reason or another such as being outbid, cash buyer etc. My area is quite wide covering the Bromley/Beckenham area. since the stamp duty…
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Renting out prior to lender's agreement
Hello I do not know if this is the right place to ask, but would like to seek for advice. We purchased a property with a help to buy scheme last year and was living there, but because of my husband job that requires frequent travels (he is in British armed forces), the house was vacant for half of the time - so we decided…
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Vehicle Crossover Applications (Dropped Kerb)
I expect that the answers will be different depending on which council serves you, but I wanted to see what experiences people have had (if any) in applying to widen a vehicle crossover / dropped kerb. The one outside our property is barely usable because it is narrow (narrower than any others on the street, even though…
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Selling house - No Building Reg Certificate for extension
Any advice is appreciated. We had a single storey kitchen extension to our property in 2011. The works were inspected by the local authority Building Control several times during the construction but at completion of the works - our builder did not apply for final certification. We are now in a position that we are Sold…
