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Cancelling contract in 14-day cooling-off period - help needed please
I signed a contract to sell my flat with an estate agent nearly two weeks ago. I'm not happy with the service so far and want to cancel before the 14-day cooling-off period ends (I signed the contract in my home). My concern is that there is mention in the contract that I will be charged for services provided so far but…
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Lease Extension _One defnitive formula that can be used
Hi All, today I attended an auction for the first time to see how it runs etc.. One person made an offer on a two bedroom flat priced at £145k but only 20 years left on the lease. To me, Im thinking the cost of the lease extension will be astronomical ( £40k+, at least ) so my question is this; Is there a definitive…
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Contract Race
Hi again, I just found out today that the property we made an offer has had another offer made by an undisclosed party for the same price. The estate agent has now advised that a contract race is taking place ( i.e whatever party can get their surveying and financing sorted out quicker will get the property ). I had booked…
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Is it better to buy a studio in nice area or a 1 bed in a not so nice area?
FTB with a limited budget of £220-5k. I've got my eye on a studio in Walthamstow. The only thing is it's opposite a school playground. As it's in London would it be affect resale value? Or should I try to get a 1 bed somewhere like Upton Park, Plaistow or Manor Park? Basically which would be better in terms of value do you…
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Loft and Cavity walls
Hi All We just recently secured a mortgage and everything happened so quickly, it seems that we are at the final stages but this seems to of stalled a bit now. We are waiting on documentations from 2 installations that took place, loft and cavity walls. It seems that with these installations there are supposed to be a…
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Starting to rent and want to be safe
Hi guys, I am going to start renting and I was told I will get the forms emailed to me. Then he said I will also have to transfer some money, fees, etc? Is it normal to transfer money to the agency bank account? I just want to avoid being scammed. Thanks!
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What to do with the money between houses
We've just sold our house (yeah!), but it will be at least 6 weeks, probably longer, before we buy another house. Can anyone advise us on what to do with the money in the short term? thanks.
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Withdrawing 'cash investments'? Buyer stalling?
We accepted an offer from a 'cash buyer' in early April. They told our agent they had the cash in the bank. We're all ready to exchange and have been for weeks - up until now the reason for not exchanging has been a wait for a search which has now apparently come back. Our agent asked the buyer to now exchange this week…
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First Time Buying with Lease Restrictions
Advice needed! We are first time buyers, self employed, so have had to jump through lots of hoops to get our mortgage. However we did! Mid December we had an offer accepted on a flat, the vendor was deceased and the sale is going to a nominated charity. There have been multiple points that have arisen and taken a long time…
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Should i wait until after the EU referendum before buying my house?
We are in the process of buying our first home as a married couple (and moving out of my parents), but because I spent my savings 2 years ago as a 24 yo on a buy-to-let (rented out atm) we have to pay the higher stamp duty rates. the result is we are ony able to afford a 5% mortgage, and will not have much cash left at…
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Restrictive Covenant Indemnity Policy - A Con?
Hi, I have just received an e-mail from my solicitor stating that my property has a Restrictive Covenant on the land sale (1924!), and the current policy on it (wait? what policy?) was taken out in 2006 and the house is now worth more than that policy, so the buyer's solicitor is demanding that we pay for a new policy.…
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London Help To Buy apartment due exchange 17th, should I wait until referendum
Hello forum, I'm in the processing of purchasing an apartment in London E10 area and I'm taking advantage of London Help To Buy scheme for 35% equity loan. Both my solicitor and mortgage adviser told me the process is going very smooth and they expect all paper/mortgage offer to be in place early next week and I'm expected…
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Help to Buy & Shared Ownership
Hi All, Apologies if this has already been asked/it's in the wrong forum. When I signed up for the Help to Buy ISA as I was informed that as long as the property I'm buying is under the threshold it would be valid. I also checked that if I was buying a shared ownership it would be ok if the value of the property was above…
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Joint tenancy issues
Hello all! I've been in the process of attempting to rent a house through a local agency (first time!). My partner, who lives between my current address and his father's address will be moving in with me (all his work stuff comes to my address, and his bank stuff to his old address). I initially wanted a tenancy in my name…
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End of tenancy issues
I am currently a landlord but I am in the process of selling the property. I still have tenants in situ but they have been made aware of what my plans are. I placed the house on the market and got a decent offer which I have accepted. I gave my tenants 2 months notice on 1st June stating teh agreement would end on 31st…
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Renting student accomdation, inclusive or not?
Inclusive seems the best deal but just wanted a few opinions. I am looking just for summer months as have somewhere to stay after that and for 1st year commuted. I originally looked at somewhere that was £50 a week which had water and internet but no electric, in student/first time buyer part of town where I am going to…
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Help...Home Build Dilemma
Hi Everyone., I am currently in middle of having a new house built by Barratt Homes. Up until now, everything was going ok, the foundations are down and the walls taking shape. However, last week, when I went to view how things were coming along, I was shocked to find that my plot has significantly been reduced by roughly…
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Are solicitors able to hold money after sale completions
I am in a very lengthy house sale process of what was my old matrimonial home. Both myself and my buyer are in a position to exchange and complete but my Solicitors are refusing to do this until they have my ex husbands certified ID documents. Is it not possible for Solicitors to hold his share until he has provided the…
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Being Ignored by our Letting Agent
Hi All, We have been sending emails to our letting agents for the last 2 months and are being ignored (we CC in 2 other of their email addresses). We visited their office, and they said no-one from "Letting" was available but assured us someone would be in touch. (They never did). Everytime we try to call, no-one picks up.…
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Extending Lease on a Leasehold Property
I’m wanting some advice regarding my leasehold. We have a mortgage and we have currently got 63 years left on our lease. We would like to move but with the short lease this is not possible. We have contacted the leaseholder (we had to use a solicitor to find out who owned the freehold due to it been sold last Oct without…
