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FTB after Brexit
Hi, We're first-time buyers in an in-demand area of the East Midlands who are buying a property for £220k that had an asking price of £200k. After Brexit and the rumours of prices falling by 18%, 20%, etc, we're now worried about things like negative equity. We love the house and feel it was listed with a low asking price…
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Shared Ownership Question
Hi all I have been told by L&Q that I'm not eligible for shared ownership and I just wondered whether anyone else has come across the same problem, or got round it with other housing associations. I would like to purchase alone but have a partner who owns a house elsewhere. I would like for him to live with me but not be…
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Offer accepted on house in London what to do following Brexit?
Hi, We had an offer accepted on a proper in south London a month ago, but we're unsure what to do post Brexit vote. Any help would be greatly appreciated. We are first time buyers with a 10% deposit. We've had our mortgage accepted and have already paid for our homebuyers survey. This is our first place, so we will…
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Stamp Duty Surcharge
I own my home mortgage-free. It is up to for sale but no offers yet. Last week, I had an offer accepted on a property which I want to move into. It would be my main and ultimately my only home, but I could be in a position of paying 3% extra stamp duty. While I could reclaim, I dont have those funds available. Could I…
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Section 25 not 21
Good Evening, A friend of mine has just been issued with a section 25, but she is a residential tenant. She was aware she was going to be receiving notice to leave as the property is going through the process of being sold. From what I can see, a section 25 relates to a business premises and is totally invalid in these…
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What's next house buying process
Hi, My solicitor sent me this today and am wondering what the next step is? "The draft contract has been received and I have this morning dictated the contract report to you. I have raised enquiries on the title with the Sellers Solicitors. Mortgage offer is now in and I have to check this and also your searches which…
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How quickly....
So we accepted an offer on our house on Friday from a BTL investor I quickly got a solicitor and rang my estate agent today to tell them. They said oh she hasn't given us her solicitor details yet :/ is this a bad sign ? I know it's only Monday but I'm worried she will pull out as we have found a house we like and had an…
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Solicitor accounting error- do I have to pay them back?
I recently completed a house purchase. The mortgage advance from my mortgage provider had a fee which was deducted - meaning that there was a shortfall in the overall sum transferred to my solicitors. The sale went through, the solicitors made the full payment together with the deposit money I transferred to them directly…
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Brexit risk: exchanged waiting for completion
I exchanged contracts on a new build using the London HTB scheme, currently waiting for completion expected in October. My mortgage is with Barclays and I can't help but worry whether they might not be tempted to withdraw their offer. Barclays share prices dropped >30% since the Brexit, with their large exposures to the UK…
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SDLT and granny annexe
Anyone recently experienced a house purchase with a granny annexe and the SDLT issue? Appreciating back in April there was a u-tune on the increased SDLT for granny annexes a part of a property purchase, my solicitor has just mentioned this may actually apply to us if we opt for the property we want (I don't know why!) and…
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What is a reasonable amount of time for rental deposit to be returned?
We moved out of a rental property a month ago which we'd live in for five years. Following the inspection, the agent told us of a couple of minor cleaning issues (which I dispute) and that the carpets needed professional cleaning as there were pet hairs present (fair enough, we had two dogs, and though we'd vacuumed and…
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Buying House - Offer Accepted - Brexit Advice
Hi all Appreciate there will be a lot of similar threads on the go about this given recent events, but everyone has slightly different circumstances so feel the need to post one of our own. Firstly, like most people I never thought we'd be stupid enough to vote to leave the EU and we enjoyed a painless process of viewing…
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Trying to sell a 50% shared ownership house
Hi All, Hopefully i have posted this in the right section of the forum. I am after some advice, my 50% shared ownership house has been up for sale for 13 months, initially the valuation was for about £8k less than I brought it for, but it was something i expected and a hit i was willing to take. Anyway i had a fair few…
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A question for a broker or two :)
Hello lovely Brokers, DIP done the turn around was startlingly swift, broker submitted for full mortgage.... tumbleweed Have you noticed a slow down to processing by the banks? I admit this would be both expected and unsurprising given everything that kicked off last week. The submission was due back on or around the 20th,…
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Offer accepted on house
Hi, A few days before the eu referendum we we had an offer accepted on our first house. We managed to get some money off the asking price and as the house is in need of modernisation we felt is was a good investment. Unfortunately the outcome of the referendum has left us in a difficult situation - do we proceed or do we…
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Historical movement, non existent reports, near exchange!
Hello all, I'm new to this forum but would appreciate any help! I am a first time buyer buying on my own but with a sizeable deposit of about 30%. The house I am looking at is a Victorian terrace (1890-1910 ish) mid terrace and has been extended into the alleyway to provide an extra shower room and storage. This was done…
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Parents are in and I need to move out?
My first post so hopefully all will go well ;-) I have been to my bank, a big brand advisor and an independent advisor (i think) and I have a collection of info, some of which is conflicting. Here is my position: My Mum and partner (long term) needed to move back up to my home town where they had sold up to go rent down…
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contract wording
What does this mean in contract of sale (house i'm buying)? Specified Incumbrances All matters contained in and referred to in the property and charges registers of the Title Number with the exception of financial charges as at 14.30.02 on 1st April 2016 Contract Rate 4% above the base rate of HSBC Bank plc from time to…
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Negotiating After Survey
Hi, I'm a first time buyer and just had the survey back on the property we are buying and it's highlighted a number of areas which need urgent attention. I'm getting a friends dad who is a builder to look at the survey and put a quote together for the work. Our offer on the house was already at the high end so I don't…
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Interesting article on new SDLT rules
Apologies if this has already been posted before. Apparently some people have been charged the extra 3% in error, despite questioning it at the time, and were wrongly advised by their solicitors. http://www.telegraph.co.uk/tax/news/chaos-over-new-stamp-duty-rules-i-overpaid-13000/
