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One house or more, what would you do?
If you had 100k what is the best option for using your money: 1. buy one property with 50% equity to live in 2. Put 50k down on two properties (25% on each) live in one and rent the other out?
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Urgent advice please - covenant/indemnity?
Meant to be completing Friday, slow progress but been sent this and I don't understand some of the terms and implications. Could anyone please kindly advise before I go back to the solicitors? Thank you kindly --- We have received a response to our enquiries from the vendor’s solicitor. They have advised that the porch was…
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Stamp Duty Guidance Please !
Hi, I live in Scotland and recently moved from a 70K property (which I have chosen to retain as a rental property) into a circa 200K property. I have had to pay the stamp duty or Land and Buildings Transaction Tax (LBTT) as called in Scotland on the new home + the additional LBTT for purchasing a second property. In all…
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Compulsory purchase pending - any tips? Any DOs and DON'ts? Legal firms to recommend?
Hi, We own a leasehold tenanted property which has now been included into a Council's regeneration programme and is due for demolition. While I may strongly disagree with the cabinet decision to do so and I really do no wish to loose my very well located flat, I understand that I will need to deal with this somehow. As a…
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How much do we do before putting the house on the market?
We are looking to get the house valued very soon with a view to putting it on the market if it holds enough equity. The question for me is - how far do we go before stopping and getting some valuations in? The property is a 1930's detached which we have owned for around 8-9 years. Wehn we bought the place it was clean and…
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Moved out but still contacted
Hello - I was wondering if you could help me with a problem. The story: In feb 2014 I moved into an apartment with 2 other friends - we moved in with Reeds Reins as our agent who added myself and person A on the lease (person B wasn't working at the time so didn't get put on). A few months in the relationship broke down…
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Am I Paying Too Much Rent?
Is there some sort of law or committee that can decide what is a fair rent? My landlord has been told by his estate agent that he has been advised to increase the rent by £20 per month. How do I know this is fair and that they are not taking advantage. Is there some sort of 'body' that can tell me if what they are asking…
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Laminated flooring upstairs, against tenancy agreement
Nobody here can probably help but i am just going through a rough time and need to vent. I live in a housing association property, in between two men whom have severe mental health conditions and have took an unhealthy interest to me. I believe the HA were aware of both these tenants conditions. This is not a rant on…
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Adding partner to deeds when switching to Buy to Let to reduce income tax
me and my wife are about to buy a new home and switch our existing one onto a BTL mortgage to rent out, the existing property is in my name only for the deeds and the mortgage although we have both lived in it since I bought it 6 years ago. I would like the BTL rental income to go in my wifes name as I pay higher rate tax…
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Help with wording explanation to EA..
Our house has been on the market for 9 weeks, with a price change to "offers in excess of" £200k which I was uncomfortable with, but constantly called about for a week until I gave in. Following this, we have had 2 people put in offers below £200k, as I had expected and the EA had assured me wouldn't happen!! We were…
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Gas meter access
I bought my leasehold flat last October. It's a 2nd floor flat in a Victorian terrace. The flat below me is rented out by the freeholder and the freeholder has recently sold his business so is no longer working in the shop downstairs. Since leaving the shop, the freeholder has not given me any contact details whatsoever. I…
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Affordable housing: advice please
My daughter and her boyfriend are interested in buying a new build property that is on the affordable housing scheme. Anyone have any experience of this scheme, good or bad? Any advice gratefully received.
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Exchange contract deposit query
Hi we are meant to be exchanging on our property this week. We already own our new house and are therefore only selling ours before moving into our renovated property. Our solicitors have contacted me today to say our buyers have said out of the blue after agreeing to buy our house back in June, that they cannot afford the…
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Wilful damage discovered after move out inspection
I'm asking this for my family. They moved in the day after the old tenants moved out. The owners did a walkthrough inspection and all looked good. However, each day has brought new misery for my family that now rent the house. Move in day, went to take a shower and water was pouring through ceiling. took panel off tub and…
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Partner lost job, walked in to another.... So do I need to tell mortgage lender
In a pickle, We have received a mortgage offer for a new build home (due for completion end of Oct-16). My partner lost her job today but has got a new one already in a similar job at another company on a the same wage. Will we need to tell the lender? I mean... we can still afford it. So do we just keep quiet?
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Beneficial interest in property
Hope someone can advise me please I am in a messy situation. I have been with my partner 18 years with two kids, never married. I bought a house 15 years ago in my name and have just finished paying the mortgage as my partner wasn't interested in property and had a bad credit score. Anyway, nextdoor was put up for sale…
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Landlord changing moving in date
Hi All, So we went to view a property to rent at the beginning of August found one, paid for referencing which was passed fine. Was supposed to be moving in 26th September. I've already handed my notice in in my current property as i have to give a month. Today i get a call saying the landlord cant let the property on that…
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Buying house with mum
Hi all, I don't know if anyone will be able to help but I'm after a bit of your know-how if possible :-) My mother currently owns her property outright and we're looking to sell that property and buy a 3 bed property again outright but in both of our names. Unfortunately due to my mothers age I will be unable to get a…
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Restriction on land registry title delaying sale
I originally purchased a 35% share in my property under the shared ownership scheme in January 2011. In August 2014, I staircased to 100% ownership of the property. During 2016, my property has been on the market for sale. During the process to convey the sale, the purchaser solicitor’s searches returned a result that…
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Fustrating situation - Taylor Wimpey - can anyone help?
Hello. I am in abit of a unique situation and feel like the computer is just saying 'no'. My wife and I want to buy a family home - my gross income is 38k and hers is 27k - but she is contracting with about 6 months left on her current one.. but is looking for a permanent job. We don't have any loans and have saved up…
