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Mortgage Offer By Fax
I'm due to sign for my new house tomorrow however i got a phone call from my solicitor last week saying they still haven't received the mortgage offer from the bank, turns out the bank had sent it to the wrong solicitor. This was cleared up and sent to the right solicitor but had a further phone call today saying it still…
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Evil residential management company on new build estate
Two years ago my partner and I bought a freehold new build property. We were vaguely told there would be an annual charge to keep communal/shared areas maintained. Our development is large and houses are still being built and it has only recently come to light that the management company haven't officially taken control…
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communal road repairs
we live in a cul-de-sac of 7 houses which has a private road and according to restrictive covenants in the deeds, each house is responsible for a share of the road repair costs. One of the houses is let out via a letting agent and owned by a person who is non resident. If all the other houses agree to the repairs but we…
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Renting the house you are buying
Hi Quick question our sale has fell though on the house we wanted, we want to keep our buyer, we have also found another house, put an offer in and been accepted. The person selling is getting divorced his partner has taken everything virtually out of the property, he is going to live with a relative. We are contemplating…
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Missing planning permission
It has come to light that the property I am in the middle of purchasing, has no planning permission for the detached garage on the grounds. The current seller did not build it. I am hearing mutterings of "indemnity insurance" that the vendor can take to protect me.I'm not sure how far reaching this is and my solicitor is…
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help buying a house project
Hi, I'm new here but didn't know where else to go after feeling i have exhausted all options. My wife and I have found a house we are in love with. It's in the countryside, with a river in the back garden and is cheap cheap cheap. It's guide price is £46,000. It's going to auction which makes things a bit more difficult.…
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Re-negotiate after survey. Advice pls
Long story short. Full survey has highlighted serveral issues with the house we want to buy. Roof has one major hole and several little ones. We have quotes for doing all the holes coming out at £4k+ so reoffered accordingly. Seller comes back only willing to drop £2k (after quote he had last summer to repair big hole).…
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Freehold Management Company Charges
Hi - be very grateful for some advice! Buying a Freehold property on a private estate of 9 houses. The Developers have set up a Property Management Company and are charging £1 per square foot for the service charge. This seems extortionate to me (it was originally £1.50 a square foot) as nothing more than grass, trees and…
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Buying a shared leasehold: CONFUSED
Hi Guys I'm looking for some pros and cons on buying my share of a leasehold from the property developers who converted an old school into 9 residential dwellings - one of which I own (mortgaged). As a group, all of the residents have been given the opportunity to buy the leasehold for the whole of the plot that the…
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Property Options Question
Hi All, I'm 21, I own my 1 bedroom flat in my uni town outright and I'll be finishing my degree next year. I'm already looking at up-scaling to a 2-3 bed house in the area and was wondering what my options were regarding getting a mortgage with the help of the flat. Should I rent it out to help with mortgage payments and…
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Tenancy in common question
Hi Everyone, I'm buying a house and my partner of six years is helping me out by being a joint mortgagee. The situation is I'm putting down 33% equity (my own money). I will pay the mortgage and all the other expenses. Basically we're just using his proof of income as a way to get the mortgage I need. He's staying in his…
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4 weeks and 1 viewing- HELP!
on RM- PL31 2FD £212,500 Hello- been on the market for 4 weeks and 1 viewing. Ive lowered the price twice and it is now at the very lowest I would go to as I really want to sell. Two estate agents valued the house at £205-210. Ive reduced the amount of pictures on display, Ive added a description about the town but really…
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Zoopla estimates
I bought my house for £135K 18 months ago, and it had been on the market for £145K. When I checked the Zoopla valuation estimate last month it stood at £181K (admittedly, I was rather sceptical) and a quick check this morning says £154K. What is going on? I know the market fluctuates but given that the last time I…
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Buying A Home Or Private Renting? Which Is The Best Option?
Hi Folks. It's been a long time since I posted here but I thought I must as I have some decisions to make. As some of you may know my mother died in November 2015 and left her house to me and my 2 sisters. My mum left a third of the house to the 3 of us. The house was sold and I got my inheritace a few months ago in…
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Public Sewers in Garden
Hi all, I was wondering if anyone had any advice as I am going round in circles on this one. We are about to exchange (pending a few final issues being ironed out, including this one). The house is Victorian and hasn't had any extensions. There are three manhole covers on the patio of the house. The patio has a concrete…
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First time buyer thoughts on survey outcome.
Hi all So we had a full survey on a property we are buying, no urgent requirements just further investigation, two main things that bothered us are 1- cracks evident on back wall suspect these have been caused by lack of lintel to patio/door window. Would you get a structial engineer out to look at this before purchasing?…
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Capital Gains tax on a family purchase
Hi all, I am hoping somebody can help me please, bit of a long story below! In November 2015 we bought our house from my in laws. It was a discounted purchase in which we used the difference in the price they were offering to sell to us and the house value as our deposit. My in laws always knew we were only going to stay…
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Buyer buyback offered - what's reasonable?
Recently we have been offered by a national homebuilder to buy back our property for various reasons. Since moving in June 2016, we have lived with many boxes unpacked due being advised rectification works in the affected areas would be done soon. We have made several investments into the property since purchase, costs we…
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Can the landord Evict us?
Me and my partner started renting a property in september 2016 on a 1 year fxed contract. About a month in to the tennancy we noticed mould growing in the master bedroom. We call the landlord and she sends her son around to look at it. he advised us that it will go away if the windows are opened daily to let air in , when…
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stamp duty question
iam thinking of buying a house to rent out,the house is going to auction soon,there is a £6000 buyers premium on top of the sale price,the house is up for offers around 40k,if i won the auction for under 40k,lets say 39k then the 6k buyers premium,does this make it liable for stamp duty.
