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Help to Buy ISA and Loan
Hi, Hopefully some can point me to some guidance on this, as I've been unable to find any. The cap on the help to buy ISA is 450k, and the cap on the market price of a property bought with the help to buy equity loan (in London) is 600k. If you take the 40% London help to buy equity loan on something that is 600k, you're…
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new tax implications for low income landlords
hi all i apologise for asking what should be a simple question, but i just cannot get my head around the new tax rules for landlords.
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Valuation survey recommends retention fee, mortgage offered without retention
First time poster, long time lurker! Our mortgage valuation has recommended a retention fee and has undervalued the house by that amount. The mortgage offer document makes no mention of the retention fee and has offered the full amount of money required for the purchase. Has it been overlooked? Has the lender (HSBC) chosen…
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Renting out my one bed flat yay or nay?
I own a one bedroom flat in the suburbs of London. I bought it back in 2012 just before prices rocketed, I have lived in it ever since. I am now in the position where my boyfriend has asked me to live with him and so I am seriously considering renting my flat out to tenants. However there seem to be so many financial…
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Buying above commercial
I'm currently in the process of buying a loft flat on the third floor above a drugstore that has been there many years, it is in zone 3 in a lovely area of South-West London . It is 0.1 Mile from an overground and underground ( Northern line station) I love the flat it is a large one bed and the transport links are out of…
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Move in date flexible.
My wife and I had an offer accepted on a house on the 27th April. The provisional move in date is 23rd June. (Scotland) We are first time buyers so we've given our notice for the flat we are renting. (Vacated by 28th June) The sellers already have a house they've moved into. We've got our mortgage offer and shown proof of…
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Letting agent issues
Hi all, hope someone can guide me.. So myself and my partner are looking for a larger place to rent since we are expecting a baby boy shortly. We found a lovely house and were told it was a first come first serve basis and that someone had said they were going to take it later that day, so we agreed to paying a holding fee…
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Help! Rules on a lease (with share of the freehold)
This may be confusing! We live in the ground floor flat of a converted house with just one flat upstairs (the house was split in two) We own a share of the freehold and both flats have a part ownership of the lease(basically past owners both bought the leasehold from the landlord so any subsequent owners also own the lease…
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New House Old Electrics and Gas Meters
Hello folks, I'm buying a house that has pre-payment meters and is empty (was rented out previously). I called up and found out who supplies currently, and I should be fine to get them removed i.e. credit checks etc (2 diff suppliers). It can take some weeks though. My question is whether I can take readings before I…
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Quick surveyor question
HI I posted yesterday about our situation, the good news is the builder has said our walls are fine... Received an email of our solicitor today saying the property we are buying that we should have a surveyor out to check the loft that was done 15 years ago, previous to the people who live there now, they have no…
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When to organise a survey
We have submitted our mortgage application and sent in paperwork to the solicitors yesterday. Santander say the average time to offer is 13 days or so.....Am I right in thinking it is best to wait until we have a mortgage application accepted and offered before going ahead organising a survery asking solicitors to go ahead…
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Managing Agents threatening to break in
Are there any circumstances in which a managing agent can break into our flats and have the locks changed. I dont want to say too much on an open forum but it is nothing to do will illegal activity or forfeiture. It is to do with non essesntial reports prior to us taking over the RTM. We feel they are trying to use up our…
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Buying a narrow boat from insolvency practitioner
Hi everyone, First time poster on MSE Forum! Sorry if this post is quite niche but thought I'd give it a shot anyway. My partner and I are actively searching for a narrow boat to buy and live on. We have found one that's for sale as a liquidated asset after a hire company went bust. I've spoken to the IP on the phone and…
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Transfer of Freehold-owning company share - advice needed?
I'm looking for some advice in regards to transfer of a share in the company that owns the freehold of a flat that I have purchased. Here is the situation; * I purchased an inner London Victorian flat with a "share of freehold" earlier this year. * The exchange of contracts and completion went smoothly and we have now…
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Leasehold Flat Purchase - Not Pets Clause
Me and my partner are in the process of buying a leasehold flat. We're about 95% of the way through and only now has the development managing company sent through the Lease Agreement for the flat. It clearly states no pets apart from guide dogs, however all around the development there are clear signs of pets, our…
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Conveyancing solicitors
Hello, I think this has probably been asked a thousand times but hopefully someone can help me :o We have been quoted £2000 for a conveyancing solicitor who the estate agent recommended us. This is way more than we want to pay - we would prefer to pay less than £1000. Can anyone recommend to us any local ones? We are in…
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steps to selling a property
Dear all, What are the necessary steps need to be taken to selling a property? Will it be the same as buying a property? seb
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Help! Buyer pulled out of house sale, how can we keep the house we are buying?
Hi all I am hoping someone might have some advice please? My retired parents are in the process of buying a new build house. The buyers of their current house have just pulled out at the last minute so now they stand to loose the new build which they were due to move into in July. Not only was this a dream house for them,…
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Deposit Question
Hiya, I got some good advice for my brother previously on here so back for some more please Issue with his LL now resolved in terms of outstanding rental payments however there is an issue with the deposit In the written response from the LL to my brother he has stated he has spoken to the National Landlords Association in…
