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Anyone work in an estate agents?
Wanted the opinions of anyone working in estate agents please. Recently started a small business and at the moment advertising everywhere we can. We do house clearances and wondered about asking in estate agents if we could leave some business cards with them assuming they must have sellers now and again that need the…
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Does anyone know what a Freeholder Loan is on leaseholders service chg account
I am surposing its a loan or money taken out by the Freeholder but what would it be for and does it have to be something related to the flats. Secondly does the money have to be paid back to the account when we take over as a RTM Company in August ?
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Legal Advice Please? Neighbours claimed pathway that wasn't theirs?
The house behind our garden asked the previous owners if they minded putting a new fence up, to which the previous owners said no - it was only once it was up they noticed they claimed part of the access pathway. This was only about 2/3 years ago they did this, and they're the only house on the other road to have done this…
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Leasehold Flat Section 20 Issue
Hi All, Hope someone might be able to help me a with a little bit of advice please. I own a leasehold flat and I have just been given a section 20 for some work which will be undertook. Part of the work is repairs to a external fire escape at the rear of the building. There are 4 flats, including mine, two at the front of…
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Warranty for victiorian house
Hi, I'm looking for some advice, I am a first time buyer and have had an offer accepted on a Victorian terraced house. The mortgage lender has completed a valuation and the valuer has deemed the property as being a refurbishment. In order to go ahead with the mortgage with the Halifax they have requested that the valuer…
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Shared Ownership Staircasing - Multiple Valuations
Hi all, wondering whether someone can advise me on the feasibility of something I'm looking into. I've owned a shared ownership flat 50% for two years and am now looking into staircasing, which requires a RICS valuation. The housing association owning the other 50% have provided a list of approved valuers to choose from…
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Undertaking for new lease extension
Buying a Flat : seller is in the process of extending the lease to 999 years but its very busy at land registry at the moment . (They have not given any time scales) The EA has said that the seller is happy to give an undertaking that lease will be extended. Any pitfalls of doing this ? or should we wait until the lease is…
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Outstanding Mortgage and Capital Gains Tax - Can it be deducted?
If a buy to let property still has an outstanding mortgage on it when it is sold does the amount outstanding get deducted in the CGT calculation? If so, can someone explain how? Thanks,
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Buy to Let - use letting agency or manage yourself?
I already have one flat and a letting agency manages it for me. I've always thought they don't seem to do a lot for the money they charge. I've just bought another flat and considering cutting out the lettings agent and managing it myself. Does anyone know of any step by step guides for doing this - I know I need things…
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Conveyancing and surveys
Hi, Just a very quick question regarding conveyancing and the solicitor. Our survey was completed some time back now and when it arrived l sent a copy to our solicitor. He did not acknowledge it and when the issue of the heating being graded 3 was raised on the telephone he said l would have to sort that out with the…
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FTB: Exchange (hopefully) this week, completion in 2 weeks. What can I be doing now?
I am a first time buyer, moving from furnished rental accommodation into a house. Is there anything I can/should be doing now or between exchange and completion to make sure the move goes smoothly? Everything is in place on the admin side for exchange (10% deposit is with my solicitors, the rest of the money will be…
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Stamp duty split
Hi If i buy a house for £57000 with a friend both 50% share do we still have to pay stamp duty of £1710 or not. As 50% is only £27500 each and under the £40000 that stamp duty starts. Thanks for any help
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splitting second dwelling from main dwelling
Hi I am looking for some advice regarding the splitting and sale of a two bed bungalow to my daughter from my main plot. The issue is that the sale of the smaller dwelling would be at about half of its value as my daughter could not afford to purchase at full value. The sale is needed to fund the finishing off of the main…
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Renting or selling parental home
I am currently clearing out my parents' house. We planned to rent it out (being quoted to get between £1000 - 1200 a month not including letting fees), but I wondered if it may be a better option to sell the house and invest the money in a high interest account - as the lump sum would not be needed for a while. The house…
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Cutting my own flowers over my neighbours' boundary
Thought you people would know as it's a boundary thing. I have flowers growing up a trellis type fence on the boundary with my neighbours. Can I lean over/reach through and cut flowers that are poking through on my neighbours' side? Do the flowers on their side still belong to me? Just curious really. My neighbours are…
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£190,000 mortgage...
Would anyone be able to guide me to a website that could advise on affordability? Background, we have seen a house for £240k, we have £60k of equity in our house if we sell for £185k, which is very realistic, so around 25% deposit (for a re-mortgage) Our household income net is £2400 a month, no debt, no credit cards etc,…
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Rent to tenants with CCJ
Hello, I have no idea what to do in the situation I am facing now, and would like to seek for advice. The tenants have been living in our property for a year and the contract is due to end this month. Last year, tenants paid a year rent upfront after selling their own house so there was no issue with paying the rent at…
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Switching current mortgage to a letting mortgage to work abroad (Help to buy equity l
We are looking to move to Canada for a year to work and possibly travel for a bit afterwards. At the time of buying we owed £112,000 of an equity loan. When we took out the initial mortgage we was earning a lot less and now are planning to add the entire loan to a mortgage so that we own the whole thing. Am I right in…
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Where to put cash from house sale?
Just about to sell our flat and we haven't found anywhere to buy yet. While we're waiting to find something, I'd like the money from the sale of our flat to be put to good use. However, our mortgage advisor advised us against applying for any new bank accounts that would require credit checks, in case this affected our…
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Rent guarantor
My husband acted as a guarantor for his daughter's rent. Last night the agent emailed him and said she hasn't paid for 3 months :-(. He will have to pay , but what actually happens next , will there be a ccj against him , is his credit rating effected or will it be a black mark against her credit rating though he will pay…
