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Should we Gazunder?
Peoples thoughts on gazunder seem to range from 'sure, try it" to "you're evil incarnate". Just some background. A few months back we offered the asking price on a property. Two days later we found a cash buyer has came forward and offered the same. We decided to stretch ourselfves to 5k more (I had reservations in all…
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Retention Not Held Back (Leasehold)
Hello, I recently purchased a leasehold property. At the time, the year end accounts weren't finalised so my solicitor advised they would ask for a retention to be held back from the seller. After completion it was clear: a) The seller had not settled their account, and there were outstanding maintenance charges b) The…
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Property over 250,000 but only H2B in place
After reading Martin's email alert this morning I'm a bit confused about what to do regarding my Help to Buy ISA. Only yesterday my husband and I picked a property we wanted to buy, but it is worth 265,000 and is in Berkshire. Our offer was accepted. Then I realized we will get nothing from the Help to buy because the…
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Solicitor requests 'Proof of funds'?
I have recently agreed to buy a property, agreed the mortgage just few days ago. The conveyancing side of things has started also. I received a letter this morning from my solicitors asking for 'proof of funds' via a bank statement. I obviously have access to provide a bank statement which provides proof of the funds for…
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Housing benefit living in spare room at dad's
Hi all I'm looking for some advice after a 11 year relationship living away from my family and friends it's ended and now I'm forced to live back around where I grew up and where all my family and friends are my dad is putting me up while I'm registered as homeless and searching for private landlords and are awaiting on…
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Mortgage issues Buying house being sold as part X
I wonder if anyone can help! We have bought a house that is being sold as part exchange toward a new build, so technically we are buying from the developer that the current owners have purchased their new build from, as they’ve sold their existing house to us in part exchange for their new one. we had our mortgage approved…
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do I have to tell Council if renting out an annex
I am about to sign a rental agreement in a house tomorrow. The house comes with a self contained annex (not separate water rates or electric, but separate door) The landlord has said I can rent it out as a holiday let. I want to use that just to top up my money so basically part time Rental. Do I have to tell the council?…
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Buy park home, rent or get assistance to buy
I'll try to keep this brief but please stick with me! My parents moved from Yorkshire to Spain 6 years ago but have now decided to move back. My dad had some serious health issues 4 years ago and they both have mobility issues. They've just agreed a sale on their Spanish property and I'm trying to help them sort out…
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conveyancing quote
Just looking fo comparrisons. I've been quoted £1000 +VAT + disbursements by a local solicitor highly recomended by a friend. That's for a leasehold flat (around £350K) in North London. Cash/no mortgage. The only worry is that assumes a straight-forward purchase for 'up to 5 hours work'. If anything complex comes up, it's…
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Leaving the property before end of the contract
Hello Everyone, I have a bit of a problem with the property I used to earn. I was not sure how to title the thread as it is a bit complicated but will try to explain it below. In April 2017 my friend and I have rented a properly. 18 month contract and no break clause. Unfortunately, in June I was made redundant and I have…
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Advice on surveying a foreign property
Hi all I am considering buying my parents' villa in Spain but want to have it surveyed for any structural issues first, so I know what I'm buying from them. I also have a vision for the property should there be no major issues reported. I have been in contact with a company out there who help a lot of expats etc so speak…
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Probate Granted - Assent needed?
Quick bit of background. Father died in December, 3 siblings. IHT paid and Grant of Probate has been obtained. Cash buyer found for property and currently having survey done. House sold for £50k more than IHT valuations. This puts us in the position of having to pay Capital Gains Tax. Solicitor has suggested that to avoid…
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vendors not yet found their new house...
Hi, To cut a long story short, our vendors agreed to take their house off the market and gave us 4 weeks to sell. We listed out property on the market, and it was sold within 3 days. 2 weeks have now gone by since they agreed to take their house off the market (1 week since we sold ours STC). Our buyers are ready to…
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Access Road to Garage been Sold!
My Father has just been informed that the very small access road directly next to his house has come up for sale on Rightmove, they want £12500 for it. It's the only access to his garage and provides rear access to about 10 other houses and access to a school field. Apparently, the council sold the land to a private…
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Buying Flat with Low Lease- Section 42
Hi, We have had an offer accepted on a property that has a lease length of 87 years. As part of the offer, it ha been agreed that the current vendor will begin the lease renewal process by issuing a Section 42 to the freeholder and then assign the benefit to ourselves to complete it. We were under the impression that this…
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Buying a house listed with two or more agents
The house we are in the process of buying is listed with two estate agents. When we made a viewing, we contacted one of them and arranged to view, and subsequently made offers which were eventually accepted. The EA advised it would not be marked as Sold STC until we had paid for and confirmed happy with our survey results.…
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Letting agent increased fees by 50%
Thanks for the recommendations, however the fees are a rip off and the landlord agreed. They rang up and convinced the letting agent to drop the fees to their original price to when we moved in. Yes it's not as great as no fees, but a saving of £110, totally worth it! :money: My housemate is also considering paying half…
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Royal Mail Redirect
Just two quick queries, as when I rang Royal Mail as well as checked their website I struggled to get a proper answer: -When I redirect my post (I've paid for 3 months worth) will they notify companies that I have moved i.e. I forgot about a John Lewis address change and had it redirected- will they update their files? -I…
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Tufnell Park London area safety
Hi all, I’m looking for views from people who live ideally in Tufnell Park area on how safe it is in and around the local area walking late at night and by the tube station etc. We are looking at options to purchase a property and have spent months analysing all the different factors and what would be the best fit for…
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Staying in property after completion
Hi all This is my first forum post and it's quite urgent! I'm selling my property and the buyer's (who are buying to let I believe) mortgage offer is due to expire on 28th Feb (yes next week!) and the lenders are refusing to extend it. We both want to exchange and complete on the sale but my issue is that I need to sort…
