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Help a first time buyer!
Going to meet my mortage adviser on Friday to sign the contract etc and asked to bring the following: Last 3 months payslips Proof of Address Last 3 months bank statements Proof of deposit Property details First 3 are easy enough but not sure about what to bring for the latter 2? Anyone?
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Section 8 & 21
Hi, Ive been given section 8 & 21. They have given me 2 weeks to remove myself from the premises. If you have been given a section 21 (as well), isnt that not a minimum notice they have to give you of 2 months to move out and not 2 weeks...?
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old extension plans?
Hi, I've just bough a house with a single storey rear extension. We ideally want to build on top to create a bathroom but how can we find out if the original foundations were deep enough? The next door neighbour seems to think they were but how can we know for sure?
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Self build VAT refund and Capital gains
Hi we’ve recently purchased a property with a plot on the Side of it . It’s our first home and we would like to build the new house and sell both eventually . What would be the best way to do this ( if we can ) without paying any gains . Also can we still claim the vat back on the new build ? We are happy to sell the…
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property auction
Hello, first time poster so I'm not sure if I'm in the right place or if I can ask this sort of thing.... I'm considering buying a property at auction. It's being auctioned by a new fangled online-only company, as in the auction is only online (as opposed to the normal Homes Under the Hammer roomfull with some online…
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Internal Works done without building regs. Please help!!
Hi Everyone, We are in a position to buy our first home, after searching for almost 6 months, we did manage to find a property. But after the survey, lots of issues have come up. The chimney breasts are removed from all rooms and also the kitchen. Out of the 2 chimney stacks, one is slightly bent. The loft has been…
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Stamp duty: FTB but inheritance in probate
Dear all My partner and I are buying our first house, which will also be our only residence, for under £300k, so hope to be exempt from stamp duty under the new rules. Unfortunately, my partners father recently passed away, and we understand that my partner will inherit property, jointly with their sister, under the will.…
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Declaration of Trust Post Completion
I loaned my son a sum of money as a deposit to get his foot on the housing ladder. When negotiating the mortgage he stated that the money was a ‘gift’, as the suggestion of it being a loan would have complicated things and cost him more money. We had agreed that we would set up a declaration of trust after completion.…
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Mortgage with poor credit
Hi Looking for recommendations. I have a 'poor' Experian credit score which has slowly been increasing as I have been doing the necessary fixers. I really want to buy my council flat which is valued at £233k. I will be entitled to the full £107k discount. Can anyone recommend a mortgage broker that will help me to secure a…
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How long can letting agent keep 'reservation fee' without giving a response?
Hi, My wife and I have paid a reservation fee of £600 on a rental property last week. The fee was originally only £300, but the Letting Agent drove the price up when we refused his suggestion that of breaking the terms of our existing tenancy agreement to move in early. He put the price up because he wanted us to show that…
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Estate Agent Messed Up
Hi, on our completion date, the estate agent gave us the wrong set of keys to our new home. We were sat outside with a van load of our things waiting to move in. This was a Friday evening, so had to wait until the office opened on Saturday to get the correct keys sorted. Unpack, repack. It's the Estate Agents human error…
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Moving out / sub-letting query
Just looking for a bit of advice on behalf of my girlfriend, fortunately i've only had to deal with renting while at uni and never really had any issues so i'm not too clued up on the law on rentals. Anyway, the situation is this. My girlfriend moved out of a shared rental (with 2 others) at the end of March. She is the…
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Right to aquire council leasehold - solicitor??
Hi there. I am hopefully going to be a first timer buyer under the 'Right to Aquire' scheme of my council flat as a leasehold, I have a mortgage broker lined up to help with the process as I have zero knowledge of mortgages/rates etc. I just want to know do I need a solicitor for this buying scenario? I am not sure that…
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Exchange and Completion in a week
Hi All, Currently in the final stages of buying our house! We are first time buyers and the house is empty that we are buying. Has anyone exchanged and completed within a week as we are pushing to get the keys by the weekend? If so do you have any tips or is it all straight forward, obviously solicitors are doing all the…
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Buying a house where seller has owned it for 2-months.
We viewed our ideal property on Saturday, but were told that the seller has owned the property for about 2-months. We do need a mortgage to buy it. Is there generally, a minimum ownership period that is acceptable to lenders? We have been told 3-months and someone else said 6-months.
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50% finance costs deduction on Mortgage Interest
On property income does the 50% finance costs deduction on mortgage interest (etc.) effect those on the standard tax rate?
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Moving out and hope I can afford it all
Hi Everyone :) I currently live with my Mum and Brother, however I have just put my application in to rent a property with my boyfriend. Although I am sooooo excited to finally be moving in together.. I am also really nervous that I am going to struggle and I can imagine it is going to be such a shock to the system as I…
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Pay for searches on house?
Just getting some conveyancing quotes on a house purchase and the solicitor asked me if I wanted to have the searches done as I'm a cash buyer. Apparently, some people save themselves some money by not having them Never come across this before. Any advice?
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Vendor insists on selling her furniture
Hi MSE community, In need of bit of advice here. We are first time buyers and the vendor has been pushy on selling some of her stuff to us (carpets, shelves, curtains, blinds, fireplace). Carpets and curtains/blinds are red/with flowers and her wallpaper is old and red too. Because we are planning to paint all the house in…
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Porting & getting a second mortgage
Hello! Sorry if this subject has already been broached, but I can't find an answer anywhere! We're hoping to buy a new house but have just over 7 years left on our mortgage with a hefty get out clause. It should be possible to port this mortgage (I asked when we took it out) but we will need to take out a second mortgage…
