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Lease terms "Rent" vs "Ground Rent"
I'm in the process of purchasing a flat which is subject to a new lease being written by the freeholder (seller, Victorian conversion) and agreed by the leaseholder (me). The current "draft" lease does not make reference to "Ground Rent" anywhere, instead refers to "Rent" which is set at 400£ pa for 125 years. I have…
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Where's best to buy a house in Birmingham?
Hi Can anyone help me? i am looking to buy a house in and around Birmingham. Where is best to buy a house in Birmingham? Any recommendations will help
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Mortgate in credit - secured loan arrears - fixed term ending - complicated
Asking advice for a friend so if more information is needed it might take a while to reply but all advice is grateful - My friend owns a house with his ex who has now passed away and due to various factors the mortgage is now in credit however the secured loan is in arrears. A payment plan is wanting to be set up for the…
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Landlord breached contract and legal rights
Hi All, I have a bit of an issue. My landlord entered my property without notice or permission to let in a tradesman for a planned renovation for when I moved out. I only found this out when I came home from work and found my door locked with no note saying someone had been in the property and when I called the landlord…
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Dissention on Neighbour's Planning App. To Be Disclosed?
?Does This Have To Be Disclosed? My Wife and our young twins have lived in our first home for the past eight years which is a terraced house with a conservatory. Owing to my work, we are due to relocate in the next eighteen months or so and we have been preparing our home for sale because of this. A couple of weeks ago our…
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Nice Areas to live train commute to Leeds
Hello, Me and my partner have not long found out we are expecting our first baby, we currently live in Wakefield close to the train station, however the property we are in now is not suitable for a family. Wondering what everyone’s thoughts are on the best places to live with good schools etc and good train link to Leeds.…
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How do you do to move out and in in the same day?
Hi, We are hopefully completing very soon (hopefully exchanging next week, after our buyer drop-out early January, luckily we got another offer few weeks after). We decided not to do any packing until exchange, due to what happened before, however on Friday we were told completion date can happen before the end of the…
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House builder Review / Info
Hi everyone, My partner and I are considering buying our very first property in Edinburgh. The property is not complete yet, we have been to the construction site and spoken to building company rep a couple of times. All good so far, we are one step before reserving. However, we have been unsuccessful in finding customer…
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LBTT refund if selling and moving country
Hi, We purchased a property last year (June 2017) and need to sell it quite urgently as we have a family emergency at home and need to move back. It looks like we're going to be stung pretty badly with ERC by the bank (approx 12,000). Do you know if it's possible to reclaim LBTT paid on the property or should that be…
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Buying a new house but keeping the old one advice
Hi all, Need some advice. My girlfriend has a property and so do I. We are looking to buy our first home together but believe we will be able to keep our original properties becuase we have some good equity in them. My property worth £230,000 with 90,000 left to pay Her property worth £350,000 with 150,000 left to pay. We…
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Seller Painted Over Mould!
Hello everybody, I recently bought a house and have only now discovered that the seller had painted over mould! So I just wanted to ask on here, from somebody who knows - is this illegal to do? Am I able to take any kind of legal action against them for covering up a serious problem like that just to get a sale? Do I have…
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Overpay Vs Savings?
So we are completing on 23rd but with my love of savings etc that is why I am here I want to know the best way to go forward. 1.84% mortgage 2 year fixed 10% overpayments allowed So do I overpay as quick as possible - Will this mean that I pay less interest overall the quicker I pay or doesn't it matter whether I pay it on…
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Broken chain
So, we had an offer early March which we accepted, then we found a house we liked made an offer, that was accepted. Roll on early April, various legal stuff going back and forth all looking good. Last Friday (yes the 13th!), our agent phones up to say our buyers buyer pulled out due to our buyers not coming up with some…
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Completion date close to expiry of mortgage offer
Hi all, This is my first time posting, so let me know if anything could be clearer! And apologies for the length, I'm trying to give extra detail in case it's helpful. The crux of this post is that I am unclear how much risk I am taking by agreeing to a completion date close to the expiry of my mortgage offer. A bit of…
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Does anyone let to rent?
I am looking for somewhere to live as I am currently in a shared house and want a place to myself, however small. I ask about let to rent as I already have a mortgage on a property I let out where the tenant wants to stay and it's a property I don't especially want to live in. Buying a second property will incur 3 per cent…
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remortgage/bridging loan to buy or not?
To buy or not to buy this is the question. Current Situation: 1. Own three rentals. 2. Live in work related accommodation. 3. Early retirement end of June put in offer to buy new Primary Residence. 4. Currently selling one rental to part fund purchase of new P.R. 5. First time buyer of rental has now withdrawn offer so…
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How much were you expecting?
Having never sold a house, I'm always unsure what the expectations of vendors actually are - so I'd like to pose this questions to you lovely forum goers :D How close to asking price were you honestly expecting when you sold your house? I understand it depends on many factors. For example, some areas are more highly sought…
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Stamp duty if owned years ago
I’m confused on stamp duty, I owned a property many years ago so looking into it it says I have to pay, but someone told me if I owned over 3 years ago there is a 3 year rule and I’m classed as a first time buyer again. How would they know if I owned a property before and am renting now? So I think I have to pay it - so if…
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Selling a house and buying another sperately.
I wish I could edit titles :rotfl:
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Help Buy - Are my figures correct? Massive
Hi All, currently looking to second step from 350k house to a 450k house. We have been on the market a few months and have viewed a few new builds. The agent (how helpful of them) said we should consider a 500K house with help buy. Having looked the guidance on the interest rates it looks a shocking deal if you can't pay…
