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Buy to let to downsize into later.
We love the area where we live and our current home, but it has access restrictions that in later years will probably become an issue. We are considering buying a smaller property in the area with a view to letting it out for up to 10 years and then moving into it as our downsize option. We would then refurb it before we…
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Neighbour sabotaging sale
Hi all I have lived here in a converted mansion for nearly 11 years at one end and the neighbour in question lives at the other end with 5 flats in between. The building is surrounded by a communal garden and drive. It is a leasehold property but we all own the lease and run our own management company of which we are all…
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SDLT and first time buyer exemption
Hi, We in process of buying our first property (freehold house). We have recently bought a land (without any house or dwelling on it, just land) abroad (outside EU). We dont own any other property anywhere (neither did we own any in past). Can we still claim exemption for the first time buyer SDLT ? Thanks
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Should I buy a house outright for a family member to live in?
My partner and I work abroad and have a substantial amount of savings. My father-in-law has no savings and lives in a rented flat that he soon won't be able to afford when he retires. I understand that renting to a family member can be complicated when theres a mortgage involved. We had planned to invest in buy-to-let…
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What is mine and what is the landlord's?
Hello, I was wondering if anyone would be kind enough to help me on something. Are the rules in an unfurnished rented property this simple? If it is fixed, like curtain rails and the shower - even though I purchased them - they now belong to the landlord. If it is not fixed, like the carpets and attic ladder - which I also…
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Worried about the Issues in the Structural Survey Report
Hi all, I am a FTB of a 1930s semi and had a Structural Survey (Building Survey) completed for my own piece of mind which has found some issues I was expecting issues as it’s almost a 90 year old property however, I’m particularly concerned about the below issues rated 3 (serious/need to be repaired urgently). Sorry about…
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Showing your property to viewers
Any got any tips? First time selling. Our house went on the market last week. Had 2 viewers and got another booked in. For those more experienced, what your top tips for showing your own property? :beer:
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Selling share of loft before moving
Hi We’re looking to move house soon, ideally within the next 6 months. We currently live on the ground floor of a two flat period conversion. We own the share of freehold, and the loft space is not demised to either flat. The upstairs neighbours own the other share of freehold. Our upstairs neighbours have hopes to convert…
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Advice on negotiating sale price
Hi there, I’d like a bit of advice on negociating sale prices of possible and how to deal with estate agents. I am a first time buyer so have not done this before. Bit of background on the house - On the market as a guide price of £355k - Been on the market since mid November - Has tennants in currently - Is in ok…
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Buying 2nd Home advice (Scotland)
Hi, I’m looking for advice on buying a second home: A house we like has come up for sale but it needs completely renovated. We would like to buy it while still owning our current home (currently with a mortgage of about 40% of the LTV left). Our current home isn’t quite at selling standard so we would need to do one up…
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Rental income tax
My rental income is £4800 per annum before allowable expenses will i have to declare this to HMRC? I only own the one rental property and have an employed job around 28k per annum. Thanks
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Will i get my deposit back?
When I moved into my flat less than a year ago, the walls were white. Because of the old building, severe insultation problems and ongoing work on the above floor, the have been some parts of the Wall affected by mould. I informed the landlord about this in feb, and a maintainence guy fixed part of it. But when I leave,…
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Tenant referencing check: bank statements
Hi! I just submitted 6 months worth of bank statements to a referencing/tenant checking company. I realized only later that my bank statements have incoming money from Airbnb in some cases. It’s not regular and all under 400 bucks each time. But I’m wondering if that will be flagged or raised by the company to the letting…
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Landlord wants me out by the 2nd. Paid to 11th - do I have any rights?
Hi all My landlord has given me 2 months notice as per our agreement. I pay monthly rent of £800 11th - 11th of each month. If I vacate on the 2nd as he has asked - can I get a reimbursement for the week or so I will have paid for but not stayed? They have said that I cannot stay to the 11th as they wish to paint the walls…
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Landlord active in Notice period
We gave 2 months notice to exit our tenancy and our agent/landlord have become very active (rightly so I guess)..however, he has insisted on reviewing the house for any damages now and wants to do it 2 weekly till we leave, and is scheduling viewings for future tenants as & when possible Is this acceptable? Once he reviews…
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CRL warranty not accepted
Hi, I'm very close to buying a new build house but Lloyds TSB has come back at the last minute to say they do not accept CRL warranty certificates. Has anyone else come across this problem? Do you know if it is possible for the developer to change to a different warranty scheme? Several of the flats in the building are…
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Difference in price between terraced and detached?
Is there a very generalised price % difference between terraced and detached? Assuming everything else is the same. Asking because there is a detached house for sale in a predominantly terraced area, it's rather unusual and I'm really not sure what to offer as there are no comparable sales to go off of. The only concrete…
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Capital Gain Tax on rented property if previously your home
Hi all, i am totally confused on this subject. The property in question I bought as my home and I lived there for 3 years, I then met my now hubby and moved in with him and rented my property. Its been rented out now for 8 years. If we were to sell now would we pay CGT? The property is jointly owned. Thanks
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New build dimensions wrong
Hoping someone can help from a legal point of view or building options! Soon to complete on a new build, expecting the keys in a week or two. When let in to perform ‘snagging list’ we had concerns about the measurements of the kitchen. On measuring it was found to be smaller than the original plans. It is meant to be a…
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Cash buyer - new conveyancers
Hey guys, I accepted a bid on my house around Xmas time last year. I used Purple Bricks as my estate agent and used the conveyancing company they recommended. They turned out to be a nightmare. Fortunately me and the buyer have been good at communicating with each other and we have both decided to start the process again…
