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Asking price - OIRO, bottom of acceptable range, or top?
We are putting our 2 bed semi on market soon, and trying to work out what number to put for the listing. The house is in a "popular location", has a driveway with room for 3-4 cars, garage and garden, nice kitchen, newly decorated, seconds from a bus stop, shops nearby, schools really close including secondary school.…
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Fist Time Shared Ownership Buyer: Calculating Stamp Duty
Hi there, I have been offered a two bed shared ownership property in my local area. According to the Housing Association, over two hundred local people applied for it, so I am lucky to have been offered it. The cost of the house is £310k, and I will be purchasing a 75% share which is £232,500. The Housing Association asked…
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Advice for first time buyer looking to buy to let
Hi there, I was wondering if anyone with the knowledge could offer any thoughts or advice on my situation below: I am 29 years old want to get onto the property ladder, but currently work/rent in central London on a relatively low salary of £25k. I have around £40k spread across various savings/isas, with access to a…
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Social Housing - RENT INCREASE for Mortgage Rescue
I had to have a mortgage rescue with a social housing association, due to ill health, three and a half years ago. The rental agreement has now been extended to a seven year fixed term agreement. Two years ago I received a letter saying that my rent would decrease by 1% a year over the next four years (due to government…
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Does this land registry information confirm letting without a buy-to-let?
I do apologise if this ongoing saga is becoming tedious to anyone as it is my third post on the matter, but... In an ongoing dispute with a rogue landlady over a not-protected and not-returned deposit; I've uncovered something quite interesting. I've obtained a copy of the title register for the property; and the "Address…
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Any Options To Avoid Additional Stamp Duty?
My head is melted trying to get round paying stamp duty on a 2nd property so I hope some of you can help! I own my house; about 40% of the value outstanding on the mortgage. Out of mortgage term so on a variable rate. My mum lives there but she also owns an inherited property from my Step Dad. I live part time in a rented…
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What’s Edgeley/Stockport like?
Hi everyone, I posted a while ago on here looking for advice on where we should buy our first home in Manchester. After a couple of months, we’ve viewed over twenty properties and lost out on two houses (in Cheadle Hulme and Prestwich - this house went over £30K higher than the offers over!). There’s not been many houses…
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Would you have a survey?
We might be slightly mad, but we are seriously thinking of buying a solid 1960s house that hasn't been updated for decades. It needs new double glazing, kitchen, bathroom, rewiring, decoration and carpets. However, it looks structurally sound. Would you get a survey if you are going to do everything anyway?
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Split up with Partner, joint mortgage, help needed.
Hello, So after 10 years my partner decided that she'd go and have a lovely 1 year affair, and got caught out, and of course then moved herself out of our house we purchased 5 years ago. Of course like in most situations, the house is becoming a sticky area. When she moved herself out, we came to an agreement that I would…
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Supporting parent in mortgage application / property acquisition.
Long time reader, first time poster.... looking for some advice please :) TL;DR - how to co-sign a mortgage for a parent in a way thats fair during life and you recover your funds after they pass away? Situation: Mum is single, turning 55 in September. She's currently making £12,000 per yer, this is expected to rise to…
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Move Out Inspection and Deposit Return
I've got my move-out inspection next week in my rented flat. The property has sash windows, and earlier in the tenancy I opened one window to find out it has no ropes supporting the top half and it fell down and cracked. I asked the Landlord to come and look and he agreed it was his mistake/problem/etc. to fix. At the same…
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Ending a tenancy agreement early
Has anyone managed to successfully end a rental short term tenancy agreement with a letting agent early. I recently signed a 7 month agreement on a flat which I am regretting. I was told by the letting agent the tenant in the flat up stairs was of similar age and was quiet and this has not turned out to be the case, I…
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check out problems - large cleaning bill
Hello everyone. I recently ended a tenancy, and the estate agent and landlord have decided to obtain a £250 quote for professional cleaning. The scope of which is beyond the condition at check-in and substantially beyond the checkout inventory. Their argument is that I have agreed to have the property professionally…
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Leasehold extension
[FONT="] Evening. I'm a joint leaseholder with my mother and we're thinking about extending the lease on the flat. There is 97 years left on our lease. Given the length on it I don't think it would cost too much to extend. It's worth around 400-450k The flat is in decent shape but we've now reached the stage where we…
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Freeholder rip-off, hunting for information to fight them
Hi, I have a leasehold flat and I am having an increasing number of issues with my freeholder who is a housing association. I feel they should not be allowed to do what they are doing but I am struggling to track down the appropriate laws or rulings to stop them and would appreciate any advice or help on what I can and…
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Complaint to landlord/letting agent and environmental health report
The whole situation is a really long story, so I’ll try to summarise it. In November we reported excess cold to our letting agent and it took 6 weeks for the landlord to come and install a more powerful radiator. This turned out to be mostly ineffective and incredibly inefficient. Due to subsequent complaints being…
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LISA/HtB eligibility limit in conjunction with shared ownership/equity loan?
Hi, Happy Easter everyone! Could you help me understand if £450k LISA/HtB (in London) eligibility limit assumes the whole price of the property or just the share I initially buy when shared ownership/equity loan is used in conjunction? E. g. if the property price is £600k and I only buy 75%, am I eligible for LISA/HtB (in…
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Low ceiling an issue?
Hi, I was wondering how much is the ceiling height important to the buyers. We were viewing a terraced house where ceiling height seemed low. I could touch the ceiling by slightly stretching my arm and I am 1.76m taller. Unfortunately we didn't have a tape so couldn't measure it but presumably it would be 2.1m(ish). I have…
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What now?
Our offer was accepted on house over 3 weeks ago, had surveys done instructed solicitor, paid search fee, got mortgage offer and then i found out vendor was still advising with another company as still for sale, EA contacted by email and got reply that she has now accepted another offer and is going ahead with other buyers…
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Blocked Access and new owner stating no easements
Hi Hoping someone might be able to provide some (not legally binding!) advice... Part of our property (freehold) was sold off many years ago - a room at the front and a garage at the back - and the TR1 mentions no buildings or services within 3 metres of the retained property and mentions permissions for boundaries etc.…
