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Scared of becoming a homeowner
I’m now close to exchange, yet now feeling so nervous about becoming a home owner, despite having been paying extortionate rents for the last 5 years. Does anyone else identify with this feeling?
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renting after selling
Hiya, I wonder if someone could help me ... so I've recently (June 2017) bought a house with my partner, unfortunately we've split up now and obviously need to sell the house. (probably next year due to a 2 years fixed mortgage) Due to his job he is away most of the time in another country so it's all up to me to sort it…
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New homeowner, how much to stash for maintenance etc
I'm a long time renter about to move into my first home and I guess I need to start budgeting for all those things that used to be looked after by the landlord. General upkeep, repair work, maintenance of the building etc but not sure how much is sensible to put aside. Is there a ballpark figure for this kind of thing?
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Shared Ownership.
My wife and I are selling our mortgage free house in Scotland and moving to the Bristol area to be near our daughter and family but houses are more expensive in Bristol. Our daughter and son in law have looked into borrowing more money on their existing mortgage and gifting it to us as an interest free loan to afford…
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Shared ownership
Hello! Is it possible to rent out or have a lodger in shared ownership properties? thanks!
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When to pay solicitor
Hi all, We are currently buying a new build house and the solicitor is asking for his fee to be paid in full before exchange. I have never paid until completion before (a number of purchases over about 30 years) and there was nothing stating this in the initial letter they sent. I have already paid £250 towards searches,…
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Idea: Buying house with large land and constructing second new house on it!
Hi, I was wondering how realistic is it for people who has no experience of construction (or creating extension or loft conversation) of buying a house with large back garden (for e.g.) with a view that one day you could create a second house on that land and sell it. I know its possible and it have been done. But it prob.…
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Stamp duty surcharge if inherited 50% of property abroad over three years ago?
Hi everyone, I am a bit confused about whether I will be charged the 3% stamp duty surcharge. I am from Spain but been living in the UK for over 10 years. I was only a student when I moved here, but I jointly owned 50% of the family home in Spain with my brother after our mother passed away. I have always lived in rented…
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Help to Buy Scotland Equity Loan Percentage
My husband and I are looking at a new build development in our area. The house price for the property we are looking at is £167,000. I am wondering if anyone knows if you can get as little as a 5% equity loan from the government to use alongside a 5% deposit to obtain a 90% mortgage? Any advice on Help to Buy Scotland…
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Health and Safety Obligations
Hi, I have two properties currently requiring external decoration. My rental agent has supplied quotations which I am happy with. What is my role regarding the health and safety of the contractors, their employees and the public. Thanks Jonathan
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What to offer on a 400k house?
Hi all, So we are looking at buying a house- been out to see a few and like one thats up for 400k. Its a nice house with potential to extend at a later date. It does need some work inside i.e bathroom needs updating, usual walls/flooring etc so definitely not a house you can just move into and not do anything. So what…
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Debt Collection Letters and Fines for Previous Owner
We moved into our house last August. Prior to us buying it - the house was rented out to numerous tenants over the years so the owner we bought off hadn't actually lived in the house for quite a few years since splitting with his partner. For about the last 3/4 months (ie. not before about January time) we have been…
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Buying 'second hand' shared equity house?
Hi, My partner and I are interested in buying a 'second hand' shared equity house in North Wales. I believe the house is 5 years old as it has 5 years warranty left. Anyway, how does this work as far as the shared equity goes? Do i have a number of years to pay it back? I read up on the official site that after 5 years of…
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FTB London to new build or not to new build .....
Hey All, First time buyers who have grown up in London and really don’t want to move to far away .... but may have too. Ideally West or North London. 2 beds needed. We have access to 50k deposit and mortgage in principal for 320k so we are looking at: Option 1 look for a place on open market for 370k. (Various options…
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Made an offer, still waiting 3 weeks later.
FTB, looking to buy after renting for a long time. Have talked to bank as well as broker and finance side isn't an issue but finding the right place has been a pain. Most properties within 2-3 miles seem to be selling in 3-4 weeks and going for 10-15% over asking price which is still within my budget. Viewed a property…
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Property Gift
10 years ago when my daughter got married, she and her new husband could not afford to buy property and rental in her town was extremely expensive. I purchased a property myself and the couple have been living in that property rent free since then. The property has not risen appreciably in price since the purchase and is…
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moonlight tenant gone!
Hi I need some guidance re a moonlighting tenant. I'm the landlord, I don't want to put detail on an open forum, can someone experienced in the legal situation of this please pm me?
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Buying house and possible building control issue
Hi, In the process of buying a house. We have identified a potential issue in that a chimney stack to the ground floor and a wall have been removed. It seems that no building control sign-off was obtained. We are waiting on clarification as to when these were removed (wall was certainly in the last two years and is…
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Estate agent's contract
My BIL is asking for advice on the draft contract he has received from his estate agent. I haven't sold a house in the last 25 years, so I'm very rusty. Any tips what to look for in the contract, and what to change? I am worried about a few points: 1. Commission becomes payable following exchange, even if the purchase does…
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Lifetime ISA and Help to Buy process
Hi, I'm looking for some help buying my first home. I have a lifetime ISA which I can't access until August 30th. There are some houses being built near me that I am quite keen to put a reserve down on due to there being some that are already reserved and I don't want to miss out. Can I put a reserve down even though I…
