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Tips, Do's and Dont's for 1st time landlord
Hi everyone, We're looking to buy our first investment rental property. We're doing a lot of online research, especially with the new changes to tax relief. As we're new to the realm of landlords and tenants, it would be great if you could share your experiences. Any do's or don'ts that you've learnt the hardway, any tips…
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Common Part Insurance
Hello, Your advice would be greatly appreciated MSE community. I was wondering if someone here could shed some light on an issue that we have come across during our current flat purchase. We were imminently due to exchange awaiting seeing proof that the whole building was adequately insured, after weeks of the sellers…
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Free damp survey con
I have recently had a very bad experience with a free damp survey. I was selling my house, and the surveyor doing the homebuyers survey said the walls were damp, and recommended my buyer to get a free damp survey, with his mates firm. I have since read about damp meters, and the surveyor doing the homebuyers survey, put…
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Have i offered too much?
Hi all, i'm in the process of convincing myself i've offered too much for a prospective house purchase. I offered the the asking price of £325k in response to the uniqueness and location of the property. It's a 3 bed semi in a rural location that sold for £200k in 2006 with the house next door exchanging for £229k in 2014…
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Added to Title deeds when in a Scottish Trust Deed
Hi there, I'm currently in the 2nd year of a Scottish Trust Deed which sadly I had to take out due to various issues (ex partner!!) My husband has been offered a gift of some money to purchase a property outright which we would of course very much like to do. Can I be added to the title deeds of a property whilst in a…
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Giving Notice
Had a sleepless night last night worrying !!!128577; Moved into a new property one year ago signed up to a AST tenancy for a year, the landlord said it would be a minimum of three years he wanted to rent the property to us. Been perfect Tennants but Eight months into the tenancy he informed us he was selling the house and…
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Tenancy Agreement Renewal (Letting Agent Rent Mistake???)
So I have been living in my flat since 1st June 2015 renewing my tenancy agreement every 6 months, on 1st December and 1st of June each year. The way it has normally gon is that agreement for 1st of December usually includes a small rent increase, +£5/month in 2015, +£15/month in 2016 and +10/month in 2017. on the whole,…
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Help to buy ISA interest help
Hi This is all very, very new to me. I opened a HTB ISA with Virgin Money early April and selected monthly interest payments when I opened it. This should be at 2.25%. My opening balance was just over £400 so I was really surprised to log into my account last night and see that this months interest payment is all of 24p!…
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Claiming back Stamp Duty
Hi Ive bought a house which needs complete renovation. At the moment its un-inhabitable. Because I already own a house I had to pay the higher rate stamp duty (£6k) because the government saw it as being my 'second home'. The plan is to renovate the property; move in; and sell my current house within 6 months. Am I able to…
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What to do when an overlap from renting to moving in to a new house
Hi All. Sorry if this sounds rather basic but I need some advice! We complete on a house purchase this Friday (yey!) but don't move out of our current rented flat until 29th May. Do we have to pay for council tax, gas, electric and water for our new house from the day we complete (4th may) or the day we will actually move…
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STAMP DUTY - Staircasing Shared Ownership
Hi All, Can somebody tell me what stamp duty I will will be paying as I am confused with all the changes etc!! I originally purchased in 2012 35% share for £59,500 from market value of £170,0000 I a m now staircaisng to 100% on the market value of £190,000 so paying an additional £123,500. I have paid ZERO stamp duty to…
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Extending my lease when selling
Hello, Looking for some help! I am selling my flat and have agreed to extend my lease as part of the sale. My solicitor has asked that we complete the lease, but my buyer registers it to save on time. My buyers solicitor has refused this and is insisting the lease is registered before we exchange I am purchasing a house…
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Selling a house with no building regulations completion from 18 years ago
Hi all, I've read through a few similar posts on here, mostly from buyers, however I'd welcome any advice on the following situation as a seller. I purchased my house in 2005, with a mortgage and received a homebuyers survey. The survey came back with the usual recommendations as I expected, including the statement, "your…
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How long for homebuyers report?
The survey on the house I am buying was done on Monday, the lender texted and emailed me today with the mortgage offer docs which confirms valuation at the price I am paying, but the valuation was also a survey - home buyers report. So the surveyor has confirmed the valuation to the lender so when will I receive the…
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Are these unfair tenant fees??
So I have posted in the last week a couple of queries - now have another query. One tenant is moving out at the end of the fixed term tenancy, myself and another tenant are staying . We asked if we could do an assignment of tenancy, they weren’t willing, and are making us two sign a new contract of one month that will go…
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Purchasing a new house. Why do I need to use PurpleBricks solicitors?
Hey, I need advice on my house move guys! I sold my apartment in Feb with PurpleBricks, and stupidly opted to 'Pay Later' (I didn't realise I was tying myself into their terms etc). I've been perfectly happy using the solicitor they recommend and actually wanted to use them myself anyway. Since then, i've now seen a…
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Options for partially vacant property
Hello, My situation in a nutshell is that I am looking to buy a house in Scotland in the next six months. However, I will only be occupying the property every second month, as I currently live down in Reading where I am fortunate to have very cheap rent as I housesit for a friend who spends most of the year out of the…
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what to expect from estate agent
I am selling a house as an executor (long distance from where I live) - had 4 agents to view, chose one and they came back to do EPC / photos and floor plans. Promised all the details in a "couple of days", nil yet "they are very busy"..... :mad: I haven't seen sight of a contract yet - would this be normally done first?…
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LL selling.
Hi, So my LL told me he's selling the property i currently rent on5th April.:cry: Is that date consider the 2 months notice start date, or will i get another date when the property gets a buyer? ( it is 8 weeks notice he has to give me, isn't it) ? Thanks
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right to buy & gifting
mother in law has asked us to help her buy her housing association property and only way that seems open to us is to gift the money. Will she need to pay any tax on the gift at any point? If she leaves the property to my partner in her will. What are the implications in relation to the right to buy within the first five…
