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Help to Buy Staircasing
Hi All I understand that you can only pay 10% when you first staircase and you need a full valuation. Will I need another full valuation when I am ready to pay the remaining 10%? Pls help Thanks
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eviction procedure, do I need solicitor?
Hi experts! I am a landlord in Scotland. My tenant has rent arrears of 8 months and I also intend to sell the property that I am letting. My solicitor has already sent the notice to quit and T6 form, and since the tenant refuses to leave we now need to proceed for the next legal stage (first-tier tribunal). The fee that my…
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Deposit Charges
Hi guys, long time lurker, first post. Basically, we are a group of students facing the annual shakedown by letting agents at the end of every academic year. We firstly received an email confirming that our full deposit was to be returned to us, on the 2nd of August. We waited 14 days, before ringing them to ask when the…
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Small Claim for Missed Rent
Few weeks ago I went to small claims court and registered a claim against my previous tenant (who is a limited company) for not paying rent. The defendant has now contacted me and is saying that he is willing to pay the amount I am claiming directly into my bank account. The proper procedure (in my understanding) is that…
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Freeholder or Leaseholder responsible for floor joists
Bit of a sag in the floor in one corner. Lease states "the demised premises includes the surfaces and floors including the whole of the floorboards and supporting joists(if any) " then states "But not including: any of the main timbers and joists of the building" First statement suggests the floorboards and joists are…
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Just found out the 2 bed house I am buying is registered as a 1 bed
Hi I am a first time buyer currently in the process of buying a two bed flat in London. The flat is split level with one bedroom and living space on the ground floor and another bedroom in the cellar, the cellar was converted into living space about 10 years ago (tanked etc) but planning permission or building regs weren't…
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Raising mortgage on buy to let up to value of property
2 questions based on allowable mortgage interest deductions on rental profits. "Interest on any additional borrowing above the capital value of the property when it was brought into your letting business isn’t tax deductible." https://www.rossmartin.co.uk/land-a-property/3000-interest-on-re-mortgaged-buy-to-let-property 1.…
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Leaseholder advice required
Hi, I'm hoping someone might be able to give me some advice. I live in a top floor leasehold flat with a balcony and on Monday there are contractors arriving to complete some repair works on the outside of the building. We have been informed, less than a week before the work is due to begin, that not only will we be unable…
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Garden Boundary
My neighbour is having their garden landscaped and their ground workers had dug across my boundary line, the fence stopped at the top of the garden by one fence panel and the rest was tree and shrubbery marking the border. Last weekend I went to have a look and realised they had uprooted a lilac bush that was about 15 feet…
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Who owns my daughters home
Can anyone tell me how my daughter can find out who owns her home without the landlord finding out.
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Should I go for it?
Hi MSE community, I am seeking out for your advises. I have found a flat in a new building and my offer was accepted. However I still dont know whether I should continue with the the purchase. Reason being is I dont know if I will be still in the area after summer 2020 (for professional reasons). It's a brand new flat and…
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Help to buy settlement
Not sure if this is the right place. We are looking at moving later this year. Currently we are in a 3 year old house that we bought with help to buy. Want to relocate to reduce my commute. My father wants to support us with this and said he would go halves on a house. My question for now is, is it worth using this cash to…
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Our plan: risky but doable, or a total red flag?
Wife and I live in London. I'm on £54k, she's on £30k. Have a deposit of £40k. Currently renting a 1 bed flat £1175 pcm. Have found an amazing house, £240k in West Midlands. I work from home, but would mean wife quitting her job and finding something in the area. The house is scheduled to be completed in April 2019.…
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Issues with tenants
I've had new tenants move in over a month ago. They are 10 days behind rent even though I have text them 4 times to remind them. I have my concerns and worried they are just not going to pay rent and will refuse to leave. They have given me a list of problems including spotting mice in the flat, a broken drawer which was…
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stamp duty on (re)investment property?
I inherited my parent's house last year and currently in the process of trying to sell it with the intention of re-investing the proceeds in a buy to let property. As I understand the gov't is charging an exorbitant additional 3% stamp duty on investment properties, but as this would be re-investment from a property sale…
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Help with this house offers :)
So basically viewed a property today that has been on market 2 days, already before i went to view today somebody else already viewed. Fell in love with this house It in ideal location. So the owner said he will leave it on for 2 weeks and see what offers offers he gets I was going to give a slightly lower offer instead of…
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RICS full valuation
Hi What usually happens during the valuation? DO they check garages too?
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What would you do, rent or buy
Hi For the last 7 years we have rented a lovely house in the country, it was too big for us from the start. My Mum was going to live with us, we moved in, her health failed and she died in six months of moving in. Our landlord has made it clear he plans to increase our rent quite a lot (he has frozen it for the last few…
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Survey has found evidence of subsidence - advice appreciated!
Hi there, We've read back through some incredibly helpful previous posts, and are hoping that some of you clever, experienced property folk can help us with our current house dilemma. We have had an offer accepted on a 2-bed Victorian house in NE London. Property was suffering quite serious damp problems so we had a full…
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Buying a share in a second property
Me and my brother have inherited some money; he's never owned a house so he's going to buy one. I want to help him out by buying a share in his house giving him more cash to live on. There won't be a mortgage. Has anyone else done this? If so, do you know how the stamp duty will work? (I have a house already)? Are there…
