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Sell or Rent my flat?
I'm currently living in my flat, I have 4 years left on a fixed mortgage (1.79%), the mortgage itself continues through to 2036. The flat is probably worth about £210k and I have less than £100k remaining on the mortgage. My personal circumstances have changed and I'm now looking to move in with my partner, she already has…
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Solicitor's error on Completion Statement (Stamp Duty)
I've just received the completion statement from my solicitor for house purchase completing next week. He seems to have forgotten that we are not selling our current house and has only included the regular stamp duty, not the extra 3%. If I ignore the error will I get away with this?
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Moving Abroad - sell or rent
Does someone have any spreasheet template or guide to make decision on whether to sell or rent the house in the UK, before moving abroad for jobs? Thanks.
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Good time to buy a 1 bedroom Buy to Let Flat?
I am due to receive some money from my father's will. This will allow me to pay off my mortgage for my property (a 2 bedroom flat). After my mortage is paid I will have an addition amount of money that would be enough to buy a £75000 1 bedroom flat outright. I even have a potential tenant in mind. I think I would get £400…
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Reserve fund on sale
Hi, I've been contributing to a reserve fund for long term repairs for a couple of years, but none of the money I've contributed has been spent by the management company yet (they're building it up to start works in the next year). I'm now selling the flat and wondering how the contributions I've made should be apportioned…
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How to do a background check on property developer
Hi, We looking into a newbuilt property with a small developer. The company itself is very small and wss set up 14 months ago, but I've done a google search on the guy in charge, and he seems to have been involved, as director, with 13 different development companies since 1996. He is currently serving as director in 3…
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Stamp Duty Q
I solely own an existing property which I rent out. My husband and I are just buying a new house together (he has owned before but doesn’t currently) do we still have to pay the full amount of additional second property stamp duty as I’m the only one who this effects? Thanks
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Should first time buyers wait until after Brexit, or rush and buy before 29th March?
Hi everyone, My partner and I are 21 and looking to buy our first home after Christmas. We have tried our best to avoid renting for the past couple of years, and it's finally time to begin our search as we've reached our 'money goal' for our own little place! We are looking at anywhere between South London and the South…
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Buying a house with existing lease solar panels
Hello, Myself and my partner are interested in a particular house but it has leased solar panels that have been installed since 2012. The estate agent has sent over the original agreement as soon as asked which outlines all of the liabilities etc. We don’t know enough about the solar panels and the schemes to feel…
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Anyway I can afford a property left to my dad or am I dreaming?
Hi all How much could I raise from a remortgage? Do I have to accept defeat? I bought a property worth circa £220k in late 2015. I understand it to be worth in excess of £275,000 now and owe £130,000 on the mortgage. I earn £35,000, and have overpaid a few thousand on the mortgage, therefore I want to know if I could raise…
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Advice: Mortgage valuation unsuitable for lending due to asbestos
Hi all After some advice (and to ascertain whether I might be being overly suspicious...on to that shortly!) Have had an offer accepted on a house, potential to add value by converting garage / workshop space. Mortgage valuation has come back as unsuitable for lending as the valuer believes there is asbestos present,…
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3% stamp - selling a BTL that use to be my house to finance new house
Hi all, This is a bit of a tricky one, and I couldn't find a clear answer on this one yet. Despite having more than one house you can avoid paying the 3% surcharge in the event that you sell your main home to buy a new main home. In my case I have a BTL where I lived a few months in many years ago. I want to sell it and…
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Setting up a management company and buying freehold
Hi All, Looking for some help on the freehold enfranchisement process specifically related to the management set up. Shortly a building with 4 flats (converted) will be taking the freehold enfranchisement route. All 4 landlords are happy to be involved. Nice and easy so far. As part of this we will need to set up a Ltd…
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Has my house foundation sank? Pics included
Hello everyone, Im currently in the process of purchasing my first home.. So i had the Homebuyers survey carried out today and it has picked up that the front right hand side corner of the attached extension/ veranda has maybe sank? I have attached photos as they speak 1000 words... Is it bad? Should i pull out of the…
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funding my house purchase
just wondering if anyone can advise on this i want to purchase my council house i am 58 years old full time carer for my wife retired on a pension so getting a mortgage would i think be very difficult my property will be valued close to £60k the max right to buy discount is £24k (northern Ireland) that leaves approx. £36k…
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Deed of Trust info
Does anybody know how I can obtain official information about a Deed of Trust? Lets say that I don't know which solicitor set it up. Is there a formal register or database that I check? TIA
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roof question
I own a flat which is leasehold , the upper flat has just been bought and the vendor owns the freehold of the property. he has successfully been granted planning permission for a loft extension in the top floor flat and has removed the existing roof in order to enable this. prior to this work the roof needed to be fully…
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Help with trying to move location
Hi there, I would be grateful for any help/advice you lovely people out there are able to give, because I'm in a pickle. My situation is this. I have always rented and never even considered buying a house, but now that I'm in my mid-30s I figure the time may have come. I'm currently living in Derbyshire (unemployed at…
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Council housing - how long did you wait?
Good afternoon all, If you have recently, say over the last two years, been offered a place with the local authority (standard accommodation / no adaptations) - would you mind answering.. How long did you wait? What band were you in? Edited to add - Looking for actual real life experiences on the above questions - not the…
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Stamp duty and married couples
Hi, I've had a quick look through older threads and can't seem to find a like for like scenario so just wondered if anyone could help shed any light on our situation please. Myself and my husband are looking to buy our first home. We've seen a property we like at just under £300k My husband has never owned a property…
