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Guarantor question
Hi Guys, Just a quick question about a gaurantor agreement I'm about to go ahead with. It's for a family friend, I understand the risks, and what it means to be a guarantor. However, the document has a lot of legal speak which im trying to go through line by line to decipher. The key bit im really keen to ensure is that…
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House with adjacent slope
I'm looking at buying a property, however there is a large steep slope next to it is there a way of checking it's safe and won't slide down into the house prior to purchase?
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How did you manage to buy your house?
Hi all I'm in my 30's and still renting. My dream is to own a home but I don't have a deposit. I started saving years back but lost the money to a thieving ex and won't ever be able to recoup it (whole other story there that I don't want to go further into). I felt like I'd lost all hope of owning my home and due to recent…
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Capital Gains on Selling Buy To Let
Hi, After a little advice please! My mother and I bought a house (joint ownership) in 2010 for £40,000 using a £4000 deposit and mortgage for the rest of the purchase price. We sold the house last week for £70,000, with a mortgage of £30,000 still outstanding. We have never lived in this house. And our CGT rate will be…
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Council tax band
Not sure if this is the correct board for this question if not please advise. We are in the process of selling our house and whilst looking at properties to purchase I have checked on our local council website to see what tax band applies to the potential purchases . In the course of doing this I inputted our current…
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Selling former rental property - to furnish or not?
Just looking for some thoughts. I'm selling a house that has been rented out for the past year or so after myself and my partner bought a new home and moved out. My tenants are moving out next month and we are taking the opportunity to sell. It was let unfurnished so obviously when they leave all that will be left is the…
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House Completion Help!
We are due to complete on a house in two weeks, but we are still waiting for the mortgage offer to come through! We reached out to the sellers for an extension, but they claim they are in a chain. ... Any advice??
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How to stop being a guarantor
My son and his girlfriend moved in together 3years ago and we agreed to their guarantor. Unfortunately they have now decided to split and his girlfriend is staying in the property for which we are guarantors. My son has to find a place of his own and we naturally want to be his guarantor rather than hers. How can we stop…
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Buy new house now, sell old house later.
Hi, I own my own home outright and I’d like to move to a larger property. I’ve seen a property that appeals and I have the cash to purchase the new property outright. A cash buyer is obviously quite appealing to a seller and it would leave me free to sell my present home at my leisure,...with the added bonus that I could…
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Deposit return
Hello, My wife rented an apartment for the last 12 months for work. She has vacated the apartment on the 31st August with the check out and inventory completed the same day. She is now awaiting the deposit to be returned. The letting agent is claiming it will take 4 - 6 weeks for the deposit to be "negotiated" before it…
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Advice Needed. House interested in going to sealed bids
Hi, We viewed a property last weekend in a little village close to where we are now. Its up for £150,000 and is only 20 years old and is in decent condition. We put in an offer of £148,000 on Tuesday as did another couple who are interested in it. EA said the seller wanted overnight to think about which offer to go for. EA…
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Advice Needed - Bridging Loans
Hi i need a bit of advice and hope someone can help as it seems to be hard to find the info out I have purchased a new property and am due to move in three weeks, out current property is on the market but it dosnt look like it will sell in time to complete on the same day . We already have the deposit for the new house in…
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Old subsidence / insurance dilemma
Hi. We are in the process of buying a house which has previously had subsidence due to trees. It was fully rectified and we have the independent survey and other documents to confirm. My dilemma is around timings and what we need to declare on insurance. We are aiming to complete on purchase around 30th November. On 16th…
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Allocated Parking Dispute
A supermarket gifted a communal parking space to freehold residents in 2009. They now want this space back, even though I bought my house with allocated parking. I searched the Land Registry Title Deeds and my space is marked in red and has a different title number to the supermarket. Do I legally own this space?
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Garage Outline on Title Plan
We're just reviewing some docs sent over by the vendors, one of which includes the Land Reg. Title Plan of site boundaries. There's a clear outline of a detached garage but the sellers have knocked it down since buying the house (we know because Google Maps has the 2009 street view and they purchased shortly after). Just…
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Good tenant - how did you get yours?
Good long-term tenants are worth their weight in gold! I know there are no hard-and-fast rules to finding one, realistically will leave the background checks to the professionals - but I'm interested in finding out how you managed to get good tenants for your property. I can't rely on [STRIKE]gut-feel[/STRIKE] luck alone,…
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Buying property where owner has gone into care
So to cut a long story short, we had an offer accepted yesterday on a beautiful family home where the elderly lady who owns it has moved into care and won't be returning home. As far as I can gather, she is very much still "with it", but her son and daughter are dealing with the sale. Now it's very early days having only…
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FTB with cash
well i have received an inheritance, not massive but plenty to buy a three bed in area we like, and pay legal/moving costs and extras. we have been searching internet and found four possibles, two we really like, one more than other but that one is very top of our budget. Next step , i guess is to arrange viewings?? (All 4…
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Buying parents house for them to continue living in
Hi All My parents, in their 70's, have an interest only mortgage running out on their house next year, which will leave them needing to pay £60k to pay the capital. The house is probably worth £200k. Maybe a little more. They haven't planned for this properly so have no concrete plan for paying it off. I could just about…
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Approximate costs for this?
FTBs here, we have the survey report delivered and I am trying to get estimates of some repairs the surveyor suggested. Tried ringing few tradesmen but apparently no one is interested in giving a quote unless we are the owners of the house living there. Few tradesmen said they will charge £150 for a visit and a quote. So I…
