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Purchasing a BTL as a Limited Company to save on Stamp Duty
Hi, I am looking into buying a property as BTL. I currently own 1 house which is being rented and another one jointly with my GF. With the joint property I had to pay the additional 3% of stamp duty as it is classified as an additional property. I am now in a position to buy an additional property which would be strictly…
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Vendors lied about a leak
Hi We've completed on a house purchase about a month ago. When we collected keys I noticed what looked like a damp patch in a corner of a room downstairs. Vendors stated on a form that there was a previous leak but all fixed and no problems since so I asked them is that an old damp patch or something that happened…
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Buying parents home
Hi, I'm looking for some information and advice on buying my parents home. Plan is to extend the property and live there with my Partner and two children and mum (Dad passed away a few years ago) as the property is too big for mum on her own. I was planning on using equity from my current house sale and a small mortgage…
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Neighbours sabotaging viewings
Hello, Seeking some advice please... We are selling a property by auction and potential buyers have been viewing the property with the agent. The problem we have is that the neighboring farmer is trying to put them off. He has been extremely rude to agents whilst they are showing people around about where they have parked,…
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removing anti-fraud restriction from Property Register
Newbie here. I'd be grateful if a property solicitor or one of those nice people from the Land Registry cd help me with filling in RX 4 ( or should it be RX3 - I am the sole proprietor of a long leasehold flat; there is no mortgage though the interest of the Freeholder is registered) in order to remove the restriction…
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Leak in new house
Please could anyone offer advice on our current situation. We completed last week and when we entered the new house we discovered a strong smell. It took us several days to locate the source (we havent moved into the house yet). It looks as though, when the sellers disconnected the dishwasher, they did not turn the water…
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First time buyers, are we being realistic?
Hi everyone, looking for a bit of advice. My partner and I are in our early twenties, living with my parents currently. We have recently finished uni and have started relatively secure jobs (nurse + IT administration). Our combined income is £42k pre tax not including overtime. We have never rented or owned property. We…
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Buyer has had to pull out, can’t get mortgage
So, we are in a small chain, just us, our buyer and our vendor. The estate agent has just rang to say our buyers have been on and are struggling to get a mortgage (they had DIP). So they have put house back on the market as of tonight, and have someone interested in a 2nd viewing tomorrow. They’ve suggested saying nothing…
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Homebuyer Report - FTB Advice
Hi there, I have just received the Homebuyer Report for a property I am in the process of buying and would appreciate advice as a first-time buyer. House was built roughly in the 1950s and the valuation has come back the same as the amount agreed upon. The surveyor prefaced the report with this: "Following my inspection I…
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Mortgage declined as we were victims of ID fraud
Hello, in my desperation I am wondering if anyone can help We went to a mortgage advisor who got a AIP with Natwest so we went ahead and paid £598 of fees to process the application (plus an extra £400 to Natwest) We discovered today that Natwest didn’t send the application to their underwriters and have declined it…
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Tenants Liability Insurance (again..)
I have searched and read previous threads but am struggling to find companies to quote for this insurance, other than the one my letting agent 'kindly' gave me - Hepburns Insurance. The letting agent (Leaders) insists upon it. I need to take it out in order to collect keys and I may well cancel after 14 days but I do not…
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Selling V renting
I wonder if anyone has any info/advice for a situation. I have a property that is owned outright and is currently let out. If the tenant wants to buy it from me is it possible that I carry the mortgage rather than them getting one from a High Street lender? Will the money they pay be treated differently? What I mean is now…
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Is this a fair deduction from deposit?
I went to great pains to return the property in perfect condition after over 2 years of rental. The landlords are now attempting a charge for gardening on account of weeds and plants in the garden. The weeds were fully removed the day we left and we have photos to prove it. The estate agent did their check out two weeks…
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Financial advice required to purchase property switching from commercial to residential use
I wonder if anyone could offer any advice on finance/lending options for a potential unusual property purchase. Our local old village hall is on the market and I would love to buy it. Several people have made offers, but have been refused a residential mortgage, due to the property currently being actively used as the…
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Estate Agents notice
Hi All, After some help, as getting a bit confused by the contract with our estate agents. We are outside of the minimum period, but the contract states we need to give 28 days notice. I don't want the house to not be on the market for a month, so am I able to give notice in writing to the current agent, asking for a list…
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Error Rectification advice please
We have recently purchase a piece of land to build on. Our solicitor sent in the Transfer Plan - still at land registry. We have applied for a loan, however, the loan company have told my solicitor that the Priority Search has come back showing a piece of land within our boundary that doesn't belong to us, and therefore we…
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CGT apportionment
We have a flat which we have lived in for 7 years and have now just let. Over the seven years it has increased in value (the capital gain) by some 40%, but it is safe to say that it is now growing at 0% or less and this is likely to continue for some time. Suppose we continued to let it then sold it in another 7 years…
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Shared Domestic Driveway / Vehicular Access
We live in a property that shares a driveway with the adjacent neighbouring house. From the deeds it appears that two-thirds of this driveway is on our land with the remaining third belonging to the neighbour. It was put in approx 50 years ago by the original owners and our neighbours. We have been using this without…
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Rental Exchange (Credit Ladder)
Has anyone used the above scheme? I'm a little confused as to how it works. One article I read on here says I pay my rent to Credit Ladder and they pay it to my landlord on the same day - fair enough. However, on the Credit Ladder website it says I pay my rent as normal to my landlord and I give Credit Ladder read- only…
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New Build Incentives
Hi all, My girlfriend and I have put down an early bird reservation on one of the amazing Rosas homes by Strata on their Kudos site in Leeds (very exciting!!!) While we were viewing yesterday, one of the girls in the sales office told us that we would need to negotiate on incentives for carpets, flooring, tiles etc. I just…
