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scary world of house buying
Hi all, I am a potential first time buyer with no clue what I am doing, I have obviously read articles from martin :money: and stuff on the internet and friends experiences but still feel a bit out of my depth. I have had a mortgage promise from the bank I am booking an appointment this week to see a mortgage adviser I…
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Help - Shared Ownership Resale
Hello, Hope you can help. We bought a shared ownership home with 25% shares a year and a half ago. We totally regret doing this now - due to many reasons including the house itself. We now want to sell, we can afford a full mortgage so to try and put it simple we want to completely get rid of the shared ownership and buy a…
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Local searches
Evening everyone. I have a few questions about local searches. I've had an offer accepted on a house in Belper, Derbyshire. I got a chunk off the AP on the proviso I was quick about it and moved in sharpish. Fine by me. The buyer of our house has had a wee prob with his mortgage (soon to be resolved I think) so I'll be…
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Wet paint, no warning clothes ruined
Where do I stand, please. Came home after work with some groceries, unlocked my door and pushed myself through the door (my door has a heavy spring on it) Lo and behold, I'm absolutely covered in white oil based paint. I simply cannot get the stuff off and my work clothes are basically ruined. There was no warning or…
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Reserving a new build without mortgage?
Hi, Would there be any way to reserve a new build property without having a mortgage agreed in principle? I’ve recently graduated and start a graduate scheme in the coming weeks. The money is good and I’m therefor looking to save towards a house. I have about 4k of savings and me and my partner are looking to save about 1k…
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Lodger, definition of “main residence”
Hello, I would be greatful for some advice. I own my house outright (no mortgage). My mother owns a flat near her house in another city, and I will be staying there for three months in order to spend some time with her,, not paying rent, but paying bills and council tax. I will continue to pay bills and council tax on my…
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Rental notice period
Hi all, I am due to complete on a new build property soon so will be giving notice on my rental property in the next week or so. I'm in Scotland. I've looked at my tenance agreement and I originally signed in March 2015 for 6 months, it's never been renewed and has rolled on month to month since then. The TA states: "If…
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My new build negotiation....
Hi all me and my partner are first time buyers, looking to reserve a Bellway 3 bed detached in Leigh, Lancashire. It's been a stressful time, here is some background to the problems we had in the mortgages forum that I can't link. The site is new, current release of four 3 bed detached listed at 209995 and one 4 bed…
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Tenants Deposit protected late
Hi, I am looking for some help. Bit of history.... We have moved out of our rented property after 18 months, landlord is really not a very nice man and chase us quite a few problems. Our check out has been done and there are some deductions we are happy to pay ( couple of small dents in the fridge pinprick sizes, small…
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Neighbours tree and roots
Another post on here made me think about this, rather than takeover their thread I thought I would post my own. My neighbours have a tree, it is basically at the edge of their garden but on the border with ours (their side of the border) and is pretty high - its like some forest pine tree. The roots are in our garden which…
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Eviction court fees
Hi just after a little help...we served notice to tenants, they didn't go so went to court for possesion order and asked for court fees to be added. Judge ruled in our favour possesion order granted and defendant to pay our costs. Still didn't leave, so went for bailiffs warrant and tenants are being evicted next week. As…
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New Build Chain Break
The person whose house we are interested in buying is buying a new house. The developer (Persimmon) has offered to buy our house as a chain break in order to get their sale. We are happy with the price they are offering but have concerns that there maybe pitfalls that we are not aware of. We would have to exchange…
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Buying shared ownership as self-employed - not enough income on paper...
As the subject title mentions, I'm trying to buy a shared ownership property but I'm running into an issue because I've not paid myself a high enough salary from my limited company to meet the requirement for the mortgage. So on paper, my personal accounts show that I have not made enough but there is plenty of money left…
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Land Registry
Hello everyone, We are buying a house, currently we are at the last stages, but I have received a mail last week, that there is a restriction in the land registry, which has to be removed before we can exchange. How much time does it take usually? And how can I check if the solicitor is working on it already? Thanks in…
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Tenants notice to quit
Hi, I am renting a flat from a Letting Agent & on a Periodic Tenancy, I plan to move out in the next few months, when I write the notice to quit would I put the Letting Agent as Landlord or the owner of the property who is listed in the tenancy? Thanks.
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2nd Home Capital Gains Tax
Due to my property sale falling through I am planning to make my purchase as a second property. How long do I have to sell my original property before I am eligible to pay Capital Gains? I believe it may be 18months but I finding this quite hard to pin down so any useful links would be appreciated. On a separate note I…
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New build extras in purchase price
I am just looking at recently purchased properties on a nearby development on the Scotish land registry and I was wondering whether the price quoted includes any extras that were purchased when buying a new build porperty? This is not for mortgage reasons, I want to have an idea what people managed to negociate in the…
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Survey flagged up big problems - who should pay?
We recently got our survey results back from a flat we're buying, and it has flagged up some fairly serious issues which the surveyor thinks need to be addressed immediately and prior to exchange. All the problems are with the exterior of the building but they are causing issues internally - basically a nice victorian…
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Buyer has an Islamic mortgage
Hi everyone, I'm new here so I hope I'm doing this right :) We are selling our late Dad's house to a buyer with an Islamic mortgage. I was informed last week by the estate agents that the buyer's bank has now deposited 50% of the agreed price and that we are set to exchange and complete this coming week. I understand the…
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Last Minute Worries
I am due to exchange contracts on a property this week but I am having some last minute nerves/worries. We are FTB buying a 3-bed semi-detached property built in 1956 which the seller previously rented out. We are looking to modernise the property, carry out a kitchen extension, install a WC and rewire. We initially put in…
