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service charge dispute
Hi all, I have a shared ownership property. I pay my service charge monthly via direct debit. Recently I received a demand for additional payment as costs for services was more than the estimated costs. However I noticed that the statement period was April 2017 - April 2018. I purchased and owned the property from 30th…
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Consent to let & renwing mortgage
Advice needed please Due to a temporary relocation for job for 12 months we are looking to rent our house. We are currently on a two year fixed mortgage deal (1.44%) due to expire at the end of the year. We are hoping to get tennants in 6 months before this having applied for consent to let. The issue we face is that…
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Practicalities of leaving joint tenancy
Good afternoon, Me and my boyfriend have been renting a house as joint tenants in England since April 2018, the fixed term of 6 months ended and the tenancy is now periodic, rent is paid monthly on the 5th, if we want to move out, we must give one month's notice. Recently we haven't been getting on too well and I thought I…
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Gap between exchange and completion question
My buyer wants to exchange 29 March . I have no objection to this and nor does my vendor. I think that in theory we will be in a position to exchange contracts in a week maybe two at the outside. Is it reasonable and/or permissible to ask him to exchange as soon as we can and have a longish wait to complete? Whilst it…
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Selling and moving in with family - solicitor advice
Hi, As per some of my other posts and comments recently, we're moving in with family members while waiting for our house to be build which is likely to be around 6-9 months. I've priced up solicitors online and have seen many come with a "no sell, no cost" guarantee. In the current climate with possible swings in house…
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First Time Buyer - LTD Company Conflict
Hello all, I have attempted a search on this issue but the closest post I found was not really specific enough to my circumstances. I live at home with my parents and an opportunity has came available for me to become a 33% shareholder within a LTD company that would like to purchase a house for student BTL. I am currently…
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Sell up or wait it out
Moved to NE Scotland about 5yrs ago at the peak of the housing boom, bought a 5 bed house (which needed renovating) for about 340k, Trying to sell up now as we have decided to move back to England as work hasn't been the same for us since the oil price crash and DH has found work down south. Spent over 30k renovating the…
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Why my property lease only include the orginal buyer's name rather than my name?
Hi, I bought my flat in 2014. Now I want to re-mortgage it. But my solicitor requires a copy of my lease. I only have one copy which is a lease between the landlord and the original buyer (who bought the flat when it was newly built). I am wondering if it is the correct lease. Should it include my name as well? or it is…
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Help to buy ISA house deposit
I'm wondering if anyone knows about using the help to buy ISA for a mortgage deposit. We have got a mortgage in principle for up to £180000 with a 5% deposit and I love a house on the market for £155000. We have £7000 in our ISA which alone is a little short but with the bonus it would be £8400. Which would be perfect! But…
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Who else is selling and buying during Brexit
I thought I would start a thread on anyone who is selling or buying a property during Brexit (as in March onwards). Just to note the trials and tribulations (if any, I am being optimistic as desperately need to move). I am putting my flat on the market end of Feb, just redecorating it and smartening it up now, anyone else…
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Can anyone recommend a lender for building loans? (Buying and renovating a uninhabitable property).
Good morning, I'm currently looking at buying a building in my village which has never been used as a residential property. It is my intention to turn it into a residential property. We're still getting quotes for the building work, but have had a rough estimate of £50k to do the work on top of the £50k to buy the…
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First mortgage payment. When?
Good morning all. Can anyone please tell me when the first mortgage payment would be taken? Is it taken upfront upon moving in? Or is it taken one month after the date which you have moved in? Cheers
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Boiler service record
So, the solicitors have inconveniently managed to lose all the accompanying paperwork to our house. We have the deeds but nothing else like the Gas Safety certificate etc. It's a fairly new build so the boiler is only 5 years old. We don't have a record of any boiler services (as this has been lost) and I want to find out…
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So many properties so much income gambling addict
I will recieve these properties and i don't know what to do. Property 1 6 Bedroom House, 30ft kitchen, dining room, living room, 3 bathroom, utility room. 100ft garden with outbuilding. House value- £820,000 with area redevelopment may increase. Rent value £2500 to £3000 a month. Location London Property 2 3 bedroom, loft…
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First Time Landlord - Utilities Query
Hi there, first timer here! I've just bought a flat which I intend to put on the rental market (I actually have a friend who is likely going to be my first tenant). My question is with regards to gas and electricity. Is it my responsibility, as the landlord, to set up a new supplier, or will it be my tenant's? I know I'll…
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calculating net equity from downsizing
Hi all, i am downsizing my property, and porting an existing mortgage to a new property i would like to buy. I have been struggling 9i cannot get my head around it!!!) with trying to calculate the net equity i would recieve back from the downsizing, and was wondering if you all could help me! Numbers are not real - but the…
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Joint Tenants and Tax implications
I have a relative who wishes to add his son to the deeds of the house which is mortgage free and make him a 'Joint Tenant'. The relatives wants to know if by doing so, he or his son would become liable for Stamp Duty, CGT or Inheritance Tax. He did consider Gifting, but it would mean he would need to stay alive for more…
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Help to buy loan declined help
I applied for a equity loan despite having 5 percent deposit was declined Reasons were Credit loan 3000 Car finance payments 300 per month Remedies offered deposit around 20000 which 20 percent? Future job progression as a doctor not considered I work part time as a junior doctor purely buying to make my son happy as he…
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Selling collection to buy a house while on ESA
If I sell part of a large collection in order to buy a house while on ESA, does that count as savings? Will I lose my benefits until I buy? If it would affect my benefits, will it be different if the buyer buys the house and exchanges it for the collection?
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Buying house scam
Hello all... I’m here seeking help, about a year ago a meet someone offering to be a mediator on getting me a house kind a agent, so he showed us the house we are meant to buy, requested all the papers to send to his broker for mortgage arrangements. Off course at cost where he requested 40% deposit to hold the property up…
