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Dry Rot in Communal area - trying to figure out my rights
Hi! Ive seen a few threads about dry rot and liability but my case is slightly different and Im looking for some advice and thoughts. I am currently in the process of purchasing a flat that has had dry rot, but has recently been treated with extensive tanking and damp proofing added that has a guarantee (I know guarantees…
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FTB - waiting for seller to move out
Hello, i am a first time buyer (we are not selling a house nor are we moving out of rented accommodation) and had the offer accepted in October 2018. When we put the offer we were informed that the seller was buying a new build and i checked first that it was in fact built, we were told it was built and mainly just needed…
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Total rant and not sure where else to put
I moved 3 weeks ago and loved my previous house but had to downsize and be near family again after living away for a few years ( not relevant but thought I'd add) I had a small small holding , 3 acres , barns , wildlife etc . An ex neighbour contacted me today and the new owner has taken down a 200 year old monkey puzzle…
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Would you buy a house with steps up to front door?
Looked at a house built on a hill that is raised one storey at the front so the half is a garage under the house and half is stepped access up to the front door and side gate to the garden. About 15 steps in all. Rear garden is at house floor level. House is great, price is good (due to the steps I imagine). I'd be lying…
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Mortgage Provider says property is not fit for lending
Hi all, I'm a first time buyer and very stressed at the moment. After a few property's fell through I have finally got an offer accepted. A week later the survey has been completed and my mortgage broker rang today to confirm the mortgage provider has noted the property is not fit for lending and has requested a structural…
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Can I buy part of my Mums house?
My Mum took the decision to use equity release a few years back to do home improvements. 8 years later she owes £70,000 and it's rising. I can't afford to buy her house outright, but I could raise the amount, I would like to protect it by buying a % of her house. a) Can I do this? b) If I can, what would be the best way to…
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Challenging council tax band
Sorry this thread doesn’t really fit here, but I’m struggling to find best fit! I caught a bit of the ML show recently about council tax bands, but didn’t see it all, so am seeking support here. My flat is in a block of 6. There is another block of 6 flats adjacent. We are all Band B. We are 2 beds. We form our own…
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First home of main residence but own other homes, do i still need to pay stamp duty?
So I have 2 existing properties, 1 x BTL and 1 that i have inherited but do not live in however I am yet to buy my first home to live in as my home of main residence I have looked at this: which.co.uk/money/mortgages-and-property/home-movers/stamp-duty/stamp-duty-calculator-ar7uu5s1fycx which suggests I pay £0 SDLT for an…
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Buyers survey on my house
Hi all So today the buyer of my house arranged what I thought would have been a home buyers survey. The surveyor turned up and was gone within 10 minutes, I assume that was a basic valuation from his lender. Now is it likely that a home buyers survey will follow? as I’d have thought both would have been done at the same…
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Same solicitors firm as seller?
Hi all - I couldn't find anything on forum search to answer this question - apologies if I missed something! My partner and I are FTBs and have just had an offer accepted on a flat. The EA has recommended a solicitors firm to use. I'm naturally cynical of this but they actually have amazing reviews and are based very…
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MAJOR Remedial works leaves my property unsellable
Hi, I'm looking for some advice please. Apologies for the very long post but there is not a quick way to describe the situation! We live in a leashold flat that I purchased directly from the developer 10 years ago. In 2014 water ingress was noted as a serious issue in the development as well as water penetration into some…
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FTB, BTL and STAMP DUTY
I am a FTB and in the market to buy a house. I understand that as a FTB I will not be eligible for stamp duty relief if I plan to let out the property. However, given my particular circumstances, I may not end up living in the house for more than 3 months, so my question: how soon after purchasing the property and having…
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So fed up with FTB!!!
So they had a second viewing three weeks ago, since then keep asking agent questions like "which bank is OUR mortgage with"!!! Their English is poor and they had booked a survey with a local surveyor, now they have cancelled that but tell the agent they still want to buy the house! Meanwhile two houses we wanted to put…
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Buy a new house and keep the existing
Hi, I need some advice about my current accommodation situation. I want to buy a new house and keep my existing house which has 115k outstanding. I want to buy a new house for 3 different reason. 1. Location of the house doesnt suit me anymore. 2. I have can have a life time tenant (unless something happens). 3. I have…
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My name and surname are wrong on the tenancy agreement
Hello, I've recently signed a tenancy agreement with a private landlord. On the contract that he gave me both my name and surname are spelled incorrectly. There is an additional letter added to my name and some letters in my surname have their places changed. The question is: if I later don't like the property and just…
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No mortgage for property with planning permission
I wish to purchase a house that has planning permission to build a second property on the plot (I do not intend to build). A previous sale fell through because they were refused a mortgage on the basis that the existing property would be devalued if the new property was built. No other mortgage company will offer a…
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Query on Land Registry language - does this mean what I think?
Thanks for reading, first of all. Background - our neighbours put in for ownership of unregistered land adjacent to their own, but the land they were claiming also included a section which was adjacent to land bought from them by our predecessors here, so not next to their land at all. They were claiming they had used all…
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Exchange of Contracts - New Build
Hi All, I recently had an offer accepted on a new build, currently going through the mortgage application (have an AIP etc). I just wondered how lenient Developers are with exchange dates and the payment of deposits? The developer said that from Reservation fee payment to exchange is 28 days. My solicitor says that 28 days…
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Is it common to buy an old semi without bothering with any surveys at all?
Hi I put an offer in on a slightly tired looking semi detached. I didn't hassle over the price and offered the asking price. I did this as i could see the sellers only bought the property 8 months ago for £136K. They had put in a new kitchen, and so i agreed £137K. I obviously had concerns over the fact that they put in a…
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private loan tax deductible on rental property
If I had a private loan off a family member to buy a rental property, could I deduct the loan repayments when calculating profits on my tax return? There would be no interest on the loan.
