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paying back disability grant
Have accepted a offer on my mums flat but local council have to be paid back a disability facilities grant can we pay this after the sale has gone through or does it have to be paid before.would non payment stop the sale going ahead
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Pulling out of a sale
Hi all, Need some advice! I have just had the valuation back and its £9000 less than what offer i put in. The bank (who organised the valuation) is asking for some feedback to see what gets said. However, i am a FTB and feeling bad at the idea of pulling out of the sale! Is it a common thing to happen? Thanks B
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Consent To Let - Tenants Protection
My uncle will soon be moving into a property with his partner and me and my partner are looking to rent his mortgaged property, he has been in touch with his mortgage provider and they are fine with him renting out the property for 3 years aslong as the consent to let is paid every year, I am footing the bill for this as…
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Help to Buy equity loan (maths is fun!)
Looking at a Help to Buy equity loan. It seems the usual is to take a mortgage for 80% (including the deposit) and have 20% HTB loan. But I'd like to know - is that the best way to go about doing it? If you can afford to take a higher than 80% mortgage - should you? Either way, the deposit is the same, I'll just have to…
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First time rent - Quick questions
Hi all, I will be moving to my own flat for the first time this Friday and been updating address left and right. I've been trying to sign up with a Gas/Electric supplier as well as the water supplier. For some reason, the new address doesn't show and the even the customer support couldn't find the address, so I've…
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Advice on buying neighbours garden
Hi Looking for advice on buying part of my neighbors garden which backs onto my garden boundary, the extra land is land locked with no vehicle access possible plus it has Tree Preservation Order's on all of the trees on the land so future use is very limited. Its use is purley as garden only, any body have an idea of what…
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Rent to buy credit score
Hi Does anybody know what credit score is needed to qualify for rent to buy. Our credit is very bad but we've gone through our credit report and contacted every company who wee owe money and set up repayments. Between us we have 8 ccj's all within the last 2 years and we wouldn't look to do rent to buy for another 2 to 3…
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Unequal division of income from rental properties / Statement of Trust - advice needed
Hi, I will try and keep this as short as possible. Me and my husband own two rental properties, jointly, and personally (ie not through a limited company). He earns more and is in the higher tax bracket. I now earn little and am in the lower tax bracket. With the tax changes being implemented on the mortgage relief for…
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Buy to let mortgage advice
Hi, We are looking into another buy to let, but the property is at the moment not in a habitable condition, it needs a lot of refurbishment, this would take give or take a few days three months, we have a tenant lined up for June. We are having a bit of trouble finding a buy to let mortgage that does not have the "must be…
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Leasehold Service Charges (Genesis HA)
Hi guys, I am a leaseholder of a fairly new built flat in London. The freeholder is Genesis Housing Association. We have received our annual service charge statement for 2017/18 - it is quite high to say the least! As leaseholders we have the right to ask for back up invoices (Section 22 of LTA 1985). However, Genesis is…
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Estate Agent Advice
Hi all, looking for a little advice in how to handle my estate agent. Firstly, our property was on the market for £162,000 for 2 months with only 2 viewings and no feedback for viewers. We managed to source our own viewing and sale from a builder as part of a "chain break" (our sellers builder buying our property). The…
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Land and Buildings Transaction Tax (LBTT).
Hi Folks, I bought a flat in 2006 but met my partner a few years later and moved in and have rented my property since then. I still own the flat and have a buy to let mortgage in place. Everything above board with landlord registration, mortgage company and tax man. My partner has the mortgage for the house that we live in…
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Rentcharges on freehold property
Just over 2 years ago I purchased a leasehold property and of course had to pay ground rent of £300 per year. The council have recently contact all the buyers in the new development to inform us of an option to acquire the freehold to our properties at no cost (this is now in process with solicitors) . :beer: Anyway, today…
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Does indemnity insurance mean you can't do any later work on a house?
We're first time buyers very near completion on a house that we absolutely love, however there is a loft conversion (not a bedroom, but an office/hobby room) that has never had building regulations applied for. Our solicitor is investigating and says that if it's more than 20 years old, it's basically a non-issue. We're…
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Property Search
Does anyone know which property search web site has many options to aid your search? I used it a while ago and now can't remember which it was. you had options to put in your requirements such as distance to family, crime rates, age of residents. Then it would give you post code ares to concentrate on. Thank you
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Advice on Purchase and Survey
I am purchasing a 1890’s Victorian 2 bed terrace and I am at the survey stage now and needed some advice on how to proceed. I initially made a mortgage application with Natwest which was declined in the later stages of the application due to issues on my credit report. They carried out a valuation of the property and did…
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Buying a house that as been sold 3 times in less than 14 years
Hi All, New to opening up a thread, as I've been an avid reader on this site and haven't had the need to sign up and ask a question. I suppose I've found all answers/forum conversations until now! So basically, as a First Time Buyer, I have seen a house that I like, but upon doing my research I noticed the house sold in…
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Do I need to do searches??
I'm buying a flat for £50k on a 95 year lease. It's 4th (top) floor and the block was built about 50 years ago. I'm paying cash and am eager to complete ASAP. Which, if any, searches would you recommend I carry out? TIA
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Let To Buy - and affordability requirements
Hi all, My fixed rate mortgage is coming to end shortly, we've outgrown this property and want to move to a bigger house without selling. We've settled on a doing a let to buy. We've used consent to let before and it served its purpose at the time but this situation is different. So how would this work?* Turning my…
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Advice re solicitor incompetency
We have had a rocky ride buying our freehold. We started the process 2 years ago. 6 months ago everything was completed. However, I should add that we lost our remortgage due to our solicitor's incompetency. They agreed to give us compensation. We accepted. We thought that was that. Roll on 6 months and we wondered why we…
