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Tax Implications- Child's name added to property title
Dear All, My mother added my name to the title of our property in October 2015. We are now tenants in common. The property has been my main residence for over 10 years and I continue to live there. Would there be any tax implications for me in the event of my mother passing away and my selling/leaving the property? Thank…
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Partner went to new house without me
A little bit of a silly one I guess. We completed last week while I was in work, partner collected the keys from EA and went round our new house before I finished work. I wanted both of us to step in together for the first time. It's been bugging me for days that there was no consideration shown toward us both being there…
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What are all the initial costs to renting?
Moving out for the first time and preparing a budget. What are all the initial costs to renting?
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Top of chain threatening to pull out
We had our offer accepted almost 10 weeks ago and are living in rented accommodation on a rolling contract so are at the bottom of a short chain. Our solicitor has been having problems with our vendors’ solictors, in that they have been skirting round simple queries and blatantly not answering them. Our deposit is coming…
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Factored Property,Planned improvements
[FONT="]We own a property where the scheme is managed by a factor.[/FONT] [FONT="] [/FONT] [FONT="]The scheme has its own car park with a mechanical barrier pole that is always up and has never been down in the 5 years we have owned the property.[/FONT] [FONT="] [/FONT] [FONT="]The factors now plan to…
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buy or rent
Having just secured a buyer for my house who wants to move quickly, cannot now find a suitable property. Should I rent or wait for another buyer. Also if I rent, where should I put my funds.
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Should We Give Away Our Garden?
Hello We have just moved into our new house and have established that according to Title Plan the fence installed between our garden and the garden next door appears to be approx. 200mm out of position! We know the Land Registry records general boundaries only and as the fence has been in place for 10+ years we recognise…
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Has anyone been denied 'permission to let' from Nationwide?
Hi, i'm looking to move in with my partner and let my house out (he has kids and his house has more space for them, whilst mine doesn't). As I'm tied into a fixed rate mortgage with Nationwide for the next 4 years, we thought letting my house would be a good option to avoid ending the fixed term early and incurring fees,…
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Buying first house (Budget 300K) - opinions would be really appreciated.
After years of renting we are finally looking for a house to buy. So being FTBs, this is where the MSEs' expertise comes forward - I really need a second opinion. Both myself and my partner will need to commute into London daily. We have seen a first-floor maisonette, which is close to the Greenford station and we like the…
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House purchase/survey/external wall cracking
Hi, I'm in the process of buying a house and we have have just received the building survey for it. the surveyor has pointed out some external cracking to the render on the front of the building and stated the following 'There is cracking to the front elevation that is likely to be caused by faulty drainage. A specialist…
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Bought a house, discovered a damp wall under wallpaper
Hi, First time buyer here. Me and my partner bought a property (completed a week ago). Now we're moving in and obviously start to discover that it's not all rainbows and unicorns. We had Building Survey done, which claimed that damp readings were carried out and nothing came out. Quotes: 'Damp meter readings have been…
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Stamp Duty first time buyer, help please!
I got home today to a letter from HMRC saying we claimed £0 tax on our property, but we owe £5000.. we are first time buyers so should not have to pay this, looking over our SDLT form, our solicitors has entered the correct relief code but ticked No to claiming tax relief. At the time we were unaware of this as we are…
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Stair lift in communal stair
Has anybody been able to install a stair lift in a communal stair? I am selling my mum's flat which is a first floor flat but the stairwell is owned between the two flats - I have been asked by an interested buyer if I know if they could install a stair lift. I have suggested my estate agent contact my solicitor (same…
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How to move, shared ownership?
Hi all, wondered what you thought..... Own a small flat and used help to buy. Struggling however due to poor soundproofing so wish we had a house but am unsure how to get out of it. We have a fixed rate mortgage which we could move without penalty as long as its the same value. As this is only 145k however cannot buy…
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Is this normal when buying a house?
Hi, We've put in an offer on a probate house, we've had a cash buyer accept on ours and we have an AIP. The estate agent asked us to go in and "validate" our mortgage offer I just had to go in with my ID and a copy of the AIP. Is this normal? I have to say they were asking about outstanding mortgage etc and I didn't really…
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House on the Market 1 week and no Viewings
Hi everyone. My house has been on the market nearly a week now and I'm yet to have any viewings. I was hoping you kind people could give me some advice on changes or improvements to help me get some viewings. This is my listing: rightmove.co.uk/s6p/84535931 Kind regards :)
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renewing home insurance when selling
Hi I am struggling to find a company that will renew my buildings and contents insurance because my house is currently up for sale and current insurance runs out at the end of this month? Any ideas?
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Utilising spare room in a rented home with Airbnb
Hi All, If we are renting a 3 bedroom house / flat and we are only using 2 bedrooms, is it possible to put the 3rd bedroom on Airbnb to make a little bit of money? It seems in the area we are looking for properties, we can't really find 2 bedroom ones but we don't really need a 3rd room (especially for a higher price) but…
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Inheriting a house I'm wishing to sell
I'm the sole beneficiary of my mother's will and I've inherited her house. She lived in the house that was in joint ownership with my father who died more than a decade ago (she was the sole beneficiary of his will). She died last year (2018) and I now have probate. I've contacted the mortgage lender (the mortgage was paid…
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Help needed with renting
I am currently 19 and looking to move out of my parents home to rent for myself. My current gross annual salary is around £15.5k, taking home about £1100 monthly. I’m looking to rent a flat for around the £500 or less mark and am worried about the referencing and my wage. My dad said he’s more than happy to help me out to…
