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Changing the split of tenants in common after paying stamp duty
I am in the process of remortgaging my buy to let that's currently in my sole name - with my friend for us to be tenants in common. Initially with a low split (possibly 75/25) so I know we will need to pay stamp duty. However, over the next couple years she would like to increase her share. 1) would we then have to pay…
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Advice needed regarding affordable housing/social housing
Hi All. So, I'll start from the beginning. Myself and my partner bought a new build home back in March this year. In the sales pitch we were told that a number of the homes around us will be AH (affordable housing), which of course we weren't bothered about. AH is basically the same as buying the house outright in terms of…
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Sole Agency Agreement, not confirming email cancellation notice.
Hello all. I've been in a sole agency agreement with an agent, that agreement was for a minimum of 8 weeks. Unfortunately due to poor viewings and I decided to hand notice to my agent, the notice period is 2 weeks, and I sent this to them on week 7, so all should be within the limits specified on the contract. I provided…
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Advice on safety in Hornchurch (Elm park side) , Hainault, Chigwell
Hi there! Me and my husband are starting to look for 3 bed houses around the areas of -Hainault -Loughton -Chigwell -Hornchurch -Elmpark -Thamesmead -Woolwich He works near waltham forest and I work near oxford street, so these are the only places that are within pur budget and where we can both travel comfortable. He will…
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Unrealistic asking price?
Hi All, Currently looking for a new house and we've found one we are interested in, but some of the numbers don't seem to be stacking up. Would be good to get any thoughts. Previously on market for - never sold 13th Jun 2009: £285,000!-!5 bed detached house - Bramleys 20th Nov 2010: £268,000!-!5 bed property -!iSold 9th…
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Attended exchanges - What's the deal?
Hello all! Has anyone on here had any experience with attended exchange? Who pays? Do both purchaser and seller have to stump up the extra cash for an appropriately competent solicitor? How would this work with a buyer that has a mortgage? It does feel awfully like nearly no solicitors offer this service and I wonder why.…
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Seller unsure where documentation is
Hello all, So all we are waiting on now is a few enquires from the Seller, they are pretty standard questions. Some of the questions are asking for guarantees of everything in house, the seller is stating everything is guaranteed but she doesn’t have the documents.. could this be a problem? Our solicitor is also asking for…
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Section 21 Notice Is It Valid?
Hi all My partner and I have just been given a Section 21 notice yesterday, we have rented here for 7 years, had 3 different landlords in that time and now the current owner has now sold the flat to a homebuyer. Our actual tenancy agreement ends on 7th November and they have just given us a section 21 yesterday asking us…
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Piece of land with new potential for building but dont know where to start
Evening all My dad has owned a piece of land for about 15 years and when he first bought it he made inquiries on the chances of building property on it and was told no chance as even though it is surrounded by properties it is/was considered outside the village building area. Obviously alot has changed since then and the…
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Divorce/Seperation and the Tenancy Agreement
Hi all, I'm trying to help a friend out but struggling to find any information or precedent on this... She told her husband that she wanted a seperation after 4 months of marriage. The relationship was never pleasant and she had finally admitted to herself that the marriage shouldn't have happened. Unfortunately last month…
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Road ownership....who??
I'm stuck and don't know where to try next........... I live in my own house on my own land but the access to the house is down a road owned by the local family estate. The surrounding fields are also owned by the same family estate. The land and lane have recently been put on the market and we were able to look at a copy…
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Deposit When Renting
Hi all Firstly thank you for taking the time to read my post and I appreciate any advice given. My partner and I have just been given a Section 21 notice and need to leave our current property by 7th November, we had rented here for 7 years but the owner has now sold to a homebuyer. My question is about the deposit, we…
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Stamp duty question on buying new house
We currently own 2 houses. We originally lived in the first one but we moved away from the area and it’s now let with a BTL mortgage. We also eventually bought a house in the new area which we now live in with a residential mortgage. We’re now thinking of moving again to a new area and are not sure what to do re buying…
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Land Registry restriction v Limitations Act
Good Morning, My first post so apologies if I have placed it in the incorrect place. I separated from my partner 13 year ago, at the time me he left me with joint debt around £35,000 and took the new car I had also purchased. We have only been receiving CSA for both my disabled children for 5yrs ( to be fair initially, I…
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Gas oven without ignition-is this legal?
I've recently moved into a new property in Scotland. The oven is fully gas (hob, grill and oven all run off gas). The gas safety inspection certificate notes a fault that the ignition hasn't been connected to the electrics, so the ignition switch on the cooker doesn't work at all. On moving in day, I mentioned this to the…
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Transfer of ownership
Hello 2 of my uncles own 3 properties under one mortgage as a partnership. One of my uncle wants to sell me his stake in the partnership The value of his share ( i.e the value of 1.5 properties) is worth 300k with his share of the outstanding mortgage of 130k As he is my uncle he has agreed to sell me his stake in the…
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House Repossession by Landlord's Lender
I'm renting a house on an AST when I got a letter last week from my landlord's mortgage lender telling me that the court had awarded them possession of the property back in June and that I was now required to vacate the property immediately. My landlord claimed it was all a big misunderstanding and he was sorting out the…
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Eviction reasons not known what to do?
Hi there I rented a property a shared flat with a company called werentuk I found them on openrent. The property required no deposit except for £200 which is taken to secure the room and which comes off the last months rent. I rented one room with this company for two months and signed a short term lease contract which…
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Is it possible to sell house in not-so-good condition?
Hi all, Looking to sell our 3 bed semi next year, but I'm feeling anxious about a few things wrong with the house and wonder if it's worth sorting it or just selling as is, here are the issues: - Very thin hairline crack on external wall (goes around the bricks near a window) - There is a bulge in the concrete floor (under…
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how do i what out the value of my investment in a shared property
HI Sorry...The title should say "How do i work out..............." i bought a house with my girlfriend a few years back. we put different cash sums in to buy the house. eg i put 280k my girl friend put 110k . the house was bought for 450k. How do we work out what the increase would be to our original investments today.…
