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25%Shared ownership mortgage
Hi there, I need an advice regarding buying a shared ownership house. Current market value is £235k. 25% cost around £60000 and deposit is around £3000. Me and my husband have savings £7000 and 3 months old baby. I am currently on maternity leave and his salary per annum is around £17k. No any loans or credit cards at all.…
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Joint purchase with parents
I plan to open a first-time buyer ISA account. However, my parents plan to buy a house soon. They want to put my name on the purchase as a joint owner. What type of ownership should I advise my parents to get not to affect my first-time-buyer status? They're first time buyers too.
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Bank account for house deposit
Not 100% sure which forum to post this in... Our house is completing on Friday and we haven't yet found a house we want to move to so we're currently living with my inlaws. We're going to have a chunk of money in our bank account from the sale of our house which I want to keep separate from our bank account so it doesn't…
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Want to buy a property, owners just told me they don't pay council tax and electricity
Hi all, A bit of a red flag, I went to see a property I'm interested in buying and learned that the owners haven't paid electricity and council tax ever. That sounds like a big red flag! I'm imagining that any debt they will have accumulated will be passed down? They said they never received a bill and didn't chase it up.…
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Flooding of elderly, sick Co-op Tenant Flat - whose responsibility to fix it?
Upstairs flooding affects my friend’s health / heart condition, she’s single, 60’s, depressed as her flat’s in bad state from flooding, she doesn't know what to do. She’s council / co-op tenant since 1993, bathroom/kitchen flooded x3 times in 4 years, plus this week...can anyone kindly help this poor lady (flood victim),…
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Legal fees for FTB New Build
Hello all, I am a first time buyer purchasing a new build (not on help to buy) and I have some legal fees quoted that dont seem normal. Hopefully someone can help me on this. The solicitor (not yet instructed) has quoted me the following Transaction - £1000 transfer fess - £30 Registration for AN1 notice - £20 SDLT return…
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Is thia sale dependent on the seller completing the purchase of another property on the same day?
Seller ticked yes. What does this mean?
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Traditional letting vs short term/Air BNB
Hi everyone, Just after some thoughts if people have experience of this. We are just about to take out a buy to let mortgage on our property which we owned outright, using that as a deposit to purchase our next house. We were going to rent it out on a traditional let, 6 months (or longer tenancy agreement) through an…
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Embarrassed about housing
This is embarrassing but, without having to ring the Council (Scotland) does anyone know the answer, please? Selling home because of stress and not coping and Council have me on their, not priority, housing waiting list. Pleased but worried as I have a provisional offer to buy my home. Could have furniture in store until…
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Buying and selling with no savings
Hi all, I expect the answer will be 'No' so here goes... We bought our 3 bed semi 6 years ago for £149k, it's value now is approx £180-190k. I'm earning more money now so would like to sell and get something nicer (around £270-300k), the issue is we've just finished paying off some debt from a decade ago and now are able…
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insurance query
Hi all, I've got a question about building's insurance as I don't quite know where to turn. We recently had a building survey carried our on a 100-year-old semi-detached we want to buy. The survey came back suggesting that there may have been subsidence in the past, though this couldn't be proven. The owner claims that…
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End of tenancy, worries
So I am giving back the keys to my rented flat on Thursday, when I moved in my lease terms said that the flat would be professionally cleaned before I moved in and when I turned up it hadn't been cleaned professionally or otherwise. The landlord had lived in it previously and had moved over seas when I complained on the…
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Bellway trying to charge extra £35k on new build after reservation agreed and paid
Hi I was wondering if anyone had any advice with regards to my dilemma. I have agreed terms and paid a reservation fee for a property with Bellway. A day after documents have been signed I get a call to say they mistakenly put the wrong price on their price list and are now trying to say that I have to pay the ‘actual’…
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New-build timeline
Hi All We reserved a new-build property approx. four weeks ago. At this point, the roof was on and windows/doors in place - so a watertight building. Today we received a letter - looks to be a standard computerised one - stating the completion is expected to be late Nov '19 to Feb '20. Based on usual timelines, is it…
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Buying the family home
Hi, I'm looking for someone to advise on buying the family home off the in-laws due to downsizing. It's worth over £300,000 but we'll be buying it minus her inheritance for £150,000. I can't find a morgage calculator for this and need advice. I've heard that a deposit may not be necessary or may be lower for this?
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Added son to house title.
When I bought my house last year I added my son to the deeds to make life easier in the future and so that he will gain something for all my years of work. Now I realise that this could be a big mistake as he was looking at the Help to Buy scheme and cannot join it due to being joint owner. It seems that in trying to make…
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Right To Buy From Landlord (Labor Proposal)
" Shadow Chancellor John McDonnell has today proposed a new ‘Right-to-Buy’ scheme for private sector tenants to tackle what he describes as the “burgeoning buy-to-let market” and the problem of landlords who do not maintain their properties. McDonnell said that, should Labour win the next election, the party would bring in…
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Solicitor hasn’t sent contract or enquires
Hello all, We are awaiting for our solicitor to send enquires to our sellers solicitor and he said he will send us the paperwork we need to sign at the same time. The searches (which were needed to obviously put the paperwork together) where completed and the solicitor received them last Wednesday/Thursday.. I don’t…
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Buyers drama
I just wanted some advice on an issue we have on our purchase. Myself and my partner are buying a house together. He is a homeowner already and selling to release the equity, whilst I am a first time buyer with a helptobuy deposit. We put his property on the market and found somewhere within our budget. As we hadn’t yet…
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Tenant Introduced by Letting Agent but...
Hi I wanted to rent my house and I signed up with a Letting Agent (A) . The letting agent (A) found a prospective tenant, did the viewing. However, the tenant did not trust the Letting agent (A) and asked me that they will only rent my house if I went with another Letting agent (B) whom they currently with ,as they trust…
