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Loan from parents for mortgage
Hi all, My wife and I are looking to move into a bigger property and we have a deal agreed to buy and to sell ours. Our mortgage with Santander was initially approved but when they realised that our parents had loaned us £80k for the property they revoked the offer. The terms of the loan are that we don't need to make any…
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House purchase - What made you pull out?
I'm currently in the process of a purchase that has been very protracted (7 months on a chain free property) and I'm getting close to threatening to pull out of the purchase if I don't get the final, few but important enquiries (lease extension and licence to assign) before the end of October when my searches expire. I've…
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Moved into a new house and getting charged 200% council tax
Hi All, Just looking for some advice before I phone the council tomorrow. Just moved into a new house that we bought and have been slapped with a 200% council tax for the rest of the financial year as the property was previously unoccupied for just over a year (didnt know that when we bought it!). We are in Scotland for…
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Advice on buyers? Which offer to accept?
We put our house on the market on Saturday. We got an offer at asking price on day 1 then another offer the same day at 6000 over asking price on the condition we take the house straight off the market. We had lots of viewings booked for today and tomorrow so said we weren’t taking it off the market and were going to wait…
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Compensation when a road affects your property value?
Good evening, I'm wondering if there is anybody with experience with claiming against their local authority due to a road affecting their property value (Land compensation claim)? Either successful or unsuccessful experiences would be interesting. Seems to be a rarity finding any stories/advice. The forms look relatively…
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Possibility of building a 3/4 bed detach house and plannuing permission
Hi, I am completely new in this kind of discussion. It will be good to have informal idea before seeking professional advice. I can have a piece of land that I think I can buy to build a 3/4 bed house subject to planning permission. - the plot size is 22 x 21.5 M. Can't find a way to attached my sketch. - What is the…
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Selling a Flat in Probabte
Im currently in the process of selling a flat which is leasehold and and now the freeholder of the block has passed away and it is currently in the process of applying for probabte , what i need to know as these things can take a very long time can i still complete on the sale of my leasehold flat while this is still going…
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Service Charges not Revealed During Purchase
Hello, We have purchased our house on 1st March this year and couple of weeks ago we received a letter from Hyde Housing Association addressed to the previous owner and referring to service charges associated with or freehold home. I have contacted our solicitor to clarify our position and she came back saying that during…
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Deposit dispute: Sofa wear & tear
Hey all! New member looking for a sense check before I escalate this. We've had a few standard deductions from our deposit after a tenancy, of of which feels pretty fair (some of the above-average damage I even listed to help out before we left) The biggest charge however feels totally unfair, and the landlord is refusing…
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Advice
I'm receiving a private loan of £100,000 from my boss
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how to divide a freehold into separate leaseholds?
Hi Guys, hopefully a resident expert can come along and help me out. I am trying to source a deal for a nightmare of a property and proving tricky under current ownership structure. My client owns a building never mortgaged. On the ground floor there is a 2 story house and above it are flats. At the moment the whole…
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Tactical Error with Estate Agent
Viewed a house today. Agent asked if I was seeing anything else today? Should have said "Yes" :(
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Estate agent blocking?
Hi all, looking for some advice on my current situation please I viewed a property on Friday evening which i loved, I called up Saturday morning to get some more information on seller expectations of price (I had a viewing booked with same estate agent for a property which they increased the asking price by more than 10%…
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End of DMP renting drama
Hi all, I’ve finally after 4 years repaid all my debt which I’m over the moon about. My life has literally been on hold since beginning the dmp which I felt was the only way out of a black hole which was created after my last relationship ended. My problem now is I am desperate to live with my partner who has been so…
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Redemption charge
Hello, We’ve been ready to exchange for nearly two weeks now. Everything is done and we’ve agreed on a completion date of 15th October. We’re FTB and our seller who’s husband passed away is moving into an empty flat where the previous owner passed away, the conveyancer for the flat is waiting for the lender to come back to…
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Back Pay Due to Council Tax Rebanding
Hi We received a letter from our Council (we live in Wales) who informed us that they are looking at the branding of our house. This has not been done since 2003 (applicable to the whole of Wales). However they believe that the previous owners made some alterations to the house and therefore the banding may be incorrect.…
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Escalating ground rent.. how common are they?
Hi I am in the process of purchasing a flat. It was built in 2001 and the ground rent doubles every 25 years. Based on this, the mortgage company have revised the mortgage (I haven't received the revised mortgage as yet) and as it stands I still have a mortgage. The ground rent is currently £160 per annum, set to increase…
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How to approach first offer?
Hi all, I would appreciate some advice on valuing a property prior to making an offer. We are first time buyers, with a good AIP and ready to move in ASAP. We have viewed a couple of properties the last few weeks, and we have our minds set on a specific property that we would like to view for a second time and hopefully…
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Simultaneous exchange and completion
Hi all, Just after some thoughts on exchanging and completing on the same day. The situation: We are purchasing a freehold property. The vendors live elsewhere and only occasionally visit (as such there isn't much furniture in the property). It's empty 95% of the time. They are not in a chain. We have actually met them and…
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Parents house.
My mother is moving into long term care and we thought we might look at buying her house. She has a property worth 240k , sadly and this is a whole different thread she had a equity release and owes 63k. We are looking at gifting 80k of the value then getting an interest only buy to let mortgage for 160k, this gives my mum…
