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Claiming stamp duty on buy-to-let vs residential mortgage properties
Bought Property A in 2014 Apr (residential mortgage - first property and only owned property then) Lived there until Jan 2017 ( 34 months) Due to a change in job location, I moved out to another town and lived in a rented accommodation until Jun 2019 and rented out Property A Property A was on rent from Feb 2017 to current…
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Transfer of equity advice please!
Hi all! Quite a complex query here so please bare with me :-) My OH (Nemo) and I both own separate homes. Mine is a small one bed first home owned by just me, his is a larger first home owned jointly with his ex partner (Dory). His ex (Dory) has been unable to buy him out of their home on her own - but she does pay the…
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Valuation Issues
Hi team, We have run into a valuation issue and would appreciate a few opinions on how to proceed. So the bottom line is the banks valuation has come back close to 10% under what we have offered (>£25k) We really like the house, but don’t want to cause ourselves any financial stress, particularly if we need to sell in the…
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House Purchase - Variance of Mortgage offers
Hi all, We've been house hunting, and have found one that we've offered on. I've done a few 'soft check' decision in principles which have given quite significant differences in what we can afford to borrow. I've had one with HSBC who I bank with, who have come in a bit short on what we want. Went through L&C who say they…
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CGT calculation - to day, week, month
When doing a CGT calculation do you have to work out to nearest day, week, month or something else?
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Help - Estate Management Charge Still Applies After Council Adoption?
Hi all. I wonder if someone could advise me whether my situation is "the norm" or I have options to raise a complaint etc. We moved into a new build estate (Barratts) around 7 years ago which has around 4 roads and around 100 houses/dwellings. We have a separate estate management company who runs the normal maintenance…
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Periodic vs Fixed Term Contract
Hello, Forgive the long introduction, but I want to provide some background. My partner and I are coming to the end of our 12 month fixed term contract. We initially started renting the property at £750pcm in August 2018, when we started university. We are both mature students (21+) doing 5 year degrees, have previously…
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Property managers still have not installed mailboxes after 2 months and just ignore my appeals
When I moved in they said 'don't know' when they will be installed with no further explanation. It has now been 2 months and still no sign they will ever be put in or any explanation; on the contrary any further inquiries I make have just been ignored. It is a new build and no-one else has them either and everyone has to…
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AST additional terms regarding heating
Hi, can anyone help please? I rent a house privately and have been there for 7 months. The (underfloor) heating and hot water in the property is supplied by a ground source heat pump which generates about 3kwh of heat for each 1kwh of electricity used. I pay the electricity supplier directly for all electricity used at the…
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Unusual Situation - Rich relative wants his money back
I am not sure whether this is the correct place to post, but looking through the forums I could find nothing more relevant. If this is the wrong place, I would be grateful if it was moved into the right forum. An uncle who is apparently well off financially (he is single, retired, owns his own house and has substantial…
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BTL income for specific use
Hello I posted on here earlier in the week with a query about using the £135k equity on my mortgage. I am now thinking to invest for the first time in a BTL using half of the equity. My reason is future capital growth as a long term family investment for my kids, its a cross rail area and I imagine the area will regenerate…
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Renting for a year and received reminder for water bill/account
Me an my partner have been renting a 2 bed terraced for nearly a year now and recently received a letter from Seven Trent Waters about a water account. Prior to renting we lived with parents and have never owned/rented a property before so this is all relatively new to us. We got the letter only a few days ago saying that…
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Moving overseas - rental property, tax implications
My partner and I are teachers. We live in the north and own a property in London that has been let out for the last 6 years and fully managed by a letting agent who does a great job. We've both accepted job offers from a school in the Middle East and will be moving there this summer in time for the new academic year. I was…
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Permitted development on agricultural barn
Good afternoon everyone, Firstly thank you for any information that i may be given it is very much appreciated. I hope i am in the right section for my question as i think it could quite possible fall in to a few different categories. Right, here is my situation! My fiance's parents kindly suggested around 18 months ago…
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Help to Buy Equity Loan - advice
Hi all, I bought my flat 2 years ago using the Help to Buy Scheme and have recently started panic with regards to the government equity loan as we only have 3 years left of the interest free period. My confusion largely arises from the conflicting information available online and the advice I was given by the Money Advice…
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Lease Splitting and Extending Help
Hello, Looking for some advice :) I have inherited the property I live in, It used to be one large three bedroom flat. It has had a partition wall put up, a new front door and a new kitchen and bathroom to create two one bedroom flats. (At the moment we remain as one family living in both flats) The planning permission was…
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Legal Fees
Hi, The Estate agent that we are buying the house from recommend one solicitor but fees seem a bit high. £2400 legal fees + 500 (Something related because we are using a mortgage) House price is above 600K I found some online services that seem to have goods reviews on Trustpilot, etc. Anybody had used any of these?:…
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House Sale/Renting Nightmare!
So we live in London and are moving to the seaside. We are selling our house and renting in the new city, so you would think it would be easier, but no! So we are on our second set of buyers, unfortunately these new ones come with a chain and its that chain that is causing the issue. We had made it clear from the start…
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Renting terms
Hi all, Need advice on renting issue. Renting through letting agent Portico. They sent me renewal terms, which were same as the last year. I accepted. After two days, they emailed me saying that property prices in your area have increased and rent will go up by X amount. Are they allowed to do this? Is there anything I can…
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Do I have a right to refuse specific Plumber?
Hi all. Long story cut short, twice now the nominated Plumber sent by our estate agents to fix radiators in our house has not turned up when he said he would and sent non committal texts insinuating he might turn up but never did, resulting in my wife staying in all day twice. When I first told them of the problem before…
