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Coleorton - yes or no?
Hi guysI'm looking for some local knowledge on this area of Leicestershire. How would you describe it? Any pros and cons? To put this request in some context, we are a young couple looking to settle down in a safe area with a nice community feel. Thank you.
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Snagging Survey
Hi , me and my partner have just put an offer in that’s been accepted on a new build. We’re first time buyers so new to all this. We’ve been advised to have a snagging survey carried out. Is this better than a homebuyers survey or is a snagging survey purely for new builds and a homebuyers survey for a used home. Also if…
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Can leaseholder block of flats use business rates electricity?
under the name of the freehold company (shareholders are the leaseholders of the flats equally) - can a block of flats sign up for business electricity rates rather than domestic (notwithstanding 20% vat charged on business rated electricity rather than 5% for domestic)?
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reduce offer before exchange - COVID19
I am due to exchange contracts in about 2 weeks , and we want to ask for a reduction of approx 5k ( offer accepted at 240k ) due to concerns over job stability/ childcare now schools are closed etc ) If we discuss with estate agent and the Sellers agree , would we need to resubmit our mortgage offer?
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Long protracted house purchase - Covid 19 makes an appearance at last hurdle
Hello I have read a lot of the Covid-19/house purchase threads but still feel as though I could benefit from some advice on my particular situation and so would be really grateful for your thoughts. I made an offer on a three bedroom cotswold stone terrace back in Sept 2019. It was on at £285k. It's a "character cottage"…
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About to exchange - should we delay due to Coronavirus?
Hello! Just looking for some advice. My partner and I have put a small deposit (£1000) on a new build property and we’re due to complete in July. Our Solicitors and the Solicitors of the developers are pushing us to exchange next week. We’re first time buyers and are using the government help to buy equity loan which is…
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Sell or rent out? Need advice
It's early days but as my circumstances have changed over the last 3-4 years I was looking to sell my flat to move slightly closer to London, and get somewhere a little bigger. I live in the outskirts of London currently (zone 4). I've been obsessed with the idea of owning/selling as to me, moving back to rental just means…
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What are the chances....
Exchanged contracts a number of weeks ago on FTB £175000 with 10% mortgage. Due to move week after next. Massively worried about the completion of the purchase and contracts were exchanged before COVID-19 was such a huge crisis. There is no chain just the one sale, but the sellers can move out until next week. Not worried…
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Shared ownership - Higher share, Lower deposit?
Myself and my girlfriend are in the process of buying a shared ownership house, we initially wanted to go for a lower share but go for a 10% deposit. However, the company doing the financial assessment wants us to go for a higher share but only do a 5% deposit. Surely this would be worse in terms of interest? And can they…
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What to do about tenants?
We have a property which is rented out on a 12 month contract which comes to an end in June. The agents served notice to the tenants a few weeks ago to inform them the tenancy will not be renewed and they need to leave on or before the end of tenancy. For health reasons we need to have the property back to sell and buy…
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How sure are you there will be a crash?
i know you can never predict the property market, but I’ve read more certainty about a drop in house prices than I’ve ever read on here before. Does anyone think the market won’t drop? We’re FTBs, offer accepted, mortgage approved, survey done, small chain. But we’ve now got real employment uncertainty and wondering if we…
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Gas checks
Hi We accepted an offer on our mums house a few weeks ago, they offered £15k less than the asking price which we agreed as wanted a quick sale.. Now the buyers solicitor has said he wants us to get a gas safe engineer out to do safety checks on the boiler and oven. Also my mum had a gas fire in the lounge which when she…
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After the initial 6 month AST, is the landlord able to increase the rent?
I went to view a nice room last week and the landlord has dropped the prices considerably since then, making this a very attractive offer. The only worry I have is that after the 6 months is up is there anything stopping them from raising the price? At that point I would assume it would go as a monthly rolling contract. I…
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How to estimate compensation for no hot water
Hi team, I hope the quarantine is going well. I rent in London and we are having some issues with the management agency/landlord. The boiler (used for hot water and heating) has been faulty since we moved here 6 months ago. The agency has been dragging the issue and giving us different excuses regarding why they can't fix…
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Another virus post, paying over valuation
Hi all, I’m in the process of buying a place and am having second thoughts due to the way the economy is going to go. So looking for some advice. My first offer was £30,000 over the banks valuation but I negotiated down and have now offered £20,000 over that valuation and was happy to continue until this week. With…
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Loft/Back to Back/Fly Over
Hi I’ve placed on offer in a back to back terrace but I’ve now realised that the property to the back of me has built their loft conversion into part of my loft space. This has left me with 40% of the original space. Essentially, their loft conversion now goes over my bathroom, landing and part of the bedroom. The estate…
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Messaging house vendor
We're about two months into buying a house, and except for a couple of reasonably quick enquiries outstanding on our side, will be ready to proceed with exchanging contracts in the next couple of weeks according to our solicitor. I've mailed the estate agent twice for an update on the chain (us, our seller, her seller and…
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Nationwide final offer granted - still have questions to ask
Hi all, FTB here and we are now in the process of waiting for the final offer documents to arrive in the post, but I still have loads of questions hanging around in my head and I will appreciate of any infos. * Nationwide sent their own surveyor to do a valuation to the property we are buying. My questions are: Do they…
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FTB - advice needed please.
Firstly, I know this has been asked so many times but I just can't find the answers. Me and my partner are currently at the early stages of buying a property we love. It's a non traditional build in a great location. We haven't spent any money yet as were waiting for a few things with the valuation to be tidied up (advisor…
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Purchasers purchaser pulled out :(
In Scotland was meant to be moving 3/4 hadn't completed missives chased up yesterday and was told our purchaser's buyer has pulled out (we were being told prior to that that they were still doing money laundering). Apparently they have found another buyer and they are still keen to buy our house and are gutted, apparently…
