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Reduce offer or hold our nerve?
If anyone can stand another question about what to do now that we’re in a pandemic, I’d like some opinions. Partner and I are FTBs, been looking for a house for 18 months, had one purchase fall through after waiting a year. Found a 2 year old property we really liked and wanted to get the house so went in with an offer £5k…
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Gazundered for 33k, Just A Few Days From Exchange of Contracts
Hi Everyone, I sold my Dads 3 bed house (Probate) just before Christmas for 11k under the asking price due to some work needing doing. Everything had being going along ok and I had an estimated completion time of between the 10th - 24th Feb as apparently the buyer was ready to go. I got all my paperwork done before xmas,…
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COVID-19: Support for landlords?
Apologies if this is already being discussed. Our primary source of income is rental from three properties. I also have a small work pension and my wife has the state pension. I completely understand the government's desire to protect renters just as they are protecting mortgagees. What I am worried sick about is the…
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House offers - advice needed
Hi everyone, newbie and first time buyer here! Found a beautiful 4 bed house in a really lovely area. It's just been put on the market 17th March, for offers over 350k, what am I best to offer? It was sold in 2014 for 283k, but since then they have done quite a bit of work in modernising the property. A similar 4 bed…
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To proceed with house purchase
My husband and I sold our property back in September 2019 and have been living with family since. We found and put an offer on a property in January soon after they reduced there asking price by £25k and got an offered accepted £5k less than the new price. they are pushing for an exchange date of the end of March, but I am…
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Rent guarantee insurance
If a landlord has rent guarantee insurance, will it kick in if the tenant is unable to pay their rent due to being affected by COVID 19? I understand the government is bringing in emergency laws, etc. just wondering if the insurance would be of use during this crisis times?
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I don't want this flat anymore.
I've agreed to buy a leasehold flat on an online auction, exchanged, paid deposit and fee and now I've changed my mind. Can I do that? OK the deposit and fee are gone but can I can I cut my losses and run or not?
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Chances that mortgage offer will be withdrawn
Due to the current unprecedented circumstance that the uk currently faces, what are the chances that our mortgage offers will be withdrawn?
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Viewing on Friday, to cancel or not?
Hi guys, We have a viewing on Friday for a perfect house (after we waited 2 weeks to hear we didn't get the last perfect one!) and with all that's going on at the moment we're wondering if we should cancel, or perhaps even they will tomorrow?
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Morgage withdrawal possibility
Hello i am in the process of buying a new flat. I have a mortgage offer and I am ready to exchange contracts and pay the deposit. the completion will be in June, or even later if they will need to stop working because of the virus. So I am afraid that the economy may go that bad that the bank might withdraw the offer after…
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Water search problems
Good evening all I am a first time buyer, trying to buy a leasehold flat and about to have a nervous meltdown. Our offer was accepted on the 25th of January and since then we managed to get the environmental search and local authority search pretty quick. Our mortgage is also approved and ready to go. Now, the problem is…
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Tenancy ending during likely lockdown
Last month I gave two months notice to end my tenancy (SPT, if it matters) at the end of April. Looks like London is going to be locked down imminently. Does anyone have any sense of whether the usual rules (double rent for still being in the property after notice expires, etc) would still apply? The management company…
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Another first time buyer needing help!
So I’ve read quite a few threads on here, and I know no one can predict the future but just wanted some advice/help. I’m a first time buyer and I have just found a property (a maisonette) I really like, that I do want to make an offer on. I’m living at home so I’m not in any rush to move out. I already have my agreement in…
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Tenant Not Paying Rent
I just received a text from my tenant to advise they wouldn't be paying rent for three months and not to contact them. Sigh that didn't take long :(
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Homebuyer's Report - damp
Hi, FTBs here. Homebuyer's report was completed yesterday. Mortgage adviser has called today to say they won't put a value on the house until we get a quote from a damp specialist. They also mentioned Japanese knotweed is close to the house and the house is in a potenial flood area. Now, we've haven't received a copy of…
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Student accommodation
Where do we stand if as is the norm students sign rental agreements and pay deposits prior to semesters starting and then due to convos 19 they don’t start university terms on time . Do we still have to pay for private accommodation if it is not taken up due to the virus
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Exchange beforehand, or hold off?
Hi allLooking for some advice. We're ready to exchange, with agreed completion date of 2nd April. Solicitor has now advised to exchange & complete on same day 2nd April, in light of corona situation. I'm worried that seller might want to delay by then if we're in lockdown, and we're in a rental that has tenancy ending 23rd…
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DO ALL ENQUIRERS NEED TO BE ANSWERED BEFORE WE CAN MOVE TO EXCHANGE
Hi All any help/advice is very welcome so im buying and im at the enquirers stage now im in regular contact with my seller who has told me he has answer to all my enquirers but 2 which are 10. Please let us have a copy of the planning permission dated 14/02/2013 under reference B130310. 6. Please let us have a copy of the…
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Does Covid-19 make online conveyancing a more appealing option?
Up until now we had been debating whether to go with my home move, or to pay the extra £350 to use a well recommended solicitor who is literally just around the corner from us. I have to admit as FTBs we had settled on the idea of going local, but it's now likely to be a slow sale (vendor is still house hunting) and…
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Coronavirus and house viewings
Someone please advise me. I am selling my house to a company that rent out houses. They are getting a pretty good deal at £15k off the asking price and I have been more than accommodating with last minute viewings, allowing several people from the company to view at very short notice etc. They said they wanted a completion…
