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Barratt homes. We may miss completion deadline
Hi looking for some advice on dealing with Barratts please. We originally reserved a plot on the site we currently live on back in November. Unfortunately our buyer lost his buyer just after Christmas so Barratts remarketed the house and sold it. We went back on the market and our original buyer went back under offer, our…
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Best estate agents
Hi everyoneSo we are going to see a mortgage advisor this week. We have had our house valued with purple bricks but I was wondering, who is best? Is there any one we should definitely be avoiding? Thank you
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Is this good for my mortgage application due in 2weeks? - UK interest rates cut in emergency move
"The Bank of England has announced an emergency cut in interest rates to shore up the economy in the wake of the coronavirus outbreak. Policymakers reduced rates from 0.75% to 0.25%, taking borrowing costs back down to the lowest level in history. The Bank said it would also relax capital rules to free up billions pounds…
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Bought a house and plans for cycle lane weren't disclosed
I bought a property in June of last year. In September I received a letter addressed to the property that these were the updated proposals for the street I lived on, inside were plans showing the removal of on street parking down the length of the street and addition of a cycle lane. Apparently part of a streets for people…
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Stam duty tax relief
**Can anyone help with this** I am a first time buyer and I am buying a property in my name that is below the stamp duty threshold. My wife has a property in her name but she is not buying with me. A solicitor said I am not exempted from the stamp duty tax that I will have to pay some money about 0.75% of the property I am…
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Help with this situation
Hi so I had heard the scheme available in NI that allowed people on universal credit to buy there house at a discounted rate, my girlfriends mother is unable to work and is on universal credits I think roughly the house is worth £40000 me and my girlfriend have discussed this previously that if we were to mortgage the…
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Why is the survey such a secret?
The buyers had a full survey done on my house today. I asked him at the end how it went and he said he couldn’t discuss it with me. He said there aren’t structural issues, theres a few bits and bobs and that they must know what they are getting themselves into.. if that wasn’t the most mixed messages of sentances I don’t…
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Offer on a house
I’ve read the guide on this forum for buying a house but I have a question as the house I’m considering buying isn’t exactly classed as normal circumstances. I shall explain. I viewed a new build house tonight for sale at £254,950. It’s a year old and has never been lived in. The estate agent told me that the houses on the…
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Consent to let vs Buy to let - affecting borrowing
Hi, We have a house (1) that was rented out 7 years ago under a normal mortgage with a consent to let agreement, currently rented out for £550 PCM with a mortgage of £450pcm. Worth 150k, with a 73k mortgage left. We then have a second mortgage (2) for the house we live in, under normal conditions. We plan to sell house 2,…
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Paying 6 months upfront
My son has been told that paying six months rent in advance would invalidate the rent protection which comes with other forms of protection. I am not sure exactly what his means. Can the letting agents refuse to accept six months rent in advance?
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Failure to complete house purchase after exchange due to coronavirus
Looking to exchange in a couple of days, and part of a long chain. What happens if someone in the chain has to self isolate before completion and/or gets the virus, and thus the chain goes into default AFTER exchange of contracts ??
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Renting a spare room
Hi, I'd like to rent out one of my spare rooms to generate some extra income. My partner and I live in a 3 bed property and have our own en-suite so I feel it wouldn't be too intrusive to have a lodger. We would like to rent both rooms, but want to try living with one other to start with, just in case we don't like it. I'd…
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Single Parent / First Baby / Need to find some where to live
Hi All, Hoping you can help as I've tried to do my research and called the council for advice but I am really struggling to get the information I need. I currently live in a Council House ( With my mum and my brother) and have been in this house for 25+ years. I am currently expecting my first child (Due end of July) and…
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Solicitor exchanged contracts before we have a mortgage offer
Hi there, Last Friday our solicitor exchanged contracts with the seller's solicitor to purchase our first home. She had alerted us that the completion date would be 13th March and mentioned that she would exchange at some point before that. She called my girlfriend and asked if we were happy to exchange, she said yes if…
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Land Registry - does price paid for land show?
If I sell a corner of my field to someone does the price paid for the piece of land show up on Land Registry? All above board and going through legals but we have some very busy local busybodies!
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DIP declined by our existing lender?
Just looking for some advice, we seem to be going round in circles really and not sure the best way to start. So we have seen a house we love, however the estate agents will not let us register our interest until our property is sold - which is fair enough, although leaves us in a risky situation - so we have had our…
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Ex is buying me out but how much should I recieve?
Hi all, My ex is currently in the process of buying me out. We've lived in the house for 8 months and now decided to go our separate ways. My question is, how much does she owe me? We went into the house 50/50, with a 17,500 deposit on a 350k house. She reckons I should only be paid my deposit back, which equates to 8750,…
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Letting agent wants us to do own reference checks!
Hi, I currently live in a flat and my housemate is moving at the end of the contract and I have found someone else to move in. The letting agency seem to be acting very strangely in: Asking us to fill out mid-tenancy contract changes and paying a £50 even though it is at the end of a contract. My new housemate to do her…
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WHO'S TITLE FOR BREACH OF CONTRACT?
I had power of attorney (POA) for my husbands late mother. I was listed as POA for her property and rental agreement. She has now died and the property title has passed to my husband and my son. A new rental agreement was drawn up in their names. The ongoing tenant has refused to sign and has left the property in breach of…
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Moving Out - Realistic Monthly Outgoings?
Hi there all, Firstly I apologise if this is in the wrong section, I thought it was the perfect location seeing as this is all about renting, buying and selling. My situation at home as taken a different turn unexpectedly and I'm now looking at moving out by the end of the year if not sooner, with this said I have a few…
