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Service charge near 300% increase
Hi Bought a flat in October '18. Had a letter from the management company recently essentially increasing my yearly service charge from circa £300 to £1176. Looking
at the lease agreement it states No when asked are there any service charge
increases over 10% expected within 2 years. I’ve
attached a copy of the breakdown…
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Starting again
Hello everyone. A month ago me and my girlfriend split up. It's hit me really hard not only because I miss her so much and I can't imagine my life without her but it's because I became homeless. I was sofa surfing the last month and yesterday rented a room from a site called sparerooms.com The house my girlfriend and I…
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Furlough 80% wages
Just wondering why the 80% payment the government are making to people is not a part loan? Which could be added as an additional tax to people who have taken it out, People will be using the free money to pay off their mortgages and day to day living expenses, is this not what people keep emergency funds by for? Then ask…
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When do you confirm the equity split during a house sale?
Hi, My house sale involves equity splitting with my ex-partner at a ratio of 40/60 to them. I'm not overly trustworthy of them as they've been a bit belligerent, so would like to know at which point we sign a document agreeing (with our solicitor) what the equity split is? I know it's unlikely to be legally binding but it…
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Living near train tracks
Were looking to move and have found a house which is 'cheap' compared to similar houses in the area. This is because there is a train line behind the garden. I have done some research and the track is connecting two stations which are 2 miles apart. Therefore I doubt the trains will be going at high-speed between the two…
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So close, yet so far...anyone else FTB and feeling down in the dumps?
I know this sounds like a first world problem but I just feel like I need to vent and I am sure lots of others are feeling exactly the same. I will also say, myself and DH are frontline NHS staff and at the moment and the pressure we are both under at the moment is unbelievable. I do feel that our mental health is starting…
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Quick house buyer question
Hello lovely MSE people, I am a long term lurker on the forum and I would like to ask some questions, hoping for some advice. Due to my personal circumstances I have decided to sell my home to a quick sale company, I know this is not MSE savvy but I had to do this. I live in Scotland and missives are completed the move was…
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Anyway to get my holding deposit back, or did I make a mistake?
Hi allI was very close to moving into a room, I viewed the room, had a credit check paid a holding deposit of £150, and then a few days later the lockdown was annouced, so I put off moving in. The problem is that I am in a bit of a no-mans land. I am not sure when I will be moving, and I am not sure if the landlord still…
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Developer forcing us to complete
Hi guys The developer of our new build is trying to force us to complete next week, despite the current circumstances. In theory, it is possible as we are moving into a vacant house and have confirmed a removal company will do our move. However, there are some issues we identified and haven’t been resolved as no one is…
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Transfer of equity and remortgage
Hi all, I'm desperate to get some answers to clear up the confusion I have. On the property, me and my ex are part way through a 'fix term contract'. It's been agreed I buy my ex out of the property through transfer of equity, however, I'm also made to remortgage at the same time which isn't really an issue. I worry about…
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Help to Buy
If I am a guarantor in order for my son to get a mortgage as a first time buyer, will he still be able to get the help to buy scheme?
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I’d it possible to exchange with a flexible completion date?
Hello all, my solicitor (rightly so) is following government guidelines and stating that right now it isn’t possible to exchange without completion being the same day. This is fine but I wondered if anyone knows if there is a way we can exchange to become legally bound and then have a “flexible” completion date?
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Considering pulling out of house sale (seller)
I am currently selling my house, and we had verbally agreed a completion date of mid April. Then Covid 19 happened. We did try to move more quickly, however not all the queries were answered in time, and so we weren't able to exchange last week (but are now in a position to do so this week). Now government advice is not to…
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Offered a council property that was not acceptable standard
Hi, I've written this as trying to offer a friend some advice as they seem to have hit a brick wall with their council. I've been trying to help with the process of sending emails and writing letters with them but need some advice now as we have 1 final letter to write that will go towards a final verdict. The council…
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Buying 2 bed flat with HTB scheme, should I pull out?
Me and my wife paid a fee of £500 to reserve a 2 bed flat in Walthamstow London which is gonna be completed in August 2021 and we reserved it at a price of £500,000. We are now worried and not sure if we should proceed anymore because of the havoc caused by Coronavirus and the most likely collapse of house prices in the…
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Is G_M never coming back ?
As the title says. Is G_M never coming back. I know of another very helpful poster on another board who was banned but came back under a different name , although I guess has been unbanned now as now under original name. G_M's posts were so helpful and to the point. Will G_M return ?
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Service Charge - leasehold
I just received a 6 month service charge for £919. When we first bought our property the service charge was £640 (in 2017). Every 6 months the service charge has increased, to this current amount. It has increased by over £100 since the last service charge. Is there anything we can do about this, or do we just have to…
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Searches on house have shown up an old unpaid grant
Hi everyone, Im hoping someone can help out there. A long story very short. ….. A house that belonged to a family member but was signed over to us last year (because we actually paid for it way back in the eighties) The family member has since passed away and the house went up for sale. The searches have shown up an unpaid…
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Buying a 2nd Property as BTL - Should I pull out?
I made several posts in the mortgage forum about buying a 2nd BTL - I decided with my wife to proceed with this because business wasn't going so well, albeit we're still doing okay thankfully ... we were planning to rely on a 2nd BTL. I've remortgaged the first property, thankfully owned outright, so now I got £250k in the…
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Poor EPC ratings and future sellability/rentability
Hi all. Away from the question of the quarantine/lockdown which we're all thinking about at the moment (myself included!), I have recently had a survey (homebuyers' report) carried out on a 1960s flat I intend to buy and live in. The EPC rating, which I was aware of before of course, is currently E with potential to go to…
