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Trust law?
Hi, Does anybody know if properties with shared freehold fall under the realms of Trust Law. We share the freehold of our flat with the owner of the flat upstairs. He is in prison abroad but could sign a document to grant power of attorney to his wife so that she can manage the freehold and sign documents to transfer our…
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Government Advice on moving
https://www.gov.uk/guidance/government-advice-on-home-moving-during-the-coronavirus-covid-19-outbreak Hopefully, may answer some queries on here, anyway
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Moving House & Going Ltd
Hi, after some advice, looking to move in the near future but also looking to set up a ltd company in my professional field. My going Ltd is time critical and we may not be quite ready to move at that point due to my wife’s role. Downsizing from about a 475k value house to 350-400k with about 150k in the house. Will I be…
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A landlords virus situation experience that could be useful to others
I wanted to share my recent experiences with other members here. I know I have gotten some really good advice and help on here in the past. This time I am not posting for any answers or anything like that. It is about something that really stressed me out today.The recent action taken by the government about eviction etc…
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Using equity in house on another property
Hi, we are in the process of looking to sell our house as there is a house we like that is for sale. Having spoken to a mortgage advisor this week, he said that we could rent out our property but then use some of the equity in on existing house on the new property, im confused how this works so wanted advice? For arguments…
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Coronavirus stopping me
Thanks for response
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Delay my house purchase?
One article from Financial Times is saying that the government has put the housing market on hold, but people can still move house if they have exchanged contracts. https://www.ft.com/content/c08ec3d9-079e-40ff-baae-11388c650f6c I guess that means I HAVE TO pause my house purchase? which is currently waiting for 2 more…
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To buy now or not? A reminder of how to compare cost of buying vs renting using a spreadsheet
I see lots of questions on whether to buy now or not, but not many answers suggesting one should run some numbers to try to understand what conditions would make renting cheaper than buying or viceversa. Simplifying: * The cost of buying will be: mortgage interest + upfront costs +- house appreciation/depreciation * The…
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Solicitor holding me to ransom
We have had to change solicitors due to Covid-19 and our old solicitor saying they will not proceed with the transaction until government restrictions have been lifted. Found another solicitor who are willing to exchange and complete next week. So contact my old solicitor and ask them to release my deposit and send my…
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Possible Advice
Hello All, I'm in a bit of an odd situation, where I was in the middle of a house sale. I am currently teaching abroad, will be returning back to the UK in July. When I was in the UK during early January, the mortgage said everything would be okay, as my sister was liasing for me and my mum (who is providing the deposit).…
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How much personal information can a potential landlord ask for? Potential scam?
We enquired about how we'd go about a viewing of a property during the lock down and we we're told the landlord would be in touch to arrange a virtual viewing. The landlord has got in touch but asked us a bunch of personal questions that just seem extremely weird. He asked the usual questions like do you work, do you have…
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So... does this mean we can move now??
We are nearly ready to exchange.. buyers just need to sign and send the report on to take back and we are good to go. Does this mean moving house is allowed then?
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Proof of address do they even check it and how would they?
I've moved out of my flat to my parents house. Trying to get a BTL mortgage on the flat. Mortgage lender wants 2 proof of address (parents house). I just got a bank statement in the post, so that's one. I could scan the council tax or a utility bill and add my name to the printout. I could call, have them change the name…
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Barclays AIP. Is it still valid @75% LTV?
Hi, We got an AIP with Barclays last week whilst they wait for this months payslip to complete the offer. Does anyone know if this will be now be cancelled or it only new applications? We are @ 75% LTV Thanks for any help :)
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Exchange and completion on the same day
I emailed my conveyanver saying I'm worried about the current situation. (I'm at the stage where my searches are being done). My conveyanver said: we are taking things day by day but various solicitors firms are closing or working from home which is either putting delays on transaction, which is why we are not committing…
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Selling/buying house in current situation
Hi, I've seen a few threads with people in the process of buying in the midst of Covid 19, but I haven't seen any threads where people are selling and buying, so I wanted to get some thoughts on it. We are in the process of buying and selling and we were originally heading towards completion at the end of April/beginning…
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SAFESTORE. RIGHTS?
I recently rented a storage space near my old flat (pre-corona) as I was due to leave for just over 2 weeks with work, and the day I returned home my contract on the flat was over on March 31st. I had allowed a bit of buffer time, while staying with friends, before I was due to move into my new property.I chose Saftestore…
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House sale
My house sale has fallen through but my solicitor and estate agent are hassling me to put the house back on the market when 'this' is over. As no-one knows when this will be over or what my home will be worth afterwards, why should I have to continue with this? Its not my fault this has happened. Clearly they are worried…
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Are there now grounds for a valid Section 21.
A landlord did not protected a deposit. He did not provide a Gas Safety certificate. He did not provide the How to Rent information at start of tenancy. He then tried to serve a Section 21 which was invalid due to the above. Now he has just protected the deposit (almost 4 years late) and he has arranged a Gas engineer to…
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Should I proceed to exchange? (COVID-19 related but other factors apply)
I am 32 and currently still live with my parents. I regret leaving it this long now as over the past few years the desire to live independently has increased massively. Let's just say there is a lot more stress at home within the past few years. I am a FTB waiting to exchange on a new build leasehold flat which is due to…
