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Landlord - Tenant financial hardship due to coronavirus
I am really struggling to get any advice so wondered if
anyone on here could point me in the correct direction, please? I have one rental property which has a Barclays buy to let mortgage. The tenants
have been in the house since I first let it - over 5 years. They have always
paid on time and are good tenants. They…
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Who has renegotiated due to CV?
Just trying to get an idea of how many have done this so would love to hear from anyone who has attempted to renegotiate on price due to CV and if they were successful. How much by? And what situation you're in - is it an existing home or a new build from developer, are you FTB or not, is it HTB equity loan property and…
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Completion date set for 31/3/20 - what happens now.
Afternoon all, I hope youre all keeping safe during these worrying times. We are due to complete 31/3 on a new build. i had a call off the developer 30 minutes or so ago stating they are now closing the sales office/show home and will only be available by phone - fine and understandable. When i asked if this meant…
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Would you withdraw offer due to delays?
Hi, Would you withdraw an offer to purchase a property if you'd faced delays? My offer was accepted on a house well over six months ago now, and has been constantly delayed by the seller since then. There's no chain and when I made the offer I was under the impression they wanted to move quickly, with the plan of…
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Tenant not paying rent during crisis
My tenant advised he will not pay rent. I’m ok to help him out but I’m worried that at the end of 3 months he will have built up considerable arrears that he can’t pay back. He struggles to pay monthly as it is. How can I ensure I’m not left out of pocket.
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Changing estate agents - Rightmove alerts
Hello When changing agent, do you still have to wait 14 weeks before Rightmove list it as new and trigger email alerts? should I ask my current EA to mark as no longer on the market or delete the ad altogether? im asking this irrespective of coronavirus.
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Mortgage delay?
Hello, so just before the cornovirus pandemic started, we sold our house and had an offer accepted. Since then we have had our mortgage accepted, however I'm presuming they won't be able to carry out the valuation on the property we are buying, so my question is, will they find away around doing the valuation or is it just…
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Barclays just rang and told me all new mortgages require 40% deposits now
They also said other banks are likely to follow suit as banks prepare to protect themselves from a massive fall in the property market.
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Is there a legal requirement that PROFITS from a house sale MUST be paid SEPARATELY to both owners?
OK... I'll try and keep this simple. 1. My wife and I are selling our house, which we own jointly, and are buying another one. 2. There will be money left over after all costs and disbursements 3. We do not have a joint bank account; we never have and we don't want one now. 4. We are happy for the profits to be paid into…
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Help to buy and corona
Hi, We are in London and in the process of buying a property on help to buy. I got a call from our solicitor yesterday who wants us to exchange and complete by the end of this month (31st). This is apparently to do with the help to buy running out at the end of the financial year????? Usually we would have moved but as we…
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Employment status changed due to Covid-19 after mortgage deed received
In a bit of quandry....we've had our mortgage offer and deed through to proceed with our house purchase, however yesterday I was hit with the bombshell that my company is going into a CVA situation and that everyone working for the company was redundant as of 5.30pm yesterday. However, the MD is trying to see if she can do…
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Lodger or Tenant Rights
My son (who is 30) rents a room in a shared house. He's lived there for 5 years and been an excellent tenant. When he moved in the landlord didn't originally live in but about a year after, the landlord moved in and now lives there full time, there are also two other tenants. Everything was great until my son told his…
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Lockdown Rightmove?
Should Rightmove be shutdown during the Lockdown? Pro: Although most estate agents are refusing viewings, there will be some direct viewings arranged with vendors (esp, Purplebricks) that are encouraging people to break the rules. Against: Many self-isolating people use this as a major form of entertainment.
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Any point keeping property on the market?
My small chain has broken, my buyer (a BTL investor) pulled out last week and I have a Early Bird reservation on a new build (at the moment anyway). In the current climate is there any point keeping the property on the market? No viewings etc can happen due to the lockdown and we are taking this opportunity to splash some…
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Help to buy for only home or first home?
Hi, I bought a property before the 2008 financial crash. The property then plummeted in value, life changed and I could not afford to keep the property. I ended up losing money and have finally, after 6 years got out of the debt trying to keep the property left me with. I now have some savings and would like to use help to…
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New Build Purchase
I know its a very strange time and things are changing on a day to day basis but wondering if anybody knows where I stand... I reserved a Barratt Homes new build on the 4TH March which means I will need to exchange contracts on the 1ST April (One week today) if there are delays which I am sure there will be I believe I can…
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Early end to lease
Hi all, hoping I could get some advice. I am renting a flat in London on a six month contract due to expire at the end of April. This is not owned by a single landlord, but a specialist letting company. I have one payment left, due on the first of next month. Due to the COVID-19 pandemic I have experienced a dramatic drop…
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House move Scotland suspended
All was going well for our move on Friday then today my solicitor told me that Registers of Scotland have suspended transactions immediately. my wife is pregnant, utilities are set to be transferred over and removals organised. The RoS twitter feed states that they are working on a solution for people who have to move in…
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Surveyor Advice
Hi everyone, just recently had an offer accepted on a property and wanted to know if we are best to appoint a surveyor? We can have a detailed home buyers valuation and report from the mortgage lender for approx £400, but wasn't entirely sure of the difference. I believe the house was built around 1997, but can clarify…
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House sales suspended???
We are meant to be completing our sale on the 31st March but have just recieved this from our solicitor.. Good Afternoon, The situation is I am afraid changing hourly in respect of the shutdown due to the coronavirus. Registers of Scotland have taken the decision to suspend the registration of deeds. This includes…
