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Seller passing away after exchange of contracts
Hi all Hope someone might be able to help. If a property is being sold by executors as the owner was not able to act for herself and after exchange she unfortunately passed away...would you still be able to complete without probate being granted as there were executors acting for her already with power of attorney? I am…
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Help - Can the landlord do this?!
Good evening, We are in the process of buying a flat and although everything is pretty much ready we haven’t exchanged yet and were waiting for the lockdown to be lifted and hopefully exchange and complete on the same date. We currently live in a rental flat managed by EA on behalf of the landlord. When we renewed our…
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When to cancel council tax?
We are stuck in another country and not able to get back so vacating the rented flat to save on rent etc. We may or may not return to UK. We have informed the utility companies about move date (tenancy end date May 15th) . But, when we checked our council tax website , it is asking below details : The compulsory questions…
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EWS1 form
Hi all Can ask for some advice I’m pre-exchange. My broker was asked for an EWS1 form and sent back what she thought was appropriate as she has arranged mortgages for other plots on this development. We had a desktop survey that had come back with ZERO requesting EWS1. This was sent on Monday and 1 week later there is…
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Part ex advice for new builds
I just would like some advice on part exchange for new builds. We bought our current house for 185,599(I think), 3 years ago with help to buy, we got approx 30,000 from them and we put 9000 deposit down and the builder gave us 9000 too ( all approx numbers as I dont have all the documents in front of me). The new house we…
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What we feared, happened. Buyer reduced agreed price.
We knew it might be coming but thought nahhh won't happen to us. We had a super keen cash buyer. Our purchase is vacant. All prices agreed (ours at asking price - woo!) and chugging on through the legals etc. Then... the dreaded call! Our buyer's buyer had pulled out. Buyer house back on market. Dang. Miracle! They get…
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help - freehold property coachhouse - 2 garages (neighbours under property) using electricity
hi guys i hope you can help i purchased a coach house property a few years ago and the neighbour at the time made the comment, oh you pay for the electricity in my garage. i rang my electricity company who said i don't. but thats neither here or there, anyone of getting a definite answer? without involving the neigbhour
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Buying to rent with unequal deposits and mortgage repayments
Hello, I am trying to wrap my head around a home ownership conundrum as it will be an unequal three way agreement which I want to ensure is completely fair to all parties Person A - £20,000 depositPerson B - £10,000 depositPerson C - £10,000 deposit Mortgage would be £160,000. Let us say for arguments sake that repayments…
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Renters-Do we have a right to our deposit back?
Hi everyone, In a bit of a pickle with our ex landlord and wanted a little advice. We signed a 6 month lease on a 1 bedroom flat that we hadn't viewed (we were out of the country at the time and our parents viewed it for us). When we moved in, it was in a pretty bad state, extremely small with some black mould in places,…
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No mortgage extension but told to complete asap - Help
Hi all, Unfortunately I’ve been unable to get an extension by the bank on my mortgage offer which is due to expire on the 12th May. I’ve been told to either complete the purchase (which will be really tight although all the searches have been done) or reapply. With the current situation with the pandemic I don’t feel fully…
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Exploring options during mortgage application
Hi guys As first-time buyers, we're unsure on many things in the purchase process. We're currently midway thru an application with a lender, who's seemingly approved us, but now pending a property valuation. During this time (delayed for obvious reasons), we've seen big fluctuations in asking prices on comparable…
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Estate Agent contacting Surveyor?
Back in early March, we had an offer accepted on a house. The survey uncovered a couple of major things, so we've asked to negotiate the asking price. This was a week ago, and we still haven't had any feedback, but have discovered that the estate agent has contacted the surveyor and asked to discuss the survey. Is this…
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Claiming Tax Relief on Rental Mortgage Interest - Joint Owners
Hi My wife and i have a rental property in joint names. We split the rental income 50/50 but as regards the mortgage interest relief (£118 monthly) can we both claim the £118 monthly relief in full, have to split the £118 mortgage interest 50/50 or only one person claim the £118 monthly mortgage relief. I ask because we…
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Ordering furniture between exchange and completion?
Hello! Hoping for some advice. Finally managed to exchange on my purchase yesterday, and due to complete on the 22nd May. I'm currently living with my family until the purchase goes through, so have no furniture for the new place. Most of the furniture I'm ordering has a good 2 week lead time, so would like to get most…
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Snagging
I have a snagging appointment in a new build flat next week. I also have the contract and deposit. What are the most practical steps to doing this? Snagging first before contract? Or can I send the contract back, do the snagging, and then send the deposit to my solicitors?
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No tenancy agreement, can they withhold my deposit?
Recently the flat I live in changed hands, however I was only made aware on the evening the keys were exchanged (on the 1st April at 7pm). The internet was immediately cut off as it was in the old landlords name. I was only given a surname and a telephone number to contact. I have had very little contact from the new…
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Request LLs contact details?
We have asked the letting agent we pay our rent to for the LLs contact details to explain why we can’t pay at rent at the moment. They refuse to give it to us for over 20 days now. What is my next step to take legal action? this is what they keep saying when requesting in writing for my LLs contact details-Thank you for…
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Rent being charged-after months notice
Hi. I'm really hoping some wonderful person can help us here. My son gave notice on his shared house in London in March. He came to Wales to visit me 1 week before lockdown and therefore is stuck here in Wales with me. He should have moved out at the end of April but as Government guidance has said, he is now unable to…
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Solicitor Additional Fees
Hello, My self and my partner are first time buyers currently buying our first home. We are with the solicitors but things are going slow due to the situation at the moment. We have had no contact with them so it's hard to question additional fees we have added to our sale. We have had unregistered title fee - £100 plus…
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Do i have to pay capital gains?
Hi If i sell my current house (only property I own) for £270k, and my next property will cost £240k, i understand the first £12300 is tax free from capital gains. Will i definitely have to pay capital gains tax on the remainder £17700? Are there any expenses i can deduct to reduce the 20% on the £17700? Or do i even pay…
