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Renting Out Current Home & Buying Second House
Hi everyone, I'm after some help please - sorry if this isn't the right place to post. To get straight to the point, I would like to buy another house to live in but I would also like to keep my current house and rent it out to my current lodger (or any appropriate tenent). My current house is worth £100k and the new house…
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House Buying/Selling
Hi All I am new to this site and myself and DH are pretty new to buying and selling so your kind opinions and advice would be much appreciated. Here is the scenario, our house went on the market in February we were offered it's asking price one month ago which we accepted. Buyer due to complete on her house on 14th April.…
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Help - mid new build first time purchase
Hi can I have some advice. I’m a first time buyer buying in London with Help to Buy Equity Loan. I have managed to negotiate 3.9% off the list price (including builders contribution to my stamp duty). This was about a month ago and since then we have had lock down x2 as advised by HM Government. I’m aware of the risk of…
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Addendum to lease - odd request from landlord
Hello, I have a query for a friend who's a bit worried. Her landlord is re mortgaging his buy-to-let property from SBI(State bank of India) and has asked her to sign an addendum to the lease. The addendum gives the bank a right to have the rent paid direct to them should the landlord be unable to pay the mortgage. She is…
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Estate agent and Data protection
Hi My sister and I are currently selling our late mums house, very nearly exchanged contracts when the virus stopped everything . Her ex husband is currently buying a house through the same estate agents. It has come known to us that the Estate Agent has been passing on information to the ex husband about how the sale is…
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Advice about potential Right to Buy
Hi I would like to ask for your opinion about some options for the future that I am currently thinking about. My situation is that I am 51 and single with no dependents (unlikely to change) living in a housing association property in central London. The property is large, modern and with private outside space. It is near…
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Shorterm tenancy agreement
If a shorterm tenancy agreement expires and the landlord doesnt renew it where does the tenant stand ?
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Redemption statement nightmare
Hi All Hoping somebody can help or offer advice here on a number of issues... Complicated thread 😂 So.. We were due to complete on our property yesterday (17th April) and 2 days before this we were casually told by our solicitor that there could be "a delay due to a redemption statement not being sent by the vendors equity…
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Best & Cheapest Place to Rent?
Hello everyone. My wife and I are able to move almost anywhere in the UK in a year time. We think we will carry on renting. The question is what is the best and cheapest place to rent in the whole UK (preferably England). Of course there will be places in polluted, busy, devalued neighbourhoods where renting will be…
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Gifted deposit, first time buyers advice
Hi, my husband and I have been struggling to gather enough money for a deposit on a house for a long time, our rent is very high and it means our ability to save has been slow. My grandmother has offered to boost our 5% deposit to a 15% deposit by gifting us the amount. I know that she will need to provide a proof of…
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Advice around getting Management pack/LPE1 form
Hi all, I'm hoping someone can give me some advice. I feel absolutely exhausted with trying to sort out the management pack for my property. I'll try keep it short. - I own my flat and hold a 30% share of the freehold (there are 4 flats in total who hold 25%, 25% and 20% and me = 30%) . I accepted an offer on my flat in…
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Party Wall Agreement - This seem ok?
Hi Everyone! I've had good experiences with MSE and am back after a while :-) Been in a new house i purchased for a few months. The neighbour is looking to build an extension. They have planning permission and approached us with an agreement letter. They have mentioned that the new extension will be inside their boundary…
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Selling House With Something Not Working
Obviously a minor issue with everything that's going on but we are selling our house and the hob has stopped working. We were going to get someone out to look at it and probably replace but they obviously can't do this at the moment. We're looking at exchanging and completing in the next couple of weeks so was going to…
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What happens to your credit rating if you decide not to go ahead with house purchase?
Hi all, First post here since I couldn't find any other post about a similar story. So my question is what happens to your credit rating if you decide not to go ahead with a house purchase if you still haven't exchanged contracts? We have already secured a mortgage, done all the surveys and searches and the solicitors have…
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Challenging solicitor's bill
This is just hypothetical at the moment, but if I receive a bill for conveyancing that I intend to query - should I pay it first, and then challenge it; or should I not pay it before getting into negotiations?
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Should we go self-managed? (6 x share of freehold flats)
Hello, we as a group of joint freeholders are fed up with our management company, and would like to 'go it alone' and manage the block ourselves. We have an accountant ready to do the books, and have agreed to all do our bit when it comes to finding tradesmen etc (a few owners are local and know a lot of people, which is…
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Paying bills when you aren’t living there??
I rent a flat with another girl however due to lock down she has decided to lock down at home with her parents, she is now refusing to pay bills for our flat and I can not afford to pay them all myself? How does this work ?
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What is my position on Private Accommodation when University is closed until further notice?
I am a first year student. We are provided halls of residence for our first year. We five of us have signed for a lease agreement for an accommodation for our 2nd year residence. Each of us have given four cheques dated for June 2020, Sept 2020,Jan 2021 and April 2021issued by our guarantor to the estate agent to secure…
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House veiwing/buying in current times
Hi folks. Here is the jist of our circumstances. Around a month ago i posted on here for some advice on getting a mortgage and i was recommended i get in contact with a broker. So we did and got some positive news that things were do-able. Now we had our eye on a house but an offer was accepted while we were nearing the…
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Freeholder consent - joint freeholders
This is vaguely related to problem we are having with our downstairs neighbours about a porch/conservatory that we want to build (https://forums.moneysavingexpert.com/discussion/comment/76652434). We live in a converted flat with a share of the freehold. Now, I am not 100% sure we actually have a share, technically…
