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Savings after mortgage? London
Hello all! I’m saving to buy my first home on the outskirts of London. From next year the help to buy scheme is changing so only purchases of a maximum of 430k. Now where in / around London is a house worth that ... anyway back to my question. The area I’m looking at is around 450-500k. Although I’m not sure what’s a good…
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Valutation without inspection - bad idea?
I was preparing to sell my flat earlier this year and had booked in a surveyor who was due to visit a few weeks ago. This didn't happen due to the whole virus situation but the company has said they are able to do a valuation on a Desktop basis (no inspection), I'd need to take pictures and send in a video walk through…
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Want to buy the house I'm currently renting
Hi! So me and my partner love the house we're rentung at the minute and are thinking about discussing with the letting management if the landlady would be willing to sell when our tenancy is up. Just wondering if anyone had any tips or advice for this? Everything goes through purplebricks and I'm worried as they are…
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New build house prices
My girlfriend and I reserved a new build property due to be completed in December, but due to corona and construction being halted it will be later than expected. The question I have and would appreciate some information about would be what happens if the price of property drops due to the market changes brought by corona.…
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Stamp Duty Land Tax Refund - Additional Property Rate
Hi, I completed on a property in September 2017 which is now my main residence - as I still owned my previous main residence I paid an 'Additional Property Rate' of Stamp Duty Land Tax which if I sell the previous main residence within 3 years I can claim back. The trouble is due to lockdown I am now unable to sell as I…
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Purchasing next door
Hi, I am after a bit of advice about the property next door. It has been empty for 3 years, originally it was put on the market but about 18 months it was removed, I feel it was priced too high. I am thinking of trying to contact the owners as I would love it buy it and knock it through into my house. I currently have a…
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Renting with an IVA
I have recently seperated from my wife and moved out of the family home and back in with my parents. I've said that she and the kids can stay in the house so not to disrupt the kids in these already hard times and i will rent a somewhere. I went into an IVA in October 2019 to help sort our financial situation which she…
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Existing property owners immigrating 'down under' early 2022; rent or sell?
Hi All, My fiance and I are putting the wheels in motion to immigrate to Australia at the beginning of 2022. We own a 2 bedroom flat in south west London and are 3 years in to a 5 year fixed rate mortgage due for renewal July 2022. From a financial point of view, I know the best decision is to keep the flat on an rent it…
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Renting privately for the first time
Can anyone tell me if it is possible to live in a rented property with another family member without being a tenant and needing to provide references yourself or is every adult family member considered to be one (and therefore needs to provide references) Also with regards to moving in general, We have just sold a house…
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House Sale - what would you do?
A bit of background info... We put our 3 bed semi detached house up for sale in February. It was listed at £169,950. We had 6 viewings booked within 24 hours and 3 offers were made. We accepted an offer at 3 grand above asking. We hadn’t found anywhere to purchase at this point. We have since viewed 12 houses but none have…
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Becoming a landlord for the first time
I’ve had two house sales fall through and I don’t want to miss out on the house I’m buying. My long term plan was to buy somewhere cheap to rent out so I’ve decided to rent out my house that I’m currently struggling to sell. I’ve put a lot into the house and it is in good repair. I’m releasing some equity to cover the new…
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Advice for Exchanging and completing on the same day
Hi, we are first time buyers and have bought a new build which is complete our solicitor called us this week and said the developer would like to complete on 24th april, she also said we will be exchanging and completing on the same day. We are using part of the deposit from my help to buy isa so i have now closed down my…
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FTB with current tenancy due to end in August
My partner and I are due to buy our first home and have just had a mortgage pre-approval. We were going to start looking now but of course everything is now on hold. We'd planned to give ourselves lots of time before our current tenancy was due to end in August. None of us knows how long this is likely to go on for, but…
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Student trying to rent with ccj
I was just wondering if anyone had any advice for me or could comment on whether they would rent out a property to someone in my situation. I am a 30 year old mature student either looking for a small studio/1 bed where I work or considering moving in with 3 other older students in the city where I go to university. I…
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Section 21 - what happens now?
I served a section 21 on a tenant around 5 weeks ago, before lockdown and the new legislation was announced. But what happens now? Is it void? Or extended to 3 months? I had issued it because there was ongoing damp issues in the house (tried to resolve it several ways but no joy) so wanted the tenant out to do a survey and…
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Advice on RTB council flat -( buying) single parent with child 9 yo
My relative has been living in a council flat with her child for a number of years, she did put her name on a waiting list for a bigger flat, but has not been able to get a bigger place so far. She lives in a 1-bedroom flat. Not she has got an offer from council to use RTB. What would people say - pros and cons please?…
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BTL - renting by room - is it possible?
Please could someone let me know: BTL - renting by room - is it possible? Is it pssibe to redevelop/ extend and make a 3 bedroom out of 2 bedroom house?
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Buyer has pulled out
I had a buyer for my house who has recently pulled out but they have said they ‘might be’ interested but in purchasing in the future. I have had an offer accepted on another house and had a mortgage approved that I really do not want to loose. Obviously we are in unprecedented times and things were moving slowly with my…
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Furloughed after Mortgage Offer - Broker says not a problem, is this right?
Hi all, As above, we received a mortgage offer from the lender on 23/03 and my wife was furloughed (on 80% of salary) on 01/04. We are looking to exchange in the next week or two and I have already advised the broker of the situation regarding the furlough, in order to make sure this isn't considered a material adverse…
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Charge on Property
Nine months ago a charge was put on my flat in exchange for a mobile home. I cannot sell the flat although I have moved into the mobile home as agreed with the land owner, who has also agreed to meet any shortfall of the amount of the charge which is £K250. I am paying double council tax and ground rent which I can no…
