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Bank Valuation
Hi, We are FTB and we had our offer accepted just before the virus crisis started. Our mortgage application is now approved subject to valuation and we will need to wait until the end of the lockdown so the surveyors can view the house. We are concerned about all the reports talking about an imminent house prices drop in…
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Leaving a rented house empty
If a tenant is renting under a 6 month fixed term AST, is there anything to stop them moving out after, say, 4 months and leaving the house empty until the end of the contract? All rent and appropriate bills would be paid. There is nothing in the tenancy agreement that refers to this. The ideal situation would be for…
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Desktop vs RICS Surveyor Valuations
Hi all, I just wondered if anyone had a similar experience to my present situation, and can offer advice. Currently going through a sale to FTB and offer accepted/progressing nicely on onward purchase. This all happened days before lockdown. I received contact from my estate agent earlier this week who advised that my…
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Help to buy
Morning me and my hubby are looking at doing the help to buy scheme on a new build. However we still can’t borrow enough on a mortgage. Does anyone know if we can have a 3 way mortgage with a parent and still do the help to buy scheme? thanks
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Investment property without owning current home
I have the opportunity to buy an investment property outright without needing a mortgage which I plan to rent out. After speaking to a relative recently though he mentioned he thought there was a piece of UK legislation that meant you couldn't be a landlord without owning your main home. I currently rent the home I live in…
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Insurance on house during these times
Hi all has anyone been through getting insurance during these times. I’ve asked admiral for advice as they were the lowest and best cover quote I found before this pandemic. I will be competing by Thursday. I did ask for help on admiral but they said they would need to contact the underwriters about the situation.i would…
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How would you feel about buying with garden boundary title issues?
Hi All, I am in the process of buying a property (https://www.goodchilds-uk.com/properties/12821725/sales) which turns out to be a part exchange property. One of the issues that has been raised is that the land registry boundaries don't match the actual garden boundaries. This equates to probably around 1/3 of the rear…
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Financial Disclosure to Council
I’ve requested succession of tenancy of a council property from my Dads name who sadly passed away at Christmas, to mine. I have now received a form to complete that is asking not only for my salary, which i understand, but also how much is in my bank a/c and also in any savings a/c’s that I may have, which I don’t…
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Eviction/Moving during Coronavirus Restrictions (Private Rented)
Hi, A complicated one here! I received a S21 on my current (Assured Shorthold Tenancy) rented property on 14/2/20, with a move out by date of 1/5/20. The reason for the eviction was that there are dangerously cracked (and at risk of collapse) ceilings in one bedroom and the bathroom of the property, and water leaks in…
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95% LTV Mortgages
Hi all. I hope you can help. We are saving for a deposit to buy the house we are renting, trouble is I see most banks etc are not doing 95% LTV Mortgages any more. What can we do if we have not got enough deposit for a 80 - 85% LTV mortgage? The house is currently going through Probate as the current owner passed away,…
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Buying a house with/for parents
I will be getting some professional advice on this but would welcome some initial advice/thoughts. I’d like to help my parents relocate closer to where we live. They’re retired and over 65. They own a house outright worth approx 150k.We own a house worth approx 550k with 300k mortgage outstanding. Currently overpaying by…
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House purchase for main home, while still owner of current main home
I wondered how stamp duty would be calculated if I were to purchase a new main home (cash) while still selling my current main home? Would it be classed at main home rate or second home rate for stamp duty I wonder?
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Tenancy Agreement
Lady lives next door but one to our rental property and showed her mother round. Lady contacts us to say mother would like to rent it but cannot afford to pay the full amount of the rent. Lady would like to top up the rent without the mother knowing. Can we safely accommodate that in a tenancy agreement?
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Estate Agents re-opening
I know we don't have a crystal ball, but I'm interested in hearing peoples opinions on when, within the phased opening approach, Estate Agent would be able to start viewings again. Probably not the first phase of builders etc., but hopefully before the final phase of concerts / large gatherings?
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House not selling in open market - now at Auction?
Hi all - I am a buyer. A property that i am interested in, is now subject to sale as part of a court order (divorce). The property has been listed for sale in the past as the following amounts, however has not been sold - * July 2018 - £234,950 (Estate Agent) * Oct 2018 - £224, 995 (Purple Bricks) Now its been put into an…
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Power of attorney cert “to follow”???
Mid January we had our offer accepted and mortgage application sent. Everything has been smooth sailing on the vacant purchase and we are first time buyers, dream sale! 17th of March initial queries are raised with the sellers solicitor (which we later find out weren’t actually sent until the 3rd of April :# - solicitors…
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On day of completion should I get the house keys?
Hi, I am exchanging and completing on the same day. Are you supposed to get the house keys on the day of completion? I would like them on this day so does the seller have to get them to me on this day?
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New completion date near our baby due date
Hi All, We are buying our first house - new build, intended to exchange and complete in April and we’ve just heard it’s now going to be end of September. Our first baby is due first week of October so feel this could be a lot of stress for my OH. What would you do in this situation? We already had concerns about negative…
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Fixed rates have gone up?..... seriously!
So we have a 5 year fixed rate mortgage deal in place, but I do keep checking to see if they drop as we have an option to swap products ahead of exchange if we wish and my socks were just blown off by the fact that nationwide has increased their %..... won’t impact me, but I am genuinely in shock. Im sure there are some…
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Application declined
My husband and I wanted to buy a larger new build property but before we could reserve, we had to have sale agreed on our house. We managed to put our house on the market and get a cash buyer within 2 weeks on the market at the end of 2019, meaning we could reserve the new build plot we wanted, estimated completion May…
