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Limited title guarantee?
Hello everyone, Currently trying to buy a bungalow. It’s going through a power of attorney as the lady who owns it has gone into a care home. I’ve had this from the solicitor today: “The sellers are selling the property under Limited title Guarantee and therefore obtaining a Home buyer report is better with regard to the…
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Can’t Sell our Flat - Options?
Hi! Hoping for some objective advice. We bought our flat in 2016 for £280,000. We’re now trying to sell and purchase a bigger property but are really struggling. We originally put it on the market for £300,000 but had zero interest after four weeks so we reduced to £290,000 (a flat in the block sold in 2019 for £292,500).…
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Advertised House Prices
Is it only me that gets annoyed by the wording of house prices? I wish people would simply decide on what they wish to set as an amount and leave it there. However, we have offers over, offers in the region of, guide price, offers between _ and _, offers in excess of, etc. (feel free to add any more that I have missed!)
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Does buying a house lower your credit rating?
so we have just completed on our first home. All great no worries until we moved in on Friday and found the house is on a prepayment meter for gas and electric. I know it’s not the end of the world but it’s incredibly annoying and already significantly more expensive. We rung up to change to a normal meter but were told we…
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BTL property transfer for tax purposes in Scotland
My wife and I have 3 BTL properties that are jointly owned. Her income is changing this year and along with the rental income will take her well above the higher rate tax band and the child benefit threshold. Is there a way for us to transfer the properties into my name or a higher proportion of them but she still retains…
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Floors In New Property
I've just purchased a house that has laminate flooring (floating floor) and the floor seems very bouncy in places and other places more stiff and solid to walk on. Nothing was mentioned by the seller but it does not seem right, as if the floor was not level before the laminate was laid. Where do we stand on this from a…
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Could we lose our deposit?
This is a bit of a edge use case kind of post however I'm looking for some advice. We have put down a reservation fee on a new build that's currently at foundation stage and slated to have the NHBC sign off for January 2021 but the house builder was attempting to get that brought forward to 31st December 2020 to ensure we…
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Will I have to visit solicitor's office to sign stuff
I'm selling my flat and need to choose a solicitor. How many times will I have to visit them to sign stuff, or is it mostly done remotely? Thanks
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Balcony not demised to flat
Hi first post so please be kind 😁 I am currently buying the leasehold of an apartment which has double doors out onto a balcony (looks original woodwork from when changed from offices to flats). I noticed on the lease that the outline of the balcony wasn’t coloured red the same as the rest of the flat. When I highlighted…
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Mortgage help - Current finishes Sept 30th, Moving to more or less expensive house
Morning all, I am fine finding myself the best rates and organising transfers for mortgages and such. However, I am wondering if there is any general advice around what to do when I expect to be moving house and my product is up soon. I am currently with YBS paying around £900pm at about 1.7%, my fixed rate mortgage…
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Your thoughts on this type of house
Hi all, we are thinking of making an offer on this house, but I know very little about these type of houses. Are they of decent construction quality? Do they have a particular name? It is about a 110 sq meter house and we feel to go 5% under asking price of 500K is not a bad value for money. Would appreciate any tips on…
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shall I rent out or sell and pay the early repayment charge
Hi all, please help me with advice? We decided to move to Bristol from Nottingham for my husband's job. He got a new job as his old job (in the same company) was at a risk of redundancy. If we decide to sell our house, we will be liable for early repayment charges, which are just over £7k.. If we rent it out, then we will…
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Splitting deeds on a property and land with mortgage
Hi I’ve searched threads but can’t find a similar issue. Trying to sell a property with six acres and have a had an offer accepted on place we want to move to. I have a buyer without horses who can’t afford whole plot and doesn’t really want whole plot. Equally I’m happy to keep a few acres. Geographically, the plot could…
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Landlord paying council tax (renting)
I have very recently just started a fixed term tenancy of 2 years. I was looking at the time of COVID so I'll be honest and say I was in a bit of a rush to secure the new place. However, this being said its a lovely property and i'm very happy so far, bar this council tax situation outlined below... When signing the…
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First time seller - am I over worrying
Good evening everyone. Hope you are all well. I would like some advice if you can help or advise? Im in the process of selling my flat (first time seller). I have a family of 4 living in the flat next to me (through housing - 2 adults 2 children in a tiny 1 bedroom flat - wooden flooring. I’m anxious about the viewings…
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Helping parents to buy a house
Hi, i am probably posting in completely the wrong place but I need a bit of advice and don’t know i should be speaking to a mortgage broker or financial advisor or both... My parents are looking to downsize - they are in their late 50s and have a lifetime of a lot of debt. They have a buyer for their house and once sold…
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How much to renegotiate?
We had an offer accepted on a house for £230,000. This is the absolute maximum we were willing to pay for it but the vendor drove a hard bargain. We've had our survey back and it's not great. The water tank wasn't supported properly in the attic and has caused a load of damage, the current vendor removed a chimney but put…
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Landlord playing games?
We're renting a house and made it clear to the landlord that we'd like to stay until we've saved up enough and had sufficient income evidence to buy a house (we have non-standard income so needed a few year's of evidence to get a mortgage). The rent is currently a little bit above market value, especially considering the…
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Equity Transfer - Stamp Duty
Hi all. Need some help please. Property value is £650,000 with mortgage outstanding of £295,000. I’ve got a joint mortgage (2 other family members, so 3 of us in total). If one of those joint mortgage holders transfers their equity to the other two (no money exchanged, just a straight gift transfer) would that be exempt…
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Dodgy landlord query
Hi, looking for advice please! My son and his friends have just finished a year's tenancy in a private house - which has been pretty poor in general - repairs not carried out, no hot water for a lengthy period, not enough food storage. Legally there are also holes - they were only sent the deposit protection info towards…
