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Freehold with Service Charge
Should I be right in worrying about service charges for a freehold property on new build estate? They are currently just over £200 per annum, but there is only one way they are going to go I imagine... A management company will take over the service charge once the estate is complete (probably early next year). I have had…
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Advice on selling house after almost 2 years
So me and my partner of almost 10 years have decided to call it quits but we have a house together, almost 2 years in March since we bought it. I really don’t want to get messy in the situation but what’s best to do,have him pay me out of it or sell it? Would I gain anything from selling it?
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Buying in Upminster - areas to focus on / avoid
Hi We have decided to try and buy a house in Upminster after months of looking at a range of areas. We've done as much "internet trawling" and walking around as we possibly can, we've looked at the primary and secondary school Ofsted reports...but what we are hoping for now is honest opinions from local people about the…
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Vendor not being reasonable and won’t reduce price
Hi everyone. I’m hoping someone can help us think through a situation we are in because I worry my emotions and annoyance with the vendor is causing me to behave rationally. We had an offer accepted on a house back in August. It was listed as offers over £500k. The EA said they appraised it at £525k and that was what the…
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Not Confident on Chain ..No Trust on EAs...What should I do..?
My sale/buy process in progress for last 2+ months. Its in final stage now, but I am still not confident of completion due to weaker links in the chain & untrusty EAs. I don't trust my EA and I am not confident they are protecting my interests though I am paying for them. They already made me reduce agreed price with a…
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Buying house for student daughter to live in, then renting it out?
So we are homeowners, and are currently mortgage free. We have always thought about buying another property, and renting it out - giving us some kind of income when we are older. We have a daughter, who is a student. It seems sort of logical to buy a property near the university, let her and her partner live in it for a…
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Death in rented property - advice needed
Hi all, Long story so please bare with me. My father has recently passed away in his home which is a rented property of more than 11years. I live in a different county to him so not on his doorstep so to speak. A neighbour discovered his passing and the police attended the scene. His landlord is away on holiday so the…
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Are my vendors dragging their heels?
Hi everyone. I am in the middle of selling my first home and buying my next. I'd like some input on if you think the timeline we have had so far is normal, or if our vendors are taking longer than should be expected. 12 Sep - We made the offer 25 Sep - Offer accepted 6 Oct - Valuation carried out 9 Oct- After chasing, we…
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MY Mother WANTS TO GIVE ME £50,000 after selling her home will I be liable to tax ?.
If my mum sells her home and gives me £50,000 from the estate. Will I be liable for tax down the road when she dies . Her estate will be under the £325,000 . Any advice would be great ?
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Had an offer accepted on purple bricks. Forgot to put subject to survey, does this matter?
Hello, this is possibly a stupid question but when I put an offer in on purple bricks directly to the seller I forgot to put subject to survey etc. Does this preclude me from pulling out at any point in the future if there is a problem? I'm already panicking about actually having an offer accepted but now I'm panicking…
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Buying parents rental property and transferring to residential mortgage?
Evening all, I have been thinking if the following would be possible. My father owns a rental property with a business partner, house is roughly worth 220k. Would it be possible to buy out my dads business partners share (50%), sort an agreement with my father for his share and turn the property into a residential mortgage…
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Loft conversion in bungalow
We are converting our loft and adding 2 bedrooms to make 4 bedrooms. We have a downstairs bathroom and we are adding another bathroom upstairs which would be between the 2 bedrooms. We are debating whether to add a third bathroom which would mean both upstairs bedrooms will have smaller en suite bathrooms. We hope to sell…
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LBTT
I have just sold my house. I also own a house which I rent out. If I buy another house to live in as my own home will I have to pay LBBT as a second home or will I be exempt as I'm just replacing my main residence? Thanks
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Cavity wall completion certificate
Hi, Thr search results for a house we are buying confirms that the council was notified of cavity wall insulation via the Competent Persons Scheme. The executors cannot provide a completion certificate and there is no knowledge of when the work was carried out and who did it, so it may have been prior to CIGA. Whilst we…
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Council House Sale. Will I be liable for capital gains tax?
Can some one help answer some questions regarding a council house sale ? I lived with my mum,we bought our council house together in 1989. I moved out in 1996 when I got married and I live in a different house/have a mortgage with husband. I was a tenants in common with my Mum and she sadly passed away recently and the…
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Being forced to move into rented by buyers!
Hello! Long story short is we sold our property on the 17th August and also had an offer accepted on the same day so everything was great. However further down the line we soon realised it wasn’t the house for us (vendor messing us around/ additional costs etc) and we had also viewed another property that was much more…
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Help to buy 2021 2023 scheme
We are looking ar purchasing our 1st property which they say will be finished spring next year (may 2021) We hare hoping to use the help.to buy equity loan and are aware the current format finiahed and we have miased the cutoff. My question thoigh is would we be able to reserve the property now with the builder but not…
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Land Registry - Complying with a Form M Restriction
To Whom It May Concern I am a freeholder of a plot of land. There is a neighbouring plot of land that is only accessible via a pedestrian right of way over my freehold land. The neighbour has just lost a planning permission application and we are anticipating that the neighbour will attempt to sell its land at auction. As…
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Sell or rent out property
I am looking at buying a property with my partner. I am in the fortunate position of being able to choose whether to sell my current house or rent it out and pay for a new property with cash. With such pitifully poor interest rates and with property prices continuing to rise, I am tempted to do the latter. However, what…
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First time buyer, or not..
Hi all, some help if possible please! My father passed away in May and left his estate to me [75%), and new wife (25%.) With the sale of the house, assets etc along with my saving I have enough to be a cash buyer. I have never owned a home before (always rented) , but would I be classed as a first time buyer? I have been…
