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Consent to let - tax, etc.
Hello, I am on a fixed rate 5 yr mortgage and will need to let my flat out through a letting agency for up to two years while I am living away. I am so confused about the tax! When you let your flat out via CTL, do you typically get professional advice on tax, etc.? I know rental expenses can be offset but what about…
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Money from house sale
We will complete on our house sale tomorrow and will be getting £250000 anyone got any advice of what account to pay this money into it will short term until we find another house
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Rent or Buy?
Our 40 year old son has recently split from his partner and they are in the process of selling their house. However, during the pandemic, he was furloughed from his job and subsequently made redundant. So his situation is this - he will have a small sum from the sale of the house which could be used as a deposit on a…
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Extending / Renovatiing a property and how to fund
Just looking for some advice I currently own a property which is valued by Halifax at around £270k. I recently extended my mortgage to take £60k of additional borrowing (mortgage is now £226k) to fund some renovations and improvements. In the process of looking into this I have involved an architech to see if we can extend…
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Mines and Minerals query
Afternoon, Currently selling a house, buyer's solicitor has come back with a few queries, one of which was do we have any details in regards the mines and minerals. Unfortunately I don't have the deeds to the house I'm selling, which would probably detail this. However, for the house I live in, I do have the deeds, and…
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Livewest shared ownership
Hi all, does anyone have experience of how long it takes livewest to get back to you when you submit an applciation form for a property? Thanks!
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Buying leasehold flat & upcoming repairs
Hi all, I would highly appreciate your advice on this! First post ever so please be gentle! :) We are first time buyers and in the process of buying a flat in London, a leasehold property with a share of freehold. The survey shows that there is penetrating damp in the flat, and the possible causes are the roof (which the…
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Options for deposit
Hi, I just wanted to sound people out regarding our situation. We are in the process of selling our property (under offer) which has a value of 550k. We have a mortgage balance of 155k and want to purchase a home for 820k. Our offer has been accepted. I am hoping for the bank to port the 155k and increase the mortgage…
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Landlord / Letting agency deposit dispute advice
Hi , I rented a flat for two years and left it in a better state then I first found it , I left on the 22nd of May. When it came to my deposit , the letting agency rang me and said they were going to take £165 out of my £550 deposit for carpet cleaning . At first I agreed via telephone and email however I then checked my…
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Reasonable vendors starting to lose patience...
We accepted an asking price offer on our house a few weeks ago and the buyers survey suggested there were possible structural issues, i.e. roof spread and falling bay window. Cue nervous buyers asking for us to pay for a structural engineer's report. We agreed to this in the interests of moving the sae forward. Engineer…
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Stopcock
Hi all this may be a clueless question but is there always an internal stopcock in a property? We’ve been told (house we’re buying) has stopcock under pavement outside, we’ve gone back and asked where the internal one is and been they’ve already told us that stopcock is outside. I thought there was always an internal one?…
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Asbestos Survey - Who to Use?
Apologies if this is not the most appropriate forum for this (let me know if I should have it moved elsewhere). Due to Lockdown, I am thinking of doing up our house a bit but I am rather concerned about asbestos. Just as a precaution, I would prefer to pay for an asbetsos survey before I touch anything. How do I go about…
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Risk of missing documents
Hi, This is for a detached house in England. There was an extension done (maybe over 20 years) and there is no paperwork for it. Nothing has showed up in the searches either. The chimney stack is removed. Whilst this may not require consent from neighbours as the property is detached, there are no drawings or supporting…
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Exchange & Complete same day - switching broadband etc
Hi all, getting a bit ahead of myself here as we're right at the beginning of the process but I like to be prepared!! and apologies if this has been discussed before, I've seen a lot of posts about simultaneous exchange and complete but nothing that answers my question! This is my first time buying and selling…
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Selling 1 house buying 2
Taken redundancy so downsizing. With my redundancy payment I have started the purchase of a flat, it will be let out until my son moves in, he has autism so it will be a while until he is confident enough to live independently. My main residence has sold and offer accepted on new place but new rules with stamp duty affect…
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UPDATE Would you hold off putting house for sale until the Spring if you were able to?
Hi everyone, I know it’s such an uncertain time and that there are delays with progressing sales due to COVID plus not many people seem to look before Christmas. I don’t want to be languishing on for months and I saw that you have to be off Rightmove and Zoopla for 14 weeks before you can be listed as new. So I’m…
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Transferring a B to L
We own a buy to let, it is tenanted & has been for several years (probably the best tenant a landlord could wish for) We intend to transfer ownership of this B to L to our Daughter & her Husband. Can we simply transfer the existing rental agreement, putting them as the landlords? or do they (when they become the new…
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Surveyor recommendations near Milton Keynes?
Hey all, I need a surveyor for a midlevel survey (the one between homebuyers and full structural) and Google/TrustPilot reviews are hopeless. There’s always too few reviews, or very mixed reviews! Has anyone had a surveyor they’d recommend in this general area recently? (Buckinghamshire, Bedfordshire, Hertfordshire). The…
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Delays from the seller’s side - negotiation on price?
This is my first post, so I hope it makes sense. I’m in the process of purchasing my first property. We saw it early August and made an offer which was accepted, YAY! However, since the property is owned by the developer as it was part-exchanged, the developer (a popular one) was really adamant that we exchange contracts…
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Management Company
Hello, the current management company of my building is literally useless. I have spent the last 5 months ( I have bought the apartment back in May) to write emails and raise concerns about the current issues of the building. The building has been built in 2002 and I believe, since then no one ever painted the internal…
