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Survey discovered structural issue
Hi All, my surveyor has came back with structural issue and said needs looking at by structural engineer to provide clarity. My surveyor is adamant this is vendors responsibility to do and not mine. How should I best approach this should I just inform the estate agent? Anyone else experience this and had push back. I…
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Capital tax when keeping existing house as second home and move to new home
I want to raise cash on existing home but not sell it yet. I want to use this raised cash to purchaise my main home. I lived in this house for 12 years now. I bought it for 230k and now is valued 485k. If I decide to sell it in 5 years time. And during these 5 years will rent it out. Does the capital tax on my current home…
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Joint ownership and how to divide assets
My brother and I have just lost our mother. She had just purchased a house in Wales but never moved in due to illness and then sadly passed away a few days ago. We are both executors of the will and all assets are to split 50/50. My brother and his family are keen to take on the new house. The house is worth more than the…
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Offer on house accepted, when to tell landlord?
Hello, a week ago today I had an offer accepted, I am still waiting for the contract of sale, and haven't instructed a surveyor yet. I'm in a rental and have paid six months in advance, it expires on 7 February. When would it be polite to let the agency know? Should I give notice when I hear about an exchange date, am I…
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Land Registry TR1 Timescales
Hi, We have been gifted a property and the completed TR1 form has been submitted from the solicitors to the Land Registry Service electronically this week. What are the general time frames for Land Registry to update the property records? The Solicitors are suggesting months, but on the Land Registry Service Government…
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Gas safety certificate vs boiler service
I asked my vendor if they had carried out an annual boiler service this year. They said no but that they would do one. They've just sent me the certificate and it's clear they've just done a gas safety check rather than a full service. I don't want to kick up a fuss over nothing. Is a safety certificate enough or should I…
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Stamp Duty & Trusts
Hi, 1st post. My Father is selling/has sold his house valued at £340000. It was put in a trust with him, me & my wife as trustees. We have been told that we/he is liable for stamp duty but can find no information either in HMRC or online help to confirm this. Does anyone know if it has to be paid or not. Thanks Teamkenny 😁
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Furnished holiday let deposit
Hi All, I am looking to purchase a furnished holiday let using an interest only mortgage. However, I have little in the way of savings and wondered if there's a way to get this off the ground sooner than the 3-5 years of saving to get the deposit together. I own approx 50% of my own home, the rest being on a mortgage which…
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Lease Extension - Looking for a good solicitor
Hi folks, We have a flat we would like to extend the lease on. I should say - it is low (mid 60's .. yes I know !! :0) ). I have spoken to the Leasehold Advisory Service, which was a good start, but I am still slightly unsure where to go next. We did try the informal route some time ago, and did not get a good offer back…
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Help re gifting and Capital gains tax
Hi In 2004 I re mortgaged my house for £116000 on Interest only mirtgage to help my Daughter and Grandaughter to buy a property as she was bad debited from her p-revious property that she had with her partner and it had to be sold.She had £40000 which we had to put down as part of the mortgage agreement..The property was…
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Rent amount wrong on Tenancy Agreement
I have just moved from one Housing Association property to another, both with the same HA, it was a management move due to anti social behavior. Unfortunately I am on Uni credit at the moment, I updated my new address, rent amount etc on the uni credit website, using the details on my tenancy agreement. I thought no more…
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Which searches to commission?
Hi all We're FTB in the early stages of buying a flat in London suburbs. Our solicitor has sent through various forms including one explaining various searches available. The standard pack includes local authority searches, water/drainage, a combined environmental search and chance repairs and has been quoted at £250.…
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15% deposit - new builds
Hi, I currently have a 50% share in a property and my partner and me are looking to move into a new-build property next year which we would buy outright, selling the 50% share we currently own. We are fortunate to still both be in work with everything going on and working from home has allowed us to accelerate our savings.…
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Timeline to completion COVID
Hi all, Sorry if this is a fairly obvious, but COVID has scrambled the norm! We are middle of a 3 person chain - FTB buying ours, and the owners of the place we are moving into are purchasing a chain free property. Our solicitor has prepared draft contracts for our sale, but we have still not even received completed…
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Can I give 1month notice from today (27th) when rent went out on 20th?
It is not 'compulsory' to give notice from the day the rent goes out is it? just preferable?Because my rent went out on 20th and I didn't know until today that the agents rang me that I have been successful at the new place.The landlord of the new place wants me in asap (of course) and I want to move asap (within…
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Prescribed information Rental Deposit
Hello, I have let the same flat for 6 years to the same person on an AST which has been renewed yearly. I have now realized that despite protecting the deposit at the beginning of the first tenancy six years ago I have never provided the prescribed information (PI). I am on very good terms with my tenant but I just want to…
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The Great House Giveaway
Has anyone else been watching this? When I first started watching I thought it may be a good idea for people to try and get on the property ladder. However, after watching the last few programmes I think it is just another one of those programmes which tries to set people up to fail. Firstly - two complete strangers have…
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Need help with Help To Buy Equity Lian
Hi, first time poster here. My partner and I found our dream home in Manchester with Taylor Wimpey. Its a new development and the website advertised help to buy. We have more than required 5% of deposit and our mortgage advisor said we would be comfortable to buy the house. We reserved it and went to speak to the sales…
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Letting agent deducting £550 for gardening work
Hi I have recently ended my tenancy and the agent is trying to deduct money from the deposit for gardening work!! It is a large garden and yes I forgot to move some rubbish (2 pieces of wood) which I offered to go back and move but they are saying its not as it was at the start of the tenancy. I have explained that the…
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Overpaid rent
Hello all experts, for the last 4 years I had paid my rent every 2 weeks. Before was monthly £650, now when I paying every 2 weeks looks like over a year I'm paying a 1 month extra to my LL. Over 4 years is over £2500. Do I have right to claim overpaid rent? PleaseA year:12x£650=£7.800a year in every 2 weeks. A year got…
