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Lease extension - yes or no?
My 2 bed flat has a full 88 years remaining on the lease. I have just put it on the market. All 3 estate agents who gave valuations said I should start the lease extension process. It seems lengthy are very expensive. Not sure what to do. Any advice please?
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When to put the house on the market?
Hi All,My wife and I are wanting to start on the road of downsizing a bit, selling the house we currently have and buying a smaller one.We have had the estate agent round and have an idea on price etc.There is nothing in our area that we would want to buy just at the momnt, but things do come up from time to time that we…
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Same day exchange completion v a gap?
I'm nearly ready to exchange, just wondering what the advantages/disadvantages are of same day exchange/completion and those with say a week between the two? FTB, empty house no chain. I know my contract said maximum 20 days between the two, but what is the better option?
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Advice on speeding up purchase
Hi everyone, I'm interested in people's views on and experiences of trying to speed up a house purchase. Some background: We are in the process of buying a leasehold flat, with no chain on either side. Our solicitor is a partner in a well-respected local firm, recommended to us by family. We indicated to him that we were…
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FTB House needs a new roof
FTB and found the house for me, ready to make an offer. The only issue is the roof looks like it's going to need replacing. Already using nearly all of my savings to pay for the deposit means I don't think i'll be able to afford the repairs myself, although i could afford to include it in the cost of the house. Should I…
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Borrowing for second home
Hi all I have been very fortunate to recently inherit a flat in London which has no mortgage. My wife and I are thinking of leaving London as the pandemic means that we will likely be working from home part time for the foreseeable future and maybe permanently. The ideal situation would be to keep hold of the flat as part…
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Buyer is delaying completion date!
Hi all, I just wanted a little bit of advise and just wanted to see if this is the norm! So in October we made the decision to sell our house and buy a new one. We are now in February and I keep getting told that its taking so long because the solicitors have been really busy due to the stamp duty freeze and coronavirus.…
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Damp reported on survey?
Hi all, FTB. Had a building survey done 25th January which found evidence of penetrating damp in the downstairs bathroom of the property. The bathroom is tiled but behind the toilet where it was painted, upon viewing was speckled with black mould so we asked the surveyor to have a look for us. On his report he just…
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Voluntary right to buy
Hi, in relation to the Voluntary right to buy Pilot which has now been evaluated, the end of the report states ‘ As they did with the Midlands pilot, the Government would work with the housing association sector on evaluating new pilot areas. More details will be announced in due course’ Does this mean there is going to be…
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Witnessing - essential travel?
Hi all, I’ve been searching the COVID advisory government site but not sure that it is answered fully. Can I travel to my home town to get my deed signed? I am living in an area where I know no one but can, by taking the proper precautions, ask a friend to sign. I have asked my neighbours but not being from the UK they…
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Purchasing a BTL Outright, Good idea?
I have never owned a BTL before, but with savings rates so low I thought it may be something to look at... I am in Scotland and could theoretically buy a flat for £70k outright, and rent it out for £400 per month. Someone more knowledgeable on the subject (not difficult), may be able to give me an idea of what costs would…
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Stone Built House...Possible Scam....
I have had my house 11 years.Out of the blue I have received a call saying my Stone Built House may be in line for a payout on a no win/no fee basis.Apparently.....this row of houses and others were given a damp course when they shouldnt have done and any damage that ensued is now claimable.Has any body else had this…
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Negotiating Offers
Hi just looking for a bit of advice! First time buyer (28f), MIP in place, deposit ready to go. Have found a great house, in a good location close to Macclesfield. House is a 3 bed 1930s style semi, off road parking, garden. Modern kitchen, bathroom in need of updating but is still in good condition, small conservatory on…
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Serving S21 notice during fixed term on tenant desperate to leave
Weird one this. I have a tenant who is about 3 months through the 12 months fixed term of her tenancy. She has really, really upset all the neighbours through her completely antisocial behaviour, and they've turned on her. She wants to leave. I want her to leave, too. So, it should be simple. Only, she's on benefits, and…
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Slow start with solicitor-should I change
I instructed a solicitor 9 days ago for my house purchase. They told me they would send me the welcome pack with all the forms to sign, ID to sort etc. but it still hasn't come through. I have emailed them twice- first the lady who dealt with my initial enquiry but no response and then their property department-again with…
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How much for a 1 bedroom flat move?
Previously I sold almost everything and bought again when I moved between rentals. It has been 3.5 years since my last move and this time I am moving with everything from a typical 1-bedroom flat that belongs to 1 person and a cat to another roughly 20 miles away. Without a doubt I will need x2 men (cat can't help) and a…
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EWS1 B1- reasons to be concerned?
Hi all, I am looking at buying a flat in a 10-storey building which was given EWS1 certificate with the rating of B1 last year. Are there any points of concern in your opinion? Specifically, I am worried about: 1. Is it possible that the flat's rating changes to B2 at some point given the building does seem to have some…
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Listed building planning
Hi I am in the process of selling my flat which is within a Grade II listed building. The building was originally converted into 5 flats back in the 1980's and the buyer's solicitor have asked to see planning and listed planning consents for this work. It is not available on the local council's planning website so they are…
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Negotiating a price reduction
Just looking for a little advice please. We viewed a house that was listed at OIRO £225,000. We really liked it so made an asking price offer, the vendor refused and said they were waiting for a 2nd viewing from earlier in the week. We decided to offer £227,000 as we really wanted to secure it and this was accepted. We…
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Articles of Association - Liability
I wish to become a member of a Limited Company (Private company limited by guarantee without share capital) and see in the Articles of Association that : 'The liability of each member is limited to £1, being the amount that each member undertakes to contribute to the assets of the company in the event of its being wound up…
