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House purchase with both freehold and leasehold but theyre owned by different people
Hi, apologies if this is in the wrong thread. I’m a FTB. I’ve found a property I like, however it is listed on the LR as both freehold and leasehold. The freehold appears to belong to a housing association within the area and the lease belongs to the person who owns the house. The lease has only 47 years left on it. Is…
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Completion day nightmare!!
After 4 months of going through the house-buying process in England we exchanged contracts on 29 Jan. We received confirmation from our solicitors on 4 Feb that the request for mortgage funds had been sent to HSBC on 2 Feb. Our completion day is today, 10 Feb, so a clear 5 working days. I had wrongly assumed we were over…
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Thoughts on this house?
So I am moving soon due to an imminent sale on my place and I really like this house. It has one or two issues (nothing is perfect), the main ones being it's slightly away from the coast (I live near the seaside) and has a north facing garden. I've viewed it twice but due to weather can't get a grasp on the sunlight for…
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Council tax on empty property
So we are getting close to buying our first home, however I believe the house may have been empty for nearly 2 years now due to the lady moving in with someone else and living there. I’ve been reading that if they’ve applied for a unoccupied discount for 2 years or more I may have to pay a premium on my council tax when I…
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Mortgages for houses bought via Auction
Hi, Is it possible to get a mortgage if you buy a house from an auction? I’m a first time buyer and noticed a house local to me which is due to go up for auction in March, starting at 50k. This was due to the house being repossessed. Only problem at the moment is not being able to do a viewing. Thanks
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Paying Capital gains tax
I have a question about my situation. I am selling my main residence and buying a new home. I have lived in my property from Dec 2006 - Dec 2012 and then from June 2019. I was living abroad in the gap years and the property was rented for approx. 5 years of that time. Will I have to pay Capital gains tax? If yes. How much…
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BTL: 1 bed flat - advice needed
Hello There is a flat in my area up for £60k market value, its an end of terraced upstairs flat with council neighbours below and next door. Owner has moved to a different area so wanting a quick sale. We know of him from the area and he'd be prepared to take £57k. I am looking at this as my 1st buy to let. When I am…
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Options to help mother move
My mother has lived in the same house for over 50 years now, but is more and more wanting to move somewhere better. I think she regrets not moving many years ago, but is now in a position where she herself has no means to buy a new house. We are in the position where we are fairly comfortable, our mortgage is about 50% of…
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Neighbour dispute ‘estoppel’
We’ve become aware that our neighbours have ‘encroached’ on to our property that we purchased in 2015. We fenced of the encroachment, and our neighbours (via solicitors) claim that Mr X ( predecessor) gifted them the land so an estoppel has arisen Land registry records show that Mr X was a leaseholder, not the freeholder…
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Parking and new fence
We are currently doing a house extension which will take another 6 weeks at least. Our builders have been working at our house for approx 4 weeks. We have moved out of our home whilst the works are ongoing, however prior to leaving we sent our neighbours either side a note with some chocolates/biscuits/prosecco to explain…
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Do I overpay or do I save?
Hello all. I apologise in advance for what a long ramble this is but I’ve been going round in circles as I’m clueless and am hoping someone can please help me so I’ve put as much detail as possible. Me and my partner are little later than avg to the house buying game (26 and 30), and have now been in our first home for a…
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Can we live in a C1 holiday let (with no restrictions on number of nights it can be used)?
Hi, we have recently purchased a property that was historically a small hotel and therefore considered to be in use class C1. For council tax / business rates it was considered mixed use as it was lived in by owner / occupiers who ran the B&B. From 2001 - 2016 no owners lived on site and it was rented out as a holiday let.…
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Section 106 - Changing street into a car park!
My problem is the public road (an absolutely normal road, in Blackpool) on which my house resides. It is being converted into a car park under an s106 agreement between the Blackpool Borough Council and the developer of 99 flats by way of a hotel conversion. The hotel is on the promenade and the street in question is…
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Leasehold value
Hi All, my wife and I purchased a new build home in a new development in 2011 for £130k with a 100 year lease. The house is now to small and our neighbour sold their home last week for £225k. We have £95k outstanding on our mortgage and it’s a mortgage of around £380 per month. We can push up our mortgage payments to…
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Agreement states limited title guarantee but TR1 states full title guarantee
Hi everyone, Just received the report from our solicitor and the agreement for the property we plan to purchase mentions 'Limited Title Guarantee' However the TR1 states full title guarantee. I am hoping this is a typo error from our solicitor. But does anyone have any experience of this type of thing. Who prepares the TR1…
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Gift deposit
My sister is giving me 11k gift deposit to buy house. She has sent 6 months bank statements, solicitor letter, 6 months payslips. The conveyancer assistant has asked for p60 for 2019/20. My sister said she never received it from nhs hospital she was working for in April. She left her job in May and started working another…
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Planning permission for windows
Hi, when we bought our flat it came up in the searches that there wasn't planning permission for changes at the back of the property (a wall knocked through to unite the toilet and bath into one bathroom). At the time it was done you didn't need panning permission , so we just took out indemnity insurance. Now we want to…
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Is it possible for us to complete before the stamp duty holiday deadline?
Hi all, I have been trying to ask my solicitor and the estate agent whether or not it is possible for us to complete by the 31st March but keep getting radio silence. I understand it isn't clear cut as issues may arise but I am also not clear on what the next steps are and what could cause us delays (in order to mitigate…
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Landlady asking me to cover rent for two rooms - a little worried about it
Hi All, I hope I'm using this forum correctly. I've been renting a room in a two bedroom flat, in London, since March, last year. I moved in after finding the property on Spare Room and joined another tenant, who had been living here for three years. We both signed a new Assured Shorthold Tenancy Agreement 'for the…
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Solicitor not on lenders panel
Quick question for a confused FTB. I appointed a solicitor and instructed searches - in the meantime my lender changed and this solicitor didn't appear to be on the panel. I called them to check and she said 'we are on the panel'. My mortgage advisor has now come to me and said in fact that they are not. So - I will of…
