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Affordable housing
What are peoples opinions regarding living near affordable housing. I went to look at a plot yesterday I knew it was near affordable housing but unsure which type. I would have been fine with shared ownership but unfortunately it was next to a block of single bed social rented flats. So I asked for my reservation fee back.…
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Windows in property rental
A friend moved into a rental property and when she viewed the property there were curtains at the windows. She was aware that the property would be renovated before she moved in. When she moved in there were no poles or blinds at the bedroom window. I know that there is no legal requirement to provide this but surely there…
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Multiple Mortgage Advice
Hi everyone, Just wondered if anyone had experience of two partners owning homes separately and renting both out whilst buying a bigger house together? I earn £42k and my partner earns £37k. Partner’s house is valued at £160k with 80k equity, rental figure £700pcm. He is currently achieving this as he lives at my house.…
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Driveway length
hi, we have exchanged on a new build which is still not complete. We drive passed the property yesterday and noticed the block paved driveway is significantly shorter than when what we expected and what showing on their website as a site plan. At this point we doubt we will be able to fit our car on it without an overhang…
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Good morning, Robin
its been two weeks waiting for satisfactory replies to the enquires from the sellers solicitor. According to the EA, the sellers solicitor was unable to download the garage leasehold title from HMLR. He ordered the title by postal delivery. There is a severe delay in the postal service from HMLR and possibly take several…
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What are the taxes on a sale of a rental property
Do you just pay tax on the gain in value minus expenses and the time you spend living in the house? Who processes the payment, the seller or solicitor/conveyancer? Hypothetically using a house sold for £250k and bought for £200k 10 years ago
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Old house extension
Hi We are buying a house with a 2.7m extension. It was built by the sellers father in the 1990’s. He has since died. They do not have any proof of planning (probably not needed due to size) but more importantly no building regs. We will be tearing down the back wall anyway for bifolds and putting on a new roof. And get…
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Damp, something else, or nothing to worry about? Thinking of next offer
Hello all, First time posting here. We put a below-asking price offer on a Victorian house in south London. The offer was rejected, and we were thinking of increasing it. There are things that need fixing/sorting out, so we are trying to determine how much remedial work would be needed guide our decision on how much we…
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Buying a new build home but bricks appear soaked?
Hi looking for some advice please, either on if I should be concerned about this apparent issue, or how I can cover myself? The build is 5 weeks away from estimated completion date. We have already legally exchanged contracts, paid deposit etc. due to the requirement to do this shortly after reservation. This week the…
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Anyone ever successfully upsized from a studio to a 1 bed on homeswap?
Posting here as I'm feeling extremely down and disheartened at the moment I have a studio flat in a very sought after area in Central London and I need to move to a 1 bed due to my mental health and needing the space to potentially work from home in future. I have been out of work for quite some time (I suffer from BPD and…
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Help with TP1, please
We are gifting away a part of a title.
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Moving out - 2 months notice on rental
Im currently renting and have just exchanged on new property. I've now given notice on rental. Obviously didn't want to do this till I'd exchanged. As per my AST I need to give 2 months which will take me up to 3rd April, which is the end of my tenancy anyway. Agent has asked if he can start viewings and I've said yes,…
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Major renovation in an ex-council flat possible?
Hello, I was hoping to get some advice and experiences regarding making significant alterations to an ex-council flat. I'm looking at a flat in Newham Borough of London and the flat definitely needs modernisation - new kitchen, new bathroom, floors, painting, chasing cables into walls, moving boiler etc. It could benefit…
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Will the boarded loft storage add value or not?
Hi all Just got another question. I am renovating my Victorian mid terrace house and I am not sure what to do with the offshoot building loft. The main loft was converted in the past, but the offshoot building loft is still a shell. Option 1: Loft boarding company quoted £1,300 to board the space, install a small door and…
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Landlord in breach of tenancy agreement, what are my next steps?
I've been living in an apartment since last August and have had a heating system that has not been working properly since I moved in, I have informed the landlord multiple times that the heating is not working and they have not remedied the issue. I believe the landlord to now be in breach of the tenancy agreement. If…
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Having major freezing cold feet
We are due to exchange and complete on Monday and I have had a complete breakdown today. I had been getting low level feelings for a few weeks of not being very comfortable with buying the house we are due to buy. It is smaller than the semi we are in (it’s detached) the rooms are way smaller, it’s in an area we haven’t…
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First offer rejected, what now?
Sorry for the long post, I just want to be sure to explain properly. I posted the other day asking how low was too low with regards to making offers on a house with a lot of issues. On reflection, that house wasn’t right so we didn’t make an offer at all. We did view another house though. This one seemed way overpriced…
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Selling Home
Hello can anyone help with a little query I have. We have just accepted an offer on our home for £110,000, 5,000 less than what the estate event suggested. The surveyor have been out and priced the house at 95,000 so won't lend the buyer the amount she needed. Is this common and will other lenders give her the money? And…
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Transfer of ownership
I want to remove my name from property deeds of flat currently owned by myself and my husband. Is stamp duty calculated on half of the flat’s value as my husband and I already own the flat? Can anyone advise?
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Doing own accounts on a single rental
What is the easiest way to manage the tax element on just one rental property while, to avoid paying accountant fees yearly (or is this quite cheap to organise?) I am thinking a separate bank account with the mortgage payments, rental income and expenses all showing in just one account - is the tax self assessment pretty…
