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Early possession, vendor wants builders deposit gift back
Hi I hope someone can help me? We recently applied for a mortgage on our first home, which was accepted however as it is a new build we needed to pay a 15% deposit, we only had 10% so the builder insisted they will pay the other 5% as a builders incentive, the builder then gave us early possession however there was a lot…
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Negotiation in Joint Ownership
I would appreciate your honest advice. I need to sell the house and severe my financial ties with ex-partner. I have managed to locate him and he is happy to negotiate the equity in the property. What would be a fair and acceptable offer on my behalf: Remaining loan + mortgage: £95,800 House improvement costs: £3-4k His…
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House purchase - seller is a convicted fraudster
Hi, I have tried to buy a house (at cost to me) and after the vendors have increased the price, again and again, I have now discovered they have been recently imprisoned for fraud and ordered by the court to pay back 100's of thousands of ill-gotten gains. They are on the title but won't sell the property unless I pay 40%…
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House purchase held up unexpectedly
I viewed a house at the beginning of last month and was told by the EA he'd already done all his searches on the house he's buying, his sellers are moving into rented to break the chain, basically ready to move in as soon as his is sold. So, wanting to move quickly, I offered the same day and instructed a local high-street…
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Royal Mail Redirection
Any advice please? Looks like I will be moving house in the next 2 weeks, nothing definite yet though. Have been trying to set up redirection of mail with Royal Mail, but when I get to the payment section it just says Failed, Error, etc. Anyone else having problems with them? Tried ringing but none of the options covered…
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New Build... Acceptable Discount?
Hi All I'm considering buying a new build with Bovis homes which will be ready in 10 months time. The property is up for £458K and they've offered £12K towards a gifted deposit or extras. I've read threads where people have been offered significantly more on a new build e.g. £10K off the asking price, stamp duty paid for…
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FTB of tenanted property, sanity check
I just had an offer accepted to buy my first property. However, the estate agent or vendor is making some slightly unusual requests that I would like to get sanity checked. First of all, while they told me that all viewings have been cancelled they have not set the property to "Sold STC" yet. They say they only do this…
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Change holiday let condition to agricultural occupancy?
Has anyone heard of a house with a holiday let condition on it ever being granted permission to be changed to a house with an agricultural occupancy instead and a market garden established in the field which comes with the house? Would this even be possible legally or according to planning law? Thanks.
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Solicitor charges after completion and settled account?
We recently completed our purchase, moved in & settled all the solicitors fees. We've since had a letter from them saying that they miscalculated the balance due & there is an outstanding charge on our account. Can they do this a couple of months later?
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How's it going with mortgages out there?
Hello all :) it turns out, the potential buyers who have offered on our house on our house have a rather large mortgage. We've never had one so have no experience but we did sell my late father in laws house back in September to someone who had a similar size mortgage and it was a nightmare. Our solicitor at the time said…
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Advice needed! Chain issues
Hi, Im a first time buyer and would really like some advice. Below is a timeline for information Offer accepted 21.10.20 Mortgage offer recieved 25.11.20 Survey completed 8.12.20 Contracts signed 12.01.21 Closed help to buy 19.01.21 The issue lies with the last stages of the process. The sellers gave us an exchange date of…
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Change of property managing agents name
the owner of the property managing agency (Agency A) for our block of flats has notified us that another agency (Agency B) has acquired their business due to ill health. The owner never got involved in the running of our property, he had directors who did that (who were constantly resigning). Agency A is still live…
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How long between offer accepted and house moving to 'Sold STC'...? FTB and stressing!
Hi all We are first time buyers and had our offer accepted on a property just over a week ago. We have provided all financial info including mortgage agreement etc., however the house is still not showing as 'Sold STC'. Can anybody advise, on average, how long it usually takes for this to happen? We are worried that we may…
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Freehold Leasehold
Looking for pointer on my issue - Dealing with my parents Estate, I notice that the property was Freehold when I jointly owned it with my brother, but when we transferred ownership to our parents ten years ago the acting solicitor registered the property s Leasehold, so now the property has two entries on the register. We…
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Address on title deed spelled incorrectly
I’ve just had the documents through to sign off the solicitors however on 2 of the forms (the TR1 and stamp duty form) the address has been spelled incorrectly and has one extra t in there than what it is meant to. The contract and mortgage deed are spelled correctly though. Will this affect anything?
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Stamp Duty - Buying new Home before moving out of Existing
In this instance, i have already sold my home we are due to complete on the 5th March. The house i am buying is due to complete on the 19th Feb, the timline would be: 19th Feb - owner of my new house and my existing home 5th March - owner of my new house only So basically there might be a 2 week period where i am the owner…
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First time buyer with property abroad.
We're currently renting privately, but we've been saving with the idea to buying something. One of the options might be shared ownership scheme. The thing is, even if we don't own any property in the UK, we do in our country of origin. I really would like to sell that property (and have a bigger deposit), but due to the…
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Structural survey previous report
We have instructed a surveyor to carry out a level 3 survey. The vendors have given us a 'part' structural survey that they had done (I'm presuming there might have been a problem with a previous buyer so they had their own survey carried out). Should I give this to our own surveyor so that he can see what's already been…
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Higher rate stamp duty advice needed
Good evening! Keeping it brief: I am after some advice as my conveyancer is saying I need to pay higher rate stamp duty and that I can not use the main residence clause with my situation as after my sale I will still own another property. I am selling my main residence which I purchased in 2006 in Milton Keynes. I was a…
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Dilemma in changing estate agent
We put our house on the market last week and we think we have chosen the wrong agent. We have since discovered the Estate Agent’s shop is now closed in our area, they have only 5 properties on the market in this area and few customers on their database. Up to now we have had no viewings and they told us they “may” have two…
