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Stamp Duty - First Home or not?
Hi, I would appreciate an advice on a stamp duty on my new home purchase... So basically our family has the following timeline of being on the property market: 2012 - bought a family home (joint ownership with wife) 2018 - bought a buy-to-let flat in my wife's name (never used for our family) 2019 - sold a family home,…
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Moving in with Elderly parent
Hi we are looking at moving in with the Wife’s 83yr old father as he no longer wants to live on his own. He is selling his house and buying a big house near us where we can all live in. Our intention is to sell our house and buy a smaller buy to let to protect the asset in our current house. What are the pitfalls? Would it…
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Stamp Duty Refund COVID-19
I was wondering if anyone has any experience of trying to claim a Stamp Duty refund for the additional 3% paid after selling their main residence, but where the main residence has been sold after the 3 year window has elapsed because of COVID-19? Our sale was significantly delayed so we're now nearly 3 months outside the…
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Some (more) advice please?
Hi - wont go into the saga that is this house process i'm in but i wanted your opinion on something that might have to do: I am in a chain of 4 and chains 1-3 (me being 3) are ready to exchange. My immediate buyer (number 2) is frantically looking to complete on the 12th March or he's going to pull out. My seller (number…
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Housing legal advice
On November 19th myself, my partner and our 1 year old moved into a property was believed was residential. Little did we know we are actually staying in a commercial property. Two days ago, our landlord called us to let us know that he’s knew since December that the council want him to pay £1200 to have this property…
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In general, would you say a garage or a conservatory increase a houses value?
Thoughts on this
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How long did you wait for your structural survey report (Level 3)?
Its been 5 working days since the survey took place. I'm keen to get hold of it (at £1000 it's not cheap for a small house). I asked on Monday how long it would take and I was told it would be with me soon. How long should it take?
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Deadline with decreasing offer
Has anyone ever implemented a deadline on the other party like this? From the 8th of March, every week you don't exchange we knock £1k off the price we will pay for the property.
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LISA Clarification
If I opened a LISA over a year ago with £1 in it, could I theoretically transfer £16,000 in today, get a £4,000 bonus on that within a month or so, and then use that for a deposit straight away?
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Anyone changed their mind after giving notice to an estate agent?
Months after putting our property up for sale we still haven’t sold so made the decision to hand in our notice to our current EA so we could switch to someone else as we were unhappy with the service we received from them. However, since then the old agent has contacted us to say that they have someone really keen to view…
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Doubling ground rent
Hi there We are selling our house and very close to exchanging. We own a leasehold property and our buyers solicitor has raised a last minute enquiry regarding a clause in our lease around doubling ground rent and that the lender (Barclays) has an issue with the clause in order to lend. Our ground rent is £300 per annum…
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Exchange and complete from rented
Hello, after months of inactivity with the occasional reminder from me I have
suddenly heard that the vendor is ready to exchange tomorrow (26th –
February) and complete next Friday – has come out of the blue after so much inertia. As my rent will extend well into the latter half of March
can I use this time to plan the…
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Shared ownership - staircasing- stamp duty holiday
Hi All, I’m trying to wrap my head around sharedownership’s stamp duty, which is always a minefield, and trying to work out what to do should the stamp duty holiday get extended. I own 50% of my current home and elected to not pay stamp duty in full up front. My understanding is that if I staircase, I don’t pay any stamp…
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Extension
I wanted to do an extension on my semi detached property. A wrap around my next door is detached. My driveway is 2.5M and I wanted to go up the boundary is this possible ? Also my neighbour has a side window which I will be blocking if I did the double storey extension . Do you think I will get permission?
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Downsizing to free up cash but with a mortgage
Hi All, My wife and I are owner occupiers of a property worth 450k with a mortgage left for 150k. My question is, if we downsized to a house worth 200k can we take our mortgage, or maybe a portion of it with us to free up money for a business venture? For example could we "pay off" 100k of mortgage but still be borrowing…
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Will I pay stamp duty?
Hi Everyone, Struggling to find a definitive answer online with conflicting reports. So our family are currently serving in the army and we purchased a flat in our home town to have our own space when we visit. We are relocated different ends of the country but would like to purchase a property where we’re currently based.…
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Making my house into a Masonette
I would like some advice as I have already split my house into 2 which I jointly own Tenants in common with a non relative . I have had planning permission with the local council and have had to put stud wall with sound insulation and also floor insulation, fire doors, new regulated fire alarms, but I am now told I need…
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Special Condition?
In my purchase contract, a special condition has been added: The transfer to the buyer shall contain a provision that the covenant by the seller under section 4(1) (b) of the Law of Property(Miscellaneous Provisions) Act 1994 is modified so that the seller is not liable for any subsisting breach of a condition or lessee's…
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Mortgaging a house with large acreage
Myself and my wife are struggling to mortgage a house with 34 acres of land, when we initially seen the property I contacted a local mortgage advisor who assured me that he could get us a mortgage to purchase the property, we put our own house on the market, had a sale agreed within a couple of weeks and had an offer…
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Northern Rock charging order on house we are buying
My solicitor has told me that the house we are buying has a charging order attached by Northern Rock. She has told me that we can not exchange until the vendors solicitor has identified who now owns this debt, and it has been settled. Does anyone have any idea how long this may take? Does one organisation now own Northern…
