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Change percentage ownership of tenants in common property
We along with 3 others own a property outright. We are all tenants in common. Each owning 25% share, although not sure where this is actually written. One member (A) of the group needs £36k urgently. We are happy to stump up the cash for 20% of their share, with the agreement that they can buy it back at a later date for…
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longest sale ever ?
Morning to the collective , I thought this might cheer up others in a similar situation .i live alone ,have CFS, very low income self employed , girlfriend covid stranded in canada all 2020 and until now . I put my hs on the market last year ,and accepted an offer 24th september 2020. continued searching for hs to move to.…
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Property agent - conflict of interest?
Hi, I am first time buyer, currently renting via letting agency. I am house hunting in the area and would like to view some of the houses that are being advertised via the same property agent as I am renting from. Would the agent take note of that and inform the landlord that I am looking for a new place? As it takes a…
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Investing money in gap between selling and buying
Where should I put money in the 6-7 week gap between selling old house and completing on a new one? Banks used to offer 'overnight deposits' at money market rates but none seem to do that now. How much interest do solicitors earn on their client accounts?
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Getting letters about second home stamp duty refund
Just pondering really... we recently purchased a second property before completion of sale on our main property, so obviously initially had to pay second home SDLT which we subsequently reclaimed when the second sale completed. All good. But we have been a bit disconcerted by a few letters we have received from claims…
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How do I find the owner/landlord of next door?
We have a converted house next to us which are private rental flats. The building is listed. As the 'freeholder' is our neighbour, I would like to contact them, but don't know how to find them. The flats are let through a property management company. We've emailed them asking if they would pass our details on but haven't…
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House Built on a Disused Mineshaft
Hi All, We are in the process of buying a property and it has been identified that there is a disused mineshaft directly underneath the house. The sellers have shared a report from the coal authority from 2017 identifying the risks are low of anything happening (house is a mid terrace in a row of 4 built in 2012). My…
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Absolute prohibition against alterations in lease
I'm in the process of purchasing a flat but the lease has a nasty provision against making alterations. It's absolute in that it doesn't allow alterations on the condition of consent being given by the landlord. The lease contains the following clause: "Not at any time to make any alterations in the Demised Premises". The…
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Electrical Certification
Hi We are in the process of selling our property. We had work completed under permitted developement. This was done in 2014. We cannot find the electrical certificate that was issued, and the electrician has since moved out of area, and we are no longer able to contact him, email or phone or web. He may even have retired…
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is gazumping/higher offers back everywhere in UK?
hi folks just getting the feeling i need to move on, so started looking for new home, talking to nieghbours and my son (who are also looking at buying new homes) tell me often when they view or offer a to buy a house they are out priced by cash buyers from "London" is that happening everywhere ? nieghbours sold their house…
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Problems with proof of funds - mortgage May collapse
Our valuation was on Tuesday! I really thought wait was over when Kensington came back with more questions this time about deposit of cash into our bank account some month ago which was from the sale of my husbands motorbike which use to gather the dust in a garage for years. As this was sold privately we never asked for…
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Proof of Funds
Morning Folks. Anyone have any advice for the situation below?. Myself and a colleague are looking into cash buying properties to renovate. We bid on a house recently and the estate agent asked for proof of funds. Our initial response was that proof of funds would be provided immediately after the vendor shows an interest…
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Joint Tenants v Common Tenants
Not sure if this is a Probate question or a house selling question. Looking for some guidance on the following: Unmarried couple buy a house together 42 years ago, relationship failed immediately after completion of the purchase, and one partner leaves never to be heard from again. The other partner (who put all the equity…
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Cheadle / Cheadle Heath, Manchester
Hi all, I'm new here but some of the posts on house buying have been really useful, so thanks. We've had an offer accepted on a house that's technically in Cheadle but in the residential outer edges (Boundary Road) - sort of almost in Cheadle Heath. We love the house and the whole experience of buying has thus far gone…
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Buy the most expensive you can afford? - am I being silly?
Hi all Question to ponder - as per my last thread I'm continuing the apparently ever lasting house search and my max budget has increased by an extra 10k weekly as I'm in lpool where prices are rising seemingly in real time!. A house has come up that ticks all the boxes and I could see myself staying there forever (or at…
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When should I buy?
After a relationship breakdown, we’ve sold our house (STC) in less than a week. I had made offers for two flats I was really interested in but lost out to first time buyers. I am now in a position that I have my mortgage offer and roughly know how much I will make from the sale of my house. The question I’d like to ask is,…
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Buying Process
Hi, Sorry it’s been a while since I done this. My thoughts are mortgage sorted first, then instruct a an independent survey…are my thoughts normal way of doing things? Also it is likely the seller won’t pass the deeds to my solicitor until the above has been completed and no issues arising?
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Help To Buy Redemption Timing
We have around 11 months left on our interest free HTB equity loan and was thinking we should borrow more from our current lender now to repay the loan and secure the current rates / property prices seem to be continually rising and our property on zoopla estimates and lenders own HPI valuation is +25-30% from where we…
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Home Report Questionnaire
I have recently purchase a house and discovered there is asbestos in the roof of the garage. The home report says the surveyor didn’t check the inside of the garage and the seller ticked ‘no’ on the questionnaire asking if he was aware of asbestos. It has now come to light that he did know (we have been in the property for…
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House ownership share agreement
hi there, does anyone know what happens when the signed deed/ agreement of shared 50/50 ownership goes missing? The original solicitor has since closed down. My partner is being brought out by his ex but apparently this document is needed to proceed and it doesn’t appear to exist anymore.
