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Buying a house, proof of funds...
Hi Everyone, Im looking at putting an offer into a house, the offer will be cash. I've shown my statements to the estate agent, however they are claiming that they wont be able to put an offer forward unless they've made a photo copy and kept it on their file. Anyone have any thoughts on whether its possible to put an…
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Buying off Landlord, should he leave management company?
Hi, After getting fed up with the lack of houses and bidding wars at the moment (after finally being in a position to buy) we have spoken to our Landlord who is happy to sell to us! We’ve been here almost 5 years and have been on a rolling contract after the initial 12 months, would it be beneficial to the Landlord to…
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Insurance quotes before offer
I'm interested to see how much buildings insurance would be on a few houses, as another data point to help me decide which to place an offer on. If I receive quotes through a comparison site, am I risking a marker on CIFAS/National Hunter/Synectics by asking for various addresses none of which I currently own or reside in?…
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First time buyer, basic advice, finding a property.
I'm a first time buyer with an agreement in principle. I spend a few days looking through, Rightmove, onthemarket, Zoopla, seeing properties I fancied, then double checking to the original estate agents site to check they were still available. I then contacted all estate agents to arrange viewings for properties with…
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Vendors contribution to rewiring.
My daughter is just buying a house which following a structural survey urgently needs rewiring. The vendor is happy to split the cost with my daughter ( a £2,000 contribution) but if it comes off the purchase price she won’t have the money to do the work. The ideal solution would be a side agreement where the vendor pays…
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Advice on selling a leasehold parking space
So, about a year ago we bought a freehold terrased house that came with a leasehold parking space at the back (large enough for 2 cars). At that time we were more interested in getting the house and did not have any plans for the parking space, since we don't own a car. That parking space in the meantime became an…
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Ground rent
Hi all, I am looking for some advice. I am currently looking to buy my first property which is a leasehold flat for £270k. The sellers have started the lease extension process (via the informal route) they will be paying for it. I think the flat had around 69 years left to run and the sellers were only going to extend to…
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Back 1.5m of garden owned by life insurance company?
I'm looking at houses to buy at the moment and found a really nice looking terraced house. At the back of the garden is a makeshift 1.5m deep shed across the width of the garden which goes up to the fence of the neighbouring property to the rear. Having looked at some maps and the title plans, there was originally a 1.5m…
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Built in coffee machine when buying a new house - vendors want to take it
Hi all. Grateful for all your thoughts this. The house we have put in an offer for had a built-in coffee machine (next to the oven), which now the sellers want to take with them. It is (a) fixture no different than the oven or the hob and in that you would need specialist assistance to remove it and (b) advertised as a…
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Right to Buy
Hi, it sure if I have posted in the tight category as the seems to be a couple my question could have gone in, but hoping to seek some help. My brother and myself are looking to purchase my mother’s property of which we are also residents for some time. It has been agreed that we can purchase the property with my mum being…
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SDLT Shared Ownership staircasing - is my understanding of the fees correct?
Hi there, I wonder if you could help to confirm our understanding of the stamp duty process please? We own 50% of a property - the share was worth £189,000 in 2017 and we paid stamp duty on the share we purchased only (not on the full market value). The property is now worth £400,000. We are now in a position to staircase…
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Help! Selling second home
I'm looking for advice on a very important situation that has arisen. We have a property (A) that will be become our second property once we move to another property (B) by end of this month. Property B will become our main residence. We took a mortgage out for property B with the same lender that we have our mortgage with…
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House prices, how much have they actually increased in a year?
So... we bought our current house in February last year for 212K.... EA are saying it's worth 250K (it's in Cornwall, so maybe?) There's another property we'd like to buy, last July he put it on the market for 400k, sell feel through, and it's back on the market for 425k. Our house is more desirable than his (entry level,…
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Timeline for being bought out of a property
Hi there I just wondered about the timeline and usual steps for being bought out of a house and mortgage. I have tried looking online but I can’t see any advice on the steps involved. many thanks
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When to move into your new house?
Hi all, hope you’re keeping well. So I completely understand that the above is based on personal circumstances/situations. But how soon after completing on the property would you move in and start living there? Especially if the house is unfurnished and needs a good deep clean. Is there any recommendations on this…
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Buying a garage
Hi, I have the opportunity to buy a brick garage and small patch of land a few hundred metres from my house which for lots or reasons would be perfect for me. I don’t know and exact cost but would estimate £15-£20k. What would be the best approach to raising the finance for this using my mortgage (I don’t want a loan as I…
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Love a house we've seen but fence is down
This house ticks all our boxes bar one, and that is that the back boundary fence (which the vendor says belongs to the neighbour) has been damaged in a storm and is currently badly broken, leaning into our would-be property. Obviously it's May and we haven't had a storm like that for a while, so we're wondering if the…
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Home Buyer Protection Insurance?
Hi, Is home buyer protection insurance worth getting? I am a FTB and overly cautious. If you do think its worth getting, do you have any recommendations?! TIA
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Advice re court of protection issue
Hi All I am a first time buyer in outer London, currently renting. Am in process of buying a property for £700k in an outer London suburb. When I viewed it the estate agent told me the sellers had inherited a large amount of money and that they were buying a house in the country that was not dependent on this sale going…
