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thoroughly fed up - tell me it'll be ok
Hi all Just on here for a moan more than anything - if youve kept up with my threads on here you'll know I'm fully in the throes of FTB in one of the busiest markets in the country :( (+16% price rise YoY at last count) and I'm thoroughly fed up. Ive had pull outs, cash buyer gazumps and lost about three BAFOs - I'm…
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Buying a property not on the market
Hi there, I hope you can help. I am looking to buy a house that I saw was derelict, not up for sale. A neighbour had told me that the proprietor had unfortunately passed away and they think there was a charge put on the house by the care home he went into. With all things considered and being sensitive to the matter, would…
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Complex Sale - Will funds release on time?
I'll try to keep this shortish, so won't bore you with the details but will give you a very brief background so that you can understand the urgency; We're 7 months into a very complex sale of our flat (plus a relatively simple purchase of a house) - involving a complex Deed of Variation which has, at last, been completed…
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Stamp Duty Surcharge
My wife and I are selling our current home. The house has been my only property for 20 years. My wife has two other properties which are let one used to be her only residence before we were married. I understand that we would be exempt from stamp duty surcharge if we buy a new main residence within 3 years due to condition…
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Nil Mortgage Valuation
I am currently in the process of purchasing my first home, an ex council house. On viewing the house we looked for any cracks etc for structural damage and couldn’t see any, yet my mortgage valuation has come back as £0 due to wall tie issues- I have not yet received any further information but is this something they will…
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Co-owning a house with a relative
Asking this for a friend. Friend is single, owns a house with mortgage in England. House value 400k and outstanding mortgage is 200k. One of friend's sibling, who is married wants to invest in friend's house and has offered 200k. The friend was approached by the sibling with this proposal. Friend likes the idea as they…
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Is the Small Claims Mediation Service able to deal with Leasehold Service Charge disputes?
Ive been incorrectly charged for service charges for the last 5 years (charges in direct contradiction to my lease) and I wondered if the Small Claims Mediation Service can help with this sort of thing? My correct annual service charges should be around £150. I have been sent the annual accounts invoices from the managing…
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Mortgage valuation 'failed' due to 'single skin' wall
Hope you can help! We recently applied to port our existing NatWest mortgage (no additional borrowing), to a Victorian detached. The valuation has come back with only the first box ticked: "The property cannot be considered as suitable security because it is not readily saleable and mortgageable as the gable walls are only…
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Next steps: solicitor searches/enquires are back
Hi there I'm a first time buyer buying a leasehold apartment. My solicitor recently sent a lot of documentation related to searches/enquiries. I'm just wondering what the next steps are? Should the solicitor run through the key points with me, or do I need to go through the documents and bring up questions? Any ideas what…
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Chasing solicitors
Despite having done this before, I feel very new to the whole buying a house process. Mostly because last time there was no rush and I didn't really understand anything 🤣 this time we are in rented and desperate to get moved so I'm just wondering how best to chase up my solicitor? Not really sure what to say/ask when I…
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Managing agents recommendations
Do you have any recommendations for a competent MA, to manage a block of flats in North West London? Or any comparisons website?It just seems so hard to find a decent MA! We have changed 2 in the last 2 years, and they seem to be getting away of doing the bare minimum if anything at all.
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Do I need a survey for house purchase?
Hi, I'm in the process of buying a house that I've been a tenant of for the past year, so I know the house pretty well and haven't had any issues. Given this, is there any value in getting a survey, be it home buyers report or more detailed? The house was built in 1986 and is in reasonable condition, there are a few faults…
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First BTL - Tax implications
Hi I have seen a flat that I am considering purchasing to then let out via a letting agent. This is my first BTL so I am trying to fully understand the tax implications. The flat is £75k which I was planning on paying outright (cash is currently in a low interest ISA) The letting agent has advised I can achieve £500-£550…
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Anti social neighbours written off car, what is the housing associations responsibility
Around 6 doors down, the is family renting from a housing association. These are your typical nightmare HA neighbours. their feral kids play with rocks, they make mess etc. Our car was so damaged by one of their children (aged 5) to the point that it was written off. It included scratching all of the drivers slides panels,…
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Selling with upstairs PP granted
Hi all, posted some months back about my neighbor looking to get planning permission for a balcony on top of my kitchen which I objected to. I was about to start the process of selling, but I'm now trying to sell a flat with PP granted, to me nobody's going to want to buy it. I can still stop the balcony going through as…
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POA or gift the house (to rent)
Looking for some more advice please if anyone can help please. We have been looking at options for my dad to move in with me, we discussed selling both properties to buy a bigger house but as he does not want to sell we are looking to put an attic conversation in my house so we have more room and renting his house out to…
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Fees - Help me break it down please!
Just put in an offer on a leasehold flat as FTB's for £215k. On our mortgage illustration it gives you a breakdown of costs. Conveyancing fee, broker fee, valuation fee, solicitor fee etc MA advised solicitors as FTB should be around the £1800 mark. I have had a quote from a local solicitor for £2400 (I'm in SE if that…
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Completion Statement from Solicitors Share Ownership Purchase
Hi All, First time buyer here due to complete on my shared ownership purchase on Friday. I have received my completion statement today to find that I have been invoiced for legal fees for the Housing Association's Solicitors in the sum of over £700. I was of course aware there would be surplus costs to my own solicitors…
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Home buyers survey didn't pick all observations, now further work is required.
Hi, We recently bought a property as first-time buyers 5 months ago. When we went
for the process of buying the property, we picked to conduct a homebuyer’s
survey and knew that is would you be an observational report only. We choose to do
the homebuyers survey through the bank that we took our mortgage out with. Once
the…
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Fraud
I received cloned emails from my solicitor requesting funds for purchase of my house. Am now very anxious. The law firm is reputable however the fear of almost being conned out of my money leads me to think maybe I should simply change lawyers . Please advise
