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How much profit would a property developer expect?
We want to buy a house that a property developer has recently purchased, we don't know how much he paid for it as it wasn't on the open market. Not more than 150k. He bought it to redecorate and rent out but would consider selling it but he's not giving us any indication of how much he would accept. There isn't a mortgage…
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Chief rent redemption
I asked my solicitors to negotiate the redemption of my rentcharge. So far it has taken 16 months with excuses including Covid, furlough, stamp duty holiday causing pressure on conveyancers, solicitor's family bereavement and sickness and intransigence by the rentcharge holder. The current situation is that we have a…
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Rear Garden into Driveway / Dropped Kerb
Hi All Another query from me on another house! As you know im still on a hunt for a house, found a beautiful two bed sandstone terrace full of character but alas no off street parking! got the usual "neighbours and i have an agreement never struggled in 15 years" etc etc but im cautious. However, the property benefits from…
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Change in gifted deposit after mortgage offer
We had our mortgage offer and we stated and proved the £20K gifted deposit from my parents, however since getting our offer my partner's inheritance from his grandad passing is now available and his grandma also wanted to gift us £3k towards our house. This is lovely and definitely helps us out but neither the inheritance…
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Delay on purchase advice
Hi all, I'm a FTB, back in late Feb/Early March I put an offer in on a leasehold flat. Offer was accepted next day and I had mortgage offer the following week. When viewing the property I was advised there was no chain and that the vendors would move in with family until they found somewhere which is why I was keen on the…
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When do you put your house on the market?
We've been actively looking for 6+ months and no joy. We want a very specific type of house in a fairly small radius (around 1 mi). Oddly enough half the EAs are saying to first find the house and half to put it up for sale ASAP. We rushed to buy the house we're currently living in and thus have to move after living here…
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Bank refuses to give reference for leasehold purchase
Hi, I am in the process of purchasing a holiday home which is leasehold, the leaseholder will requires a bank reference and the sale cannot proceed without it but my bank (Lloyds) say that this is no longer (since 2017) a service that they give to personal current account customers. I have tried to complain through their…
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Landlord - Replacing oven
Hi All, I had a change of tenants from 1st May. Since then I have replaced 3 laminate floors, a bathroom window, kitchen and bathroom taps, had the bathroom resealed, oil tank repaired and bought new smoke alarms. My previous tenant had no issues but the new ones seem to want everything done. The tenant has now wrote that…
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Landlord looking to sell has offered me first refusal
I had a call from my landlord a couple of days offering me first refusal as he is looking to sell up. We're waiting for a valuation for the estate agents but based on other flats in the area I think it could be worth c.160,000. My issue is lack of deposit I don't think I can cobble together enough to get the 10% deposit…
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Mortgage first then survey and searches?
Our offer on the house was accepted! Now I am trying to identify the order of the steps. Is that a mortgage offer I should be getting first and hold on with survey and searches until then? We have DIP just need to do a proper application now. Surveys and searches cost a lot so I am wondering if I should not be spending…
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First time buyer - Questions
A bit of background information first, I am a first time buyer, separated from my husband officially in December 2019, with a credit file I am in the process of repairing. My questions are (and please excuse my ignorance); 1) Should I wait until I am divorced before purchasing a property of my own? 2) I have a satisfied…
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PRC certificate
Hi, I have received a letter from my solicitor regarding my ongoing property purchase process. It states as quoted below. I would be very grateful for advice regarding the importance of the PRC certificate and whether houses built in 70's can't be sold without the PRC certificate. Thanks. "The valuation report provided by…
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Stamp duty query about owning rental property
Hello, I am buying a house on my own following a divorce. My husband is buying me out of our shared home so I am effectively selling my main residence, my name will be removed from the deeds before I complete my purchase. However, I do I own a flat which has tenants in it. I have spoken to several solicitors and estate…
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Best and final
We are in a best and final situation. I understand the advice that the best thing to do is put in an offer of what we think the property is worth and what we can afford. However, I am interested to hear from people who have had an offer accepted recently through a best and final process, what did you pay in terms of asking…
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Confused with the LR
Does a signed conveyance document serve as legal evidence of a detailed easement when the owner of both servient and dominant property sells the dominant property. This was prior to land registration. Thankyou
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Documents not provided
I bought a house, completing on 1/2/21, but my solicitors were horrendous. After a few weeks we had received no paperwork or emails to say we owned the new house. It is now over 3 months and we still have no documents, no fensa certs, planning and building regs for extensions, no electrical certs, no proof of ownership for…
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What to do after a bad building survey
Hi everyone, we're in the process of buying a house, everything's in place (mortgage, all searches back) but we've just received the building survey and it didn't make for good reading. There are quite a few issues with the house (some expected as it's Victorian) but the main issue is the roof. The survey says we need a…
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Question about home move costs
This might sound stupid (sorry - novice here) when selling a home and upsizing, what costs should reasonably be expected (not associated with the move but the house) coveyencing for both your current and intended properties, estate agent fees? I presumed that as we should have our deposit from our equity - this would cover…
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First Time buyer - High Social Housing in Neighbourhood
Hello All I am a first time buyer and have had my offer accepted on a property. My mortgage application is in process and everything seem to be going well. My friends have advised to conduct a thorough local research on the house and area (Schools, crime). I checked police.uk for crime stat and the highest crime % is 10%…
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When to negotiate reduced exchange deposit?
Hi All, I'm feeling a bit of an idiot to be honest... Wife and I have been really keen to move on from our current home, and have spent the last couple of years overpaying the mortgage with every spare penny we have. Recently put our house on the market, and accepted an offer over asking price within a few days. Almost…
