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Upping the offer
Hi, I am in the process of selling a flat and purchasing a house. Unfortunately I seemed to pick the worst conveyancer in the industry and the process is at 5+ months. The seller is a property developer, he accepted our offer 300k in December on property (A) and in January he planned to purchase another property (B). He…
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West Sussex: Best / worst places for family to live
Hi all, my family and I have spent the past 18 months trying to move to the Surrey Hills near where my parents live but to no avail. Prices have rocketed there since Covid and it’s incredibly competitive, some places we viewed had 60-80 viewings on them in a week. We are now looking at West Sussex as an alternative but…
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Santander mortgage offer
On my tracker it says This offer supersedes any other offer you may have already received relating to this application. Could someone explain this to me please ? I’m borrowing 78k do you think this mean the full amount? I’m a FTB and can’t believe only took 1 week from applying to offer!
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Stamp Duty query
Hi everyone - a quick stamp duty question which i'm struggling to find the answer to. I live with my partner, who owns her flat (in her name only). This is our main residence. I own a property which i have rented out for the last 4 years. I have rented for these 4 years in a different part of the country. We want to buy a…
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How difficult is it to do up a house?
Apologies as I realise that I’m asking how long is a piece of string. After a very unsuccessful attempt at trying to buy a house and a lack of available houses in our price range, three houses have come up that are definitely do uppers and I wondered where do you start wi this kind of project? I know all three will quite…
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Worth getting a valuation?
We are cash buyers and were first to view a second hand new-build with a guide price of £190-200k. We have agreed £194k. The seller is chain-free. The Housebuilder are asking for £186-£188k with freebies on plots in a slightly worse location (fairly close to a busy road). They have three available but i've seen plots being…
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New Build Developer threatening to release our reserved property – Advice Please
Hi All, We reserved a new build property and paid an upfront fee of £1,000 and have since paid for upgrades to the house the sum of around £3,000 as we had to do this. We haven’t yet exchanged and are past the 28-day period by 4 weeks through no fault of ours. We have our deposit of £50,000 sat in our solicitor’s bank…
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Selling house with legal fees and searches included
Having a torrid time with our buyers solicitor , though we don’t really want to it’s looking we might have to put house back on market…if we did we are thinking of including the searches all prepaid (running them now so they are Up to date etc) and paying the legal fees on condition it’s a proper local solicitor (this is…
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Memorandum of Sales
i made an offer on a property (England) on Tuesday which was accepted, and have emailed the IDs checks (don’t live local to the property) but I haven’t received a Memorandum of Sale - should i? I presume my vendor’s solicitor can’t do anything until he receives it?
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Advice please
Hi all. We are about a week away from exchanging and selling our house and purchase and a problem has cropped up with our purchase, someone needs taking off the land registry that got payed off 10 years ago (an ex) I have been informed this could take months. Our buyer is 2 weeks away from giving birth. We are thinking of…
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"Seller" insists on us using the estate agents mortgage broker
Hi, We put in an offer on an amazing house the other day and the estate agents came back and said it was slightly low and the sellers asked if we would up it by 4k. I said absolutely so long as the house came off the market. The EA said great, they'd just need us to do a financial verification with their mortgage guy to…
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Capital Gains Tax on second home
Hi, I supplied funds for MiL to purchase her council owned property. She signed property over to me, April 2001. Unfortunately, I did not have property valued at this time. She lives rent free and I will sell as and when she no longer needs her home. Please advise, how would I estimate what my capital gains tax liability…
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Help! New home is filthy beyond belief
Hi I just took keys to our new rented house. Upon entering house looked dirty, but I thought its normal with all the movers coming in etc for the previous tenants. Also had booked cleaner, thinking it will be very easy to maintain an extremely clean house from the get go. I started looking around and I was shocked. There…
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Two Different Sized Deposit Contributions
Before getting involved in the purchase of the propert I think I'm doing the right thing in looking ahead as it would be such a huge financial commitment. If I was to purchase a property with a sibling for both of us to live in, but both contributing different sized deposits. Let's say person A is contributing 80% and…
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Have we done the right thing?
Hello, Me and my partner have been looking to buy a house for a long time now and we've finally found one we both love. The seller wanted £350,000 which we felt was over priced. Our feeling and research told us the house was worth £320,000. With some negotiation we have now got an offer accepted at £335,000. But I can't…
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Unrealistic EA/Vendor?
Looking at lots of properties at the moment, with most selling within days on sealed bids. We have an best and final offer on one property but don’t believe it will be successful so have been a look elsewhere. We’ve taken a liking to one such property, it has some compromises, like a small garden and a main road close by,…
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Mortgage Free - My ideas and anyone done similar?
So I am mortgage-free on a property valued at around 220k. It's a 2 bedroom Bungalow. I earn around 29k before tax per year. I work from home, self-employed. I am thinking, all be it in a difficult time of maybe renting mine. Using that income to help pay for another home. I want to buy possibly a run-down bungalow again…
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Stay or Sell?
Hi all, looking for some advice please. My husband and I own a flat caught up in the cladding scandal. We’re very fortunate to not have to pay for waking watch, but are facing a £30k bill if we don’t get any money from the govt fund and a £6k bill if we do get some of the fund. We had planned to live here for the next 4…
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Has my building survey report removed my ability to get decent buildings insurance?
When gathering quotes for building insurance, a common
question asked is if I’m aware of any issues concerning subsidence, or possible
issues with subsidence including any monitoring? My building survey (RICS 3) makes two statements about the
structure: 1) The external vertical alignment of the solid
masonry walls appears…
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Front wall boundary query
Hello, I own an ex council house with a brick wall boundary at the front on the left as you look out. This wall has been in place when the original owner (who bought the house from the council) had it built and next door remained council owned until later purchased. Wall in place circa 40 years. The wall comes off next…
