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FTB - House has had internal wall removed with no building regs
Hi - I'm a first time buyer and hoping for some advice please, as I'm starting to panic a little :) we are a couple of weeks prior to exchange. I had a HomeBuyers report carried out which noted an internal wall had been removed a few years ago (3-4) between the kitchen and diner, and that my solicitor should get…
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private house swap?
considering house swap and wondering if anyone has done this, and if its easy process no mortgages on either house, similar values so no money involved would stamp duty be payable? - both would be only property not second any pitfalls to consider?
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BTL mortgage free and income tax
If buying a property to rent out for cash how do I ensure that tax on rent received is based on my wife’s income rather than mine?
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extremely stressful house sale and getting a removal company
Sorry for the long post. Our house sale has been a nightmare. We put the house on the market in July 2020. Got a sale straight away. nearly 3 months later turned out buyers couldn't proceed. Put back on market and sold again within a couple of days. After months of questions and chasing it turned out our buyers had an…
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Remortage costs on rental property - tax expenses?
I am remortgaing a rental property and have to pay the following fees. Can I claim any/all of these as tax expenses? Money transfer fees £82 Notice fee £72 Mortage exit fee £195
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Asbestos waste found in a rented property
Hi, all, I've tried searching around for answers, but can't find any answers online for this specific issue: There's a pile of asbestos waste in the garage of the property we're renting. My family has been in a privately rented property for the last 28 months. When we moved in, there was stack of what appear to be ceiling…
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Gift donation
Hi all, I have a noob question please. A few months ago my mother transferred some money into my account to chime in my deposit in the future. No problems with the transfer at both banks (she lives abroad). The amount has been sitting on my bank account. We should have all paperwork if required but a thought crossed my…
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How do they calculate how much you need to earn to afford monthly rent?
I am currently renting a 1 bed flat for £675pm. I’m looking to move and finding it impossible as estate agents insist I need to earn £27,000pa in order to afford a rent of £750pm! I’ve offered to pay 6 months rent up front, but still they are not interested. However, looking online at rent calculators, it says that I would…
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Stop Clause for Exchange on Notice
Hi I’m buying a new build property off plan that is due for completion in November. My solicitor is pretty much ready to exchange but they have requested the developers solicitors to put in a stop clause because we are exchanging on notice and our mortgage offer will officially expire before the completion date (although…
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CGT if I lived in a house before letting it.
I did try to fathom the answer from .gov website but couldn't. And this site is usually uber reliable! '.. My tenant who has lived in my only property for last five years has indicated she would like to buy it. I am considering it but when it comes to CGT, do I get some relief for the ten years I lived in the house. I now…
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How/when to tell landlord I'm leaving , buying house
Hi, just a bit of advice about what I should do. I initially signed up to rent via a Letting agent, I paid £500 Deposit. 5 years later letting agent goes bankrupt and owner contacts me direct and says just pay me same rent direct, so for 3 years been his Tennant direct. No contracts signed other than original contract. By…
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Should we be worried
Hi, Will try to keep it brief but just after some unbiased advice. We accepted an offer on our property and we are currently in the process of buying a new property. In the week we were advised that the buyers had not applied for a mortgage and their solicitor had not started the searches even though they were instructed…
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Advice on Homebuyer report findings
Good evening, I’m looking for some advice. I’m a FTB, had an offer
accepted on a property, and just had a Homebuyer report done. House is 1985
construction. As I’ve never had a survey done before, I was a little freaked
out by one of the findings regarding the roof. The Survey stated: * “The roof is built of preformed…
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Eucalyptus tree 3m from house
Hi I am in the process of selling my house but surveyor has picked up on neighbours tree 3m from house. He has requested a structural engineer to come and inspect. I am in the process of having tree took down sharing cost with neighbour. There is no TPO on it. Will this suffice ? There is no obvious subsidence or cracking…
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Money After Selling Property?
Hi all, I'm looking for some advice where I should put the money from my property I am selling. I understand this is a loaded question so I'll briefly explain what my medium-term plan is. My flat is nearly sold, will hopefully complete in the next few weeks. I am then looking to buy elsewhere but not immediately. Where or…
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Seeking advice about steel structure 'non standard' build
Hello, I have viewed a terraced house in need of much work recently (really, not just cosmetic). There is potential to make it 'your own' and add value. Walls are partition so potential to redesign as house needs gutting and everything nearly redone (walls/electricity/ eventually plumbing + refurbishment). However, the…
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Can i contact the management company?
Hi guys, am new here. We put an offer in on a property which got accepted late February and i think we are very close to exchange. We are just waiting on 3 final enquiries to be answered by the management company & freeholder. These enquiries were raised 3 weeks ago and my solicitor & the vendors solicitors are advising…
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Wales - Rental Legislation
Hi, I am trying to find some information for someone but can't find it anywhere, only information up to June 2021. Are evictions in Wales going to be put permanently at 6 months notice period after June 2021? I read somewhere it was, and gov website says it's now 6 months with no end time of that legislation and other…
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Near exchange/completion and vendor put property back on market while sale to us progresses
Looking for thoughts on this situation please: We had an offer accepted on a property in early March. The vendor has been consistent that they want to complete as soon as possible and as we have had a buyer for our property waiting since dec were happy with this. We agreed in April to an end of May completion and things…
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Are landlords legally obliged to put up a banister ?
Hi, I have already done some research on the subject but have not found out whether there is a legal requirement for a landlord to put up a banister and was hoping to get some more advice here. I live in a privately rented house with 3 other people and our landlord (5 in total). The house has steep stairs. The stair case…
