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Shared Ownership Resale Purchase with 80 Year Lease Remaining
Can anyone advise if this is something that may be concerning before I spend any money on surveys and legal advice? I'm a first time buyer and I've had an offer accepted to buy 66% shared ownership flat resale. There are no restrictions on staircasing to 100% and there's no buy back clause when it comes to sell if I own…
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Buying Before Selling
My wife and I are considering moving house to somewhere a little larger. I realise most people our age (early sixties) tend to downsize but we seriously need a bit more space - and ideally a garage. So, we have a dilemma. We've always felt that we would need to buy our next house first before selling our existing one -…
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Taking my name off the deeds. Help please
Me, my son and daughter are on the title deeds to a flat we bought in 2009. We rented it for a number of years. Three years ago my son moved in and it has been his main residence since. Me and my daughter now want to come off the deeds. It is as simple as it appears from the guidance, with forms TP1 and AP1 to do this…
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Tenancy Deposit Missing between the change of Letting Agents
Hi everyone, I have been renting a house for the last 6 years. At the start it was with one Letting Agent (say agentX), but after 3 years in 2019 Landlord (LL) decided to change the letting agent to say agentY. It was not a smooth process as agentY drew up a totally new contract with a few new clauses that were…
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CGT questions (when gifting a property)
Hi there I am looking for some advice on what has turned into a rather complicated situation. I think I have covered most things but of course, ask any questions if you need further clarification. Apologies if this should be in a different section, happy for forum guides to move it if they think more relevant elsewhere.…
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Boundary Hedge
Hello, I was wondering whether anyone could give me some advice? We have planning to do an extension to the rear of our property, and we want to take the leylandii hedge down which acts as a border to our neighbours. About 18 months ago our neighbour killed her side of the hedge (if you cut into them too deeply the don’t…
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Council tax
Can anyone help me with the following. My partner and I live in different houses - he owns his own and I rent mine. Because he spends 3 days a week at my house he was required to be named on the lease. Our agent has forwarded both our names to council tax . Will he now have to pay council tax for both properties ? Or do…
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Rental income, self assessment, 11 monthly payment in the year
For rental income Is it the date you receive payment that sets the tax point ? Checking back through rental payments for a property I let out Received a Payment on 2/4/2020 which was recorded on my 19/20 self assessment This year I didn't receive the payment until 8/4/2021 Does this mean I just record the 11 payments on my…
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Tenant's Rights When Landlord Wants To Sell
I received an letter from my letting agents on May 7th giving me notice to leave the property as the landlords want to sell it. It read, "You are in
contract until the 20th November 2021, attached is the section 21
notice giving you 6 months notice (which is currently the amount required by
law due to COVID). However if…
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Advice
Hi all, I was just after a bit of advice. Our house sale and onward purchase has been going on since January. On our onward purchase the seller refuses to move until 21st June as they have a large family wedding to attend. They have already tried it on delaying the move date for all the chain but we finally landed on the…
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Delayed Completion date
Hi there, We have had an offer accepted on a property, we put a slightly high offer in on the premise that the current owners could move swiftly. We have just been told that there is likely a five month delay in the current owners moving out of their property as they have made an offer to a property and the owners cannot…
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Lodger legal rights without inventory, no deposit protection and expired agreement
Hello, I currently rent one of the room in my landlord property . She used to live here but she decided to stay abroad during the pandemic and she will soon return back to England. As i want to move out , i want to give her 1 months of notice and use one month deposit to pay towards the rent but i fear she will not agree…
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Early Surrender Costs - Tenancy Fees
Hi guys I'd be very grateful for receiving help on a difficult situation in regards to ending a tenancy agreement early. Me and my ex girlfriend signed a 18 month tenancy agreement back in October last year. We sadly decided to split up a month ago and no one of us can afford staying in the property alone. Luckily, the…
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Simultaneously buying and selling confusion - advice please
Hi folks I'd be grateful for your thoughts please? I bought a flat approx 3 years ago in a town I had never been too because everyone told me it was a nice place to live and I was priced out of the town I was renting in and loved. While I love my flat I hate the town and everything about it, plus as it is around 80 mins by…
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Landlord insurance
I am in the process of buying a leasehold flat to let to my son and his partner. I will be doing this with tenancy agreement and meeting all the landlord obligations (I have been reading the guides on here). Buildings insurance is included in the service charges and my son will be responsible for his contents insurance. I…
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Buying another property advice
Hello, my fiancée and I are hoping to get a bit of mortgage / house buying advice and I'm not 100% sure where to look for it so I thought this may be a good place.. My partner owns a flat (mortgaged) which is currently rented out and owns her house she currently lives in (mortgaged) I currently own my house I live in…
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Home buyers report, damp
Hi there, just looking for some advice on a property we are purchasing. We had our home buyers report back recently and they have found "the inside of the external wall has damp due to the ground level being raised", there is no evidence of damp inside the property but he then went off saying it could be costly if the…
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Conveyancing
I have just put my flat on the market and the estate agent is (predictably) promoting their conveyancing service. The charges seem reasonable. I contacted a local solicitor that had been recommended but they have so far not responded to my request for a quote which is not encouraging! I have used another solicitor in the…
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Telling estate agents our LTV?
Hi, first time buyer and poster here. Like everyone else looking at the moment, it seems like we couldn't have picked a worse time to try and buy a house, but hey ho! We've viewed loads already and had our offers rejected at best and final on 3 so far, which is what every house seems to be going to at the moment. Was…
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Unsure what to do!
Hi, I'm nearly 48 years old and am in the early stages of looking into shared ownership. I earn £35,000 pa and have £15,000 in savings. The reason for wanting to buy a share in a property is for a bit of security for when I get older and also as to leave something for my daughter when I die. All I've done so far is filled…
