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Original Solicitor in Administration - Need Documents
Morning Everyone Hope you're well. I am in the process of selling my property and I have discovered the original solicitor I used has gone into administration. The administrators are taking 28 days to respond to queries so I thought I could pick some brains and see if I can move things along myself. I've been asked to…
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Surveyor sent the Homebuyers Report to the Vendors
Hi Everyone, I'm looking for some advice. My partner and I are first time buyers so very inexperienced in all this. I couldn't find anyone in a similar position from reading articles and forums online so thought I'd post. To give a little backstory the property we were lined up to buy has fallen through a couple days…
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Stamp duty
Hi. wonder if anyone can help please ? looking at buying a small leasehold flat to rent out - initially renting it to my step daughter. I live with my partner in her own home which she is the sole mortgage holder. I’ve previously been on a mortgage but am no longer on any mortgage.There will not be a mortgage on the flat…
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Leasehold Being Advertised as Freehold
Hello all, We are currently looking as FTB's to purchase a house which is advertised with the following wording: "The vendor informs us that the property is believed to be FREEHOLD. Interested parties should gain verification from their solicitors." We have asked agents at the viewing why it's worded as 'believed to be'…
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Local Search Results - Third Party Company
Hi, I'm in process of purchasing a property and the only thing outstanding is the search results - basically just the local search. I know the local search was completed last week on Monday as I directly called the council. However my solicitor seems to have used a "third party" company to raise all the searches and this…
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Inheriting mortgaged property then renting it out
If you inherit a property that has a loan secured against it (be it a mortgage or otherwise) and you decide to let the property, are the loan interest costs allowable as a basic rate finance costs deduction?
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Should you get a mortgage or pay cash for your home?
Hello everyone! Context: My girlfriend and I are 19 years old and are currently university students saving at least 75% of our income each month which means we will finish our 4 years at university with over £100,000 saved and invested (in stocks and shares ISAs). We will then be able to save to pay cash for a home…
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Home buyer
How do you make the decision when buying a home as to which survey you should have done I.e home buyers report or full structural?
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Electric rewire
Following an unsatisfactory Electrical Installation Report my letting agent arranged for a complete rewire of my 2 bed 1st floor flat at a cost of approx £3k. A few months later I have discovered that the loft has been left in an appalling state. It was fully insulated and boarded out and of course the boards had to be…
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Reduce offer after survey
Hi, So we have had an offer accepted on a house, this was at 330 which was 5k over asking. The survey has thrown up quite a few issues the main being the roof, in total repairs are about 12k, roughly 3-4k are general things which were visible, the roof was not which is the other 8-9k. Essentially it has been very poorly…
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Guarantor and tenancy references. The same form?
Odd questions, but for those of you who have completed these, is there generally a separate form for the would be tenant and their guarantor or would the landlord be likely to use the same one? Many thanks.
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1930s block - red flags prior to exchange - what to do here?
Hi all, So I had an offer accepted on a one bedroom flat in a 1930s purpose built block in London, that was accepted some weeks ago, it seemed to be an extremely good deal and I was very happy, but since then in the conveyancing process it has been uncovered that the freeholder and managing agent are the same company, the…
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Section 21 advice
Our landlord gave us notice a few months back, the section 21/form 6A was not attached to the email. Does this mean we haven't legally received notice?
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Gifted deposit to partner
I am in the process of buying a house with my partner. Due to our circumstances (him; cash rich, asset poor...me visa versa), I am going to gift him the deposit (25 % approx) and he will take out the mortgage on the house covering the rest (75%). He is in agreement (in fact is insistent) that we legalise this, in order…
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Lease Extension
My 95 year old Father in Law has recently handed over all his affairs for me to manage under a Power of Attorney. On reviewing these it is apparent that there are just 62 years remaining on the lease of the flat that he owns. He bought the flat about 10 years ago so the remaining lease at that time would have been 72…
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Completion date
Hello. Looking for some advice as we’re nearing completion. We signed our contract and mortgage deed this weekend and will be returning these to our solicitor tomorrow morning and asking for the completion statement ASAP so we can send our deposit and they can request the mortgage funds (Santander). The property we’re…
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First Viewing
Hi Everyone, First viewing organised tomorrow and it’s the owners showing us around... What are some of the questions we should be asking or is there even any questions we should be asking? Thanks in advance everyone for your responses!
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Sale can't complete for 5 months, what can I (buyer) be doing now?
Hello all, Always had sensible informative advice here before, so hoping for more of the same. After six months of serious house-hunting (and nine years of wanting to buy a house but it not being the right time), I've had an offer accepted on a house I really like. The vendor will be moving to a new-build that isn't due to…
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Undervaluation and cold feet :/
Hi all, it's my first time posting here thank you for reading in advance. We're total newbies. Our experience buying our first house so far goes like this: >House went on the market in Feb and within an hour of it being advertised ourselves and 6 other couples were booked in to see it the next day (crazy!) >It was on for…
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Property
I am weighing up my options on what to do.
