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Change in Circumstances Prior to Exchange
Hello, I am approaching the exchange stage and there has been a significant change in my circumstances. I took a consolidation loan (with a better APR) and used it to replace an existing loan that was used to make up my mortgage deposit and also to consolidate several credit card balances. These CC balances accrued because…
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What to offer?
Hello, My wife and I have found a home we like. seems they have 25-30 enquiries about this home 2 days into it being put on the market and one offer above asking already. We are in a strong position, large deposit, all ready to go, no chain. Asking price is over £200k Any tips or suggestions? The house seems undervalued…
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Having difficulty buying a house in Scotland, due to strange 'offers over' system
Hi all, I'm looking for some advice on buying in Scotland, in Edinburgh to be precise. I am looking at properties for around £120k - 150k. I have a mortgage in principle agreed for up to £148k and I have 10% deposit saved up. I'm having an annoying and reoccuring issue - say I see a property advertised as 'offers over…
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Should I sell or rent out my flat?
We have been trying to sell our flat in Croydon for the best part of a year. We now have an offer but we’d be selling at a loss. We won’t be buying a new place straight away regardless as we are planning on travelling next year (covid permitting). We are wondering if we should continue with the sale or rent out the flat…
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Exchanging & Completion
To make the June 30th deadline it looks like we might need to do this simultaneously. What are the pitfalls? Also our buyers -FTB, so not effected by the deadline, say their solicitors need 5 working days to call for the funds- is this from exchange? (I’ve done this many times but haven’t had this before)? Thanks
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Moving stress
Last week out of the blue, we were given a suggested completion date of the 25th June to get in before the stamp duty cut off. This week, looks like it's all going to crumble! It's so stressful and upsetting. We sold in March and got into a chain of 6. First time buyers on ours and our vendor is fairly straight forward,…
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Unwinding a Contract After It Has Ended?
I would be grateful for advice on the next steps I should take against
an irresponsible estate agent. Long story short, the question I need answering
is: Is it possible to unwind a contract through the county court after it has ended? Here is what has happened: On Tuesday 4th May, I attended a viewing of a property.
There,…
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Share of freehold uneven split possible?
I'm interested in a flat which is two stories (first and second) of a three story terraced house. The property is being sold as share of freehold and when we viewed the property and asked about expected fees e.g. sinking fund and building insurance, they mentioned that the costs would be split 2/3 and 1/3 as the other…
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Estate Agency Fees
I'm about to start the process of selling a house. I'm quite a good customer of this particular estate agents and have 2 properties with them. The one I am looking to sell should go for 700-750k. Does this give me any clout in negotiating fees? Just to squeeze them a little. They do give me a decent deal on rental agency…
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Freeholder wants to know when tenant moved in
Hi, my situation is that I'm a long term tenant (nearly 20 yrs) in a London flat. Initially, I'd signed with one other person an assured shorthold tenancy for 6 months with the leaseholder. On 2 occasions there was a small rent increase but the terms of the contract remained the same. The latest contract I signed was in…
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Selling property, survey results
I’m currently in the process of selling my late mother’s home. We waited almost a year for probate and within that time I have paid for gas, electric bills, a new boiler, new fencing, gutter clean, gas fires serviced etc. The house was valued at offers over £150k it’s a 1930s terraced. My mum had always kept things quite…
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S.21 eviction
Hi, I wondered if anyone can help. We were going to buy our house from our landlord but he pulled out shortly before my mortgage application saying he wants to put it on the market and see how much it sells for. We’ve asked how much he wishes to sell for in the end he says he doesn’t know, we offered 2k more than the…
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Land registry and Halifax Legal team
I am at my wits end. After 7 months trying to sort out the purchase of a property we are near the end however the Halifax wouldn’t allow the mortgage to progress until an overage had been removed. The sellers have finally reached an agreement and price to do just that which has been signed for but my solicitor isn’t happy…
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Does this seem like a buyer who’s not serious?
Have you heard of a buyer retracting an accepted offer and then re-offering the same amount (claiming that their old mortgage broker gave them figures which were too high but they’ve found a new one who gave better figures)? Is it wise to reject an offer from such a buyer?
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Personal loan taken out against joint property without my knowledge
Hi forumite minds☺️So I am at the end ( or so I thought) if a long battle with my narcissistic ex partner to take over the mortgage in my sole name. Solicitor went to complete late week and transfer deeds etc and they have come back and said that Santander say there is a loan secured on the mortgage so will take a bit…
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Mortgage application while starting a new job
2 weeks ago i reserved a house with my girlfriend, however the very next day found out where I work are making people redundant, rumours are all all but 5 will be laid off. Question I have is will getting a new job ruin the mortgage application? There's a good chance I'll be kept on but It would involve 4 times the current…
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Major works on leasehold flat uncovered right before exchange!
Hi all! As a first time buyer, I am in desperate need of advice. I have just received my report on title from my solicitor and discovered that the flat I am about to exchange on has major works upcoming (external decorations and fixing loose cladding). Both part 1 and part 2 notices have been served to the tune of almost…
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Home Survey Advice
We had a survey completed and moved into our new home however the surveyor failed to notify a rat infestation in the loft. Had we have known we could have notified the seller and negotiated the price. It’s cost thousands to sort out. The surveyor has stated that the survey explicitly states asbestos and bio hazards are not…
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Subsidence...to survey or not?
Viewed a house in Feb 2021, looked ok, offer accepted. House
is built in 1900, terraced house in West Midlands. Upon contract pack sent to
my solicitors, my solicitors informed me there was some subsidence to the front
elevation (no mention by the estate agent). The seller claimed through the home
insurance and they…
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Lodger not paying bills before departure
Hello, I am hoping for some advice. My lodger of two years is moving out next week and she is likely flying back to her home country abroad. Last week I sent her the recent bills for electricity, gas, water etc as well as repairs to various items she has damaged throughout my property, to which she agreed to pay for.…
