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First time buyer with 1 child
Hi, I am looking to buy my first property. I work part time (33hrs per wk), earn £32k pa, have £20k in savings and no debts. I have a 2 year old child. currently I live with my partner but for many reasons I want to buy my own property. I think I’d be looking for something between £90k-£120k and have come across a few…
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Landlady doesn’t want to repair
Hello, I recently moved into one big house converted into 3 houses. One is ours, other one landlady and her daughter with family. A few weeks ago we asked for shower repair as it will give only very cold or very hot water, nothing in between. We have a bath but it is very hard for me to wash, especially my hair as recently…
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RTB Leasehold Purchase Enquiry
Hi, Im in the process of buying my RTB flat which is leasehold, I just received notification from the council legal team that paperwork have been forwarded to my solicitors. there is a section that states the following "I would also advice that upon completion of your purchase any future Assignment (Sale), Charge or…
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Tenant Fees Act
The washing machine broke in a flat I rent out. I organised a new machine from John Lewis, and I paid JL £25 to fit it. After it was fitted, the tenant said she'd prefer a different model. It's a bit more expensive, but I don't mind paying the extra. JL, amazingly, agreed to do the replacement, but they want another £25 to…
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What am I waiting for??
Hi first time buyer here and wanted to check what was next on our list if anyone could help. So far... House viewed - offer place 11/05 offer accepted 11/05 mortgage application started 12/05 conditional mortgage dependant upon valuation 14/05 Valuation took place and accepted 18/05 mortgage offer received 19/05 Survey…
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Declaration of Trust
Hi there, does anyone have any knowledge of how a Declaration of Trust can be annulled/scrapped?? My Mother entered into a Declaration of Trust with my brother and his wife regarding her house. Relationships have broken down and my Mother wants to annul/scrap the Trust by buying them out of their share of her house. They…
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New government first time buyer scheme
My daughter is interested in the new first time buyer government scheme but is having trouble finding out about it. She has asked two mortgage brokers and they have both said they are not sure of the details as yet. She lives on her own and wants to get on the property ladder, the only information she has been given at the…
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Problems with agent's/buyer's date expectations
After having been about to go on the market just before Covid, it ending up taking until April this year. My dog and I are planning on moving to another part of the country but hadn't found somewhere yet when an offer came in from people whose chain had fallen apart and wanted to buy asap.However, due to all the backlog…
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Capital gains tax begin on a property joint ownership/inheritance
My understanding is that if you inherit a property you pay Capital gains tax on its estimated value from the time you inherited it. If you were made joint owner of a property prior to the inheritance would you thereby be subject to capital gains tax from the date of joint ownership, or for only half of it from that date,…
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Getting rid of stuff!!!
I have put this on the house buying board because I am sure I am not alone. We are downsizing so need to sell stuff larger more valuable stuff is not a issue Facebook market place is great. However what do you do with the £1-10 value items? Too may to list individually not enough value for eBay. There is no car boots on at…
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How much justification should I give when making an offer?
This is going to be quite long, so TIA for reading! I viewed a house yesterday that I'm considering putting an offer in on. I have owned a property before, but it was S/O, so I've never been through the offering part of the process before. So my question is two-fold I guess: how should I present my offer, and how much…
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Decision in principle - send these to estate agent??
Morning all, We have seen a property we want to put an offer on. We've got 85% deposit of the asking price and two mortgage Decisions in Principle from two lenders - one offering from 25k up to 57k, the other from 52k up to 70k. The vendor told us that she has received an offer though she's not accepted it as the potential…
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Is my Mother in law a Lodger
My 96 year old Mother in Law has lived with us for the last six years. My wife and I are both retired and own our house. MIL has the virtual exclusive use of a couple of rooms and shares other facilities. MIL makes generous regular contributions to the household and we are living comfortably. I recently read an article…
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Over pay mortgage or save?
Hi, We are thinking of buying a house. However as we live in a flat with no garden, it is a slow seller. So, we are in the position where we could put money away for pitiful % or we could overpay our mortgage. We have some money set aside for moving costs and legal expenses and emergencies. Do you think it is prudent…
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Buying a house previously owned by a heavy smoker?
After searching for almost a year, and dealing with 2 failed purchases, we’ve found a house we truly love. Structurally it looks fine (we’ll have a survey to be sure), it’s very dated inside but only really in need of redecorating, it’s huge, detached, massive garden, in a lovely area, and is very reasonably priced. We’re…
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End of Tenancy
Hi there Just after a bit of advice. I have been in the rental property I have just given notice on for 10 years. The deposit was on a promissory by the British Legion as I had to vacate a married quarter after my marriage broke down and they were fantastic in helping me. What happens regarding that as I was never asked to…
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Buying new builds Off plan
Has anyone purchased a new build off plan before? How was your experience?
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First Homes Scheme
Anyone know how one can apply for this scheme. Would it be through one's local council or through the builders? If through builders, how do we find out which builders are taking part in the scheme?
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Land Registry - What happens when completion complete?
Hi everyone. Quick question. We’re due to pick keys up on Thursday. Should I have had something from solicitor regarding land registry so we know the property is going to be transferred into my husband and I’s name? Also should they have asked if we wanted it tenants in common or joint as we haven’t been asked this or will…
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Not sure what to do, please help!!
I own a property outright that's worth 170k (3 bed semi) (the mortgage company have a legal charge on the property which I kept open after I paid off my mortgage in case I wanted to borrow on it again as it would make it easier). Anyway - Ive seen a property I want to buy (offers over 325k) and I have approx 160k cash to…
