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can someone explain what indemnity insurance does?
hi all, I thought I understood indemnity insurance policies, but some things don't add up. let's imagine a case of a structural alternation (extension or garage) ignoring a restrictive covenant or simply not having planning permission (let's say PP is required for that modification). if I was to buy that property, my…
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5 year or 10 year fixed mortgage?
Hi, First-time buyer, new to all this! But thinking of fixing the interest rate on my mortgage because I fear they will go up in the future, if they don't stay where they are. It seems logical to fix for 10 years for peace of mind, rather than fixing for 5 and then finding the interest rates at that point are much higher.…
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I’ve completed on a purchase but I discovered that a garage has not been transferred to me
Hi guys I have recently purchased a share of freehold maisonette. I was talking to the other cofreeholder today and she mentioned that I should store stuff in my garage in the convo (i had no idea I even had a garage) I done a search on land registry and a “Garage” came up that was attached to my address with a title and a…
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Politically Exposed Person
Just been sent info about putting in a Best and Final on a property (we aren't interested but they sent it to everyone who viewed) - asked to complete a Politically Exposed Person declaration - haven't had to do this in last 2 house purchases (2020+2021) and not only time I did a B & F. Anyone else been asked to do this?
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AS1 help - timescales
Hi, I’m new to this but seen there is a land registry person that helps with queries. Just wondered how long it it taking to process as1 forms at the moment? I have inherited a house from my dad, however I am needing to take a loan out against the property to pay for the kitchen etc doing. The lender I have spoken to says…
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Rent affordability check - twice with the same landlord
Hi I've been renting a flat from a private landlord in Scotland for 3 years. Recently started a new job 6 months ago. Landlord did the affordability check when I moved in, it was all fine. Last week he called me about him doing some repairs in the flat, he always comes during the day if any repairs are needed. I mentioned…
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Planning / Building Regs Issue
Hi, We are having an extension built (it's pretty much complete), this was all being handled/project managed by the building company who have now gone bust! The planning/building regs guy has been involved, he has visited a few times and the following changes were made based on his comments. 1. We had a hedge removed and…
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Buying and selling in a chain.
"ARGHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH!!!!!!!!!!!!!!!!!!!!!!!!!!!!" That is all. Thanks.
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Help with council housing
Hi, I really need some advice and I’ll try to keep this as short as I can. I live with my partner and our 3 children (girls) in a 3 bedroom council house. My partner works full time and I work self employed from home. We lived in a lovely home/area but it was only a 2 bedroom and when we found out we were having twins we…
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Shared Ownership and Sound Proofing
We are trying to find out what type of sound proofing we can apply to a party wall in an end terrace house. The housing association (HA) won't give us an answer. I also asked what were the test results for sound proofing at the time of construction and again no answer. The HA have now asked for an acoustic test (after…
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Mortgage retention
Hi everyone I’m in the process of buying a house for 145k we are putting down 22,250 (15%)there is a good amount of work that is requires (bought up on surveys) substantial damp work and chimneys work, we have been slapped with a 9k retention, the valuation has come back at £135760 before works are carried out. We have…
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Land Registry Requisition
Hello Is it normal for a new build leasehold flat to need the managing agents to answer any requisition queries or should the vendor as part of completion on the property when they purchased it should already have all the details Land Registry need?
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Air source heat pump
Does anyone have any experience with air source heat pump air flow central heating? A house we are interested may be going to have this installed. The alternative would be LPG gas.
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Splitting house equity with Ex - unmarried
Looking for advice. Me and my ex own a house together, I haven't got the details of whether we contributed the same to the deposit at the time so just going off that we did. We split last year and I have solely been paying the mortgage for 15 months, I have also completed house work which will have added value to the…
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Is indemnity insurance needed?
Hi, I am in the process of purchasing a leasehold flat and have been advised to take out an indmenity insurance policy to cover our part of the building in case others may not have insurance as the landlord is not required to insure the whole building.Is this something I definitely need to ahve or is it something else the…
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Named as shareholder on flat I've sold
Hi all I sold my flat in 2018. As part of this I had a share in the Management Company who managed the building and I signed the appropriate stock transfer forms as part of the sale I've just looked up the Management Company on Companies House website and noticed I'm still named on the confirmation statement as a current…
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Would you reduce offer in this current climate
I have posted on another site. I am a nervous buyer and question myself often. My limit is £70,000. There is a beautiful house for £75,000 with lots of work needed but not inhabitable whilst the work is being done. House was listed as a 2 bed last week, now listed as 1 bed (possibly due to issues with the loft room) A…
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Renting - bank statements and checks
Hi I'm looking to start renting with a friend next month. Currently looking at going 5050 on a flat at around £800 each per month, with us both earning £42k + commission from sales. I've been living with parents so have no previous landlord to provide a reference. Due to living with parents I haven't exactly been light on…
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Change the completion date AFTER exchange?
Hi all, I am a first time buyer and we exchanged today!!! We all agreed on a date to complete. As the pessimist I am, I’m wondering if the completion date will be pushed back if anyone changed their mind? I DONT want to change the completion date, just don’t want to get my hopes 100% up incase the completion day moves! tIA
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First Time Buyers Pushing for Exchange but my Vendor Not Quite Ready
Hi, Looking for a bit of advice. My wife and I are divorcing. Now, I know what some people are going to say- don't buy a house off a divorcing couple. However, we are both on the same page. We have been really speedy with every piece of paperwork, communication and everything with everyone. We accepted an offer on our…
