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Renewal fee
Hi folks, I thought renewal fees were banned, my agency sent me this email: "... Your landlord’s offer is to extend your tenancy for a further fixed term of 12 months at a rental of £X per calendar month. If you wish to accept your landlord’s proposal a payment of £125.00 (inc VAT) is required to cover the cost of…
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Public sewer on property boundary - is this an issue
Hi can I ask for advice please? Having only ever lived in leasehold flats I'm finding the purchase of a house a bit of a minefield. The latest is a query raised by my solicitor having received the drainage search, he's asked: We note that there appears to be a public sewer within the boundaries of the property. Please ask…
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Buying House - Solicitor Fees List
Hi all, I am purchasing a property and just this estimate from my solicitor. I thought it’s on the high side, especially since we’re also using him for selling our current property. What do you think? Purchase costs (Including VAT) 960.00 Bank transfer 36.00 Preparing and submitting SDLT form 120.00 Storage of documents…
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Conveyancing Enquiry - Unable to answer
Our buyer's solicitor has raised an enquiry: 'Our Local Search refers to a notice that has been issued to XXXX Developers Limited dated 15 April 2014 in relation to the cost of street works of £2,000,000.00, please provide evidence that this has now been paid' Both the Developer and Council have refused to provide this as…
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Waiting for Management Pack
So, I'm currently buying my first home, we've been going 7 months and still no closer to exchange/completion :neutral: But the one thing holding us up right now is the management pack, this was requested around 5 weeks ago, they told us it would be a 15 day wait... and have now said another 2 weeks, I'm very frustrated as…
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Equity Release Help
Hello I have a Property worth £130000, with a mortgage owing £88000. There's only me and I am 71yrs. I have been told I would have to find extra money myself as there would not be enough to clear the mortgage. I am confused. If your property worth £13000 and yet it doesn't clear what's owing. Any help in explaining to me…
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Letting half a share of a flat
My daughter owns half of a leasehold flat with a
friend (bought as joint tenants) but she now
needs to move because of her job. The joint owner wishes to remain in the flat and has a partner who would like to move into the flat - they have asked if they could
rent the “other half” from my daughter. Due to work commitments,…
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Mortage app before or after getting married?
Hello, just a quick question: My partner and I just had an offer accepted on a property - we're first time buyers - and are about to apply for a mortgage. As it's worked out we're actually getting married a week today - it was never the plan to do both in the same week, but there you go! We're eager to proceed, but is…
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Considering pulling out of a purchase
Hi all I'm a first time buyer and made an offer on a chain-free semi-detached property about a month ago. The house is really beautiful, great neighbourhood , on a cul de sac etc. but pricey. It will pretty much wipe out my savings but I think it is worth it in the long run. Searches have come back, survey done - all good,…
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Neighbor's bins blocking passage between our respective houses
The narrow passage between our houses is accessible through a locked door (we both can open it). In that corridor there's one door to a lock small debarras in my house, and one in their house. At the end of it, there's a door to my garden (no access to their garden). For a couple years I've let them put their 2 wheelie…
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What to do after Survey...lots of #3's
Hi good people Ievel 3 survey has been completed - mid terrace 1900's property. The report has given several 3's (and 2's).... trying to digest it all. Surveyor has said 'this property is in poor condition and now requires extensive repair and refurbishment' & said he's surprised its mortgagable. Fortunately I already have…
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Buying housing association house built prior to 1st April 1997
Hi, my cousin lives in a housing association house, has lived there for years. She wants to buy it if she can, loves the house. She's been waiting ages to get the go ahead as the company her current housing association bought the house off, couldn't find the paperwork. It was verbally implied she would be able to go ahead…
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Can a tenant withdraw notice?
I was due to move into a property in August, contact had been signed/dated etc. The current tenant had requested early termination of contract, however the day after we were due to move in he decided he wanted to stay until October. Letting agency said it’s his right to do so and there is nothing they could do about. Is…
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Short lease flat - good discount - WWYD
I am looking at a short lease flat - 56 years. FTB here. I can get a 10-15 year mortgage so I have 30+ yrs at the end of the mortgage left on the lease. Seller refusing to sort lease or serve section 42 prior to completion. Asking price of 120k. Informal lease extension estimate from 7 months ago of 25k from Freeholder.…
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Buying a property
We was are close to exchange on a property but all of a sudden the seller wants to add a fence in the middle of the garden to make her other property which is attached to the house we’re buyings garden bigger. Is this actually possible, if it is and we agree a new price and go ahead how long would the new boundaries take…
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How low should I offer?
I've seen a property which I quite like for 500k. The property itself needs so much TLC which will take me a few years to complete but is fine to move into as is. Due to the condition of the house, is £450k a sensible offer? I'm a FTB with a decent deposit ready to go. The property has been on the market for a few months…
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Second charge mortgage
I am looking to do a buy to let. I was looking at various calculators and researching. A loan company said they could likely advance me the money for a deposit against my house. I said that's insanity as I only have about 40k of equity and the sales guy said oh we can go up to 100%. My response was that my bank would have…
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Sale to HK buyer looking flaky at the last second
I started 'sold' my house back in mid May this year and shortly afterwards found my onward purchase. Legal proceedings for both transactions were initiated shortly afterwards. My cash buyer lives in Hong Kong but his daughter is living in the UK and starting uni in Sept. He was keen to complete by end of August so that his…
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How do I sell 50% share in a mortgage free property
Hi, My sister and I have inherited equal 50/50 share in our parents property (value ~£300k). The property is mortgage free; there are no outstanding claims against the property; we are in possession of the title deeds; inheritance tax has been settled.My sisters son is the current tenant who wants to purchase my 50% share…
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2nd home stamp duty
hi, So I have 1 residential property and 1 BTL, if I sell my residential property and buy a new home do I pay stamp duty? many thanks
