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Draft contract pack - how long does it normally take?
Offer was accepted on 16th August and I instructed my solicitors same day. Memorandum of sale sent 18th August. 23rd August - Vendor’s solicitors confirmed they are acting for them via email to my solicitors. Draft contract pack is still outstanding. Also the vendor’s solicitors won’t confirm to mine the length of the…
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Ltd Company as a tenant in common?
Hi, Are there any legal restrictions on who or what can be a 'tenant in common' (or joint tenants for that matter)? My plan is to joint buy my mums next house with my company so she's mortgage free. 25% ownership in her name and 75% to the company. Is this allowed? Any drawbacks? Thanks!
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Charge on a property LR CH1
Hi, Is applying a charge on a property via a LR CH1 form the best method to protect my loan on my elderly father's next house purchase? It will be a 100% cash purchase and be soley in his name. I already own a house. I don't want an income, just the % back I loaned when the house is sold be it a profit or not and I don't…
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Transfer of Equity and stamp duty
Hi folks Just a quick question, I have a remaining residential mortgage of £250K on my main residential property and planning to add my wife to the Title Deed (Transfer of Equity), which has been solely under my name. No monetary change. So splitting the mortgage of £125K each, there should not be further stamp duty…
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Deposit
Sorry quick question, my deposit wasn’t protected for the first 18 months of my tenancy. If I get my full deposit back I have no intention of taking any action. The documents state the letting agent rather than the LL if I do have to take action is it the LL or the LA I put on the court documents. It’s a normal AST…
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Helping sister buy house
I'm looking for some advice. Most of the information online is about parents gifting deposits to children to avoid IHT. My sister can afford a house up for £290, but as she lives alone, with her deposit of 50k will only give her a mortgage of ~4.5x salary which gets her to 220k. We're not in a position to gift her the 70k…
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Strategy for FTB with making offers
Hi there, I made an offer on a flat this morning and wanted to get some advice in the way of how to approach what the vendors might come back to me with. Despite offering the full asking price the EA was very nonchalant, saying that although he would pass the offer on to the vendors he wouldn't be getting back to me until…
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Conveyancing/legal pack advice
Hi all, I am wanting to bid for a property going to auction soon but I need a professional to cast an eye over a lease agreement to fully understand what it means. As I dont know if I will be successful at the auction I was hoping someone might know of a way I can get this checked for free, or as cheap as possible. The…
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How long after completion do we get the keys?
Hi all after 19 stressful weeks we finally completed this morning at around 10:30AM. Our estate agent let us know that the sellers would contact us to collect the keys directly from them. We haven’t been given a time and the estate agent is trying to get on contact with the seller for a time frame. How long does one…
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land Registry - bankruptcy notice
Hi, we're buying somewhere and the last thing that needs to happen before we exchange is that a bankruptcy notice is removed from the property. Assuming the solicitor has given the land registry all the info they need. how long this could take? I know it's unknown but we have no idea if it'll be tomorrow or next year.…
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Covid housing market impossible to buy....
Feeling very very "crushed" and wondering if others are caught in this too. Before covid after 5 years solid saving, working excessively to sell and buy a house with land for extra growing, poultry and modest holiday let business we have been completely impacted by covid. Gone from 5 houses to view in April 2020 (all got…
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Storage Rental Costs
I wasn't quite sure where to post this so please move it if it's in the wrong place mods. I know there are strict laws regarding rental increases for tenancies but I couldn't find anything related to storage. Is there something perhaps related to contract law on this as regards how much notice you must be given for price…
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Revising offer situation - via solicitor or EA?
We are currently in the process of buying a 4 bed terraced house in South East. Mortgage all done, survey done, enquiries nearly there, however we have just seen that the immediate neighbouring property we intend to purchase has had their sold price (June 2021) come through on Land Registry. We knew it was for sale and…
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Get a survey on rented period house with issues before mortgage application to buy?
I have the chance to buy the property I have been renting for several years from the owner. The property has recently been valued, and even though it's being offered to me below the valuation price, I still believe it to be a bit overpriced as there are some issues with the period structure (subsidence in two places and…
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Inheritance buy out
Hi I have been left my Mum's house shared 50/50 with my brother. Due to my personal circumstances my brother has agreed to let me buy him out for less than 50% in exchange for him taking me out of his will where I was to inherit 10% of his estate. This would be paid in cash to him from our savings. This will enable myself…
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End of fixed term rental
Hi , posting as landlord : tenant on fixed term contract - current fixed term ends on 23 sept . during the tenancy we have had minimal contact with tenant who has paid on time and effectively been a good troublefree tenant . silence is almost deafening as we do not know tenants future intentions. Most tenants advise if…
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Buying a property in conservation area, England
Hi Saw a property of interest within a conservation area in England with a converted loft to bedroom and the windows changed to uPVC double glazed. Have checked through the local authority planning website for past planning application but not available for the loft conversion or the changed uPVC windows. If I were to go…
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Level 3 building survey
Hello everyone, I'm buying a 1930s terraced house and as a FTB, I am looking for reassurance from a professional that the property doesn't have anything that is too big for me to chew. I have a surveyor in mind and happy with their quote. I think I am overthinking this but how do I approach arranging this? Is it as simple…
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Odd homebuyers report?
We are in the process of selling our house and have recently had the surveyor in from our buyers who were kind enough to share the report with us as the sellers. I will say that everything is progressing nicely and our buyers are happy with everything - But some of the things mentioned in the survey we found rather odd and…
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Stamp Duty Question
Hello everyone i own a house that I used to live in, but now rent out. I live in my partners house. can I buy a £40k share of my partners house to reduce her mortgage without paying stamp duty? can I buy more than a £40k but only pay stamp duty on the bit I own? Not the whole property value? thanks in advance
