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Landlord selling our rented property
Hello everyone, Im hoping that I could perhaps get a bit of advice from those who are experienced and knowledgeable regarding private renting in England. This might be a long winded story, so I do apologise if so. I just want to ensure I provide all of the necessary information that might help those offering advice. We are…
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Issues raised by Solicitor on property
I'm in the process of buying a property and some issues have been raised as follows: 1) The property is on a little cul-de-sac which is not adopted by the local authority, however each of the houses do not have a legal responsibility re maintenance in the deeds etc. The Solicitor has raised concerns that if the court area…
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Advice - Building a BTL Portfolio
I'm looking to build a passive income over the next 5 years. I have come up with the following plan, if anyone can provide advice or signpost me that would be great. My current home is worth around 500k, I have a 225k mortgage and 275k worth of equity. I am considering selling my home and buying somewhere smaller for me to…
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Neutral paint colours
Those of you that have been looking at new builds, new conversions and newly refurbished properties - what paint colours are you seeing being used? And what looks best to you? A few years back the standard neutral colours were magnolia walls and brilliant white woodwork. For period property conversions/refurbs especially,…
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Most efficient way to purchase a house to demolish & self build
Hi Guys, Wondering if someone could help me out please. I am potentially going to purchase a property via my limited company. The property in question is structurally impaired & requires demolishing. My vision would be to ultimately purchase, demolish & self build. My query is around how to efficiently purchase a property…
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Kensington, what stage is the valuation done?
Are Kensington doing the mortgage valuations at the start of the application now, or after they have reviewed the case and are happy with everything? I am trying to establish if my application is okay because the valuation has been done. I feel like I am waiting for nothing at the moment.
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Does everyone in the chain exchnage on the same day?
I know everyone in the chain has to complete on tbe same day but does everyone in the chain have to exchange on the same day?? Also what is the latest time in the day we can exchange?? We are at the bottom of the chain
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Regularisation of loft conversion
Were fire doors a requirement under building regs prior to 2004?I have recently bought a house which didn't have building regs for a loft room. It has proper stairs, but no fire doors and was completed prior to 2004 [says the old owners]. I have proof that the conversion was definitely already there in 2014 as planning…
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EPC expiry, when does it need to be valid until?
I've realised today that our EPC expires in a couple of weeks time, is this going to need renewing? When we originally listed last year it still had a years validity so we didn't worry. It was still valid when we re- listed, valid at the point of viewings and accepting an offer this week. Will it need to be renewed if this…
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Self assessment time
I've just filled in my self assessment for 2 properties I rent out and have came across something new. I've been asked to pay half of what my bill is again and then half again in 6 months. Apparently this is called payment on account, I understand what's going on ie, I'm paying for next years now but just wondering why…
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Investigating Damp
My tenant has asked me to look at some damp in the bungalow I let. I do not have anyone who I know and trust to check this out. I am looking for an independant professional to diagnose the cause of the problem and tell me what needs to be done rather than a company who both diagnoses and repairs. Would members say ths is…
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Taking equity out when moving
This might be a stupid question but just wanted to clarify... We are looking at selling our property for £260,000. We currently owe £130,000 on the mortgage so should have £130,000 equity. THe house we are looking at buying is about £360,000. Can we choose to put only £90,000 of the equity into the deposit for the new…
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We've been down-valued by more than anyone expected. What can we do?
Hi everyone and happy new year. We're currently in the throes of selling our property (and buying another). Everything was smooth thus far. We had our 2-bed property valued by Purple Bricks at 170-180k. This was fair enough considering surrounding area pricing although obviously we would have prefferred the top end of…
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Advice on selling - title plan
Hello! Looking for some advice. When we bought our property we had an indemnity policy put in place covering two small areas on our property that were just outside the flat boundary lines - both areas are only accessible from inside our flat. The flat/building has had this layout since before the previous owners and it…
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Stamp Duty Refund
Good morning all, I have a question regarding Stamp Duty Land Tax, which I am really hoping someone can help me with. It is to do with the possibility of obtaining a refund of the higher rates of SDLT paid for a purchase when already owning an additional property. I understand from the gov.uk website that I can apply for a…
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3 Bed Advertised as 4
I am in the process of purchasing a house for which I have had a RICS 3 survey. The house is advertised as a four bedroom but the survey has revealed that the fourth bedroom which is part of an extension is a converted shed and can only be considered an ancillary space. Would this be classed as unlawful/false advertising?…
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Source of Deposit Queries
Hi all, I've been saving for a deposit on a house since about 2018, and by 2024 I hope to be in a position to buy, dependent on my health and employment status. I worked full time from 2018-2019, but suffered a major foot injury at work which left me unable to walk at all for about 3 months, and I received physio for this…
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Quick Exchange date
TAI for any replies : so after a fairly long/moderate process of buying our house it seems the sellers (property developers) are a bit fed up with length of time our solicitors have taken to get to this point. As it stands we have just posted back our contract and land registry documents the sellers have this evening said…
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capital gain tax
Hi everyone, I will greatly appreciate your thoughtful advice on an issue I am facing at the moment. I am selling my property where I live as I am planning to relocate. The Sale process is near completion, the buyer is ready to exchange the contact but unfortunately, I couldn't find a property to buy and I can move into.…
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Would you ask for more?
Has anyone ever had a first-time buyer pull out when just about to exchange (even went as far as ordering new furniture to be delivered when we completed) only to get cold feet and pull out - then for them to realised they've made a huge mistake and desperately want to buy your house after you've put it back on the market?…
