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What documents do I need to rent a property if I am retired?
Apologies for the long post..... Two and half years ago when I took voluntary redundancy after working 30 years with the same company, I made the decision to take early retirement and currently receive three company pensions - I'm not at State Pension age. The same year I also got divorced. My ex and I live in London in a…
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Right to retention funds following Major Works delay
Hi all, We purchased a leasehold property with the Local Authority as the freeholder back in 2019. A notice of Major Works had been issued, so we negotiated a proportion of the sale proceeds to be withheld with the solicitor for a period of 3 years to cover up to the final cost of the works, with any remainder going back…
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Sell or rent ?
My mum owns our family home ( it's in her name ) . My dad paid the initial £10k deposit 20 years ago when the house was bought. Over the years, Dad has suffered depression and despite taking meds, he did not improve. He has turned toxic and vengeful and was 80% responsible for the breakup of my marriage, resulting in my…
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Estate Agent will not provide current offer on house I am interested in?
Is this a common thing? Should I have concerns? I am a first time cash buyer so have no clue about procedures but usually the ads I see "under off" have a figure. But the estate agent of this particular property will not tell me the current offer, I asked "then how am I supposed to compete with an offer if I don't know…
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Shared ownership sale! Help!
Hello, sorry this has probably been asked 100000% times. I bought my house in 2019 as a first time buyer. The full value was £290000. I bought a 50% share for £145000. As a first time buyer I did not pay any stamp duty. I now want to sell my house and they people who want to buy it are full Ownership buyers. The RICS…
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Solicitor Fees, Abandoned Purchase - Pay Fees OR Challenge Fees?
Hello, I have recently had a property purchase fall through before completion, for clarity I was the buyer. The solicitor has quoted me near to £500 in total fees relating to this abandoned purchase. I have already paid half of that £500 in a down payment at the start so I still owe £250. I completely understand I owe the…
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What to do with former main home?
Hi, I was hoping some of you clever folks might be able to help me. I bought new home in Jan 2020 and kept my old home and rented it out since then. Approx 5-6% gross yield. My dilemma is that as new home was deemed second residence, I ended up paying the additional SDLT of approx £8k which I would like to try claim back…
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Completion Date passed but nothing happened?
Hi guys, I wanted to ask what are my rights if the completion date has passed but nothing has happened from the seller side? Is it possible for me to cancel the contract and get all my money and legal fees paid back?
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Conservatory added as extension to house
We are looking to buy a house that has a conservatory added. A home buyers survey has pointed out that there is no door between the main house and the conservatory- ie effectively the conservatory becomes an extension to the house and becomes subject to building reg. what would be prudent thing to do in this case. Our…
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Shared ownership help
Hi I am buying a shared ownership property, I am single and wondering what happens if I was to die, would the rent payments be automatically passed onto my parents as my next of kin? I believe there is no point of getting life insurance as I have no children is this correct? Is there any policy I can take out to stop my…
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Sole to joint tenancy help
*please if you can’t say anything helpful then please don’t comment on this post*Genuine help needed please! I am an assured tenant with a local housing association with a sole tenancy. I met my now husband 4 years ago and he moved in with me in the middle of 2021 (we was not married then), we rang to notify the housing…
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Rolling tenancy notice
I’m on a rolling tenancy and have been for over a year. I am finally able to move out away from me constantly complaining about a neighbour smoking cannabis. I need to give a months notice but can I do that from today?
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Lease extension technicality - do I have any grounds to ask the sellers to pay additional legal fees
Hello all, Development in place I am in process of buying.. The seller is the freeholder, selling a maisonette within the terraced house. On viewing the property / putting in my offer it was made clear to me that the current lease was 95 years and they were extending the lease by another 90. I asked them to clarify this in…
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Mortgage valuer states the property is "not suitable security".
Good afternoon all, Seeking advice on the following situation. As per the subject title, a mortgage valuer (used by Nationwide) states the property is "not suitable security" as it's "adjacent to a takeaway/commercial premises". There's a restaurant, a hair salon/supply store, a kebab, and a laundromat next to the property…
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Is the property ladder now a myth?
We currently live in a 4 bed semi-detached house in South East London which we bought as a 3 bed in 2014 for £290k. It was valued last year as part of a remortgage at £560k, which seems like madness to me. The house has about 120m2 of internal space and with two kids and a dog is feeling quite tight. Aside from the main…
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Reclaiming Ground Rent
After some advice / opinions if possible regarding an issue that has come up following my daughters purchase of a flat. Turns out that in the mad rush to complete on the property (got the keys two days before she went on a six month deployment) the matter of the outstanding ground rent from the previous owner was…
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Water Rates In Service Charge
I live in a block of 16 custom built flats. Owing to a rather large increase in our service charge this year, for the first time I took a long look at the itemised bill, and one of the things was water rates. I know what water rates are, however I am on a water meter, which includes sewerage costs. I'm not aware of any…
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Ground rent increase
Morning! I'm looking for some advice if that's OK. The lease extension for the flat I am buying has ground rent of £150, increasing every 15 years and the increase is calculated using RPI (no doubling factors or anything, just the RPI increase). The freeholder would not allow a clause of to prevent me going above £250 and…
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Desperate wannabe FTBs- any advice?
Hi all, happy new year! Just wanted to ask your opinion on our situation. My partner and I have been looking to buy a house for about a year now, no luck so far. We both have stable income and secure jobs, about £50k deposit (started with £27k last year) and have been looking for 2/3 bed around £250-300k in the wider…
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New Build - Settlement cracks after a year - should be covered under snagging?
I'm hoping for some help on what my rights are and what I can reasonably argue about concerning the settlement cracks in the bathroom in my new build house. We've been in it for just over a year and originally reported the issue within 2 months of being here, essentially the gap between the wall and the floor is widening…
