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Build Over Insurance
Hi. I'm selling my Mothers house. In 1975 my Father built an extension that was built over his private drain. This was allowed at that time. In the early 80's there was a new build next door that joined onto his private drain, at that point it became a public drain. In 2011 the water boards took ownership of all public…
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Escalating ground rent - would you buy?
Hello everyone, I am a first time buyer and am in the process of buying a 1-bed flat in London. my solicitor pointed out that the lease contract contains escalating ground rent provision as follows: * £250 per annum until 2038 * £500 per annum until 2063 * £1000 per annum until 2088 * £2000 per annum until 2113 *…
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Flat without planning permissions
Hi all, I have a housing issue I hope someone can help me with/have maybe had experience of/point me in the right direction: I broke my Assured Short-term 1-year Tenancy contract with my landlord after a few months due to difficulties in receiving deliveries. I later discovered and received confirmation from the Council…
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Selling after 4 months
Does anyone know if I can sell my flat after 4 months from land registry date on 24 september 2022 as normal for people needing mortgages? It was bought outright but I have pet health issues and need to move somewhere with a garden as soon as possible. From what I can google many places state buyers will be unable to…
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Help! switch to BTL or sell up?!
Hi all, thanks in advance to anyone who can offer some well-needed advice on the below. Background: My partner and I are currently in the process of buying a house together, after having lived in my flat for a number of years. As part of buying the new property, I had initially decided to also keep hold of my flat -…
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FTB in a chain with no movement.
I am a first time buyer currently in a chain. Our vendor has found a property and their vendor has also found somewhere but the vendor of the last house is still looking. Our agent isn't making any effort to keep us posted, the last we heard when we call about a week ago was that the vendors at the top of the chain were…
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House Restrictions preventing me purchasing a property
Good Morning All, About 8 years ago my parents decided they no longer wanted to continue with the mortgage on the family home and moved to a rental property. I didn't want to see the house be resold or repossessed so decided to take it over. Foolishly I spent around 20k doing the house up and continued paying the mortgage…
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Buying Out Sibling from Inherited House - Questions
Hi My wife and her sister have inherited 50% of their grandparents house each. Probate is currently going through at the moment so the house belongs to the 'estate' until presumably they change the ownership once probate comes through. House valued at £400k for probate. My wife and I want to buy the house to live in so we…
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Cleared ESW1 form…but still have to replace cladding
Hi everyone, I have a situation and I really can’t find any similar situation online or advice about it. I live in a flat and we had the cladding inspected last year. The ESW1 form came back with a B1 rating (no remedial works needed) and we thought that was the end of it. However the buildings insurance came up for…
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Hertfordshire vs Buckinghamshire!?!
I need your help please. We've been house hunting for two years. With inflation and house prices going through the roof we perhaps need to narrow down and just go for it. It's been so difficult to find anything we like. We found a lovely house in (the wrong place) Aylesbury -traffic was horrid. Haddenham is nicer but…
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First time landlord - any help is greatly appreciated
So, in the coming weeks I’ll be having my late Gran’s house signed over to me as all bar £5k from her savings has been left to me. It has been 5 months since my Gran passed and, as we’d hoped that things would be sorted by now (uncontested will but the original solicitor was, well, very slow so it was passed internally to…
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Mortgage valuation question
Hey all, We have a valuation booked soon and until I hear back from that, I'm not sure what to expect. We offered 5k over the asking price. A slightly better house was sold 12 months ago at the same asking price. However as we all know, prices have shot up since then and Zoopla currently estimates the other house as 25k…
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Interested in a unoccupied house
Hi and evening all I am wondering if anyone can provide any guidance. Me and my partner have seen a house opposite her dads house and the house has been unoccupied for nearly 3 years, previous to that the owner rented out the house and since the tenant moved out the house has been left empty. No one comes to the house to…
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Using credit card
Hi everyone we exchanged contracts on 20th. We are completing on the 4th. We're renovating the bathroom before moving in and due to needing to leave rented accommodation we have to get cracking day one. No time for champagne 😂 The only debt we have is £250 on a credit card. I know we shouldn't apply for another one or…
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Let to buy - wondering how it works in practice.
Hello, I am considering moving house to something with more space, but before I do, I’d like to explore
options for making our money work better for us. I came across let to buy and
wonder how it works. If anyone could give some
advice, that would be great (even if it is just a ‘don’t do it!’) Our home is worth around…
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Lodger lied during application, outcome on page 29...!
Afternoon all, I took in a new lodger a little over 2 weeks ago. He come to view the room and was pretty upfront about not being able to pass a credit check. I asked why and he explained it was due to a marriage and joint debt's that ended in 2017 and he's got some default's but nothing recent. I also stated that because…
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Roof repair when buying a flat
My friend is currently buying a flat and the legal work has identified that there will be major roof repair work scheduled for 2025, and the flat he is buying has been allocated an estimated cost of £1,788. There is no sinking fund in the service charge so he will need to pay this as major works. Any advice on whether you…
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Helping hands mortgage - Nationwide
Has anyone taken this out? Was it quite straightforward? Considering this to break the chain on my sale, and seems the only option to get 5.5x salary to be able to do it. Does anyone know of any other lenders who do 5.5x borrowing?
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Part Exchange New Build Price
Hello, We are thinking of buying a new build and considering part exchanging my current house. However, I’m aware that companies often try to devalue your house in this process. My current house is worth £140,000-145,000. The new build we’d look to purchase is £260,000. Around a 54% difference. Even with this high…
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Struggling to get back on the property ladder…
Hi, Is there sort good period when mortgage lender consider lending again. 36 and back my mothers and space is tight having my teenage daughters every weekend.. cut along story short. Finally got divorced in feb last year and the former family home was sold in September 2021. With equity to clear mortgage and restart a…
