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Capital Gains Tax on a property that we could not sell
Hello In the mid 80s my father signed over his house to us. It is registered in our name. However, to protect him his solicitor drew up a registered lease with a peppercorn ground rent for 50 years or until his death. He passed away a couple of weeks ago. As we could have never sold the house until he passed is Capital…
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Mortgage hostage
We bought when rates high and now are a mortgage hostage as prices have dipped and in negative equity- what can we do - on an interest only mortgage with 10 yrs left - Help
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Dishonourable, but legal.
Just a wee rant, really.A bungalow went on the market here around 6 months ago. We drive past it most days, and mil even went to have a viewing; nice, but too close to a main road's noise level for her.Anyhoo, it soon went under offer. And shortly after that was back on the market. Then 'sold' again. And available. And…
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should put house back on market?
hello. in process of selling a house but it seems to be stalling a bit. everything is in place between the solicitors where contracts are ready. buyer was also quite proactive too at this stage. all that appears to remain is the buyers mortgage, which is still not in place. the estate agents have been chasing the buyer and…
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Share of freehold building insurance?
Hi guys, For our limited company share-of-freehold setup, we have a Victorian mid-terraced house converted into two flats, for which I am the owner-occupier of one and the landlord above us lets his out. Does anyone know of any site/supermarket I can use to get a quote on buildings insurance? The usual Comparethemarket and…
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Facing multiple issues with nightmare letting agent
We are experiencing problems with our letting agent and would like some advice on how to resolve this in the right way. A bit of a background: My mother owns two tenanted properties that they manage and have been managing since 2017. They rebranded to a different name a few years ago and service was tolerable but not as…
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Can a boiler pass a gas safety check, but not work?
After months of delays, the vendors finally allowed me to book a boiler service. Just today, the estate agent emailed a document saying the vendors carried out one 2 months ago so I shouldn't need a service. It turns out it's a gas safety certificate for the boiler, not a service report.
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Husband and wife SDLT help needed please
Hi all thanks in advance for all help I am buying 2 buy to let houses from my wife at a slightly discounted price of £300k and £290k respectively. I own our main residence outright If it makes any difference the true value of each is £370k and £340k respectively. The conveyancers recommended by the mortgage broker insist…
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Land Registry
Hi, I'm hoping someone maybe able to help me with my concern please? I completed on my house purchase on 19 November 2021, and here we are 4 months down the road my property is yet to be registered. I understand and appreciate that Land Registry have a backlog due to Covid and the Stamp Duty Holiday. However, my concern is…
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Stamp Duty Surcharge when Separated
I am married, but separated, and am now int he process of buying my own house. As my husband owns a property I have to pay a stamp duty surcharge of 3%. Does anyone know if this is still the case even though we are separated, and if it is dependant on the length of time we have been separated? I have no ownership over my…
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Withdrawing of the Section 21 Notice - need advice
Thanks in advance for your advise. My landlord has served us with section 21 to vacate his property, using the 2 months break clause on our AST. Now, 1 month later, he’s saying that he’s withdrawing the Section 21 Notice. We don’t want to stay as in the meantime we’ve also found a new property etc - are we forced to stay…
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Can EA use my buyers house survey after I withdraw offer?
Following a full house survey we decided to pull out of a house purchase as there was considerable remedial work needed on damp issues amongst others (200yr old house). The vendor refused to budge a penny on price so we had to realistically withdraw. The house has now been relisted 2 days later, saying a full survey is…
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Completion Delay - Won't pay costs
Hello, I'm just looking for some next steps advice if possible please. I sold my property six weeks ago but we failed to complete on time as my buyer did not send funds in time to complete at the time stipulated in our contracts. In accordance with our contract. I had packed and vacated the property on time and all of my…
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Legal fees incurred for chasing service charge arrears - help needed please
HI all, apologies if this is not the right forum in which to post this, I couldn't see a section for legal advice so hoping someone on here can help. I am a leaseholder of a flat and have received a solicitors letter (from what looks like the debt collection arm of a solicitors firm), requesting payment from me in…
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Waiting on offer acceptance thread!!
Waiting on an offer acceptance - absolutely agonising! What’s the longest you’ve ever waited? Have you got any horror stories?
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Can I use rent a room scheme?
I own a property and let a family member live there, however I live elsewhere with my parents. The family member pays for utilities and mortgage, but I don't charge any extra rent. If I was to start charging some rent would I qualify to use the rent a room scheme if I don't use the property as my main residence?
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New Build - Heating Not Working
Ive moved into a new build (completed less than two years ago). Ive now been here for approximately two weeks and since I’ve moved in, the heating hasn’t been working. The system used is GURU HUB. Firstly, I wasn’t informed it is a ‘prepaid top under meter’. I was then trying to figure out how to get heating/how the…
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Title plan - any potential problems with "Communal Vehicular Access"?
* The green areas are owned by the neighbours but are part of the "Communal Vehicular Access". * The yellow area is owned by the property but is part of the "Communal Vehicular Access". * Any costs associated to repairs/maintenance required to the yellow and green areas are to be shared by the 4 houses. On the plans each…
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Will the mortgage arrangement fee be lost if the sale doesn't complete?
Hi, if I choose to add the arrangement fee to the loan and the mortgage doesn't complete for whatever reason, will I have to pay the fee to the lender? Thanks.
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Interest in the property, declaration of trust, sole owner living with partner
I need some advice. I am in the process of buying a property. I will be the sole owner, only my name on the deeds, mortgage, my deposit etc. My girlfriend will be living in the property and I am happy to her to contribute to the mortgage payments, this means she will have an 'interest in the property'. What do I need to…
