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Flat with tenants
Hi, Need some advice...basically we saw a really nice flat on the weekend which has tenants in place until end of July. I asked the estate agents whether the tenants would definitely be leaving by then as I know of other properties where the tenants refused to leave. The agent said that their company placed these tenants…
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Property price renegotiation after offer has been accepted...
Hi All, my offer has been accepted and mortgage approved on a flat in London. I'm having second thoughts about the area and also the price as it looks I am overpaying. Can I renegotiate the price at this point? I've decided to a have a level 2 RICS survey and valuation carried out to give me a leg to stand on...
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Vendor is buying a new build- long stop date
So our vendor is buying a new build. He will need to exchange way in advance so we will be wanting a long stop date in our sale so that our mortgage doesn't expire. However, if the long stop date does come around can we have it written that we complete on their house (so that he has to move in with friends for example)…
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could I ask someone in the seller EA office to act as witness on signing the property document
Hi I don't know many ppl in my town. I wonder if I could ask someone in the seller EA office to act as witness on signing the property document? Or do I need to travel to solicitor office? J
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New build insist on completion date
I have reserved a new build. The sales manager has told me this will be ready September but after receiving my contract it says completion in notice. Can I insist on a longstop date? Also I am using the help to buy equity loan and have read on the government website that we have to legally complete 6 months after exchange…
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My parents downsizing dilemma..
Hi...I'm just seeing if this a viable option for our family. I'm looking at possibly buying my parents house. So, I'm in my 40s as is my sister, with or own families and mortgages. We are looking alfor some advice. The house we grew up in, as well as in a state of disrepair, to which we can't afford to fix is also much to…
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Regularisation Certificate
I received responses to some enquiries yesterday that I am hoping someone can give me some advice. The vendor has knocked down an extension and rebuilt it, taking out a wall to open it up into the rebuilt extension. This has been rebuilt in the past two years. The vendor believes they would not have needed any building…
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I want to start saving for mortgage / buy first house... where do I start
Hello, So I have read through the initial post house buying post. I have a vague idea of the areas I would like to live / ideas of current house prices. I just want to make a plan so my partner and I can look at buying in the next five years (or as soon as we can save the money) I have a lifetime isa with £1700 so far. I…
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Lease purchase issue advice
Hi AllI posted recently about and issue with the lease of a flat i want to buy. My solicitor claims the definition printed on the lease for the top flat i want to buy is ambiguous and can be interpreted as both the top and bottom flat. The lease for the top and bottom flat are identical in wording however the defination…
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Should I keep looking for my forever home?
Took early retirement and divorced a couple of years ago and sold house in North London at the end of March. Currently renting a lovely 1970s huge 2bed 2bath flat (total floor area of nearly 950 sq feet) for 12 months in a beautiful part of Hertfordshire to make my base while looking for my forever home in surrounding…
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House buying dilemma - criticize my thinking please.
Hey lovely MSEs forumites! I’m a loyal reader of this community but post quite rarely. I’ve done some sort of analysis recently and wanted to share my views and computations and ask for your piece of advice. Many thanks for reading and apologies for a long post, any sort of piece of advice will be much appreciated.…
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Probate nightmare!
I'm hoping someone can help me, So basically my father in law sadly passed away last August, and it's been down to myself and my husband to sort out his estate. We were told probate would take around 8 weeks possibly double that because of backlogs. So we didnt put his house on the market straight away, we waited but then…
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Private renting - Landlord evaluating property value - why?
Hi Guys, I am just trying to quell some nerves I have surrounding a move my landlord has made recently. He had the 2 bed flat I have been renting from him since December 2018 re-evaluated in Jan 2022 (he told the estate agents that he was not 'selling' the property) and I have not heard from him since. I am on a monthly…
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New build completion
Hi all. any have experience with new build completion dates? our new build now has a roof on it, we have been given the vague estimate of end of June, our mortgage offer runs out on the 30th June 🤦♀️🤦♀️😳 apparently things are looking good, materials are in constant supply, no delays and developer seems confident the date…
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Capital gains tax on sale of former home and land
Hi I am considering selling my former home which I have owned since 1984 and has been let out for rent since 2016 along with some nearby land which I was left after my parents passing in 2005 . I paid £14,500 for the house and it is now valued with the land at £300.000. I have had many (horror) tales of the tax I would…
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“No upward chain” meaning?
I am a FTB looking to purchase a house and it says no upward chain, what does it mean please? Would it be possible to speed up things in this case?
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Seller already found a place
Hi A quick one, my understanding is that sellers can only have offer accepted on a new property if their own property is sold. Agent says seller has already found a place. Does this mean that the property has been relisted? or a previous buyer pulled out? Thanks
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Lawyer specialising in problem leasehold properties
Hi, can anyone recommend a lawyer to help us with our Leasehold flat? We are having trouble selling, it seems there is a loophole which wasn't an issue 4 years ago when we bought it but is now causing issues with many lenders. Partly lease length and partly the cost. The lender wants a deed of variation but our landlord…
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Ground rent ban on leasehold properties
The government announced yesterday that there will be a ban on ground rent on leasehold properties sold from July onwards. Unfortunately we are looking to move by end of July so cannot hold off buying now...do you think demand on these leasehold properties will reduce a bit? As some people who are able to wait may wait…
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Getting additional surveys done when buying question
Hi all, New to the forum and currently in the process of buying my first house (70's brick bungalow). The building survey came back with some cracking of front and back walls with the suggestion of faulty drainage: " There is cracking to the lower wall that is likely to be caused by faulty drainage. A specialist drainage…
