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Cash buyers onky
Saw a flat am interested Cash buyers only? Is there a catch I should be aware. The lease is 999 yrs. Thanks
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Transfer of title deeds
Hi My mother recently passed away. Probate has been granted. I am after advice on how to transfer the deeds of the house into my name. I would like to do this myself. I kind of regret not doing probate as no inheritance tax was involved, the solicitor only asked a few questions and was granted in about 4 weeks. Could have…
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land registry - transfer of land ownership
Have been notified by Land Registry that someone wishes to claim ownership of a plot of land I own which is in rural currently unbuilt location. I'm happy to sell land to him for reasonable price (though no idea what that would be). Solicitors have suggested this process could cost me £5,000 upwards. Is this reasonable? In…
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Advice on offering on a property
Hi all, After living in our property for 6 years, we've started looking for our "forever home", and we think we've found it! Looking for advice on how to go about offering and to double-check our reasoning. When we did this 6 years ago, we were FTBs who didn't know any better, offered asking price and got accepted... so no…
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Moving House and Mortgage Queries
Hi, How do people move so often? We have moved from a 2 bed semi detached home after 5 years to a 4 bed detached (longer term home). Majority of our savings (we are both 29) went into this home. It was the ceiling of our budget. How do people move without having to increase their mortgage term and having to save a lot of…
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Shared Ownership Lease Extension
Lease extension Has anyone recently extended their lease? Some online calculators sent me in to panic. Current remaining lease 85 years. 50% value £145,000Ground rent on 50% £825 per annumHA fees: £1375 (inc valuation and solicitors fees)Anyone could share what was the cost involved if you were in similar position?
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Cash buyer - Timber Cladding
Hi everyone, I am buying a flat with cash (so no mortage required and no bank evaluation needed). The flat is am buying is a leasehold in a 3 storey building. The building has some minimal timber cladding (I have attached a picture of the building): I am worried that the building has some timber cladding and the impact…
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Homebuyers Level 2 survey - opinion
Hi, I have conducted a Homebuyers level 2 survey on a flat i am intending to buy and this came up there as something which requires immediate attention. What's your view on it? Is it something of concern? The first oor is formed in timber. Where visible, the floors have carpeted, vinyl sheet, vinyl tile and timber…
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Opinions on buying a Flat (FTB)
Hi everyone, I am a First Time Buyer in the process of buying a leasehold flat in a 3 storey building. I am still waiting for all the searches and documents to be provided to me. However, I have noticed in the Fire Risk Assessment that the overall rating is Moderate (Moderate Harm and Medium Likelihood) which makes me…
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Different completion dates within same chain
Trying to Google and not getting a clear answer. Due to solicitor mess ups our exchange date has been missed. Chain as follows 1. FTB 2. Our Buyers 3. Us 4. Our sellers 5. Empty house Basically we're in a situation where 1 and 4 can't agree on a date and neither budging. As a back up we could break the chain if needs be…
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Interest on off plan deposit
I'm looking for some advice please. I invested in an off plan property in November 2022. I put down £34000 using equity I had in my previous property. My block was meant to be finished around March of this year and but it was delayed because of planning around a cable that needs lowering. They have been saying first…
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Land registry title and visitor parking
Hi, I have lived in my property 9yrs now. Outside my window is a parking space. On the land registry title it’s marked as a visitor space and says I have access rights to park there. However, next door is rented out and the landlord of that property always advertises with 2 spaces telling them that visitor space is theirs.…
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Building Insurance - The bank must be named as a co-insured and first loss payee
Hi All My Solicitor has advised the following: You must obtain buildings insurance for the property for the minimum sum of
£400,000.00. The bank must be named as a co-insured and first loss payee. As
the insurance will be arranged by you, please obtain quotes at this stage. We
will inform you when to place the insurance at…
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Legal costs for changing a 'commercial' building to a residential one
First off, forgive me if I'm very naive on this topic, but I've seen a property I really like which was up until recently, being used as offices. It's basically an old Victorian house which someone could move into and live in, the only thing I'd really have to do with it is get a shower/bath put in, as there are only WC's…
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land registry
I bought my house as a new build in 1985.It is not on the land registry. We have no plans to sell at the moment. Is it worth all the hassle and cost to get it registered. Any comments will be welcome.
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Offer accepted.
Hi everyone. Long time since I’ve sold a house, so hopefully a quick one. I’ve accepted an offer on my house a couple of days ago which is going through proof of funds/ aml checks etc. I have seen a house I would like to offer on, can I offer or do I have to wait for mine to be SSTC and memo of sale issued? Thank you 😊
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Leasehold Purchase advice when Freeholder doesn't respond
I would be grateful for a bit of help in respect of the issue of trying to contact the freeholder to request information on the process/ cost of purchase of the freehold. The issue relates to a buy to let property which has a 66yr (from 99) lease left on it. There is an annual £50 ground rent which is collected by a…
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999 year Leasehold apartment with 16% share of freehold held in Ltd Co.
Any advice welcome. We have owned this property for approaching 20 years. The owners have collectively managed the company successfully. More recently two owners who are Directors of the company owning the freehold have been trying to take shared responsibility away from other owners. It has come to light that during the…
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buying a house-level 3 survey or structural engineer?
Hi everyone, I am feeling really confused about the sort of survey that I need for the house I am buying. The house needs a lot of work and some renovation has already been done but with very shoddy workmanship in places. My worry is that the renovation is structurally unsound. What has happened with some of the renovation…
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Stamp Duty Land Tax (SDLT) vs Hopeful First Time Buyer with some 'investment shares' in properties
Hi everyone. I don't know if anyone has come across the below situation recently: 1. Having invested a rather small amount (£5k) in Property Partner (now called London House Exchange), a UK vehicle/company allowing you to effectively own shares in residential and other type of properties around the UK, receive dividends…