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Landlord leasehold about to expire - what happens to tenant?
Hi, I'm a long term tenant in a leasehold flat paying rent to a landlord who owns the lease title. The leasehold expires in a few years and the landlord is considering his options: 1) return title to freeholder but they are not interested in managing it because there is no profit in it for such a short duration. (I think…
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Would buyers solicitor pay our extra costs
Our buyer needs to complete before 11th December. We agreed on 10th. We still haven't exchanged contracts as buyers solicitor has gone on leave & not told her replacement of the date As we booked & paid for removals company, if we postpone it will be another £850. Chances of getting this paid by from buyers solicitor??????…
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Retraction
On 13 April 2010, I published a post on this forum which made reference to my experience as a tenant of Mr Sunil Dhown in a property managed by IRD Homes. I have recently been contacted by Mr Dhown, who has made it clear that the publication of both the details of my experience and my opinion of the approach taken by IRD…
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Stick or Change Estate agent
I am looking to put my property back on the market after the holidays. I am wondering whether I need to change agent. I asked as I have been with my current agent for over six months and had a handful of viewers. I spoke with my agent about how they intend to sell my property. I was nothing needs to change apart from…
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Buying without selling home
Hi I am ready to put my home on the market in January but made the mistake of viewing a property which I love. The seller has had other viewings with people in the same position as me, house not sold yet. I am mortgage free. It could be possible for me to scrape together the cash (from savings and family) to buy without…
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Being chased for a statute-barred debt by Property Debt Collection Ltd for Moreland / MW Freeholds
Hi all Hope this is in the right part of the forum. I bought a BTL flat in Cornwall in 2009 and, along with the
other leaseholders, exercised our Right To Manage (RTM) in 2014. I have
duly continued paying the ground rent yearly to the freeholders MW
Freeholds, however their in-house management co…
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Extending a lease
Hello Everyone and Happy Christmas, Does anyone have recent experience of extending a lease in London. My flat is Ex-Local Authority in North London - 2 beds. The lease is 88 years. I was selling it but it looks like the sale has fallen through and one of the reasons sited is due to the short lease. I am thinking I should…
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Shared ownership - staircasing from 50%>80%>100%
Hello, I am looking for experiences with staircasing in two steps to reduce stamp duty. I currently own 50% of a flat in London and am planning to increase my share to 80%, then immediately staircase to 100%. I paid 0 SDLT when I completed the initial 50% purchase. As far as I understand, only the transaction that takes me…
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LL trying to raise rents again
Our LL has informed us in writing they want to raise the rents again. I can’t believe it we have just been through such an unpleasant time disagreeing about the last attempt to raise rents. they lost and are now trying again. we have told the LL we will take it tribunal if they try again to raise the rents but they won’t…
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Found property I like Estate agent wants 5000 deposit to put in an offer ???
I have sold my home completes next week and have found one I like. The estate agent will not pass my offer on unless I pay a non refundable 5000 deposit. Only refund is if survey condems house. What is this? is this a new thing? they are a fast sell/cash estate agent. Help suggestions please
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New Build flat, Completion date no keys
I am a bit confused regarding to the definition of a completion date. What I gathered is when full payment made and keys are handed over. On my completion date, no keys are handed over until 2 months later. Yet I made a full cash payment. I am getting charge for bill like service charges, electric, water and council tax…
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Selling privately, how did you handle it?
Hey all. Has anyone here sold a property privately (no estate agent)? I’m trying to understand what it’s actually like. If you’ve done it or tried and gave up. * What was the biggest pain? (time-wasters, scams, viewings, negotiation, paperwork, etc.) * Did buyers seem to trust it, or were they wary because it wasn’t via an…
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Online Conveyancing? Pros/Cons
I'm sure this has been asked many times before. So I set about googling this subject, pro's vs cons etc and havent got a clear answer. Since we are a bit fed up with our previous solicitor we are seriously considering using an online conveyancer. the lack of personal contact doesnt particularly bother us as its not that we…
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Leasehold property - landlord trying to sell Freehold
I've lived in my terraced house 30yrs and have just paid off the mortgage. I have received a letter from a legal company stating the 'landlord wants to sell the freehold, at such an amount. I don't want to buy the leasehold. With legal fees etc its not worth it to me, the leashold has 800years left. Any advice for me,…
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Home insurance for renovations
We're looking to buy a house soon that will require around 9 months of building work (extension/renovations) while we aren't living in it. I'm looking for advice of what cover we need and which providers to try. I think there might end up being a 2 month period between exchange and completion, followed by another month…
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LNPG Account
Hi everyone, Does anyone here use an LNPG account? I’m considering opening one for my rental property. I’m planning to get the kitchen done and noticed they offer good discounts with suppliers like Magnet. I’d really appreciate any feedback or experiences. Thanks!
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Landlords - are you selling up or will do when your tenants leave?
As above. Also is you don't mind, just say what area of UK you live in to give it greater context. Will you, have you put up rents this year and if so by what percentage and was the amount less than last year/etc. These new rules which 101% favour the tenants, when do you expect them to become the law. In my view, it may…
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Claiming the £7500 Rent a Room Allowance
Can anyone tell me where I can find it on the HMRC Self Assessment form? Thanks.
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Remortgage + consent to let with Halifax - term length question
Hello everyone, My current Halifax mortgage product ends in February, and I have a 10 year fixed rate locked in, for a 26-year mortgage with around £295k remaining (around 70% LTV). There is a possibility that I might move country next year, and I’d like to keep the flat to rent it out if I do move. I had been planning on…
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Renting London Checks
Hey! I'm looking to rent in London (just me), however the affordability computer system landlords use aren't helping! I'm self employed own two businesses. Both combined take in around £160k a year. I have excellent character references, and around £20k in personal savings. Excellent credit scores 999/999 on one of them!…
