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Where to find temporary rental accommodation between sale and purchase?
We have our property on the market in Oxfordshire and are looking to purchase in the north/borders. We've had some unusual bad luck and have had a couple of sales fall through. We have decided that the only thing we can do now is to move closer to our target area and rent. As we are mortgage free that would put us as cash…
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Leasehold 0.5% exit fee PER YEAR
Buying a leasehold and I can see a clause on the contract - upon selling you will pay 0.5% of the market value per year to the landlord. I imagine - for example if the property sells at £200,000 in 20 yrs time this would be a payment of £20,000 to the landlord as a conservative estimate. How usual / unusual is this -…
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Am I mad? Or is the solicitor?
I have a complaint against a solicitor: here is the summary. Is it acceptable for a solicitor to offer no legal advice on the perils and pitfalls on buying a property:* with no title guarantee, * with charges on the property from the High Court and the Official Receiver, * a bankrupt couple identified as the proprietors of…
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Listed building and windows
Sorry I'll have loads of questions the coming weeks. Viewed a grade 2 listed house today, lovely inside, but I was pleased with myself for noticing that it was the only house in the terrace with double glazing which rang alarm bells. We asked the estate agent, who said I'm sure they are fine... though this was after saying…
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Missing information prior to house purchase
I bought my house in 2018. This year I sold it only for the buyer to pull out because of a restrictive Deed of Covenant which has been in place since 1973. I was unaware of this Deed and approached the Solicitors who acted for me in 2018 to ask why. They said a letter was sent telling me about the Deed and asking if I had…
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Opinion: Fleecehold as a high risk investment?
Dear all, Like many others on this forum, I discovered late in the buying process that the property I’m purchasing is a fleecehold—a freehold with ongoing estate charges. I’m now at a crossroads, trying to decide whether to proceed or pull out. I’ve read through many of the discussions here, which have been incredibly…
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Using Shares portfolio to get a better mortgage deal
Hello All, I have a question related to mortgages. Currently, I am looking into buying my first house. I have a shares portfolio which provides around £7K of dividends a year, with a value of £160K (Both ISA a nd non-ISA). My intention is not to sell it, but to use it to get a better deal for the mortgage. Is this…
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Lease Enquiry
Hello! Sorry, I am a huge over thinker and am stressed a little bit haha. I’ve just received a copy of the lease for a leasehold property I will be purchasing. I am a bit unsure of the statement that I have attached with this post. Does the clause state that I’m not permitted to have a lodger despite it being a single…
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ISAs
I've got an ISA with about £24000 which matures in about a month. Shortly after that time I expect to receive another£10-£20000 which I want to invest keeping it ideally in cash ISA form Can anyone suggest the best way of doing this. I'm afraid I'm always a bit confused by the £20000 annual limit. Thanks for any advice
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Renting and housing benefit
Hi! Ive never claimed universal credit before but ive just lost my job. I received a small severance which has dwindled already. Im struggling to find a job now as i used to work in another city. i live in a tiny flat with my 7 year old son as a single mum and I own the flat. We HAVE to move. We have NO space (1 bed) and…
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Joint ownership - how to apportion
I'm buying a property with my partner of 2 years. At present he rents and I am selling my house. We earn roughly the same. We have had an offer accepted on a house for £435k and will have approximately £260k deposit from the sale of my house. We've had a mortgage approved for £200k. Once we move in we will be splitting the…
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Conveyancers asking for BOTH a SOT and idemnity for EVERY query - is this the new standard?
Or am I just unlucky? I doubt it helps for every single query, well it's rather for every query that they want to ask for an indemnity on, I'm seeing the same things coming up from previous buyers wherein they only asked for an indemnity. In fact I had never seen a statement of truth request before. Conveyancers all have a…
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CGT
hi, my mum will be moving in to a residential care home funded by the sell of her house, will she need to pay CGT on the funds from the sell? she could be in the home for up to 10 years and these funds need to last. thanks
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Mortgage Exit, solutions?
Hello All, Ive got a situation I would like some advice about. My partner bought a house 3 years ago with a friend of them, they got a 5 year fix mortgage, which is due to end in June 2027. My partner and myself would like to buy a house together to move there, below are the options I have in mind: -Option 1: She sells the…
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Owning two retirement flats
My mother bought a flat in a serviced retirement facility last year, but she wants to move. It will take a long time to sell, but she has just enough savings to buy another retirement flat in another town. We've talked through the issues like paying two sets of service fees, and leaving a property empty, and having no…
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Transfer of Equity Early Repayment Charge
Hi all. I am recently married and I have just sold my home and transferring the equity into my wife’s home. I'm currently going down the legal process and the bank is happy for me to go on the mortgage of my wife. I am putting in a lump sum to pay the mortgage down. The question is on ERCs. We are staying in the same fixed…
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Alloa or Falkirk to buy a house?
Hi everyone, I’m in the middle of house-hunting and one of the areas within my budget is the west side of Alloa. To be honest, I’m feeling quite anxious about it because when I search online, I keep finding very mixed opinions. Some people say to stay away, while others talk about friendly neighbours and the nice…
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Ownership of land
Hi.Could you please advise?We have an ltd company together with my husband. He owns 510 shares and I own 490shares.He bought a piece of land with company money without my knowledge and now he claims I don't have any rights to this piece of land.Is he right?Was he able to buy this land without my consent?Thank you
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Boundary issue
Hello, we received an offer on our house and accepted it. We are now roughly half way through the whole process and our buyers are questioning the boundaries of the property. We live on a new build estate which means we don't own the front and side of our house - we pay a service charge for this. The estate agents knew…
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Staircasing seller failed to update land registry help
Vendor has failed to update land registry after staircasing from 50% to 100% - so now I am as a buyer waiting for them to update this before moving forwards - how long is this expected to take - other side of Christmas? England
