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Rightmove statistics
Hello, Listed my property Tuesday evening. It’s a house in the South East in an attractive historic town commutable to London. Despite being touted as a popular place to live, I have watched Rightmove over the last year and feel the housing market is very slow, with many houses sitting around and getting reduced. i got…
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Change the registered owner name
Hello! I and my sibling names are on the property deed and I would like take my name of the deed. So basically my sibling would own the property by herself. There is still a mortgage on the property. Would there be any CGT? Who will be responsible for the CGT? My sibling would be responsible for the mortgage. There is no…
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Affordable housing
So I used a scheme to purchase my first house called Discount of value market. However it is classed as affordable housing, why is this? Does this mean it’s council? Even tho I have a full mortgage on it Or is it simple because it’s a government scheme
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Stamp Duty questions
I wanted to ask some advice around potential stamp duty payments. Scenario: In Dec 2019 I purchased a house with my sister for £212,000 which is now fully paid off and we now own the house mortgage free. At the time we were both first time buyers. My sister lives there as her main residence and has done since we purchased…
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On deeds for parents' house - examples of SLDT problems
Not me - but an example of the problems that can arise here on another forum... https://www.mumsnet.com/talk/am_i_being_unreasonable/5198964-to-ask-seller-to-reduce-asking-price-due-to-stamp-duty-increase?page=1 Loads of incorrect advice being given there. Someone should tell the OP to register and post here!
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Renting with bad credit
I'm in a bit of a pickle, and after hours on conflicting information that can be found on the internet, I thought I will just ask about it here. I am about to start looking for a flat by myself but my credit score is not the greatest. It was in the fair range up until Friday when a second default for a debt that already…
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Moving Out - What to do about holes?
I have part ex'd my current property to a developer and they are yet to sell it, I will be moving into my new property in 2 weeks. What should i do about the holes in the wall where TV brackets/shelves pictures etc.. once were hanging. I'm on the side of the fence where i just leave them rather than make good but being…
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Cancellation within 14 days and selling privately to a friend
We signed a contract less than 14 days ago with an estate agent who are selling a house that we’d like to buy, but we needed a buyer to proceed. They have not done anything for us really and we were hoping that by going with them they would speed up the potential process as it would result in two house sales rather than…
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Septic tank (shared) upgrade - what would you do?
Hi all, I have belatedly learnt about septic tank regs - I should have known about them when I bought my house in 2021, but my solicitor didn’t flag up any potentially illegal water discharge (my survey did suggest a septic tank specialist survey, which I didn’t do, silly me!). I am surprised by this, as I thought that’s…
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stamp duty increase
me and my partner exchanged contracts on the 18th October and complete on the 4th november. My partner has two rental properties already. As we have exchanged on the 18th October do need to pay the higher rates of stamp duty as per the new 2024 budget.
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Marriage and housing association / owning
Hi all, My partner lives in a HA 2 bed with her 2 daughters and an under 5. I live in a small flat I own. The plan was that I'd buy a place near to her when I could afford to move, we'd live together for a year and then we'd get married. Personal circumstances have changed and my OH is keen to get married sooner rather…
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Selling BTL solicitor wants my bank statements
Hi all, I went to see my solicitor yesterday to sign the contract before exchange happens. She requested the latest ban statement which I provided. However as I get statement every 3 months that statement was only up to end of Aug and next one won’t arrive until end of Nov. So I’m worried about the exchange date being…
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Stamp Duty - I own a property but my husband doesn’t. Will he count as a FTB?
I own a house that is just in my name and my mortgage is also just in my name. My then boyfriend moved in and we got married but didn’t change anything on the title deeds or mortgage. We’re now looking to move house. My husband has never owned a property before. Is it possible for him to buy our next property in just his…
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Inherited half a second property
I own a flat with a mortgage which my daughter lives in, I live with my partner who owns a house outright. My Mum's husband left his half of their house to my sister and I when he passed away and some 10 years ago, my Mum signed her half of the house over too so now my sister and I own the house between us. My mum still…
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How to get a house put into my name
In the 90’s I lived with my nan who had lived in her Coucil house for years, when the Coucil offered for her to buy it, she couldn’t afford it so I offered to get the mortgage with both our names. The mortgage has since been paid off, I over paid, my Nan barely paid anything it was all from my earnings, I moved out and…
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WWYD first time landlord or sell up?
WWYD I have a flat, recently valued at 285k, a neighbouring flat just launched at 270k. I bought for 265k three years ago. Rental income is estimated at £1450/month. I have a baby and my partner has a 2hr commute so we'd like to move. I had planned to sell but the lower priced neighbouring flat has really put me off plus…
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SDLT Increase
Hi, We are in the process of purchasing a second property. We viewed in June, had surveys etc done in July and agreed a price in late August. However, the legal side has dragged and we have not yet exchanged contracts or have a completion date, although we expect this to be within the next month. The govt have just…
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Shares of Freehold
We bought our Freehold property a couple of years ago knowing that we had two shares of the freehold of the building. There are 5 flats in total, and 6 shares which we did find weird. We pay double service compared to the rest of the flat owners and if anything goes wrong like the roof repairs we pay double then too. I…
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Leasehold Extension
Hello, I just wondered if I could have a little help with a leasehold extension. For context, I am the freeholder (new to the job!). Leaseholder owns a flat, wants to extend lease. Has 83 years left on it. Flat is in Notting Hill, London. Ground rent £150 per year. Flat is worth about £550,000. I am happy for him to extend…
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Spray foam insulation
I wondered if anyone has any good tips on this. My mother [aged 70s] is a homeowner, probably looking to sell up/downsize within the next, say, decade or so. She recently got a cold call about the removal of spray foam insulation, someone suggesting that she pay them a load of money to get rid of insulation which she'd…