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Stamp duty question when staircasing, Shared Ownership
Hi, Any help would be much appreciated as I do not understand exactly how to work out the stamp duty now that I am attempting to staircase to 100%. 2016 - 50% share of £276,500 (£553K property valuation), paid stamp duty £3,825 + NPV of £921. 2018 - 20% share of £103,000 (£515K property valuation), no SDLT paid as only…
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Property Sold stating driveway but legally I cannot use it as there is no dropped kerb
Hi I bought a property last year which on the Estate Agents sale particulars stated there was 1) a Driveway 2) the property information form clearly stated that 'parking was available on the Driveway.' but as I have since found there is no dropped kerb I cannot legally park on the 'Driveway' , I did not have a driveway on…
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Worrying survey report for newly refurbed Victorian terrace - what to do!?
We're first time buyers and had a £310k offer accepted on a 4-bed victorian period terrace 2 weeks ago. (Originally was put on for 320k but then got reduced to £310k as lots of other properties on the market). Since then, we've had our mortgage offer, the solicitors are going to be doing searches soon, and we've just got…
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Exchanging imminently- told no chain all along! What’s going on?
Timeline of events; We (my brother and I) accepted an offer on my late parents property on 15 September. Told our buyers were cash, ready to move asap and that they’re in rented (chain free) everything is done. They want a completion day of Monday 15 December. Only a few days away. I asked my brother yesterday (he’s the…
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We have equity in our home, can we buy a second property?
Both myself and my partner are in our 40s and we have built up around £190k equity in our home and just wondered if we could somehow use this to put towards a second property, to rent out and long term become a retirement nest egg. How do we go about this? Or is it not possible? We have a 750pcm mortgage, we have joint…
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Cala Homes - Guaranteed Buyers Scheme
Hi, Can anyone share their experiences and views on Cala Homes - Guaranteed Buyers Scheme? Thanks.
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Buying house that is being Part-exchanged
So my husband and I are first-time buyers. We are buying a house that the current occupiers have put up for part-exchange to buy a new build. We are up to the contract stage of the process but our solicitors are in a back in forth with the developer's solicitors who are selling the property about assurances regarding the…
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Council housing pre-tenancy checks and a debt management plan
Hi all, I think I may have been successful with a council housing bid. I understand that the next step is for the housing association to do a pre-tenancy assessment. My worry is that I am still repaying some old debts using a debt management plan. Does anyone know what the pre-tenancy assessment typically involves? Would…
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Title deeds
Good evening everyone! sorted thank you everyone for your responses
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Potential damp/flood risk?
Hi Considering a ground floor flat. It's a mid 90's ground floor, with a little hill going into the building. Annoyingly the bottom of that specific grass verge area does show up on the local council flood map as level 1 lowest risk, which is 1% chance of surface flooding each year. I haven't noticed any flooding, it gets…
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Damp survey FTB scares
Nervous FTB and the damp survey has given me a bit of a scare. Especially the poor ventilation due to slightly covered vents. I’ve had a damp survey done on a ground-floor London flat (Victorian/Edwardian with suspended timber floors) and I’d appreciate some objective opinions. I’m trying to work out what’s a genuine…
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Down sizing, buying with cash before selling mortgage free property
Hi, I'm recently widowed and half of my home is now held in trust for my husband's adult daughters. I can live here until I die if I want or sell the house and replace it, with the daughters interest passing to the new property and any excess from the sale being invested with the interest paid to me. I want to move on and…
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Vulnerable Parent Property Sale
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Landlord wants to not use a letting agent, should I be worried?
Hello all. I’ve just been asked by my landlord if I would be happy to use last years tenancy agreement this coming year, and not go through an agent any longer. We actually get on well, and on the face of it I can’t see this being a problem. I’ve been renting from them for 8 years and have always had a good relationship.…
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Is a 9-week delay on a drainage & water search normal?
I’m buying a chain-free leasehold house Mortgage is already approved and the management pack was available at the start, so there were no usual bottlenecks. We were told in late October that the only thing left before we could complete the process was for the seller's solicitor to answer their enquiries. Once this was done…
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Being shafted by huge rent increases and want to leave
Hi all, My landlord keeps putting the rent up by around 6 or 7 percent, so I am looking to move somewhere cheaper. I have an assured shorthold tenancy, which will be renewed on Monday with yet another substantial rent increase. I told the estate agent that I am considering moving, and he said that he would release me from…
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Leasehold responsibility maintenance query and decision on offering to buy freehold
I recently completed on a leasehold upper floor
flat/maisonette in a converted Victorian house. There is one other flat in the
building on the lower floor, currently occupied by tenants. During the sale the freeholder raised a Section 5 notice, and I was initially
interested in purchasing a share of the freehold. The lower…
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Problems selling and best plan
My bungalow has been for sale just over two months with no interest. The area where i am there is very few sales at the moment. Property valued around £230k and advertised for that. I would need minimum £225 to secure my next property. I got a cheap deal with an agent but they only use rightmove and onthemarket (not…
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First Time Buyers & Saving for deposit
Hi, I’m sorry this has probably been asked many times before so I do apologise in advance. I’m looking for some advice on mine and my girlfriend’s current situation. We are wanting to start saving for a deposit for a house (currently renting) but we just don’t know where to put it? I’m thinking Money Box’s Life Time ISA so…
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Tenants in common and iht
A friend asked me to not take on any work, to give up my home and be a companion and care for him and eventually marry in return he would buy a house and give me half as tenants in common. Firstly does this come under pre owned asset, I’ve asked a 2 solicitors advice and s financial services advisor but none appear to be…
