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Costs of valuation survey (lender) and homebuyer survey (surveyor)
Am I right in thinking that the valuation survey costs, paid to the lender (£240 in my case) are not deducted from the cost of the homebuyer survey? I.e. I have to pay for both separately? How much should a homebuyer survey cost? I'm quoted £563. It means I'll be paying £800 in total, is that normal? I ask because the…
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Mortgage discharge
My mother has left me her house, but on checking her papers, the mortgage has not been discharged yet, do I have to have mortgage discharged before I apply for confirmation
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Title deeds/ covenant
My house title deeds says the below can someone explain what this means Thanks The transfer to the proprietor contains a covenant to observe and perform the covenants referred to in the charges register and of indemnity in respect thereof. Restriction No disposition of the registered estate by the proprietor of the…
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LISA £450k limit - increasing chances with vendor
My partner and I are looking to buy in London. We both have LISAs and are therefore restricted to buying a property under £450k - however, we’ve found a perfect flat that’s on the market for £475k. We suspect it will be popular and we will be competing with people who are able to offer closer to the asking price than…
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Form AP1 and how to remove a name
Form AP1: removing a name I've yet to find anyone else in this situation. I have sought professional help and every solicitor has either said they are too busy, do not handle the situation, or have failed to respond at all. I need to get a name removed from the deeds of a house that I partly own. When my parents died over…
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Mortgage transfer
I am writing on behalf of a friend. If I have a part-time permanent job and also work as a paid trainee. The annual income from both jobs is £25k, will the bank allow me to transfer the mortgage to just me in the amount of £116?
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Should I lower front ground levels aswel
I'm having the side of my house a channel digged down 6inches £300 and going to fill with gravel as the dpc is at ground level and an air brick is right in the middle of it with some guard thing. I've had damp in my entrance hallway which was caused by this. I was also considering lowering my front aswel but I've lifted…
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Lease extension joint freeholders.
Hi. I share joint freehold with my upstairs neighbour on a Victorian semi that's been converted into two flats. We also have a lease between us. I own outright and my neighbour has a mortgage. We are looking to extend the lease, currently at 68 years, as she's having to remortgage and it's been something we had planned to…
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Lease and MA's refusal to observe
Recently, we had an interesting encounter with MA when it comes to repair. The lease states that the front door, its frame, windows, and its frames are "subject in all cases nevertheless to the obligation of the Management Company for replacement repair" in verbatim. Long story short. MA refused to observe, denying the…
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Financially linked to my partner during his lone mortgage application
Hi. I’m after some advice. My partner (were not married) has been gifted money from his parents for a deposit for a mortgage, this will be a mortgage in his name only as i have a bad credit history including a CCJ. My concern is that we are financially linked by a joint bank account and our water bill (in our area this…
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Stamp Duty - Shared Ownership
Hi all I have been reading article after article to work out what I would pay in stamp duty and i'm just getting more and more confused. Maths was never my strongest suit and stuff like this just confuses me so I am hoping for some help from the wonderful people here. In 2017 I paid £96k for 40% of my current property…
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Do you need to pass AML checks to buy a partner's ex out of the house?
I have enough money in cash to buy the ex out, but have transferred it frequently to take advantage of cash ISA interest rates and not kept any paperwork. I can trace most of the money back to an ISA I held in 2019 but have no idea where it was before that. None of the banks I currently hold accounts with have any records…
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Ground rent under leasehold reform act
If I buy a flat now which the previous owner paid ground rent on, do I just pay a peppercorn rent because the lease I sign is a new lease between me and the freeholder, or am I considered tied in to the previous owner's lease, and would only have a 'new lease' if the term was extended or something? I notice that the estate…
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Would love some feedback about my house
My house went on the market on monday 10th march i got one viewing on friday but would love your view on my house.
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First time buyer - LISA - £450k threshold query
Good afternoon all, Me and my partner are currently saving for our first home and both have LISAs. For obvious reasons, we're going to be buying a property for no more than £450k, but what I haven't been able to work out is whether the restrictions apply to property sale price or the mortgage which we will take out. We are…
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Escalating ground rent - RPI
I've recently had an offer accepted (£320,000) on a flat with an escalating ground rent clause and I'm unsure whether this could cause issue later down the line when it comes to selling. The ground rent is currently £500 PA, increasing every 10 years inline with RPI. The next review date is December 2026. This will be the…
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100% Second Home Surcharge Council Tax
Hello - I own a property jointly with my father which we live in with the rest of our family. We both do not own any other property. For some reason I received my council tax with a 100% second property surcharge which I believe is incorrect. Can someone help with this, I believe this is an incorrect charge, or is there…
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Change of House Name
Hi all, We've just exchanged contracts on a house, and should be completing next week. Currently the house has 'Guest House' in the name of the property. We won't be running it as a guest house moving forward, does anyone know how to change this? It appears as this everywhere you search for the house. We will be based in…
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Ex local authority flat please help
Hi I need so guidance to hopefully put my mind at rest. I have made an offer on a flat and I am going through the formal mortgage application. I am extremely worried about this because it is worrying I have good credit and I thought I would reassure myself by reading the lending criteria of virgin money. To me great…
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New build defects
Hello So I moved into a ground floor flat in November 2022 it is in a block of 4 flats that had been newly converted from a previous office. When I purchased it was leasehold and I noticed an issue with one of the windows which seemed to be leaking at the bottom corners not much but I contacted the developer and he gave me…
