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Advice needed on property management company still charging student son
Hi, I'm hoping for some advice. My son was in London doing his masters and was staying in a room in a shared house. His tenancy was ending at the end of September but he finished his masters in July and informed them he'd like to end early, giving a month's notice. We cleared his flat out on 7th August and he had the…
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Selling home at this time of year ?
I wonder what peoples opinion of this was to put the house on the market this time of year? I understand that spring is the best time to move. I recently put mine on the market but not had much interest. I’ve decided to give it till the end of October And then pull the house off the market after this time. I just wondered…
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CGT on sale of rental property
If I sell a flat that I previously lived in before we got married can we use my "relief" on the tax returns for both my wife and myself? The scenario is I expect to make £30k after expenses so if we each declare £15k - £3k allowance = £12k profit then as I lived in it for 10 years and rented for 14 years - can we both…
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Where can I park on these title deeds?? Please help
I live in a small cul-de-sac maintained by a management company. The area shown on my deeds is my property boundary. The area in yellow is a shared access area. I have been parking a vehicle in the yellow area against the fence but within my boundary (shown in other picture) only on odd occasions when parking has been…
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Break clause and rent arrears
Hi in a pickle getting my head around hiw I need to go about this is anyone can help Im in an ast agreement that commenced 5 September 2023 i can give 2 months break clause after initial 4 months So my plan is to issue break clause so that 2 months is up in accordance to start date however I didn’t pay rent due 1st august…
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Shortfall dilema
We have sold our home and are buying a new one that needs renovating ... we will have a shortfall of £20,000 and the buyers of our property are three weeks ahead of us in the process as we have only just found our property .. The dilema is funding the shortfall i need £20,000 for the sale to go through and once in there…
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Need Help : Best Buy To Let Areas in Glasgow?
Hi I am looking forward to invest in smaller properties (Studio/1bed/2bed max) for rental income. I have seen many ads where the property values are from 40K to 60K and generating 12% Gross ROI. I am interested to explore the properties and buy one or two. Need serious advices from experts which areas to target for such…
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Is this house worth for 300k?
www.onthemarket.com/details/14509821/ I'd like some feedback on the value of this house. The owner wants at least 300k. We love the design of the house, and owner told us in future we could get an extension in the back in order to get a bigger kitchen and dining room. Anyone had any feedbacks or any suggestions please?
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To sell or not to sell!
Hello, We bought our house around 2 years ago. We only fixed our mortgage for 2 year so recently it has increased by £300. Whilst still “affordable” this is obviously a big increase and has impacted on our savings plans etc. The house isn’t exactly in the area we would like but it was where we could afford at that time.…
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Should we sell mortgage-free house, or let it out?
Hello folks. Our position is that we are hoping to move to our new house in the next couple of months. We are mortgage free on our current house and are planning to complete purchase before selling. Our aim was to take on large initial mortgage (actually a family loan that will be paid back with 4.5%ish interest), then…
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Estate agents responsibility to inform potential buyers...
Hi all, this is my first post. My question is - if an estate agent is aware that a housing development company is in receivership, and it has properties from said developer on their website for sale, do they have to inform any prospective buyers about this? Thanks in advance!
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2nd Home Sale
Hi friends. I am the legal owner of my parents house in which they have lived since 1997. My parents provided the deposit but needed a small mortgage to complete the purchase, hence it is in my name. It is not my main residence so i am interpreting my parents house as my second property. I now wish to sell the 2nd home and…
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Short Term Let - Terms and Conditions Help
Hi there, I wondered if you can help with this situation. I am the landlord of a property that does short term lets. I usually rent it out on Airbnb where the terms and conditions are stipulated. However, I recently rented it out on another platform and through a misunderstanding between the platform and myself, no…
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Am I an assured tenant?
I have lived with my parents in a private rented house for 55 years. There was no written rent agreement with the previous landlords just a tatty old rent book, my mother, who did all the finances, would give them a cheque each month, sometimes they even forgot to collect the rent and we had to remind them! In 2008 my…
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House deeds
So to cut a long story short, my mum added me to the deeds of the house and changed her will, so that my brother wouldn't get anything after she passes away. Since then, any time she has a bad day, she will say how she regrets putting me on the deeds and is generally nasty about it to the point I don't want to be on them…
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So Close! What's The Hold Up?
We have been 'close to Completion' since late July, but enquiries regarding Estate Management continue to drag on. We're buying a newer build, but not brand new. We're 4 months in since our offer was accepted. We're in the middle of a 3 person chain. We've received the Estate Management Pack, but my Solicitor has said in…
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Estate agent and buyer's solicitor not responding
I'd appreciate some advice please. We're last in a chain of 4. We accepted an offer on our Welsh house on 9th April initially without an onward purchase. We've signed our paperwork and so has the buyer but the exchange hasn't happened yet. Our solicitor is emailing and leaving voicemails for the buyer's solicitor but they…
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Sublet without knowing - A complicated story
I'm trying to help a friend who is in a challenging situation. She rented a room in a three bedroom flat from an agency a year ago. The fixed term agreement comes to an end in October and the agency gave her and the other lady who rents one of the rooms notice to leave by then. My friend called the landlord directly and…
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House survey bad - advice please
Hi there,My level 2 survey came back with a few problems (I know they often do) & it was suggested the house would be unmortgageable in the future. It is a cross wall build. I am a cash buyer, as mine is sold, & don't personally need a mortgage but the future saleability is obviously important. I phoned the surveyor for…
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Management Company for Private Road
Hello! We need to set up a management company for 6 houses on a private road. The houses were built a few years ago and a company was never set up. What do we need to do to get this up and running? Is a company limited by shares or guarantee better? Is Public Liability Insurance a must? What kind of companies maintain…