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Downvalued property - estate agent won't negotiate
Hi there, I'm feeling slightly ill with stress at this point, and hoping to get a grasp on things. My partner and I are first-time buyers and have just had the house we're buying down valued by the mortgage provider. We offered the full asking price of £575,000 on a property we loved. We thought it was a great deal as it…
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Buying share of friends home
Hi, first post! So family friends of ours have a house (fully owned, no mortgage) that they have previously rented out, however after a bad experience the house has been empty for at least 7 years. We would love to live there and are ready to talk to them about it however we currently own (with mortgage) our home. We would…
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Asking tenants to leave who are on a period tenancy is it 6 months or 4 months' notice?
Hi everyone, Having been abroad for a few years and now settled back in the UK for a couple of years, we are looking to buy a family home. We own a one-bed flat that we've had to rent out as we now have two children. We are looking to put in a offer on a dream home and will need to sell the flat, however, we understand the…
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Buying at Auction - Sneeky added fees of £7K-£10K hidden in the legal docs
I have been looking at buying a house via one of the auctions and I have noticed a trend over the past year or so. In the legal pack, there is sometimes a clause in the special conditions, that says " the buyer will pay a sum of (£7999 for instance) on or before completion. No invoice will be supplied".I do understand that…
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Full packing service?
What exactly is it, and is it worth it? It seems to be established that many people would rather pay for a professional removals company, rather than do a DIY job. But what level of service would you be buying? A few blokes with a bigger van than you can drive, and who know how to tessellate things into it? A service where…
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Mail for previous Tenant
I received a message in the post - handwritten note from who I suppose is the previous tenant asking if there was any mail for him and where to forward it to. The note said that I could drop it off at his brothers who lives a few doors down. I was not in at the time. There are some important looking documents - Driving,…
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Do we really need the Stamp Duty Holiday?
I know, as an estate agent, I should keep my head down and just make hay while the sun shines but is the current reduced rates in SDLT really necessary? As I wade through the online enquiries and manage the relentlessly ringing phones I can't help but feel the stamp duty holiday is a step too far. We have had three 3 years…
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Insurance of landlord possessions left at property (not accessed by tenants)
Hello, I am am just about to rent my property and plan to leave some personal possessions locked in the loft/garage.It appears that some landlord insurance policies do not cover this scenario.Can anybody advise what insurance I would need for this? Any help gratefully received. Many thanks Julian
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Using 'Every Penny' for a Deposit - Bad Idea?
Just wondering how many people have bought a property but had only enough savings left over for necessary repairs/alterations? I've only just realised that I've not accounted for a 6-month emergency fund – although probably not an issue as I've been looking for years but not found anything suitable, so probability would…
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Landlord wants rent increase of £25-£40/m, on an annual tenancy HELP! Is that wise during this time?
Landlord just wants to bump up the rent so she can get 'more' ££ per month, It is an annual tenancy, which renews/gets signed by tenant /landlord every year. The Landlord suggesting a rent increase of £25-£40 on an 'annual' Renewal tenancy, I don't want to increase as we are during a pandemic / covid 19 I know I can say…
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Plumbing & Electric issues - covered up and lied to by sellers
Last year we purchased our first home. We had sent out someone to carry out the Home Buyer's report and there was nothing major noted. We also spoke with the previous owners as we knew them through a family friend. They told us when they purchased the house around 10 years ago they had it re-wired and had gutted out the…
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Aldermore mortgage
Hey just wondering if anyone else is waiting on a decision from aldermore ? Full application submitted 27/07 self employed dec requested and sent back same day 29/07 10/08 additional docs requested provided on the 12/08 14/08 aldermore requested the seller get a refreshed home report which they did and was provided on the…
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How many people will re-negotiate the price after valuation?
I asked the EAs a question, will the mortgage valuation usually be the same with the agreed price ( the final price) ? They said yes. I am just thinking, should I just offer the asking price. If the valuation come back with a lower figure, then ask the vendor to reduce the price? The recent data shows the asking price rise…
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Ending a tenancy because I want to live in the property.
Hello. I have a flat in central London that I'm currently not using, so I was thinking of renting it out. However it's possible that I might need it back sometime to live in it myself, so I was hoping to do this in a manner that retained some flexibility, eg a contractual periodic tenancy, perhaps. But today I read that…
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No viewings in 2 weeks
Our property (https://www.rightmove.co.uk/property-for-sale/property-95758835.html) as been on the market for over 2 weeks and we have had no viewings or enquires so far. Can anyone suggest where we are going wrong or things to try? We have already dropped the price as we thought it was on for too high. Thanks in advance…
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Question/Discussion - Estate Agent Price Inflation? How Much To Bid?
Hi All We've got our house on the market and are hopeful of getting an offer in the next few weeks that'll allow us to put in a bid somewhere else. We're looking at moving up the housing ladder and to the next village (where my wife grew up) so our son can go to a different school which will allow the in-laws and friends…
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Why is everyone buying houses at the moment?
Hi guys Considering there is a global pandemic, and money has become very tight, why are so many people buying houses at the moment? Talking to friends, looking online and speaking with estate agents, they are all saying there is a massive surge, can anyone explain why this is and how it possible? I just don't get it, why…
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Sellers solicitor painfully slow - how to chase?
Hi, FTB here trying to purchase a flat. I've got the point where I've had the valuation done, and then the solicitor has been having a lot of back and forth-ing about a legal issue and the whole process is going painfully slowly. My solicitor hasn't heard from them for a while and spoke to the estate agents to chase them…
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"Estate rentcharge" is it definite No go?
Hello We are in a process of buying a house. It's new estate about 3 years old and only phase 1 houses are finished ( out of 3 ). During conveyancing process our solicitor pointed out that house is subject to estate rentcharges. At first we had no idea what they are but after a bit of research we learned about all…
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First time purchase
Hi all, I’m a first time buyer and have stumbled across an issue with reserving a plot on a new development. I just wondered whether anybody here has had a similar experience or could share any advice. I’m currently on the waiting list for a property. Due to Covid, the building schedule has been set back and the plots that…
