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2nd Home SDLT - selling main residence but not on mortgage?
I currently live with partner and have done for several years. Mortgage is paid off but I am not on the deeds. We are not married. I own a property that I rent out, but haven't lived there for 7 years. We plan to buy a new house and sell the house we are both currently living in. Would 2nd home SDLT be payable on the new…
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Went to look after my sick mum and squatters broke into my council flat.
My mum is on Attendance Allowance and I receive Careers Allowance for taking care of her. 2 weeks ago her health got worse (she was moved on to higher level Attendance Allowance) so I went to stay with her. During this time my council flat got broken into through a back gate and entrance. My neighbours flat who shares a…
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Capital Gains Tax on under value home?
I can't find an answer to this question anywhere. 6 years ago, my FiL sold his second home to us at a discount - it was valued at 100k, and we bought it for 60k. We've lived there for 6 years, and renovated. It's now worth approx 140k and we've agreed a sale for 136k today. Will we have to pay CGT on the gain we've made?…
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Defective Lease - Deed of Variation, Indemnity Insurance, Stop Process, etc?
Morning MSE-ers! CONTEXT: I am in the process of purchasing a leasehold flat in England for < 300k. This is the 3rd property I have been in the process of purchasing (the previous two fell through for cladding related issues), which as a FTB has made me lose a bit of hope —clarifying this to explain why I really want this…
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Surveyor in Eltham, Sidcup area, South East London
Anyone used a surveyor they would be happy to recommend probably for a Homebuyer's report rather than a Level 3 survey?
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Council tax
My sister and I are buying a property together, our parents will live with us, they are both retired. The house will solely be owned by my sister and I. Who do I put on the Council Tax? Are all 4 of us to be listed or just the my sister and I as the homeowners? Thank you
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Drawing on increased equity?
This is going to have to be purely theoretical because I'm currently trying to help out a friend who is financially...well... I should say uneducated, to be polite. She's a lovely lady but hasn't a clue about money. I'm not sure yet of the ACTUAL situation so here's the theory - you can have fun with the idea and tell me…
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Stay on periodic or sign new fixed tenancy agreement?
Hello, My son and his wife have been renting an apartment for around 16 months from a private landlord. The original term, I believe was for 6 months so from what I've read on here, their tenancy is now a periodic, 'rolling' one. They recently received notice of a rent increase from October and have been informed they can…
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Land Registry title register question
My father in law is moving into a care home and his house will need to be sold to pay for his care. I looked up the property title on the Land Registry website and discovered that it has a restrictive covenant. Can anyone tell me what this means? Will it create any complications with the sale? RESTRICTION: No disposition…
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Buying a piece of land
Hi, I am interested in buying a piece of land from a freeholder. Does anyone know the cost to purchase and change the land registry plans etc?
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Structural Engineer when Buying House
Hi all, I'm interested in buying a house but one of the make or break points is a wall that runs through the bedroom making it must more difficult to stay in. I want to find out if the wall could be removed before buying the house. There's also an aspect of loft conversion which would also be worth getting checked at the…
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Confused about insurance when renting
I haven’t rented for many years. Homelet called me today after successful referencing, trying to sell me ‘tenants liability insurance’ for £12 or so a month and £3 on top for contents insurance. All my googling suggests that tenants liability insurance is a bit of a con as contents cover is usually fine. The property I’m…
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Leasehold woes!
Hi, Apologies if this has already been discussed but I have done a search and can't see it anywhere. I'm hoping someone can share, if they have had a similar experience. I am trying to sell my leasehold property which has just under 103 years left. A sale recently fell through with the sellers solicitor saying that there…
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Advise on buying a house with non-registered land and potential blocking of garage?
Hello, I am now 4 months down the line of buying a property and 10 months since receiving an offer on selling my current house. We are just waiting on the last section of the purchase which is the local searches. However, since I received the land registry forms on the 22nd May I have since queried a small section of land…
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Environmental Searches
Is this something an individual can get without going through solicitors who seem to make it look very complicated and time consuming?
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To move or not to move
Hi all, Looking for different perspectives on whether to move or not, so first here's where I'm at: I'm 35, married with a child (another on the way), live in a quiet road, recently extended and had the garden done, lovely house, although not the nicest of towns. I've always had a niggling thought of wanting to move to a…
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I am planning to buy a house where the previous landlord still lives
Hello All, I am writing to seek your advice regarding a property I am considering purchasing within the Redbridge area. The current owner of the property has unfortunately fallen behind on their interest payments, and the lender has decided to repossess the property. The lender is now looking to sell the property, and I am…
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Section 5 notice
I own a leasehold flat in a building where it’s just my flat and one more flat. The other flat is being sold by the executor of the owner who passed away along with the freehold. Should I have been served a section 5 notice regarding the freehold to give me the option to buy it?
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Maintenance Charge Overspend
I purchased a leasehold flat in October 2023. Now I have been advised by the solicitors that there was an overspend on the maintenance and service charges and we need to pay the overspend amount. My problem is that the year end for service charges was 31 August 2023 so I didn’t even own the flat then. My solicitor says…
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Mum wants me to help her get a mortgage
Hi all, as the title suggests, my mum wants to get a mortgage for a house but she is afraid she will get rejected by the mortgage application and wants me to give my payslip and work contract to help with that. Her partner got rejected because he doesn't make enough money, £24,000, my mum makes roughly £60,000 and I make…