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Indemnity Insurance vs Retrospective Consent
We (FTBs) are in the process of purchasing a leasehold flat (England), and we are struggling with making a decision on whether to proceed with the purchase of a flat with an indemnity insurance in place for alterations (non structural) seller made without freeholder consent. We have asked the seller to obtain retrospective…
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Stamp duty question - buying flat with leasehold and entire freehold
I am buying a leasehold flat that comes with the freehold for the entire building (consisting of our flat and one other flat, which we are not buying). I am confused about how to fill in the SDLT1 form - the solicitors have sent a draft form but I am pretty sure they filled it in wrong. Any help would be greatly…
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Advice on helping a friend with property investment
First time poster, long time lurker. Seeking the collective wisdom of people on here! I have a friend who has been trying to get on the housing ladder through a shared ownership purchase, but these are really hard to come buy and seem to get snapped up whenever they're released. She's currently paying £1,300 a month on…
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Stamp duty refund - selling purchased property first
We brought a second property to become our main residence with a mortgage while our original home was up for sale. As such we paid higher rate stamp duty. Due to a change in circumstances we are now having to sell our purchased property and will likely end up with our original property, which is still up for sale as our…
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Lease has ended but company not leaving
Hi All, please advice I have leased my flat to a company
for 6 years. The lease ended April 2022 but we are now in
January 2023 and I have still not gotten my flat back. The rent been paid has been the agreed rate
since 2016 and as interest rate, service charge etc have all increased I am
running at a loss currently. I…
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Selling tenanted property by auction
Hi all. I'm desperate to sell my rental property which is a listed leasehold flat. However tenants are currently only 2 months into a 12 month contract and won't allow viewings. Could I sell at auction under these circumstances? Estate agent won't touch it since they can't do viewings.
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Stamp duty/LISA use when buying a house under the market value (off a family member)
Hi All I’m purchasing a house off a family member, and will be buying it at half the value. The mortgage company have listed the purchase price at the full value even though i’m not paying this. The solicitors have queried this but the mortgage company have said the current mortgage offer is unaffected and they will keep…
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Sell or Rent out second property
I have seen other posts on this subject but invariably including the consequences of the mortgage on the second property. I am in the fortunate position of owning outright. Moved back into this property (previously let)while renovating new home. So do I re-let or sell and find alternative investment for 200.000pounds…
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End of Tenancy - return of deposit, still not received after 4 weeks
I am posting this for my daughter who has changed flats almost 4 weeks ago. She left a very small studio and moved into a larger 1 bed flat. She moved out of the studio on the 6th of March. I cleaned the flat with her and she handed the keys back on the 6th. It was marked as re-let week starting the 10th of March. My…
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emergy supplier
Renting a new home but previous energy supplier unknown. Do I just give my supplier readings?
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Drive damaged by 3rd party delivery lorry.
Edit I've had no contact with the 3rd party lorry company. The company I was dealing with said - "we ask that plenty of space is left at the front of your house/ and or drive as this will be a kerbside delivery" - There was. I only noticed the leg prior to the lorry leaving. The rest of the drive has cracks, but no 'dents'…
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How to become a property developer
Hello, I’ve been buying, living in and renovating properties since 2018: 1. First house bought in 2018 for £157,000. 10% deposit, spent £10,000 on renovations and sold for £215,000 in 2021. With equity etc I had £70,000 in the bank. 2. Second house bought in 2022 for £462,000. 15% deposit. Spent £60,000 on renovations and…
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Can I go to the ombudsman about sellers solicitor?
I am writing to enquire whether I would be able to submit a complaint to the ombudsman and receive an outcome if the issue concerns the seller's solicitor rather than my own. We began the process of purchasing a no-chain leasehold flat in September. It is now April, and with just three weeks left until our mortgage offer…
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Home improvements help to buy
Hi I want to convert my garage but I have used help to buy and I know they don’t allow it . What would happen if I just went and done it anyway ?
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Sitting tenant hoping to buy their rental
I’m hoping to buy my rental property. I’ve been here almost 3 years. Decent landlord, renting their former family home. He’d be happy for me to buy subject to an agreed price. Question for the forum…. Can the rent I’ve paid during my tenancy to date be offset or negotiated into the price for the property in some way as it…
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Section 21 - more time
My long term tenant has been served with a section 21 by the agent, but has asked for more time, for very understandable reasons. The timing is bothersome for me because I need the property sold asap, but I'm hoping that agreeing to more time (four months instead of two) will mean that they are more likely to leave without…
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What's the best wording if you want a quick sale?
"Offers in the region of..." or name a price? If I name a price, should it be higher than I'm willing to accept? Or the figure I will accept? Or even "offers over..." and name my rock bottom price, to raise interest? Is "motivated seller" as I've seen in some adverts really a useful thing to say? It always makes me…
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Offer accepted but vendor not found a property
Sorry this is my 2nd question (the first relating to surveys) apologies for my questions as we’ve lived in our current house for 19 years and feel very inexperienced at the whole selling/buying process!! Things seem very different from when we bought our current house. We sold STC on 31/7 and had planned to move out, clear…
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Help! What CGT do we have to pay?
So the situation is this, Bought a house in 2007 with my brother, both lived there until 2012. I now have my own house, so does my brother. Let it out to our mum for the last 8 years. No profitable gain apart from her paying the mortgage amount. Now sold the house. How do we work out Capital gains tax and how much we have…
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Mortgage Problems
My son bought a flat 5 years ago & is looking to remortgage. He's been told that he can't get a lender as the property has a steel frame - this was never mentioned in home report or when he took out his current mortgage. Is there any comeback with the current lender for not picking this up or is it just tough luck?
