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Using LISA for home then renting it out?
Hi All, I'm curious if anyone has or knows anyone who has used LISA for their home and then decided to rent it out instead? I'd assume one would use a residential mortgage to buy the property and then either get a Consent to Let from the lender or transfer to a new (BTL?) mortgage? How long did they end up living in the…
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Anyone else affected by Purplebricks removing “list until sold” promise?
I originally listed my property (in 2023) with Purplebricks because they advertised that once you pay their fee, your property stays on the market until it sells, with no time limit. That flexibility was a key reason I chose them. I didn’t expect to have to relist or repay if my plans changed. Now they’re telling me the…
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Estate agent's description is correct. But not much use.
I am pleased that estate agents are now strongly encouraged to tell the truth about properties they are selling but sometimes they really push the boundaries of what is and is not "the truth". For example, near me there are some very nice executive properties being sold. Amongst the estate agents blurb is the fact that a…
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Selling Shares to buy house for daughter
I have £150k in stocks and shares that I am considering selling to pay for a house. The house…. is currently owned by daughter No2 who is moving away to an island and will be renting for the next year or two. Daughter No1 wants to move into the house, buying it from her sister, I want to pay for it, no strings attached.…
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Unauthorised access to the electoral Roll for Estate Agent 'phishing' - not OK - but from where?
I was under the impression that when filling in the annual council tax/election residents list, that this would not be released to any person or company except for legitimate security reasons, whatever they may be, but certainly NOT for any person or company 'phishing' for business purposes.I was surprised therefore to…
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Buying land and storing materials on it
Hi, I’ve seen a fair amount of land for sale at auctions… if I bought some land like the below (just an example below). Is there anything to stop me lending/ renting the land to someone who might want to store green waste/ building materials on it? Or do you ALWAYS need to ask the council and change the land type from…
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Exchange Of Contracts Did Not Happen
My solicitor phoned me yesterday morning confirming that she has talked to the buyers solicitor and they have confirmed to exchange contracts in the afternoon and completion today. I sent my solicitor a email late in the evening yesterday to ask what had happened about exchange of contracts. I got a shocking response (The…
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Exemption from Stamp Duty query
We are in the process of purchasing a property which is a second home however the house has an functioning toilet (the report we have had carried out states 'not functioning properly'). My question is are we exempt from paying Stamp Duty due to this? If any one has any information to help whether it be a message on here or…
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Solicitor Holding Money from Property Sale For 24 hours because they are closed on Completion Date
Due to complete tomorrow and just found out solicitor is closed tomorrow! They didn’t point this out when we agreed the completion date ….. Is my money protected in any way? Can I delay handing over keys until money is received by me? TIA
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Can I sell my original house by transferring it to relative in order to refund the second home duty
I plan to sell my house in oversea in order to refund the second home duty. Can I use the method of transferring to my relative instead of selling it? What evidences should I need to submit to HMRC to prove that the ownership of the house is not mine?
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Doubling ground rent clause on shared ownership purchase London-advice please :)
Hi all, thanks for accepting me onto the forum :) I am in the later
stages of purchasing a leasehold property in London (shared ownership,
purchasing 25%). My solicitor has highlighted a doubling ground rent clause
(rent to double every 25 years) which I was unaware of when making my offer,
and only became apparent when…
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Smaller home good/bad first step on the ladder?
I'm in the process of buying a 70 sqm semi home as a first time buyer. I'm aware this is small for a house, however it's cheaper than 100sqm homes or over (of course not proportionally, due to the small home premium). However, for a single occupant and maybe with a future partner (thinking a few years ahead) I think it…
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Level 2 Survey - 20y old house
Hi, I've recently had a Level 2 Homebuyers Report done along the valuation from the bank. The house was built in 2004 so relatively new. There was no obvious faults with it. The surveyor had picked up on very minor cracks below DPC in 2 spots and also a very minor crack that appears to be between the conservatory and the…
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Putting a rental property into a Ltd Company.
Hi all, im moving home (main residence) but have a rental property with no mortgage that i want to keep. The rental is currently worth about 180k, far far lower than the new main residence I'm purchasing.. 1-will I have to pay the higher rate stamp duty as a result of owning 2 houses? Which i technically can't claim back?…
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Coach House Flying Freehold
I'm looking at the option of buying the freehold of my property. There are currently around 90 years left on the lease. The only issue is I have a coach house, so under part of my property is access to a communal car park around the back of the house. Is this going to be massively complicated, and should I just keep it…
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Covenant
We live in a residential property, originally back in 1968 when the land was sold to build the properties (6 in a row) the land owners put a covenant in to say no pigs or poultry to be kept on on the plots or any election of a building to house such animals. Not huge gardens at all but our neighbour next but 1 has decided…
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Acquiring family home
Hi all, first of all thank you in advance for any help offered it will be greatly appreciated! Quite simply i am looking for advice on acquiring parents house and potential options. Parents have been divorced approx 12 years, house is the only asset split 50:50. circa 90k remaining on an offset mortgage, there is no early…
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What are default terms for estate agent marketing a property?
Hi, An estate agent has been marketing our property for almost 2 months now and although he found a buyer and we agreed the price offered over a week ago, the buyer is no longer replying to EA's attempts to contact him, so we are assuming the buyer is 'lost'. We would like to move to another agent but, as we never signed…
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Solicitor's Fees
I have sold my property, and due to Exchange (completion date not confirmed yet).I want to check whether it is the norm that the Solicitor's fees is due on Exchange? and not completion I have not been asked to make any payment yet. They are listed under the SRA. (first time seller a bit nervous)
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Transfer of equity - advice needed
Hi all, First time posting, but have come up against a bit of an impasse and am worried that i will get the timing wrong/i'm being strung along abit by ex's solicitor. Have divorced and had a sealed final order, with stipulation that my share in the property can be bought out by Monday 4pm. I've chased ex's solicitor for…
