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Subsidence Advice
Subsidence Advice Hi, have interest in a property that I’m looking to buy(first time buyer), but recently took a builder who pointed out the house has subsidence and leaned one way. He thought it was out by at least 100mm. The area is old mining community so the subsidence is thought to be down to that.Asked seller if they…
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Scotland mortgages - Golden Share scheme
Do certain lenders not support the golden share scheme? We have an offer in principle but have been told this lender won’t support mortgages on a golden share property. It’s not one of the main high street lenders, but I didn’t realise this scheme was something lenders would have an issue with?
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Questions about House Survey?
I have just had my survey back on a 1900's mid terrace that I am looking to buy.The survey has returned a level 3 on the chimney, the roof and the kitchen extension roof. On my inspection, there were no leaks inside. Please can someone explain *how* bad this is please?! I have substantial savings to repair these factors…
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Urgent Advice Needed “ Ex-Partner Refusing to Engage in Property Sale
Hi everyone, Im in a really tough situation and could use some advice from anyone who has been through something similar or has legal knowledge about property disputes. I jointly own a property with my ex-partner, which we originally purchased for £320,000 using a 20% Help to Buy loan. We have a joint tenancy mortgage. My…
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Shared ownership - higher income
Looking at shared ownership outside of London but my income is over 80k, are there any other schemes available to get shared ownership?
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LL trying to raise rent again
Our LL wants to raise the rent again but last time we told him we can’t afford this and all the bills! we now can’t afford council tax or utilities all our funds go to pay rent ehat is Happening this country We said no to LL so what happens next?
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What happens to my deposit in DPS if my agent changes?
Hi all, I have left a rented property recently and I'm currently disputing with my landlord. However, I've noticed on my Deposit Protection Scheme portal that the old deposit was registered with a company we will call "Company A". However, my landlord now deals with "Company B", and it appears "Company A" has ceased…
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Stamp Duty Calculator and Q&A discussion
This thread is specifically to discuss Stamp Duty Calculator and Q&A Please click reply to discuss
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How to value freehold post-LAFRA?
Hi gang. I live in a building that has three leasehold flats. The owner of the freehold is not one of the owners of the three flats, but has contacted us saying that they want to sell the freehold. Obviously they have to give us first refusal and have contacted all three owners with an offer per-flat using a freehold…
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Deed of Variation solicitor costs £1500+VAT, 5 months in FTB - fees are at 5k.
Hi there, FTB, leasehold no chain flat. We started our mortgage process in September and it has been a nightmare journey, we were lied to initially on October 30th about the management pack being ordered as we received notice in November 28th saying it was actually ordered then. It came in December to which we found out…
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Source of funds - sorted before house offer?
A bit of advice please , coming up to my 50th birthday finally decided to buy a property .. got the full amount without the need for a mortgage ( or possibly 10 - 15% ) after years of saving . Issue is that I have been chasing interest rates for the last 5 years going through around 10 different banks accounts sending…
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New Build developers
Hi, I'm considering buying a new build house and was after some advice on things to consider.
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income from adult family members
my daughter ( 25 ) and her boyfriend (26)have come home to live with us in order to save for a deposit on a house as they were finding that renting in the private sector made it impossible to save. We are living as a family unit sharing the house and are not charging a rent ( and they don't have exclusive possession of any…
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Rental income proportion
Hello all, My wife and I own a property (UK) where we are tenants in common, and the income (and expenses) are proportioned 50:50. We would like to stack the income/expenses to me only (more tax efficient at moment). Do we have to make a change on proportional ownership in order to do that? Hope that makes sense and…
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Would you sacrifice a third bedroom for a better bathroom arrangement?
Currently looking at a 1930s semidetached property to buy. There is scope to extend but I don't have the budget. Current set up is: Ground floor: hall, living room, dining room, tiny kitchen with chilly bathroom off it. First floor: Two double bedrooms, one single bedroom, tired ensuite off biggest bedroom. I am…
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Renting out main residence - tax implications
I'm thinking of renting out my main residence and going to live in my partner's house. The reason is that the property sales market is very poor at the present time and similar properties to mine are not selling. If I moved in with my partner and shared bills, etc... would there be any tax implications? There is no…
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Rightmove flag in wrong place
My mother's house has gone on the market but the flag on rightmove is a couple of hundred yards down the road. I wouldn't be too bothered, but there are two flags on top of each other, the other also being a misplaced one by a different estate agent! Worried that people searching the map will think they are the same house…
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Q: Home Buyers Survey Level 2 and solar panels
Question for any RICS surveyors in the forum; if conducting a level 2 home buyers survey, would you be expected to look at the solar panel installation from the ground (back garden, for example) to check as best you could if it met MCS requirements regarding the border distance to the edges of the roof (400mm)? If there…
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Consolidation of property implications and real life stories
Hi there, I am trying to better understand the considerations and implications of this scenario, we will be seeking legal advice once it gets a little more than an idea. Couple 1 - 70+75yrs old Own main house circa £675,000 Own a separate property next door that they currently rent £250,000 No mortgage on either property,…
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£200k inheritance, property ladder or not?
Hi, We are incredibly fortunate and are about to inherit £200k. We are a married couple in our late 40's, 2 kids. No debt, but no savings either. Currently renting, no assets. 1 side of us says use a large amount for a deposit, get a mortgage and buy a house. Other side says stay as you are, invest it and make it make a…
