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Should I lower front ground levels aswel
I'm having the side of my house a channel digged down 6inches £300 and going to fill with gravel as the dpc is at ground level and an air brick is right in the middle of it with some guard thing. I've had damp in my entrance hallway which was caused by this. I was also considering lowering my front aswel but I've lifted…
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Lease extension joint freeholders.
Hi. I share joint freehold with my upstairs neighbour on a Victorian semi that's been converted into two flats. We also have a lease between us. I own outright and my neighbour has a mortgage. We are looking to extend the lease, currently at 68 years, as she's having to remortgage and it's been something we had planned to…
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Lease and MA's refusal to observe
Recently, we had an interesting encounter with MA when it comes to repair. The lease states that the front door, its frame, windows, and its frames are "subject in all cases nevertheless to the obligation of the Management Company for replacement repair" in verbatim. Long story short. MA refused to observe, denying the…
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Financially linked to my partner during his lone mortgage application
Hi. I’m after some advice. My partner (were not married) has been gifted money from his parents for a deposit for a mortgage, this will be a mortgage in his name only as i have a bad credit history including a CCJ. My concern is that we are financially linked by a joint bank account and our water bill (in our area this…
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Stamp Duty - Shared Ownership
Hi all I have been reading article after article to work out what I would pay in stamp duty and i'm just getting more and more confused. Maths was never my strongest suit and stuff like this just confuses me so I am hoping for some help from the wonderful people here. In 2017 I paid £96k for 40% of my current property…
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Do you need to pass AML checks to buy a partner's ex out of the house?
I have enough money in cash to buy the ex out, but have transferred it frequently to take advantage of cash ISA interest rates and not kept any paperwork. I can trace most of the money back to an ISA I held in 2019 but have no idea where it was before that. None of the banks I currently hold accounts with have any records…
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Ground rent under leasehold reform act
If I buy a flat now which the previous owner paid ground rent on, do I just pay a peppercorn rent because the lease I sign is a new lease between me and the freeholder, or am I considered tied in to the previous owner's lease, and would only have a 'new lease' if the term was extended or something? I notice that the estate…
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Would love some feedback about my house
My house went on the market on monday 10th march i got one viewing on friday but would love your view on my house.
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First time buyer - LISA - £450k threshold query
Good afternoon all, Me and my partner are currently saving for our first home and both have LISAs. For obvious reasons, we're going to be buying a property for no more than £450k, but what I haven't been able to work out is whether the restrictions apply to property sale price or the mortgage which we will take out. We are…
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Escalating ground rent - RPI
I've recently had an offer accepted (£320,000) on a flat with an escalating ground rent clause and I'm unsure whether this could cause issue later down the line when it comes to selling. The ground rent is currently £500 PA, increasing every 10 years inline with RPI. The next review date is December 2026. This will be the…
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100% Second Home Surcharge Council Tax
Hello - I own a property jointly with my father which we live in with the rest of our family. We both do not own any other property. For some reason I received my council tax with a 100% second property surcharge which I believe is incorrect. Can someone help with this, I believe this is an incorrect charge, or is there…
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Change of House Name
Hi all, We've just exchanged contracts on a house, and should be completing next week. Currently the house has 'Guest House' in the name of the property. We won't be running it as a guest house moving forward, does anyone know how to change this? It appears as this everywhere you search for the house. We will be based in…
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Ex local authority flat please help
Hi I need so guidance to hopefully put my mind at rest. I have made an offer on a flat and I am going through the formal mortgage application. I am extremely worried about this because it is worrying I have good credit and I thought I would reassure myself by reading the lending criteria of virgin money. To me great…
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New build defects
Hello So I moved into a ground floor flat in November 2022 it is in a block of 4 flats that had been newly converted from a previous office. When I purchased it was leasehold and I noticed an issue with one of the windows which seemed to be leaking at the bottom corners not much but I contacted the developer and he gave me…
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7 year rule for IHT
Hi all, Again I need some clarification about gifting a house and 7 yr rule for IHT. So we have gifted our house ( previous threads deal with cgt, and down sizing etc), to our son as his main home. We signed and dated the tr1,ap1 and deed of gift and sent these together with id1 forms to Land registry They have emailed…
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Maintenance costs on a deceased estate
My dad died several years ago, he had a will trust. The beneficiaries of this are different to those on the estate of my, now, late mother. The percentage of the estate going the beneficiaries of those on the will trust are higher than those on the half now relating to my mother's estate. The beneficiaries on my mother's…
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2nd home becoming main residence
We have sold our main residence of 20 yrs. We now intend to spend most of our time in our 2nd home of about 6 years. So does our 2nd homes now automatically become our main residence? And how do we make the change? As this will have a positive impact regarding Council tax.as a 2nd home in Wales we pay more than a main…
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House purchase for children
My husband and I bought a house as an investment in our young adult children's name for their future. We would like to let it out and claim the income for ourselves to recoup some of the funds we used to renovate it. We know it is listed as additional income for tax purposes and would do that but can we let it out as our…
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House Sold Under Our Feet
Hi, looking for some advise. We put an offer in on a property last Saturday, the properties owner has passed away and a solicitor has been instructed to sell on behalf of the next of kin. Our offer was below asking price but was told by the estate agent that this is what we would have to offer, for it to be put to the…
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Funding stamp duty and solicitor fees
We are downsizing and will have about 200k in cash at the end of the sale and purchase. The stamp duty on our purchase will be about 13k and the solicitor fees about 4k. I had assumed that the part of the 10% deposit received from the buyer not needed for the purchase would be available to pay the SDLT and fees after…
