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Why is this house not selling
Hi our house has been on the market for 2 years. Lots of viewings but no offers, reduced the price earlier this year. Can anyone suggest anything that we can do and also why it’s not selling please (Link removed by Forum Team)
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Seller signing on daughter's behalf
Our seller lives with her two daughters in the property and has just informed us, as we near completion, that she will sign on behalf of one of her daughters to confirm they will vacate the property upon completion. She explained that her daughter lacks the mental capacity to sign and that she will sign as her deputy. We…
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House used by Charity for holiday relief for families convert to private residential
HI. I've in the process of buying a house. House was originally built as a residential house, it's on a modern housing estate where all other properties are residential. Its original owners sold it to a charity who have used it as a holiday home for families with sick children. No changes have been made to the house. I've…
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Purple Bricks' Lifetime Guarantee
Hi, we paid Purple Bricks' agency fee 4 years ago on the basis that it would be honoured whenever we chose to sell our house. I've now been advised that the new owners of the company will only give us six months to sell our house, after which we lose our money (c£1700). Anyone know if there is any way of challenging this…
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Separation (unmarried) with joint mortgage
Hi all, My partner and I are separating (unmarried) but we are joint mortgage holders on our property. My partner wishes to buy me out potentially, and we understand that this means new affordability checks etc for them in the mortgage. We have a deed of trust and discussing split of equity etc. I have a few questions i…
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Memorandum of Staircasing
After some advice is possible, please! I am currently in the process of buying an ex-shared ownership property which is now owned outright by the current owner. The memorandum of staircasing was never registered with the land registry which my solicitor has been questioning. We have had confirmation from the leaseholder…
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Lease extension when putting a flat on sale
We have a flat in London that has 86 years left on the lease. We are planning to sell the property in March / April and wonder if we should do the lease extension as part of the sale? If we were to start the process now, how does that work with the sale anyone know? That is, do we have to complete it as part of the sale…
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Sale of Personal BTL Property to Ltd Company
Hi, I currently have a BTL property (flat) in my own name that I am looking to sell to my limited company so that the property is fully in my ltd company name. This is for a multitude of reasons. The Ltd company has sufficient funds available for the deposit and 5% SDLT that is required to purchase property. The rest of…
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Co-own house I don’t want. How to get rid?
I was gifted a share, along with 2 others, of jointly owned property years ago. I did not want to sign form as aware of cgt. However, to avoid further quarrels I agreed. Now we are owners of house but other two refuse to sell house, remove furniture and somebody is living there part of the time. I have spent nearly £2,000…
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Buying a property with a swimming pool next door
I am in the process of purchasing a property, however the neighbours have a swimming pool installed. Does this mean I am within 400m of a body of water for the purposes of our home insurance? It's a question that is asked in most comparison sites, - I'd welcome anyones's considered opinion. Also, any other risks with…
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Leasehold Information Packs
I
am selling a leasehold flat. My solicitor has paid the managing
agents, a bunch of shysters with a one star (out of five) rating on
Allagents, £420 for a leasehold information pack The previous MA,
with whom I am on good terms charge £240 including p.a. for this
service. I
realise that this is unregulated at the moment,…
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Rural House - Opinions Wanted
Hi all Hoping you can help me! I have been
looking for a rural semi/rural house to buy for some time now and had a VERY
frustrating search and two failed purchases. There is a house that I viewed last September that I really love and
which is still on the market. It ticks pretty much all my non-compromisables,
however…
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Landlord responsibility of bills
Hi there, I'm hoping someone can help. I had a tenant in the middle of tenancy, that wanted to leave. We agreed early termination of tenancy of 3 months of which the tenant would pay rent and all bills for the next 3 months. A week later the tenant handing the key back but continued to pay the rent on time. Whilst doing…
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Shrink Swell Hazards for 1940 built houses
I am in a process of house buying in Harrow, North West London area, report suggest that my house and surrounding houses have a high shrink swell hazards My solicitor suggest "property is at a very high risk of shrink swell hazard, together with a low risk of natural ground subsidence" Now I don't know what I can do but…
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SDLT on Shared Ownership Staircasing
Hi I wonder if you can help. I own 35% of my flat under shared ownership arrangement, with housing association owning rest, 65%. I am about to staircase to 100% in next 2-3 weeks. As it's Shared Ownership I understand we had the option at the time of purchase of deferring Stamp Duty or paying it all upfront on full market…
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Thinking about helping relative with bridging loan
Hi I have a relative who is selling a property. He has seen a property he wants to buy and is desperate to get it. So much so that he's thinkig of taking a bridging loan. I dont know anything about bridging loans, but presume theyre expensive. As it happens, Ive got a chunk of cash thats been sat in a fixed savings account…
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Moving out of a rented property after 15 years - what condition should I leave it in?
I have been renting for 15 years and will be moving out in a couple of months. The house is old but had been renovated and redecorated immediately prior to us moving in back in 2010. Since then we have not decorated or replaced any flooring (it's a mix of carpet and lino). My question is, when we move out, we will of…
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When should I buy?
I am currently am renting until May but have saved up £230K which I want to use to buy a 2 bedroom flat. When should I start the whole process so that I will be able to move there in May? I tried to look this up but get all kinds of answers.
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Inherit house I live in
Hi, my family and I live with my elderly aunt. The house has a mortgage in my aunts name. I will inherit the house when she passes (she is quite unwell with an incurable illness). We don't have any formal rental agreement in place but we pay all the mortgage and 50/50 household bills. If she passes, can we carry on living…
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£450k investment
Hi all, I have £450k to invest for an income and am not sure whether to purchase a buy to let property or put the money in something like an NS&I Bond. I'm 52 years old with no pension and I'd like this to provide an income with as little risk as possible. I have no experience as a landlord and would probably look for a…
