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Late rent payment calculations
Hi I wondered if someone could help. I went through a divorce and got my house which had to be rented out as I needed to leave town. I have had tenants in since June 2022. Renting at 1500. Rent since then hasn't been increased. On the whole good tenants. I have immediately reaponded to any issues i.e. blocked drains etc on…
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Question about social housing and having a garden
Hello all I posted a few weeks ago about queue positions on the register. We are now at position 1, and the bidding closes today. I know this doesn't mean we will get it, as things may be changed according to needs/priority but what my question is, the GP mentioned in the letter how useful a Garden would be for our child…
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at a standstill any advice???
Dont know if this is the correct section so please feel free to move and I may be a bit sketchy with details as this is for a friend. Brief outline.....They put an offer on a house in 2020, the owner had suffered a stroke and was in a nursing home, no family. everything going through but just before contracts were signed…
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Checking if house is former social housing
Is there a way to check if a certain property was formerly social housing before it became privately owned? I don't know if there is an online database or procedure to check something like that.
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Mortgage with high debts
Hello not an ideal situation but a bit of back story. We moved with 3 children in to a house that needed A LOT of work to make it habitable. In doing the works we have racked up around 65k debt between loans and credit cards. We have a decent wage between us of around £110k per annum so are managing with the debt although…
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Question on whether I should rent out my property
we're thinking rather than selling our property we could rent it out instead, however as I was researching I was reviewing the tax bracket being 40%. I wasn't sure if it was worth it.. The current mortgage is under my wife and I and it's roughly £1000 a month if we were to rent it out we'd be getting £1300 a month. My…
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Staging for viewings or not
About to begin the process to list my 5-year old two bed flat (new build when originally bought) with a local estate agent. No valuations or decision on agent yet, as considering whether to furnish/'stage' the property, as currently all my own stuff has already been moved abroad as I'm emigrating. How important is it to…
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LIQUIDATION
Afternoon All. We live in a Park Home manufactured by a company called Tingdene. We have been having problems for over a year with the outside of our home. Tingdene accepted responsibility and told us that they would replace and repair the damagned walls this year some time. When we chased them on Friday for an update we…
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Selling BTL- claiming land tax back
Hello, I’ve been renovating my first BTL and it has no tenants yet. I thinking of selling it as the Gov is clearly not going to make it work for us. If I did, I’ll be hit with an ERC which I’ll need to calculate in along with other fees, but does my one know if I can claim the land tax back on it?
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Freehold property with Unregistered Leasehold Title
Hello, I’m in the final stages of purchasing (what I thought was) a freehold property, but at the very last moment my solicitor has informed me that there’s an unregistered leasehold title which cannot be removed as the seller and the Land Registry do not hold an original copy of the lease (and the leaseholder is…
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McCarthy Stone Building Issues
Hi, I am currently in the process of a formal complaint with McCarthy Stone over a leak that has already been repaired twice, but is still not fixed. It is over 4 months since being reported to their Buildings Team again, and was raised as a formal complaint over a month ago. Has anyone else had a similar experience of…
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Pulled Offer Post Survey
Hello, I've recently had an offer accepted. The house was pulled from the market and listed as 'Sold STC'. The house is old, over 200 years old. I arranged a RICS level 3 survey of the property and it came back a week later with 8 elements falling into category 3. Most other elements fell within cat 2 and just 4 into cat 1…
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Issues with the survey
Hi, we are in the process of buying a house. We are cash buyers and are buying a house which is empty so this is a very short chain. The seller accepted an offer of 10k below the asking price because of our strong buying position. The house was surveyed on Monday and our surveyor called last night. He is in the process of…
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What is everyone’s experience on breaking the chain?
We are currently selling our first house and buying a bigger house due to family expanded. Our buyers are FTBs and the property we are buying has no onward chain as the vendors are separating and going into rentals (we believe one of them have already moved out so just the lady with their 2 grown-up kids). The sale on our…
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Freeholder blackmailing me on previous owners internal changes
Hi, I am in the process of selling a leasehold flat. When I bought it the copy of the lease I was given was very poor and the floorplan contained in it was feint and barely readable. Now I'm selling my solicitor has provided a much clearer digital copy from the land registry that shows the floorplan more clearly, and it…
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Purchasing a new house located in a low flood risk but surrounded by Flood Zone 2/3.
After a long time searching for a new home, we have found a house that ticks all of the boxes. However, following on from our initial research, the house is in a low risk Flood Zone but surrounded by Flood Zone 2 and 3 due to the local river. The actual development is not in FL2/3 and is classed as very low risk. The…
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Any experience with insuring against tenants not paying rent?
Hi all thanks in advance for any helpAs a long term landlord I’m now getting a bit older and need more certainty, especially with the proposed law changes i was wondering if anyone out there had any experience either good bad or indifferent regarding insurance against rent default? I realise tenants have to be credit…
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Tenants family member being abuse
I am writing in need of advice on how to proceed further. I have privately rented a 3-bedroom house to a family consisting of an elderly couple on housing rent, along with their 2 adult sons and a daughter. The rental agreement is in the wife's name. The issue at hand is that one of their sons has antisocial behavior…
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What can you expect of you want to buy a different home?
It's now gone past the 5-month mark since we agreed on the sale, and the sellers still have not figured out what they are doing among themselves. They are splitting up, won't communicate with each other, and are holding things up. Yet another weekend has arrived with no update as to what they are up to. So, I'm almost…
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Buying House I'm Renting
LL has informed me they are wanting to sell the property I am currently renting, but I might be in a position to buy it myself. I have an agreement in principle for an amount that should more than cover it, but is there anything I should be aware of that might be unusual given the situation? There is also a high likelihood…