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Our solicitor taking too long, seller wants to abort our purchase
I wonder if anyone has any advice for me on this matter? We're in the process of buying a lease. Our solicitor is uselessly slow and has been taking so long to respond to queries, either from ourselves or from the seller's solicitor, that the seller has become very frustrated and is threatening to abort the sale altogether…
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Selling Home but there's a mortgage dilemma
So I'm in the process of selling my apartment and I have a mortgage. My current deal is about to end at the end of June. So initially I was just going to look for a new deal and port my mortgage but I've now changed my mind and want to pay off my mortgage and rent for 6 months whilst I decide what to do next. The problem…
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Remortgaging due to crazy benefits clause
My friend is in a desperate state. He's just retired and his only income is the state pension. He's eligible for Pension Credit, but there's a clause that prevents him receiving any housing benefit. He's lived in the same house for 25 years. It's in the name of his ex-partner, who left him 7 years ago. She had an…
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Should I buy a flat if they don't have a EWS1 or FRAEW?
Hi there, We have found a great flat but are getting nervous if we should go ahead. The sellers are not providing an FRAEW or EWS1 and mentioned It will be done eventually but it is not high priority based on government advice for prioritization (as its 5 stories). They have however confirmed any remediation will be…
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Extension built by vendor causing massive headache.
My partner and I are buying a property. To keep it brief, our vendors bought this current house before Covid and during Covid redid the whole property. They extended the rear by 2x2m to make the dining room bigger. However as it was being done during Covid, they didn’t get any permission for the extension (building regs).…
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Buying student house for son and 1 tenant friend - what tenancy??
We are fortunate enough to have been able to buy outright a 2 bed house for our son to live in at Uni, together with 1 friend. Son will pay a contribution to bills (from his student loan) but no rent. The friend will rent the second room. The house is in my name. I am not sure what sort of tenancy agreement we need for the…
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CGT ON SALE OF HOUSE FROM TRUST
Hi me and my brother had a house signed over to us out of parents trust inheritance tax was paid by my father originally after my mums death.im selling my half to my brother and wondering am i liable to CGT for my half?we rented it out a while and split everything and that has been entered into my self assessment but i…
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Is secondary glazing an alteration?
Hi there, I'm buying a leasehold flat. I may want to install secondary glazing or plantation shutters to improve sound insulation of the windows. But my solicitor is not sure if these will be allowed, so I'm asking here. The lease requires landlord's consent for any non-structural alteration, and structural alteration is…
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Full Flood Risk Report
We're trying to sell our house and have had several buyers pull out because the Groundsure report shows a medium to high flood risk for surface water flooding at our house. The house has never flooded in the 50 years it's been here. So we've been advised to get a professional flood report as I understand there are some…
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Agency fees and inherited property
I've currently got two properties up for sale, my own property and a property that I've inherited which was our family home. My preferred solution is to sell my own house and move into the family home, buying out my siblings' shares but if the inherited property sells first with a better offer we'll take that instead. My…
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Buyer's solicitor not on their mortgage lender's portal
Hi All, It has now been over 11 weeks since we accepted an offer on our house. We are so close to exchanging contracts on our onward purchase, but our purchasers have not yet received a mortgage offer because of initial delays and their solicitor isn't on the mortgage lender's panel and so they had to apply to be on it.…
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Short term let with property management company
Hi all Hope it’s okay to post here. I would appreciate any advice about how to protect myself when paying for a short term let with a property management company. I (well my mum) needs a place to stay for 3-4 months. I found a suitable listing on AirBnB. I have booked the first month on the app. The company advised that I…
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How to work out deposit on house purchase
My son and his partner want to buy a house. Im giving my son £50,000 for his deposit. His partner has £3,000. The costs to buy will be shared equally from other monies. They are looking at £400,000 house Gay and no planned children. Obviously I want to ring fence the respective deposits However the mortgage to be paid…
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Offer acceptable but buyer's buyer has no offer
So how would you guys suggest I handle this? I received an acceptable offer on my house, which has no forward chain, and my buyer is SSTC but their buyer has yet to have an offer or has accepted an offer on their property. I'd like to accept their offer but I don't want to be waiting, and potentially missing further offers…
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TR1 form - buyer completes panel 10?
Our neighbours are in the process of selling their flat along with their share of the freehold. Their solicitors have just written to us asking us to sign the pre-filled TR1 form along with a couple of other documents. However, upon reviewing the form, I noticed that panel 10 (declaration of trust) was blank. When I…
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Loss of FTB status due to inheriting the proceeds of an estate (not a named property)?
My husband owned a property in his sole name since before we were married. I never lived there. Since before we were married it has been rented out and has always remained in his sole name. We have always lived in accommodation that was provided with his job and I can stay here until I find somewhere else to live. He died…
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Buying a possible unregistered property
Hi, I’ve had an offer accepted on a property I absolutely love. The backstory is it was owned by an elderly couple who decided to sell up, sadly the gentleman’s health deteriorated and they sold the property to a we buy any car (but house) type company for what I assume was less than market value. It was on the market for…
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cross wall construction with traditional extension?
Hi I feel like I'm probably asking the wrong questions, but please bear with me. I've done level two survey and found this: The original part of the property is of cross wall construction. Notes: The main walls are of cavity construction and measure around 270mm in thickness where measurements were taken. Cavity walls…
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How to recognise properties which need a quick sale? Hoping for a quick sale and a good deal!
Hi all, I'm after advice once again! I was involved in a house purchase for the last 9 months where the seller was very complicated, to say the least. The property was on the market for 6 months before I saw it, having been reduced 330 -> 320 -> 310 -> 300k. It went to best and final offers, and whilst I liked the…
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Estate rent charge vs Rent charge
Can anyone please explain the difference between the two? TIA :smile: