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Variation of Deed
Guys , I feel 'm maybe being held a s prisoner in my own flat my my freeholder. I purchased the property in 2018 and Skipton my then and now mortgage lender didn't have an issue with lending me 80% LTV or any issue with ground rent. This has now changed in the industry. I have tried over the last 2 years to sell and 2…
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Deed of Gift, or not?
My father passed away, leaving my mum, living in a house they shared plus a second property he inherited 7 years ago, in his sole name.. There is no mortgage and it is rented out. My Mum is the sole executor and beneficiary of his estate. My Mum would like my Brother and I to put the rental property in our names, but she…
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Question about Restrictive Covenants
Dear Forumites, Can anyone advise me on the enforceability of a restrictive covenant. We have a cluster of these on our property, and in most respects they're obviously obsolete and no longer make sense. Some however are a limitation on what we can do with the property and land. The original land owner who created the RC…
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Share of Freehold Issues
I am seeking advice for a problem I am facing with the management of a building that has been converted into four separate flats called the Terrace property. The freehold is owned by three of these flats, while one is a leasehold. There is no clear structure for managing the building, and essential repairs are not being…
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Buy to Let without mortgage Scotland
Just to confirm the property I'm living in at the moment is in my name so would it be better to buy a buy to let property (no mortgage all cash) in my wifes name to save on tax, how much tax would I have to pay on a 2nd property? Just to confirm my wife doesn't have a property in her name at the moment. Also, once the…
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Another damp issue
I'm I'm buying this house (cash buy on sale of my property) it's a 1950's semi and the Level 2 survey has picked up high level readings of damp in all ground floor rooms. The photo by the window was wet to the touch and either a result of guttering not being emptied or water running into the air brick from the drive. I…
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Overseas assets, income or gains
Hello, I apologise if this has been posted previously. I am slightly concerned that my mum (a UK resident pensioner) has today received a letter from HMRC regarding overseas income. She has a property in Spain which is being let. She is a Spanish national and so pays tax on that property in Spain. Will she is also need to…
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Leasehold reform and buying freehold now
I'm having some issues with my freeholder as we've uncovered some changes to the floorplan of our flat made by the previous owner may not have been given permission when we came to sell the flat (its a long story but basically the lease plan in the lease we received when buying wasn't clear so we didn't know the plan had…
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Found a House but need til July
Hi everyone, Looking for advice. We've found a house we like, it's been on the market since Sept last year. Not sure why nobody has bought it yet. (Haven't done a survey yet) it's no chain and we are FTBs, it currently has tenants but would be vacant on possession. We have a mortgage in principle, but to get this house we…
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Fuse box for house is in the garage.
Looking to buy a bungalow hiuse fine but we noticed the fuse box for the bungalow is in the garage and a wire goes across to the bungalow. The garage is detached from the bungalow with a possible asbestos roof. Have put an offer in and going to have a survey Anyone seen similar before. We will get the seller to test for…
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Small claims mediation (reject or accept?)
I have filed in court following a long running dispute and the court has directed us to mediate a solution. The defendant has always and continues to state they are not the responsible party despite this being categorically false. Something i have verified through a number of channels. Due to the nature of the situation, I…
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Unsure whether to switch from Airbnb to Long term let
Hello, Currently have a Airbnb with a 5 star rating but have a nice guest who wants to let it long term. As the holiday met rules are changing next April, I’m wondering whether to change! Rent is 1300PCM and the Airbnb makes 100-200 more including expenses. I’m concerned that if I do switch, when I come to sell I’ll lose…
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Shared ownership single applicant but married
Hi all, I have had a mortgage/decision in principle sent forward to a housing association for a shared ownership property with a 10% deposit and I applied the first day the applications opened. My wife is pregnant and will not be working and being a stay at home mum, so I will have two dependants on my salary which has…
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Helping daughter buy a property?
I’m trying to think of ways to help my daughter get on the property market, she currently pays over £1300 in rent & while she has some savings for a deposit it’s small & her maximum mortgage offer is £270k , however the best property deals seem to go to cash buyers. Is it feasible to lend her the money to buy a property…
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Do mortgage companies insist on buildings insurance with subsidence cover?
We has a prior movement in the property which was monitored from 2018 and addressed and a certificate of structural adequacy issued in 2021. No further signs of movement on the original area. Insurance company has continued to cover the property but has excluded subsidence. I am now selling. Will my buyers mortgage company…
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Selling mum’s home - how to deal with lack of paperwork, regulations or planning
In the next month or so we will have to put my mum’s house on the market to pay for her care home fees. I have power of attorney for her so am going to do it all on her behalf. She still has capacity but feels unable to cope with all the paperwork etc. The LPA allows for me to do this. My stepfather passed away last…
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Structural Survey Back on Buying a House - Advise
Hi all, Just had level 3 survey back on a 3 bedroom terraced house, overall not to bad few condition 2s which can be are more long term things to keep an eye to maintain or easy fixes. Conclusion wise the surveyor has stated Overall, the property is in a satisfactory condition, however properties of age generally require…
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Selling - Open market or modern method of auction(MMoA)
Have researched on the internet so I understand the mechanics, but would like to hear from people who have experienced the MMoA. Inherited property, detached bungalow, circa £300K aged mother in-laws house so quite 'tired' needing work at some stage. My worry is the estate agents are pushing hard on MMoA, which they would…
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Cash gift offer to vacate rented property early
Hello MoneySavers A couple of weeks ago I received my Section 21 notice as the property I rent has been sold, with an assurance that if I were to find a place to go beforehand the landlords would be fine with less than a month's notice. I said ok much appreciated, but haven't looked for anywhere else yet, and have now been…
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neighbors lean to building guttering in our garden
I had an elderly neighbour who sadly she passed away recently leaving property to children who are in the process of selling it. When I brought the property (we did not notice this when we brought it) we discovered later that the guttering to neighbours lean to extension (our fence side) is in our garden and the rain water…