-
Damp problems for FTBs - is this wise?
Hi, My partner and I have been becoming disillusioned with the size of the places we can get for our money (£225,000) in North London. However, we've now seen a great flat we want to go for for £215k, with 2 beds, a garden, big kitchen etc. The problem is the damp. The estate agents have had a quote of £3k plus VAT for the…
-
Id
There are a few spanners in the works as usual, but shouldn't, in theory, be too long off exchanging and completing. It's a silly question, but will I need I.D. for anything in these last stages... signing the contracts, for when collect the keys from the E.A.? My passport is my only form of picture I.D. and it expires on…
-
should i sell or lease???
hi all, i currently have a 1 bed flat worth about £115,000 with a mortgage of £45,000. we really want to move away from the area and buy a house as my wife is expecting our first child. the question is should i just sell up and use the money to buy or should i use the equity and remortgage and rent the flat out? i could…
-
Planning permission for an extension
A quick question, if I may: I'm looking at a 2 bed end-of-terrace which is newly constructed in an existing row. Effectively the owner of the original E-O-T applied for planning permission to build another house on the side of his. This planning permission was refused in 2004, and the appeal was refused. Obviously he must…
-
Time Scales
Right, what are the time scales for buying a house? We put in an offer on a flat last Saturday (week ago) and it was accepted. We appointed a broker and have paid for the survey. For various reasons, the brokers mortgage has come back with a much higher percentage mortgage rate than we expected and i asked another broker…
-
Bad Debt at my new Address
Not sure if this is the correct place to post this but here goes ..... bought a house last month the house had been rented before to various people - it appears a number of previous tenants have a lot of bad debt. I keep getting their mail .... im most cases I have returned the letters unopened, but a few I've had to open…
-
Is my house selling idea crazy?
:confused: Basically, my house is for sale on market for £170000 with £72000 left on current mortgage. I have seen another house (bigger) that still has potential for financial growth in "the other side of town" which will need £25000 refurb over time for £165000 Current house is in a busy "cool to live in" part of city…
-
First time renting - some advice please
Hi everyone, Looking to start renting with my girlfriend next summer as she'll be out of uni and into a work placement. She'll be hopefully earning between £12-18k starting salary. I currently earn 14k basic, but there's a performance-related bonus on top. This currently only pushes it up to around 15k, but by next year…
-
I'm exchanging today (hopefully!). Keep your fingers crossed plse!
Hi At last, I am supposed to be exchanging contracts today. But then again I was supposed to exchange on Friday, but the solicitor at the top of the chain had knocked off early and had not left authorisation for anyone to exchange on his behalf! I've worried all weekend that there is more to it than meets the eye. Can't…
-
first time buyers
hi. me and my gf are looking into buying our first home. be it a flat or 1 or 2 bed small home. we are not sure about cost of bills. we know how much the morgage will be, but not the monthly bills we only got to go by what our parents pay but they are 3 and 6 bedroom homes with loads of ppl. what would we be expecting to…
-
putting an offer direct to the property owner
hi i am going to make an offer on a property that i recently viewed. the owner of the property said to me that he would prefer if i made the offer directly to him rather than through the estate agent and said that he would consider it if the offer was close to the asking price can anyone advice me on what i should do and…
-
Joint investment - How to mortgage ?
I'm considering entering a renovation project with my in-laws. I'm planning to raise half the deposit on my current mortgage and then take out a new short term mortgage on 45% of the value of the new house. Are lenders ok with this sort of thing ? Does taking joint ownership of a property (even just short term) throw up…
-
stay with mortgage or rent and release equity?
I am new to this forum but would appreciate some help. At present we live in a house with seven years to go on the mortgage.We are finding things very hard financially with only one wage coming in. Recently we have been looking at apartments to rentand think that if we sell the house and invest the equity, this will go a…
-
Should I sell or can I budget?
Ok I'm going personal...bear with me for the house bit. I am married with 3 children. I run 1 car. I am trying to work out a budget using Martin's plan. After monthly direct debits, I have £1781 left to pay for food (£541), diesel (£160) children's activities (£175 all in), holidays(£250), Christmas (£150), birthdays…
-
holiday home let?
Does anyone have any experince of buying and letting out a holiday property? I suspect this may be just a daft notion on my part - flights of fancy are not usually my thing, but I would like to know I have dismissed the idea wisely if I don't go ahead. I have paid off my mortgage and have some savings. I am a single…
-
Council RTB & Mortgage Valuation
Hi all, am thinking about/hoping to buy my house on the RTB scheme. Now I know I submit forms & then get a valuation from the Council, with the amount it will cost me to buy my house (and the discount) ie £145,000 for house and £38,000 max discount. However, what is the situation if, once I get the mortgage ball rolling, a…
-
Offshore companies how do they work?
Hi I'm looking into buying a commercial property at auction. There is one property that I'm looking into. On the legal pack I've received for the property it shows that the property is owned by an offshore company however the person who owns the offshore company is based in London. I'm a bit mystified why someone who has…
-
Are There Any Pitfalls Buying A House With Tenants?
We are thinking of putting in an offer on a property that is at present tennanted. Is it the current landlord's job to give them notice or would we have to do it? Are there any other concerns we need to think about in this situation. Many thanks :-)
-
FTB question - paying deposit/ stamp duty
When does the deposit/ stamp duty need to be paid? Is it on completion of the house purchase?
-
Shop Around For Solicitor
How much should we be looking to pay for solicitors fees for a move to a house valued at £90,000? We are FTB and so, the solicitor does not need to do anything at our end. Are fees roughly all the same or should we shop around? Thanks
