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Joint Ownership but Sole Mortgage
Hi, My partner and I are planning to buy a flat with joint ownership. We have been saving the deposit together for sometime. However since I'm currently unemployed, we are planning to get a sole mortgage, only based on partner's salary (which is sufficient). So, I will have my name on the property ownership but not on the…
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Solicitors and Banks seeing existing debts
Hi there, I was told by my friend, who is an accountant, that if you put forward a certain percentage deposit on a house (he thought it was 30%) the solicitors or banks do not have to see bank statements, and find out exactly what you owe already. I am teetering around the 30-40% deposit so would be very interested if…
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Seller lives abroad - are there any potential issues?
Hi there, we have placed an offer on a house and the estate agent has informed us that the vendor lives in Ireland (not sure whether it's Northern Ireland or Eire yet). The only issue we have had so far is that the the estate agent is having trouble getting in touch with them to convey the offer. This led me to thinking,…
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what do upon completion?
We will be completing soon fingers crossed. We just need to agree dates. How do you arrange the utilities (Elec,Water,Phone) and insurance aspects when moving. Did you change the locks on the first day of moving in? Any other tips would be welcome.
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Sellers Agents Mortgage Advisor
I have an agreement in principle for a mortgage and have made an offer on a property. The Estate agent marketting the property has asked that I speak to the mortgage advisor that they always use and recommend. The agent said that they do this as a matter of course to "vet" people and ensure that I'll be able to meet any…
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FTB In process of buying still totally confused!
Hello I have posted on here before, im a FTB, in process of buying and im still so confused about how it all works We put offer in on Feb 11, which was accepted, processed full application for mortgage on Thursdsay 15 February, this was with C&G and was fast tracked apparently, so should hear back in 2 weeks or so,…
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HELP! Newly single mum in need of a house!
Having recently split from my partner i have unfortunatlyfound myself and my young daughter back at my parents house. I am desperate to rent a small house but i am finding information very confussing and conflicting. Currently whilst searching for work i am on income support (I was living abroad so no job here yet) Through…
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Shared Ownership help!!!
Hi guys Me and the other half are thinking of getting a shared ownership house in August. Confirmed to the estate agent that we were interested today. Anyway just a few questions do we have to find our own mortgage of 55,000 or does the estate agent offer us a deal. The reason why i ask is i was on the phone to the estate…
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Stamp Duty!!!
We have just worked out that our possible "downsize" would cost us £8-9K in stamp duty on the kind of property we were thinking of buying :eek: We've seen a book "How to avoid Stamp Duty" by Russell Eaton costing about £25 :eek: Has anybody seen a copy of this and know if it is worth buying??? Or failing that any websites…
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Mortgage Advisor Discretion
Hi Guys Hope you can give me some freindly advice and some reassurance hopefully! Me and my OH are looking at moving very soon. We are intending to put our flat on the market next week. To cut along story short, due to myself changing jobs recently (and now being payed on the last day of each month, as opposed to the 24th…
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do repo houses typically cost less than open market properties?
Have been to see a potential property which is an reposession advertised as offers over £75,000. Nothing in nearby area to compare with except nearby property in 2005 which sold for 95,000. repo needs quite a bit of work although is mostly cosmetic i reckon £5k will do it. Honestly though, with all the fees etc, i dont…
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Buying a house that has been sold with dual agency
Should I be worried? I have bought (STC) a house through one ea (who has clearly marked the property as SSTC) but the property is still being advertised by the other ea as 'for sale'? If a new buyer was introduced by the second ea could I more easily be gazumped?
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Survey Before Or After Making An Offer
My daughter wants to bid on a cottage type flat (Scotland) the closing date is this Friday - there are a few similair properties in the same area with varying asking prices at the offfers over system, shoud she pay for a survey before making an offer to give her a guide as to her price, as she does not have a large deposit…
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Owning freehold to the flat below.
The property search continues. I've seen a flat which I'm really quite interested in. It's the top floor of a converted house and the details say that the top floor owns the freehold to the whole building. Now, please excuse what may be a very dumb question, but... is this a good thing or a bad thing? If i went for the…
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Survey results back... House is overvalued!!!
To anyone thats followed my house sale/purchase over the last 8 months(yes 8 months) may of realised I must be the most unlucky person at the moment! I had finally found the house I loved, scrimped and saved to afford it and the surveyor just come back to say its overvalued... Originally it was on at 139950 and within a…
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Should our estate agents be doing more?
We've been on the market four weeks and had 10 viewings but no offers. The feedback we get is that our house is lovely but either a little too small or the lack of garden (only a courtyard). The house is on the market for £149,950. The two other estate agents we had over to value our house put the price as quite a bit…
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Are young people today worse off than their parents?
Stuart Law, MD of Assetz said the nearly £200,000 average asking price was out of reach of many first time buyers. He said: "Young people today are the first generation to be considerably worse off financially than their parents, so we will see more people in their fifties and sixties releasing equity from their homes to…
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How much does it cost to sell
Sorry if this is a silly question but I would like to have a rough guess at how much selling and buying would cost us. I figured that stamp duty will cost us £1600 approx based on the 1% selling fees for estate agent £1500 based on 1% and then solictors all in at around £1000 does this sound about right am i missing stuff,…
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How long did it take you to sell???
sorry i duplicated by accident
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How long did it take you to sell???
Hi everyone, Having decided its time to move on our house went on the market friday 16th. I am excited as you would imagine and just wondering how long it would be before i got some interest. How long did it take you to sell yours and were the buyers running through the door as soon as it went on the market??? lol I think…
