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FTB, large deposit-effects of crash?
Duplicate-ignore please!
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FTB, large deposit-effects of crash?
Hi everyone, Thanks for the previous advice, Ive come back to pick your brains again! Im a FTB with £52k deposit, gross annual income of £15k of which I net £990/month. I have seen a 1 bed flat, asking price of £85k (£200/yr ground rent/£0 service charge, 100+ year lease). 1) What would your first offer be? I know received…
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Schemes for the elderly to raise payment-free money on a property
Sorry about the unwieldy subject line, but I don't know the correct name of what I'm talking about. An elderly relative is faced with the prospect of having to put his wife into a nursing home. They jointly own their property (estimated market value around £190,000) and have no mortgage. He has asked me about the…
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Mortgage or Savings help.
My partner is going to sell his house to move into mine. What we are wondering is if it is best for him to put the equity from his house sale into my mortgage (making it a joint mortgage) or to put it into a high interest savings account. How does this affect taxation? If the money goes into the mortgage does it get taxed…
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Cost of kitchen and reducing offer
Hi I’m a first time buyer after some advice. I’ve had an offer accepted on a terrace house. One big drawback with it is the kitchen – its very small and would have to be extended although the extension could go into the outhouse that is behind it. My questions are How much would you estimate you should take off the asking…
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Boiler damaged by power surge?
Hello. We received the keys to our new house about a month ago, and a few days after we got the kays, we went around the house checking everything worked. We checked the hot water and heating - all ok. A few days after that, there were several electrical disturbances due to the electricity distibution company (YEDL)…
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Dampco! or not to Dampco!
I've just had a report back from Dampco about a house I'm buying. They said it need a new dampcourse and advised against us living in it whilst the work is being done because of the mess etc. Years ago I had some dampproofing done at another house and the company drilled holes from the outside, there was no mess inside the…
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agents description of my house
We have just put our house on the market and I'm beginning to think the estate agents are not really on the ball. For instance it took them a week to produce the draft details - in the end I walked to their office and collected it from them. I would have thought this was the first thing they should do and not exactly…
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Cost of Renting From the Council - Different for Each Tenant
My mum has just been allocated a sheltered housing flat locally. She has signed her tenancy agreement but, before signing it, she queried the cost of rent and fortnightly cost of warden/use of washing machine etc etc as her sister, who also has a flat in the same block, was paying a different price. The Housing Officer…
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Beware Remax Estate Agents!!!
Anyone thinking of buying/selling with the estate agent REMAX, I would have to warn them to seriously think twice! They are amatures who are out to make a quick buck and will mislead (polite word for lie!) to make themselves money as they are self-employed. They are not registered with the estate agent council so there is…
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had my homebuyers survey: please advise, not sure what to do.
Hi Would really appreciate a bit of advice... what would you do? Basically about 3 weeks ago I put in an offer of 108,000 on a top floor (2nd floor) 2 bed flat (was on market at 112,000) in an edwardian/victorian style building, (high ceilings etc) on a main road, above retail premises (car dealership), in a town on the…
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The costs of selling...
I'm currently in the process of buying a property for £140,000. It is worth around £180,000+ and so, I am hoping to sell it ASAP thereafter. I'm a first time buyer and my question is, what costs am i likely to incur from the sale? I've been told that if people sell their houses before they've lived in them for two years,…
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PLEASE HELP! Have the council broke THEIR Tenancy Agreement
I have lived in a 3rd floor flat in Sheffield for 2 and 1/2 years now and since we moved in we have been complaining about the lack of ventilation in the communal stairway, there are Somalis who live in the same block and when they cook, it stinks the whole flat out, also, the other residents smoke cannabis! The…
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100% mortgage and still a deposit?
Hi, we are buying a property (ftb) and have been given a completion date in mid august. My solicitor mentioned we would need to sign the contract soon and provide the deposit. I mentioned that we had a 100% mortgage. Solicitor said can't you afford any deposit? I said we had a 100% mortgage... Solicitor said can't you…
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Landlords mortgage co going for possession
Received a notice of commencement of possession proceedings in the post addressed to the "occupier" stating that x bank has commenced proceedings against y (our landlord) for possession of z house (ie the one we currently live in & rent off y)....with a court date of a little over 2 weeks away. After a mild panic have got…
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Leasehold flats and Sky TV
Hi everyone! I'm after a bit of advice on our property we are wanting to sell, please bear with me! We accepted an offer yesterday on our flat from a woman looking to downsize, and we have offered on her property. My problem comes that she has to have Sky TV. We live on a new development (3 years) in a block of 6 flats, we…
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Moving with Children
Hi all, I’m looking for some advice about moving house with small children. We’ve got the actual day sorted (they are going to my mum) but what I’m worried about is how they are going to react to the new place. We have 2 girls, age 2 and 4 years. For both of them this is the only home they have known. To confuse the issue…
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Conveyancing - who to choose?
We are looking to buy a house and need to appoint a solicitors. We have no experience of this type of thing- our building society have recommended someone but we have no idea if they are a good deal or not. Are there any moneysavingexperts out there with advice on finding good value solicitors for conveyancing?
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landlord not paid morgage help
a friend next door has lived in her house for 11 years she bought it from the council 6 years ago she had a lot of problems so ill cut a long story short she remorgaged twice then about a year and a half ago she sold her house to a buy to rent cowboy he set her rent at £200 a week she had problems latly paying the rent i…
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cash buyer - joint account ?
quick question. we are selling our house (owned in joint names) and we have a cash buyer. our estate agent has told us that this must be paid into a joint account. is this true? as we both only have seperate accounts :confused: thanks to anyone who knows
