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Cashback.
Although our house is competitively priced for the area (180k, 4 bed detached) we are considering offering 5k cashback on completion rather than drop the price by the same amount. Seems like a good idea to me but is there something I am missing? good idea or not?
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I am liable to CGT on selling rental home
purchased my flat in 1997 for GBP 30,000 lived in it for a year before moving in with boyfriend now husband.. Rented out from 1998 to present day. Currently worth GBP 85,000 I have not used my allowance for this year... House in my name only. I am a House Wife with no other income Considering selling it and want to know if…
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What %age of your salary is your Mortgage payment
Many of the posts these day seem to reflect people having very little spare cash everything going into the mortgage. What %age of your household take home pay do you spend on your mortgage? My mortgage is 11% of take home pay? A: less than 15% B: 15% to 30% C: 30% to 45% D: 45% to 60% E: 60% or more
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should my solicitor pay?
Hi there - I have recently exchanged on my house and at no point did my solicitor mention to me anything about an "uplift" of an existing indemnity policy. Basically my house is accessed via a private - undopted lane - noone knows who owns it. When I moved here I paid £400 for an indemnity policy however having exchanged…
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Asking price help !!
After sacking the EA we are now ready to actually go on the market after serving the 2 week notice (and not being marketed at all for 2 weeks!!). Anyway I have already dropped the asking price to 169,950 (valuations were 185 / 175 / 175 going on comparables. Now comparable properties seem to go on at 165 - 175 and then…
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Repossession - mortgage lender valuation
We bought a brand new 2-bed apartment in the Greater London area as a Buy-to-Let investment in June 2004 for £249,950. The apartment was repossessed by the mortgage lender in October 2006. We have just been informed that it has only just been sold (July 2007) for £225,000. This is despite the fact that property in this…
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Country Wide?
We've just received the paper work regarding our buyers solicitors and they happen to be Country Wide, there using the ones through their EA, Geering & Colyer. But I'm having bad vibes about it because I found this site which looks pretty awful for our buyer and possibly in the long term for us, we decided to go through…
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to buy or not to buy
My husband and I live in tied accommodation with my husband's job. We owned a house until recently in Scotland and have just sold it. The grand sum of £167000 is now sitting in my on line savings account. Any advice on what we should do with this money. 1. put it in a high interets account 2. another form of saving 3. buy…
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Shared Ownership
Hi, i'm a newbie here. Got myself a bit baffled with all different stuff going on!!! I'm looking to buy a house but buying in our area is a bit out of our affordability range. There's a block of new flats available at 25, 50 and 75% shared ownership. We need a 100% mortgage as I have no deposit, also I have a 2 year old…
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Damp in valuation report
EA has offered to contact a damp proof expert who will inspect purchase property for free. I can attend the inspection as well. I don't see any probs with this as the damp proof company have nothing to lose by giving me a low quote. If there is damp is it standard to offer vendor lower price to reflect the extra work…
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poll on mortgage board
hi I am trying to get a cross spectrum of people so if you can spare a few seconds to take part, it would be much appreciated. many thanks http://forums.moneysavingexpert.com/showthread.html?t=512533
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Will we end up homeless?
Basically bit of background.. we are in the process of buying a shared ownership house (we rent so no chain), the housing association have said from the start that we will move on the 21st of Aug, this is still the case from speaking to them..BUT we have had our paperwork from the solicitors this morning, we are at the…
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URGENT....Repossession -v- House Sale
Hi all We currently have an order of possession from the court which ends on Tuesday. We are currently in the process of selling our property which we accepted an offer on the 9th June for. My questions are:- 1 We won't make much on the property so should we let them take possession? 2 If we countinue with the sale, we…
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Travelling for a Year and renting out our Flat. Checking I've got this right?
Hi All, Going off travelling for a year in NZ in Nov and I just want to check over what I've found so far. I want to make sure I do everything above board! We will rent out our flat which alas (and as antipated) will yield a shortfall on our capital repayment mortgage - fixed until Nov 08. Shortfall will be approx £200…
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Is this a good investment for completion in 2008?
Birmingham City Center, Snow Hill Area (Financial district) New Build Studio with separate sleeping area / Juliette balcony - £99950 Is this a good investment for completion in 2008? Looking to sell at completion or rent out .. dunno which is better yet.. Please comment as I am undecided due to slowing market , i have put…
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London Market
Is the London housing market a completely different animal to the rest of the uk? I've been hearing a lot lately about how the housing market is slowing down and that it's now a buyers market.But where I live in London it seems to be the opposite. Houses sell very quickly and the only price drops I've seen have been when a…
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Bit of dampness!
Currently buying a house and we've had a full survey done on it as it's a bit neglected, had some previous extension work done, and we're planning on having some further work done ourselves. Now the survey pretty much confirms everything we expected but while testing for damp the surveyor found a few patches and has…
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What if repossessed?
I am going to be a FTB - just started looking in the market. I have a question (may sound daft to you though). Suppose I'm buying a £150k house. Say I paid £15k deposit and taken £135k as mortgage. Say 1 year down the line, I'm unable to pay the mortgage. Suppose I paid £10k in 1 year. I understand that in that case, the…
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Moving House - awkward Seller and Council Tax Query
Afternoon All Couple of quick questions i hope i can get some answers on. 1. We're moving house in a few weeks (hopefully) and i'm trying to work out what the situation is with respect to the council tax. We're moving up to a house in the next band up and moving during the payment year. Currently paying over 10 months so…
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Rant about buying my house!!
completing on my house today - though with no thanks to the surveyor/building society they've really !!!!ed me off these past few weeks/months!! The house is one in need of refurbishment/repair and I'm buying at £63,500 - getting a mortgage of 54,000. When the survey was done - it said to get estimates for damp work ,…
