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First Mortgage Payment
Hi just a quick query. Had my mortgage offer through today and the first payment is huge! The broker says it is to do with interest as the Mortgage company are presuming we settle in 14 days (which we are not) apparently its how they do it. My question is does the day you sign contracts/start the mortgage have a bearing on…
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buying freehold: who pays what if some opt out?
We've recently had a freehold valuation done by a surveyor. There are 10 flats and he's valued the freehold at £40 000. I thought that if some people opt out of participating, that (say the price *is* 40k) the freeholder would still get his 40k so those of us who are participating have to find extra to cover the cost of…
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Sell or rent out?
Hi everyone My mother is in the process of selling her flat. She is moving into a rented warden assisted flat and wants to use the proceeds of the sale to pay the rent on her new place. Two days after putting the flat on the market she found a buyer, but that was in August. Since then the buyer has had difficulty getting a…
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Council Tax ?Unfair
Hi I have just finished speaking to the lady at local council and learnt that I need to pay 50% council tax for not living in the house! i was told there is 6months exemption only if the house is totally empty ie without any furniture etc and will revert back to 50% My situation is I am movinng out to rent in a different…
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Last month's rent/Bond
Hi - just wondered if anybody had some advice. We have a tenant who has given a months notice to leave the property she has been in for two years. She has informed us that wants us to keep the bond and then not pay the last month's rent. This is fine if there are no problems with the property after being checked but if…
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Taken to small claims for missing rental payment, help.
Hi I am new, would appreciate any help possible. From the start, here goes... I moved into a property in May 2006 paying a deposit, agency fees and a months rent up front. All was fine until late September when i was contacted by my landlords secretary and informed that my August rental payment was missing, this being the…
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Problem Tenneant
Hello All I am after some advice i live in a coverted house with the ground floor and first floor flat. The first floor flat is rented out and we have a communal door with a lock. I have spoken twice to the tennet upstairs in relation to keeping the communal door locked at all times. When her friends come round they are…
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Household budget
Not sure if I’m posting this in the correct board; let me know if not! My bf and I are looking to buy a house next year and I’ve started to think about all the things I need to budget for bills wise. This is everything I have thought of so far, but I’m sure there must be things I’ve forgotten if anyone cares to add:…
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Offering part cash
Can anyone advice if this can be done,looking to put offer in on house(in Scotland)house is at fixed price,looking to put in offer,all we can get in a mortgage and cash to make up the difference,house has been on the market for a while,seller is a property developer who will not reduce the price,but willing to give the…
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HIPS for 2 Bed House
I don't know if anyone can help with this. We currently have our house on the market with the websites sellmyownhome & houseladder. In the New Year we will probably be putting it on the market with an estate agent. My question is that as we are already advertising it online, if we go with an estate agent in the New Year,…
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Remember what your solicitors tell you about extensions and alterations...
I've just been contacted by someone who bought a ground floor flat which had a bit of garden with it and so wanted to add a conservatory on the back. He checked with the Council that Planning Permission and Building Regulation approval were not required and went ahead and had it built. He has now discovered that he needs…
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BBC - House prices dip 1.1% in November
http://news.bbc.co.uk/1/hi/business/7128308.stm . Note, this is not a house price crash tread! Don't shoot the messenger
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What evidence is needed to negociate after Survey
Hi Guys, Had a full survey report which has brought up many points. Most are observations or will eventually need doing. Only a couple of things that need attention immediately. Anyway Its so difficult to get a builder around in London especially for these kind of things, so I sent round an architect who has good knowledge…
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Tenant Flat Fire - Next stage - how to sell?
My shorthold tenant was in the flat for almost 6 months. She told me she wanted to get a council property and was not happy in my flat. She said that council would not rehouse unless she had an eviction notice. I issued a section 21. which seeks possession on 9th December. (Having given the 2 months notice). The…
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The mad scramble to get a family house in spring
Sold boards have been going up in my area and there is a shortage of good family homes in the catchment area of our fantastic local comp. I am sure that there will be a mad rush to get a family house in the spring. It isn`t the sort of area where there are blocks of flats full of 1-2 bed apartments. The doom and gloom…
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Do we have any chance?
We found a buyer for our house back in August. He had no chain, great we though. He has dragged his feet the whole way along. We are not using an estate agent. He had 3 surveys, they said they would hold back £5k so we agreed a price £2k less than the origional one. Then we had a call out of the blue for another survey. We…
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Opinion on which student accomidation to go for
Have a choice between a very small room in a modern(100 or so years old) nice decoration and furniture, and living with 3 gorgeous girls. about 10-15 minutes from campus. Beautiful walk into town past 2 canals and the racecourse and a beautiful hotel and leads right into the centre of town. Other place is in a massive…
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2 days away from exchage
And I'm seriously considering pulling out. The house was on for 160k in August. Put in an offfer for 154k, which was accepted. After the survey revealed a few issues I was able to knock them down to 147k. By then it was October and the credit crunch was in full swing. I was due to exchange last week, but after reading all…
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Repossession listings
Hi guys and gals, Anyone know if house repossession listings/auctions are made public by the larger mortgage providers? I assume sure most, if not all, are handled/sold onto professional companies that specialise in selling of repossessed houses but someone may know differently. I doubt these would go anywhere below market…
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Gas and Electrics - Certificates for exchange
We had a new Boiler CH installed when we bought the house 3 years ago and minor elecrics done. I'm sure our fitter had it Corgi certified but I cant find any documentation for buyer. Should I get someone in to Certify the gas and electrics or just leave it with the buyer ? Thanks for your advice.
