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Is negative equity likely?
I have been reading alot on the HPC website and am starting to panic slightly. I live in London and have a flat valued at £400k in April 2007, the mortgage is repayment and about £205k, my OH says based on what happened in the late 80's and early 90's the value could halve and I would be in negative equity?. He wants me to…
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Indemnity policies, are they any use?.
Hi All, From reading these threads it seems alot of people have received indemnity policies when buying property for lack of PP or buildings regs etc (I had one too). If the council cannot enforce lack of PP after 4 years in use and buildings regs a year old what are the use of these policies?. Am I getting the wrong end…
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tracking down land ..can one get online ordonance sureys
of areas rather than buy maps? thanks
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Stay or move? Don't know what to do!
Morning all, I live with my partner in a smallish 2 bed house we bought 3 1/2 years ago. I have just changed jobs and so we can afford to move to a bigger house. But is this sensible in the current market? I don't really understand economics :confused: If it was just the 2 of us we would certainly stay put, but we have 3…
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Nationwide flatlining.... -0.1 MOM
4.2 YOY http://www.nationwide.co.uk/hpi/historical/Jan_2008.pdf Isn't it about time they changed the hpi in this url to hpd?:rotfl:
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Buying Property in Florida
We are thinking of buying a Villa in Orlando, on one of the top Golf Communities. Anyone have any experience of buying there? Any owners on here? We may pay cash or mostly cash with a small percentage of top up loan to pay closing costs and up front management fees. It is hoped that rental income would cover general…
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being gazumped
So our first sale before xmas collapsed when the broker handling the new buyers at the bottom of the chained proved incompetant. With this second attempt all parties were made aware of the fact that an exchange of contracts had to happen before the end of the month. We accepted an offer and all parties to the deal agreed…
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Gone quiet on viewings. Why?
Is it the credit crunch? Are we over priced? Is the Estate agent not performing? Since we have had our house on the market we have had a few interested parties, but they have come and gone. Now we have only had a couple of viewings recently. But obviously not serious contenders. Nothing is really happening. Honest opinions…
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Part buy/part rent possible?
Hi just a thought really .....a possible lifeline for me and my kids perhaps. I am currently trying to sell my property (long long story not relevant here!) If I sell I will have approximately £55-60,000 from equity ....but.....no way of raising a mortgage (or affording one!) to buy another property for me and my kids (low…
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Is this an estate agency common line?
Well at the age of 31 Im serioudly thinking about entering the bricks and mortar stage of life but the whole proces is a bit daunting so this is where im at now. All advice would be greatly received Local house to me was on the market at 13750, 9 months ago A friend of mine mentioned that they want a quick sale Bit of…
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quick question about fencing...
Our next door neighbour (not the attatched side of us!) moved out and sold his home at the end of last year. A developer bought it and has spent a few weeks remodeling and the house is now up to let. Our back gardens are huge, and as the old man was an alcoholic he left his garden badly neglected. Most of his poorly…
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3 weeks under offer and buyer not applied for mortgage
we accepted an offer 3 weeks ago tomorrow and the buyer hasnt sorted her mortgage out. the story is that she is moving onto a new rate at the end of the month then porting the mortgage to our house,. thing is, i would have assumed all this could have been arranged by now rather than after the rate ends? her solicitor hasnt…
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Stuck in a Rut!!!
Don't know if I am postingthis in the right place... sorry if it's not! Me & my hubby had to sell our flat in 2002 due to financial difficulties, we moved in with my parents. The money left over from the sale didn't pay off all our debts (it was before the price boom and only a 1 bedroom flat). My parents said that we…
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Putting your name on deeds - costs?
Avoiding explaining the epic that is our house transfer.... but the solicitor arranging it said today that he can't arrange the transfer of the deeds of my boyfriends parents house into my name and his name as we are not married. He can only act on behalf of my boyfriend and his parents as I am not family. He said to hire…
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Reclaim Stamp Duty
Has anyone ever heard martin talk about reclaiming stamp duty ?? I did it a few years ago and claimed back £870. I paid this amount of Stamp Duty for an £87,000 mortgage but then I found out that the area I was living in was classed as disadvantaged. So I checked this out at http://www.hmrc.gov.uk/so/dar/index.htm and it…
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What's the best way to negociate reducing the price?
Hello What's the best way to negociate a reduced price for the house we are buying? We've got quotes for the work that needs doing (from the full survey), it also has had movement which we did not know about what we made the offer at asking price. If you get on well with the seller, solicitor, but not the EA that well. A…
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Parents may lose home to pay for care fees - help!
Sorry if this is in the wrong place. In short my parents have no money, neither work as father has had strokes, had to give up work instantly and is now needing full time care by my mum. Their pension crashed some years ago. They have 4 more years left on their mortgage and it is killing them having to pay it. My mum won't…
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Energy Performance Certificates
I've just received this quarter's NLA Landlord's newsletter....I know it's winter and I am blaming it on my hibernation, but what the heck is this new flippin instruction that all Landlords have to have their rental properties assessed for their energy efficiency properties from October 2008???? Anyone know more details?…
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HELP NEEDED.... title deeds in a relationship break-up.....
my partner and i are splitting up and putting the house in just my name. we went to see the bank and he said i was ok, financially to do it. so, do i now look for a solicitor to take off my partners name? how complex is this process and what will it all cost???????? HELP?????
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Legal Advice required for estate agent.
Hi, Six months ago i signed a contact with an estate agent to sell my house, The EA suggested i sell at 152000 but i believed it to be worth more so i put it on the market at 165000. The EA then said that as he believed it wouldnt sell at this price then he would put a claus in my contact of 250 pounds plus VAT to recoup…
