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Renting out the top of a house...
Not sure if this is the correct forum for this but here goes: My father has recently died, my mother is left with a large house, the bottom half is more than enough for her to cope with as it has a bedroom and bathroom downstairs. My question is: Can she rent out the top half and install a fitted kitchen upstairs, if so…
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Do I need a deposit?
My OH owns a plot of land with outline planning permission. OH needs a mortgage to build on it, the mortgage required is ~£170k and the land is valued at £275k. Does he need a cash deposit or is the +62% LTV an acceptable equivalent? Thanks
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DIY HIP's and searches
Sorry all but I am very confused at the moment about HIP's and searches. From what I can find out I need these things in a HIP Index Sale Statement Title documentation Local authority and drainage searches Energy Performance Certificate I've downloaded the index and Sale statement from the government site. I've found a…
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Conveyancing Fees - Do you have to pay two lots?
I am getting quotes for the conveyancing of a potential house purchase. I had budgeted around £700 for this. However, all the quotes say that there are two seperate charges, one for selling and one for buying. This means that in fact the costs are going to be doubled to 2 x £700, is this right? :confused: Thanks in advance.
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CGT / gift tax on my flat
in 2001 my wife and I bought a flat in London as it was cheaper than renting while my daughter was at University. She is still living in it and I would like to transfer the property to her for the price we paid for it £135k. It is now worth close to £200k. I understand that even if I sell it for £135k I am stillo liable…
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Application fee confusion
Hello all, Weve applied to rent a property from jsm. The land lord gave the go ahead after seeing out application form and supporting evidence. They called to tell us that and asked for the £117.50 fee for the tenancy agreement and reference checks. On two ocassions i was told that this was the total amount for both of us.…
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Leeds Prime Properties
This isn't exactly property related but I'd just like to publicly name and shame this company; Leeds Prime Properties Brudenell Rd I've just experienced one of those jaw dropping "oh my god I can't believe he just did that" driving moments on the way back from work in Leeds. The most stupid thing is that the driver of this…
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Conveyancing and Hips Fees
Am really interested in finding out the ranges of prices for these, it seems that im being given complete different information each time, i live in south east london and property from 5 valuations is said to be from 320-330 k(3 bed town house), is there any advice about this on the forums that i havent seen . we have a…
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House prices when marketed and when reduced
Hi. I am sure a few days ago whilst reading threads on this site i came accross details of another website. It lists all houses on the market, when they were put on the market and if they have been reduced it lists when and by how much. Can someone tell me i was not dreaming and point me in the right direction. Many…
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Mortgage Advice Pleeeeeeeeeeeeeese!!
I currently have an outstanding interest only mortgage with Northern Rock of £90,014.84p with a 21 year 8 months remaining term, interest rate of 5.09%. I have a secured loan with Northern Rock which is repayment at 7.44% remaining term of 21 years 4 months, balance of £5322.87p. My total outstanding balance is therefore…
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Help, house has fallen through
I have a problem. we were due to move into a new house,rented, in about 2 weeks time, we have given notice on our current house which is until the 20th of this month. We got a call today to say there is a high likelyhood that the house is being pulled off the rental market, we havent yet signed a contract, so I know that…
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Part-exchanging with Redrow or Wimpey
Hi everyone sorry I have seen some posts similar to this but none of them quite answered my questions!! I have had my house on the market since 28 June 2007, ended up signing up a 2nd agent (therefore pushing up my fees if they sell it), have dropped price from £150k to £146500 to now only £137k. This is still more than we…
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Possible pitfalls - any suggestions?
Hi, I'm wondering if anyone can spot any potential pitfalls with the following scenario. We have had an offer from a BTL investor who already has a mortgage arranged from a previous sale that fell through and will transfer to our property. We are buying a larger house in the local area. My wife is 8 months pregnant and we…
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How long until HIP is ready?
Just a quick question - how long does it take for HIP to be prepared? We went for the one wfrom movewithus, as our agent was a member of them. When we signed up, we were told it will take 2-3 weeks for the HIP to be ready. Now, it is 4 weeks since paid for it and almost as long since the energy assessor visited the house,…
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Market is slow - because of the budget???
Ok, for the first time in 5 weeks we have been with this EA I got a call today to update me what is happening. So, I got numbers of how many brochures went out, etc. And then she dropped it - the market is slow at the moment, probably because the budget is going to be announced next week!!!!! What rubbish excuse is that????
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Rental contract - getting partner out of the house
Asking this on behalf of a friend ;) Basically he and his partner took out a 12 month contract on a rental property - they are 4 months into this now. Although they both had to undergo referencing and credit checks, the arrangement between them has always been that he would pay all the rent and bills, as she is a student…
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In desperate need of help
I know this is probably a long shot, but I hope someone can give me some advice….. I split with my husband in October of last year and moved out of the family home. I continued for 3 months to pay half of the mortgage whilst he decided what he wanted to do with the house. He said that he wanted to continue living at the…
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Section 21 notice
Have a rental property that I need to give the tenants notice on. They are on a monthly periodic tenency since the end of their fixed term. I understand that the form I require is a section 21 but there seems to be oodles of places that sell them on the internet at many varying prices- where's best place to go. Also I…
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HEEELP!!! Should we sell up and Rent?? Redemption fee too high??
Hiya, New to this so be gentle...Any ideas gratefully received.... My husband left the forces this year and stupidly {i now think} we left our married quarter a year ago and bought our own property, through Northern Rock, with a secured loan on it. We now need a bigger house but have been told by a financial advisor that…
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Rental Dilemma
Hello all , normally only post on the Bankrupts section (undischarged).........but I now need some help in a new direction. My Landlord informed me yesterday that his Letting/Estate Agency going broke and he needs to realise assets. The house we rent is in his wifes name. My questions are , we are on a Assured shorthold…
