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Is there any point viewing a house 10% over my budget? - Now: How much to offer?
Hiya! I've just seen a £270,000 house on rightmove and fallen in love with it! Only problem is that I really can't afford a penny more than £250k as the stamp duty would be too much. Is there any point viewing it and hoping they would take an offer 10% below asking price? Or would I just be wasting everybody's time?…
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Persimmon Part Exchange
Hello, I am looking at part exchanging my property. It is valued at around 190,000-200,000(by EA)The property we're interested in is listed at 332,500, however, there is currently a 5%off and SD paid offer bringing it down to 316 ish. The sales lady has said that a few weeks ago somebody got them down to 300,000. So my…
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Newbie landlord
Fairly soon I'll be a landlord. I own a house in the East Midlands where I was living, but have re-located south for work so I am renting down here whilst I decide if I like it down south (!) and need to rent my house out in the meantime. I want to be a good landlord, and I'm a bit worried that I'll end up forgetting…
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Best place to buy home furninshings?
Just wondering where is the best place to buy home furnishings? WE are staying put in our rented home for another year due to credit crunch and we feel the place need freshining up with new rugs,linen,curtains etc.. Help!
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Re: Can the solicitors charge me?
We have recently pulled out of a purchase for several reasons. We were doubtful from the very start and so held back on signing the contract sent by the solicitors who our estate agents work with. The mortgage company did send them the valuation report and they told us they had received this. However, we had already…
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Buy-to-leave
I note on teletext (ITV Digital page 881) that MPs are warning that the buy-to-let market is squeezing out first-time buyers. :confused: The report then goes on to discuss buy-to-leave, where investors buy property and leave it to rise in value. Whilst recognising that the credit crunch may end the practise (no flies on…
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Can't sell
We have had our house valued at £199,950 and we owe approximately £169,000 on the mortgage, we also have a charging order on it of 2k We can't afford to sell through an estate agent and have put a thread up about possible bankruptcy. Would it cost us the same or cheaper to auction the property before it's repossesed?
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Having Problems Obtaining A Mortgage On Damaged Property.
I am buying a property that is in a very poor state internally (damp, kitchen and bathroom need replacing, extensive decorating and cosmetic work needed). It is a 1 bed garden flat valued at £125,000 in its current condition and I have applied to borrow £40,000 on a BTL mortgage as I can cover the rest. The valuation…
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Can landlord make deduction from our deposit with no inventory?
Hi guys, Quick question for you as above. The only difference is that the property was a new build, and therefore everything was considered 'as new' according to the LA. He says that he has all original invoices and receipts; however if the condition isn't agreed with T in the form of an inventory, can they make deductions…
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Anyone know about boilers?
Hello, Just been for another look round the house we're buying to review the survey results (just to look and see what the surveyor spotted). It was mentioned about a plumbing inspection (standard I guess!) but in the boiler info that was on the side, next to the boiler, it stated that it didn't conform to regulations.…
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A FTB about to purcahse a house would like some advice please!
Hi Everyone, I have posted on here previously about a house we have had an offer accepted on. It needs around £20k worth of work doing so we put in an offer 15% less than asking and it was eventually accepted. We have just had the survey back and 3 extra things cropped up that I wasn't aware of. One was that the plumbing…
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Advice needed re: arrears of service charges on leasehold flat
Hi Don't know if this is the right place so apologies if not. Stupidly i have got into arrears with my service charges on my flat. It was just one of those things that was easy not to pay. Crazy to think that, i know but i kept up with the mortgage and what with everything, something had to give, unfortunately over the…
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Seller pulling out of sale
Hi, Is it legally binding to write into the offer to purchase a clause that holds the seller liable for the buyer's costs related to the purchase if the seller pulls out of the transaction after having accepted the buyer's offer? A couple of people I know have had sellers take the property off the market after accepting…
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House viewing advice.
Hi, I'm going to view a property this evening and was wondering if anyone had any advice for what sort of things I should be looking out for (besides whether I like it etc) and if there is anything particular I should be asking the agents? Cheers
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Just about to sell. What now?
Hi all. Our house is just going through it's sale at the moment. The price we got was pretty good and the buyers have got a lot of house for their money. Anyway, with the market looking like it may take a bit of a dive, we aren't really 100% certain what to do. We were looking to spend around £300,000 on a new house but…
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unoccupied buildings insurance - can anyone help?
As the title says really. I have a property currently covered by landlords insurance which is in the process of being sold. Buyers mortgage approved, just waiting for the legals to be sorted - EA says hopefully another 2 weeks or so (fingers crossed). BUT policy says no more than 120 days vacant and it's looking like we…
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New lease price is this right
I have a 2 bed room flatthat has been recently valued at £90k, the lease is now down to 67 years so we have decided that we should sort it out incase we want to sell in the future. we have had a quote for £7100 to extend it back to 99 years, is this notmal, it seems a little over the top to me.
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Renters need to know their rights
I've just received this press release. (Hot off the press - only 1 hour old!) from Which? It answers a lot of questions I've seen here on this forum and has some good links so here it is in full: Renters need to know their rights Although more people are deciding to rent because of uncertainty about house prices and rising…
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Is it acceptable for a For Sale sign to still be up a week after offer accepted?
We had our offer accepted last Wednesday and today the For Sale sign is still up. The house was supposed to be taken off the market on Wednesday. It is indeed STC on the website, but we worry that people might drive by and show interest. We've phoned 3 times (Saturday, Monday and now today) about this. Today they told us…
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Single Mum - renting out rooms? LONGISH
Hi Guys Just about to move into our new home. On my own with two darling boys - aged 7 years old and 6 weeks. The house is a refurb. (bought for 140K and will be eventually valued around 220K) - mainly because it was a complete hellhole and we are adding kitchen, bathrooms and jiggling the layout around to make it a 5 bed,…
