-
Renting out a flat
My mum is in her 60's and her work isn't as frequent and her pension goes on the mortgage. So she has converted upstairs into a one bedroomed flat, she wants someone to rent it as an income instead of working as she is getting older. What would be the best thing to do with the flat, who to let it out to etc? She thought of…
-
Selling My Garage Advice
I live in a house in Chelmsford (Springfield area) Essex, which has a garage, but the garage is in a block of garages about 5 minutes walk from my house. I not used it since i've moved mainly for this reason. The garage is directly behind someone else's house, who has approached me about buying it and offered to pay all…
-
Should they accept?
Hi all Quick details... Parents got immaculate 2 bed bungalow on market since Nov 07. Had lots of interest but no offers due to prospective buyers needing to sell also. Dropped 20k to be below 250k stamp duty. Accepted offer of 250k within a couple of weeks. Chain broke down after 3 weeks as FTB at bottom had mortgage…
-
Log cabins?
Does anyone know the rules regarding planning permission and log cabins. I understand that you can put them in your garden without pp subject to various conditions but does anyone know if this applies to land which is not garden (i.e a field). ? TIA
-
does a bnk not give out a mortgage is property is over priced
Hello, My friend wants to purchase a property in Basingstoke. He has been offered a property to buy but is not sure if he is getting a decent deal on the property. He has been told by his mortgage advisor that if the property was priced too high (property is worth less), the bank would not give a mortgage. is this correct?
-
Living in a bedsit - Experiences?
Right, heres my story. Been lurking in this part of the forum for a while. I'm a part time shop assistant/full time student who moved out of home last year. I moved into a shared house with strangers, and hated it because of the one girl who was a complete headcase. In a few weeks my lease is up. I was meant to be getting…
-
Tenants' money "still not safe" - BBC
http://news.bbc.co.uk/1/hi/programmes/moneybox/7393742.stm Didn't see this anywhere so thought I'd post up the link. "If a landlord does not sign up to a scheme, it is up to the tenant to take their landlord or agent to the county court, which has the powers to award a tenant three times their deposit. At least one tenant…
-
Well raise my rent!
Letter from the LL today saying as our existing contract expires on the 5th July he wants to raise the rent from £685pcm to £750pcm By my calculation that an 8.7% rise. Is it not the case that a LL cannot increase rent by more than 5% per annum? Or did I dream this somewhere?
-
Buying for cash and 'searches'.
I understand that if you buy for cash you do not have to necessarily have to have a search done, but it is obviously wise to do so. What I need to know is this: I intend buying for cash then at a later date, maybe 2 months down the line taking out a mortgage when I have improved the property. If I do a 'search' now will I…
-
Ex Council Houses
For the purposes of applying for a new mortgage - after how many "owners" or years does a ex-council house no longer have the restrictions of being an ex council property? Any ideas
-
Question About Mortgage
Dear All I have a question in relation to my mortgage i am on a fixed mortgage for 2 years which expires in March 2009. Basically to cut a long story short i am leaving my perm job for a 6 month interim role after which i plan to either do another interm job or find a perm role depending upon my circumstances. What my…
-
A dilema
Hi, first post so please be gentle :D My partner has a house which we currently live in. At the moment with the house prices falling we have not made any profit and poss a loss of about £5k on it. We are now needing to move out of the area due to jobs, the problem we have is what do we do with the house. We don't have any…
-
2nd/3rd time buyers who can't afford to move
Our home is worth £140-150k if we're lucky. Although in a village location in Devon, it's in a grottier part of the village - and through no fault of our own, we've had problems with antisocial/noisy neighbours that have gone official which will affect the saleability of the house (have to declare all the details on the…
-
Multiple EA's?
I'm currently trying to sell my house and thinking of going with multiple estate agencies. The house has been on the market with one agent for 6 months and we are not tied in with them anymore. This is a local EA and I thought it may increase our chances of selling if we alsoadvertise with a more regional EA. Is it…
-
L/A won't return deposit..
Hello, I am writing on behalf of someone whose letting agent won't return a deposit. This is despite the landlord going in and clearly telling the L/A that they are happy for the full deposit to be returned, in front of the tenant. The deposit was handed over before the new rules came in last year. What is the position of…
-
Hi, any advice on the following homebuyers survey would be greatly appreciated
Rainwater Fittings 3* Rear gutter to the kitchen needs repairing or replacing. * Downpipe on front porch discharges directly on to the ground - needs re-routing to prevent damage. Main Walls 3* Bulge in rear wall at first floor level – wall ties need replacing. * Gable wall and single storey outrigger walls need…
-
First time Buying - leasehold flat - solicitor observations
Hi, I'm buying a 2 year old new built flat with NHBC Gurantee. My solicitor received the draft papers from his counterpart and gave me following information whilst he is waiting for some info from vendor.... being a first time buyer, i'm bit confused how to react to this.... any suggestions will be grateful. "THE POSITION…
-
Help - Tennant not paying up.
Hello Guys, I rent out a house to somebody that works at the same place as me, I have known them for over 5 years, then last september they knew that I was going to rent the house so they asked. We then drew up a contract. But a couple of months ago they skipped rent (yes i know foolish). Now I do really need the money. I…
-
advice please
OK A group of students renting a house from a very successful landlord. By successful, I mean he owns lots of properties (about 200 I think) and lets most of them to students, so I think we can safely assume he knows the business very well. The house in question is being 'updated' which is good for the group of students as…
-
Exchanging Contracts 10% deposit help
Hi We are exchanging contracts next week and have read on the internet that you have to pay 10% deposit. We are number 3 in a chain of 3 and have alot of equity in our home. Im a little confused as this is the first time we have moved house. Can anyone please advice on where this 10% comes from or do i have to search hard…
