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Northern Crock 4.9% tie in
Northern Crock want nearly 4k for me to ditch the remainder of a 5 year ,4.9% tie in for leaving early - as they wont port our mortgage as we no longer meet thyre lending criterea - Ha ,we will stay where we are then and nuts to them !
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Estate Agents and credit checks
After over a year of searching for a decent house with an agency/landlord who accepts housing benefits I have finally found something nice for me and my daughter. Its through and agency. They knew from the start i was receiving full housing benefit and that I was able to provide a month rent in advance plus a months rent…
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Advice greatly appreciated!
Hi everyone! Please bear with me as im new to this. We currently own a house, The mortgage on it is £159,000 and its worth about £205,000. So we have seen this great little cottage which we think we can get for £240,000 only problem is that its a repossession and the wont even entertain us unless we can exchange contracts…
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help wanted on being a possible landlord
we have been thinking of buying a larger property to divide into 2, live in one half and rent the other out,either on a six month tenancy or local foreign language students. We would not be dependent on the income from the rental property for anything, it would be a bonus. As we have never done anything like this before,…
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Should i let out my property instead of selling it?
Hi Sorry to ask this question for the billionth time on these forums but i would appreciate some advice regarding my current scenario. At beginning of May i found a new build property i fell in love with in Scotland and decided to reserve it. I have already accepted missives (exchanged contracts) on it, paid a 12k deposit…
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First Time buyers should they wait?
Please can someone kind on here give our daughter and son in law some advice? They have saved 10k deposit and earn 32k pa between them. Average house price in this area is 180k for a flat! So not cheap for FFBs They want to own their own home and dont know whether to: Wait and live here (we are all quite happy with this)…
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Joint House Purchase - but different % of equity
Hi, I am about to purchase a house with my Fiancee. But the equity that we are putting into the house is split about 90% v 10%. How can we both protect each person's equity in the property? A declaration of Trust, or can we put it in tenants in common, and state the equity there? Advise welcomed.
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Optimism in buy-to-let market drops
http://ftadviser.com/MortgageAdviser/Mortgages/News/article/20080616/27da606a-3b82-11dd-b45c-0015171400aa/Optimism-in-buytolet-market-drops.jsp It has been well publicized that buy to let was the weakest link in the property market but I never imagined the high percentage that had missed a mortgage repayments and that this…
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AST - ultimatum - sign up or leave
Hi there, I'm wondering if I can pick your brains for a moment. I'm currentley renting a house on a 6 month fixed term AST that is due to expire in August 08. This week I recieved the 2 month notice period from our letting agent. Included with the letter was a form giving us two options - sign up for a new agreement (and…
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How much Mortgage Protection do i need??
We had a mortgage of £340K when we bought our house 3 years back. Since then we have reduced this to £250K and have £65K ready to pay back once our present mortgage term is up. When we originally took out our mortgage we had 2 policies in place. My wife had a policy for £140K (from a previous policy) and I took one out for…
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Shoul I instruct a High Street Estate Agent
my flat is on the market at the moment, since last Tuesday. I put it on with housenetwork which is an online estate agent. the property is on all the online sites, including rightmove, but obviously not in any windows. i have yet to contact the bloke that is going to fit the for sale board, however, even when this is done,…
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Is there any such thing as a buyers market?
I have just made a 90% offer on a property, which was turned down. I am a first time buyer, with a hefty deposit and I can get a mortgage. The house is empty and has been for 6 months and needs a considerable amount of work doing (re-wiring/new boiler - and cosmetic) - and a survey will undoubtedly turn up more costly…
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Define a 'big' deposit
I am...or will be a FTB at some point (thinking of looking properly toward the end of next year). I have have been saving for what seems like ages now (just turned 28) and am nearing the 25k mark for my deposit (with some cash set aside for emergencies etc). Having decided some time ago I was unwilling to place myself in…
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How to rent out an apartment in Spain?
Hi, I'd be really grateful for some fast advice. Back in March I bought a brand new 2 bed apartment in Spain for an elderly relative to live in. The apartment is now unexpectedly vacant. The housing market in Spain has changed since first bought, and is now very slow - if I sold, I'd stand to make a very substantial loss.…
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Deed of Variation for Lease
Hi, not sure whether I have the correct terminology, but here's my situation. I am currently part exchanging my flat with George Wimpey and buying one of their houses. I have been informed by my solicitor (Recommended by them) that my lease is incorrect, so a Deed of variation is required. The management company wants £495…
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No BT line in rented place
Just when I thought everything was going smoothly with my move to my new rented place, this happens... I've been calling round all my utility companies to let them know i'm moving, but came accross a problem with BT (what else is new). They've just told me there is no BT line in the place i'm moving to, even though I saw a…
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Other fees in Mortgage Offer
Hello all! I receive my mortgage offer in the post today for signing but don't understand a particular fee in the Other fees section. Other fees: A fee payable to your solicitors for putting in place the security The Royal Bank of Scotland will hold on your property. £588 (non-refundable) (The figure shown here is an…
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Estate agent fees
having to put our house with an estate agent as our house hasnt been selling with an internet estate agent does anyone know if estate agents fees are going down or raising in the current flux in the housing market.Im still amazed that there are still that many estate agents are in business
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Renting out our flat? Advice please..
Hi all, We bought our flat a year ago near Epsom, Surrey. My relationship with my OH of 9 years had deteriorated and there is talk of having a 'break'. Owning the flat makes it complicated and its not a great time to sell. I dont really want to sell it anyway to be honest. I have the idea of renting it out for a while.…
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Should I wait or should I start looking?
Hi, Sorry if this question has already been posted hundreds of times with the market looking like it is! I have just been accepted for the keyworker scheme in London and am looking to get my foot on the property ladder. Since telling people this, I have recieved lots of mixed advice about what to do. Some people are saying…
