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50% Shared Ownership. Do I buy the rest or get out quick?
Hi all, I normally lurk over on the DFW board but I thought this was a better place to start this one, I currently own a 50% Shared Ownership flat and I am moving in with my boyfriend in to his house, now my dilemma is, Do I buy the rest of the flat and rent it out in the hope the equity will increase with time or do I…
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Confused, buy to let & 2nd property ?!
I need some advice if anyone can throw any ideas at me please do. I have a property which has a mortgage of 70k or just below on it, I had it valued the other day and it is valued at 85k. I was hoping for 95-90k. The idea was to sell my property and keep hold of the money made, move into my boyfriends property. Look for a…
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EA wants a fixed fee not a percentage
Our house is about to go on the market for about £200k. Have had the first EA round to have a look and they want to charge a fixed fee rather than a percentage. Now I have paid this way before, but that was in a buoyant market where we could be pretty sure that we could achieve a good price, that's not the situation today.…
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Central Heating
I know it's not the time of year to worry about it but we have our second child due in December and our house is very cold. Our Landlord has been saying that we will get central heating since we moved in 2 years ago. We must have it this year or we will have to move. Does anyone have any advice as to what we could do?
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Lease length and mortgage
I am interested in purchasing a flat with only 71 years left on the lease. Does this present a problem with mortgage lenders? The exisiting owners are suggesting that they negotiate the terms of a new lease but that I would be able to purchase at the agreed price. However, I thought that one could not purchase a new lease…
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Architect Services - bill
Can I just run something past you knowledgeable peeps please? We got an architect to draw up some plans to submit for building regs approval. It wasn't for anything major just moving a door/window to where the other used to be, knocking down a short internal non-supporting wall and moving the boiler (but without moving the…
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To Buy or not to Buy what wud it take?
Its all doom n gloom, out there....so....all the advice is not to buy.....but what if?? :think: What would it take for you to buy now? :confused:
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Damp Survey Required Following Home Buyers
Hi peeps Received my thorough home buyers report on a house we are buying. One of the main concerns is the need for a damp survey following damp being recorded The house hasn't been lived in for 5 months so hopefully all is well Are these surveys FOC or what is the expected cost????
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Fraud by landlord?
Sorry to everyone who got upset about my postings about LHA before, but another quick question to all you knowledgable landlords. Have heard "rumours" that a landlord I know is doing the following: Has found out the maximum LHA allowance in the area and has "set" the rent at this level according to council. However, as the…
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Rising rents and a shortage of properties
I've just had a quick look on Rightmove. Rents in the North East are rising sharply and there is hardly any choice. I set the rent for my tenant at £420 (same as last year) thinking it was slightly less than market rate. I think I've been even more generous than I thought. Using RM as a guide, the market is nearer…
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ex-landlord should i contact a solicitor
we moved out of our old house (we were renting) 3 weeks ago, the landlord said he did not expect it to be perfect, as we had 4 kids and he appreciated it will be lived in......(when we moved in it was newly decorated and new carpets) anyway moved out 3 weeks ago, thought we would get our £495 deposit back and we had…
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Guarantor form
Hi I have got to sign a guarantor form for a house my daughter hopes to rent. Could someone explain what the following words mean:- 'I also understand that the assessment of this application presumes that at some time during the tenancy agreement I may be granted or allowed some form of deferred payment' I've googled but…
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How quick should i move up property ladder
Hello all, I have just purchased my first house with via the first time buyers initiative. I am now on the property ladder (well just about). My question is how quickly should I aim to move up? The next step would be 100% ownership. Friends have said it is easier to buy a better second home than your first. Cheers Leroy
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Lease Extension on Shared Ownership property
Hi, Has anyone had to seek a lease extension on their shared ownership property due to current conditions with the lease holder companies, so in the future you won't have any problems in selling your property? What help did the HA give to purchase a lease extension? Cheers :)
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Do I have the right to...
Hi, I'm in a shared ownership with a HA, owning 50% each. I have had my flat since 1995 and I have been thinking about buying the HA share. Do I have a right to buy the other 50% and will I have to pay the current market value or can I pay a reduce rate? Cheers :)
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eviction by landlord - advice needed please?
Hi We were wondering if we could ask some advice as we have a court appointment on Monday :-( First of all we have rent arrears due to our business going badly and unemployment etc.. 1. A couple of weeks ago we received a court order for possession of our rented property. In this document there was a copy of a section 21…
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Advice for Landlord
I am currently renting out my house and have been for around 18 months. As I've never done anything like this I went through a letting agent, I worked in public sector housing but didn't want to risk anything, which turned out to be a good idea as the first tenant was a nightmare. My current tenant has been in the property…
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Investing in land
Hello all, A bit of a newbie question here about investing in land - any pointers will be most appreciated! Having just read about Berkeley Group calling the bottom of the market and buying up residential land, it has made me wonder about the practicalities of seeking advice in this area. I would eventually (some time in…
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Bewley Homes - BEWARE!!!
When I bought my house from Bewley Homes (mainly operate in the South and South East of England) naively I believed their sales patter that the customer service was second to none. This was backed up by their website which mentioned numerous awards they won for good customer service. Guess what? It was a lie. The awards…
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2nd house/sitting tennants problem
I think I mean sitting tennants. Ok, bit long winded so please forgive me. My sister has separated from her husband and is living in a house that she bought as an asset when they were married (different to the one her and her husband shared). The house she is living in is solely in her name and there are no legal claims to…
