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Buy Freehold or Pay off Credit Card
Ok..heres the issue We have about £11,000 in savings, but, we have a combined £18,000 credit card debt accumulated over a good few years between us. I have about 10 years left on our mortgage but we havent purchased the freehold as yet which I reckon will cost about £8,000 (my neighbour bought hers last year a paid £6,000)…
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buying a repo?
With all the doom and gloom and finally the reality of affording a proper family home seeming possible I thought the other night about buying a repossessed house. Seen a few articles in the media hyped newspapers about auction prices on repo homes being stupidly low and it looked quite interesting, especially now it could…
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Seperation.......dont know what to do for the best with the house?????
Hi everyone I really have a problem, as Im sure thousands of people do at the moment, and dont know what to do.... any advise would be gratefully appreciated.... My partner and I bought a house for £104,500 2 years ago and took out a 100% mortgage.We have an unsecured loan of £5,200 on top of that too.We split up 5 months…
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Giving Back Keys
Hi i need some advice please. I currently have a 100% mortgage with Northern Rock. I think the house is worth about the 110% but i don't think we could sell it in the current market. There are also quite a few problems with the house which we just can't afford to fix. We are looking at giving back our keys to our mortgage…
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Seperation.......dont know what to do for the best with the house?????
Hi everyone I really have a problem, as Im sure thousands of people do at the moment, and dont know what to do.... any advise would be gratefully appreciated.... My partner and I bought a house for £104,500 2 years ago and took out a 100% mortgage.We have an unsecured loan of £5,200 on top of that too.We split up 5 months…
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Couple of tenancy related questions.....
Evening.... My landlord has written to me to tell me I have to move out by April as he wants to sell the house and this has thrown up a couple of questions... First question.... When I give him notice to quit does it have to start on the day I normally pay rent which is the 28th thus giving me a final date of the 28th or…
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Whose Drive is it Anyway?
Wondered if anyone can shed some light on this: Went to view a property today marketed by EA as having a shared drive, however, when we arrived the nextdoor neighbours have put a fence down the middle. It's a very nice fence. But there is no way to get a car to the garage at the bottom of the drive as the driveway is much…
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Landlord Inspection...What to expect?
Me and a friend currently rent a two bedroomed apartment from a lettings agency. We recieved a letter saying they were coming to do their quarterly inspection tomorrow. Now were a little worried, obviously the place is always tidy, clean and everything is in it's place. However on one of the walls (everyone is painted…
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You gotta be flippin' kidding me?!?
We are all set to exchange on our house - £160k sale, owe £166K but have taken a bridging loan to cover it - want to exchange on Friday and complete on Friday Nov 21st (we are moving to the states). The buyer has come back today via our solictor and estate agent and request we complete on Friday Oct 31st (Friday!) or the…
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Landlord wants to increase our rent by over 15% with less than one month's notice
I would be really grateful if anyone can advise me on both the legality and best way to negotiate a lower rent with my current landlord please. Briefly the situation is thus: We have rented the 2 bed flat in London, SW9 for the past three years and now we are on a periodic tenancy as the last lease expired and we continued…
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Should i buy or not
Myself and my wife have a two bed terraced house worth about 145000 likely to be approx 9-10k equity (drop from last summer but hey!). I would like like to move to a bigger home, but the wife is not so sure with the prospect, saying that this is the worst time to move etc. We both have jobs where it is unlikley that we…
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Buying a new property on part ex
Hi, Background: Myself and my partner currently have a 2 year old two bedroom townhouse which has just been valued at 110000 and we have about 3k in equity. We are currently in the process of a part ex deal with a new 4 bed townhouse which is on the market for 177995. We rang about a mortgage with our current lender prior…
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Legal Responsibilities of Landlord, Declaring as Income?
Hi, I have a tenant for my property, it's not quite ready to let out yet. I know I have to put the deposit into a special account - but what else do I need to do - to make sure it's all above board? Many thanks Suzanne :-)
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Rental question: What constitutes negligence or misuse?
We have a clause in our agreement stating that 'the Tenant shall pay to the Landlord the cost of any repairs resulting from misuse or negligence by the Tenant'. We are being quoted this clause by the managing agents as a reason for the Landlord not to pay for the fixing of the washing machine handle. The washing machine is…
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Parents debt
Hello Not sure if this is the right area to post. My parents currently have a Mortgage with a few years left to go. dads 62 mums 60 early next year. they currently have a few credit card debts and other store card debts etc. which are starting to worry them, but they are happy living where they are and dont want to move.…
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When should I get contents insurance?
Is it like car insurance where you are insured from the second you ring/press submit online? Is it worth arranging it before you move in, or just wait until you're there? Edit: I am renting BTW
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Advertising Portals...Good? Bad? ADVICE!
Hi Im new to this forum so my apologies if this is in the wrong section but id really appreciate some advice... Ive been living in Cyprus for the past 2 years with my partner and were hoping to pack up our things by summer 09 and move to Cape Verde. At the moment were thinking of using our usual advertising portal company…
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Nightmare New Tennants in Flat - HELP!!
Hi all Some advice would be greatly appreciated... I live in a block of 12 flats (and run the Management Company with a couple of others). Most of the flats are owner occupied apart from 2. Two new tennants moved into one of the rented flats about three weeks ago and they have been an absolute nightmare: 1) constant…
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Short term lets in London
I am looking for a way to rent out my place in London whilst I'm away with work - I'm often away for a week or two at a time and sometimes it's over a month. I've let it to acquaintances who are in London on business and prefer it to staying in a hotel, but I'd like to be able to let it to others too. Does anyone know if…
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Landlord wont set up standing order...am i protected?
Hi guys. I wonder if anyone can help. Myself and my girlfriend recently moved into a furnished flat...paid the deposit at the estate agents and also signed a standing order agreement for the money to come out of my account. After the first month we noticed no money had been taken out. I rang the bank who said they hadnt…
