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Deposit + what else?
I'm saving for a 15% deposit i.e. 15k or so and was hoping people could advise how much more I'll need for surveys, fee's, legal costs, an amount for kettles, toasters and all the little things, and finally anything else I need to consider. I'm thinking I'll need another 5k for all these things too...
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Remortgage or buy-to-let? Please help.
I recently moved in with my partner at her place where she has no mortgage. Having done the right thing and told ING Direct that I was moving and that my house was to let, they slapped a 2% increase on my payments. A bit steep, but I'm still on the fixed 4.85% until February 09, so 6.85 is bearable until then.…
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Getting on council house list in different area??
Hi, hope this isn't too long - its a complex situation. My mum and dad sold their house about 3 years ago to emigrate. The emigration has since fallen through, so, as they had a lump sum of cash in the bank, they privately rented a very nice flat in a very nice area.It was expensive rent.In the meantime, i had a baby, and…
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How renting out yr property affects your mortgage
If I can't sell my house soon, I will rent it out. My mortgage company has said if we did this (in informal discussions), they will add on another +0.75% on our interest repayment rate. Do we have to tell them? What are the consequences of not telling them? Thanks.
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What are Estate Agents Up to?
What are estate agents up too? We have known that property prices have dropped here in the south , and yet estate agents have still put property prices at 2007 prices. And estate agents are closing down. One way to research previous properties sold in roads is the following website…
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"Private Rented Sector:its contribution and potential"
The full review by Julie Rugg & David Rhodes that began earlier this year is available here: http://www.york.ac.uk/inst/chp/publications/PDF/prsreviewweb.pdf Better to read it from the horse's mouth rather than via extracts from the papers IMO ;) This current government focus on the rental sector is why some of us have…
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Landcontamination
Hi We are due to complete on the purchase of a property on Tuesday. However we have found out this week that the land the house was built on could be contaminated. The local coucil is starting an investigation into all possible contaminated land in the area in 2009 and this area of land is on the investigation list. The…
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any advice?
hi all, can i pick your brains please? I own a 3 bed semi in derbyshire, been here three years and no problems, but recent events in the area (long story) have frightened my 8 year old and she says she feels scared to live here now. Have put house on market for 99950 wiv local ea last week. (I have a 47k mortgage and paid…
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Petition to Protect Tennants from Repossession
I noticed this Petition on the No 10 websites and as I've been in the exact same position myself back in the last downturn after my Landlord defaulted on his mortgage payments, I thought I would help spread the word and hopefully encourage some signatures, I am sure even most Landlords would agree that tenants should have…
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Part buy of inherited house - opinions please
Hi, A friend has just inherited a house and my daughter has the possibility of purchasing 50% of it. This will release equity for the new owner and allow my daughter a foot on the housing ladder. We are looking at such things as how long such an arrangement between the two could be agreed and what options there may be for…
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Help! Factor taking the proverbial
This is probably in the wrong place, but I really can't think where to put it so here goes... For the last three years I have dilligently paid my factor £40 a month to pay for my share of the upkeep of my development. This includes gardening, cleaning, shared electric and buildings insurance. I ahve always paid up extra…
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Selling - what's the probem?
I have an empty 4-bedroomed house in Newark, Nottinghamshire, that I wish to sell. The lowest suggestion from three estate agents in April was £199,000, so I instructed one to offer it at £185,000. It didn't go quickly, so I cut it in two stages to £157,000, which is the current price. Someone offered £147,000, so I…
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Is this the cost of buying house??
Hi...We have seen a house which could be our last move....About £350K....am i right in working out that the stamp duty / est agent /legal fees work out at around £20,000??!! thanks ian
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A few rental renewal questions....
Coming up to the end of our initial 6 month lease with new property and we want to stay longer, we have let the landlord and the estate agent know that we are looking at staying here for at least 1-2 years - we already know the landlord has rented this place for the last 5 years or so. Now the estate agent has replied back…
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House Sale - Woodland Grant Problems
In our previous house we planted a few acres of woodland for which we were paid grants by the Forestry Commission and annual payments by Defra. The new owners intended to clear the woodland to make paddocks, so we signed transfer documents for them to take over the rights and responsibilities of the woodland and a…
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how do you know if the fence is yours?
Sorry if not in the right place. Does anyone know how you find out if your fence is yours or the neighbours? Or do you share responsibility? Our neighbours are both RSL owned, we own ours. The fence on one side in particular needs replacing but not sure if we own it or not. The mortgage company has our deeds and will…
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Bought Off Plan....but Cant Afford It Now!!! Please Help!!!
Hi everyone. Please can anyone advise me in the situation i am in. Late 2006 I signed for 2 flats off-plan. I was told that I will be getting a 15% discount for each flat. This discount would be the deposit for the flats. The property club through which i was buying the flats made a bond arrangement in order to secure the…
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Should I feel bad?
Our buyers had a Homebuyers report done on our property, we know we have a penetrating damp problem in the front bedroom and there's a few patches on the chimney breast. Yesterday the EA rang to say they were sending someone round to do a damp report. After checking downstairs he declared that the damp proof course done…
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No10 Petition Against Btl Bail-outs
We the undersigned call upon the government NOT to bail out failed BTL speculators in any way, and in addition to legislate immediately to prevent them declaring bankruptcy to avoid their debts, and to remove the statute of limitations on debts that relate to non-Owner-Occupier mortgages so that failed BTL speculators can…
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New Scottish Government Legislation - Home Reports
From 1st December 2008 new Scottish Government legislation requires that all properties put on the market for sale must have a Home Report. The exception to this legislation includes all properties put on the market for sale prior to the 1st December 2008 and new build properties. The Home Report contains: * Single Survey…
