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questions - offers, mortages, etc.
hiya would love some advice pls, I'm not good on the whole decision making thing! haha I've had my house on the market since November, with 3 viewings. It was valued at 79k, after two months I knocked it down to 75k. Just had an offer for 70, then they upped it to 72.5k. I paid £71k in 2005. I had it valued in mid 2007, at…
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Taking in rent free lodger
I'm discussing with a friend who is in dire financial straights the possibility of her moving in with me (she is currently renting, I am owner occupier) for a year or two so that she can hammer her debts - she's currently only paying off £30 pm through an arrangement with the CCCS so it will take her forever otherwise!…
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Help Needed Re: Estate Agents From Hell
To cut a very long story short, I put in an offer for a house I was very interested in. I am mortgage free and wanted to buy the property with my daughter and son in law. The house in question was a repossesion and was on the market for £72,500. I put in an offer for £75,000. I was told that the property had been put on…
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update: auctioned land in Borehamwood
April 2008 this land was sold for 1.25m with PP for 14 flats. Discussed on page 5 of this thread: http://forums.moneysavingexpert.com/showthread.html?p=10276577 At the time the discussion was whether the flats could be marketed for £200k. They have now hit the market at 229k; will watch with interest.…
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Selling house but living there
Hi My parents are in very poor circumstances, liable to lose their home through repossession, and no prospects of a stable income to pay a mortgage. They have about 2/3 equity, 1/3 mortgage. They don't care about the equity, they just want to stay in the house they raised us in. My uncle has a portfolio of properties.…
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Housing association increasing rent charges please advise
I have received notice that my rent is going to be increased by 5% starting next month, in the letter it states that they can't increase rent by more than 1\2% over inflation plus £2. Considering the country is having the problems it is and we are currently in a state of deflation surelythere should be no increase (or even…
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To those buying in difficult times....
yes, thats right I said those buying in difficult times. I have managed to get a buyer for my flat. How? Buy being a motivated seller and by dropping the price to a level that someone wants to buy it. Then I took an offer under the asking price (obviously). It came down in total about 30%. So, with this in mind and with…
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Movemakers
Hello - first post. Has anyone had any experience of the company Movemakers based in Aylesbury? They are one of these companies that get your property valued and then make you a cash offer. Their letter/brochure looks impressive enough, but are you likely to get a decent offer. Thanks. P.S. I did a search but couldn't find…
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Renting Out My House, Where To Start???
Hi all, my first post on here….so be gentle with me. I am looking for some advice on what I would need to do. I am thinking of renting out my house as I would like to move this year and I don’t know where to start or what I would need to do. My situation is that I have a 3 bed semi which is mortgage free ( I paid it off…
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"Amateur" Landlords - ROTFLMAO
I came to the end of a 12 month tenancy last month. The LL said that he wanted a rent increase because "Agents had been contacting him telling him that they have people desperate to move into this particular block for more money" I declined and in addition told him that I wanted to go on to a periodic tenancy due to the…
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Is this a good deal?
There are some new development homes in my home town and they are offering what seem like a good deal for first time buyers at the site. No deposit required, you get a mortgage for 75% of the property (around £125k) and the other 25% of the property is paid for by them (though they say its 100% yours). Then the 25% they…
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Shared Ownership/HA a good idea?
Help needed from you clever people on this site I have a 2 bed house in Surrey but work in Central London. It cost me £290 per month for travel :mad: . I have had my house for 5 years (joint mortgage with my Mum but I live alone). I am thinking of selling & buying a flat in London through a Housing Association. I would be…
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Buying house "5% or 10% deposit paid" ??
I have seen a number of houses advertised as "5% deposit paid" or "10% deposit paid% by the vendor. It's obvious to me what it means but does anybody have any experience of buying a house where a private vendor pays an amount of the deposit? What were your experiences? If anyone has any useful info or advice on this it'd…
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Play your cards close to your chest?
Hi, Just trying to find out when initially dealing with an EA: 1) What details you should keep to yourself 2) What info the EA has the right to ask you (part of normal conduct) I expressed an interest in a property and wanted to arrange a viewing. The EA quizzed me on the financial side of things and was really probing in…
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Wannabe first time buyer - what do I need?
Hi all, I'm sure this has been covered at some point but I can't find it at the moment! At some point I (like a lot of other people!) would like to get a mortgage and buy a house. I have read the guide explaining the different kinds of mortgages but I'd like a bit more advice about how to go about things. At the moment, I…
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Selling in current climate and what offers to seriously consider
Hi there My property has gone on the market 3 weeks ago, 14 viewers so far, and 2 offers. Problem is, they are way below my asking price, and way below outstanding mortgage. However, I don't want to make the mistake of saying no to offers and then ending up with no sale. So, what's going for the property is that it is…
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Private sale vs estate agent sale
Hi there Unfortunately, I'm in a contract with an estate agent to sell my flat, and still have 9 weeks of the contract remaining. I've been approached by a private buyer who is interested in buying my flat, but I'm not sure what the legal situation is in terms of this. I've read the estate agent contract and I couldn't…
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No HIP
How many EA would say "Oh not the HIPs not done yet, it's just on the market" when I can see from property bee it's been on since august 08?
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Buying from a vendor
Hi all, I have my eye on a house that was used as part exchange with barrett homes. The house was recently reduced from 120k to oieo 99,950k. The house has been on the market since November (106 days). How likely are companies like Barrett to accept a lower offer? Paul
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HIP Cost
Hi All, Does anyone know of any reputable companies that will do a HIP? Quick internet searches bring up HIPS4U, which seem cheap. Has anyone had a good experience with them? My Solicitor has quoteed £300 + vat, although HIPS4U is £100 cheaper. Thanks
