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Confused about searches required
I am in the process of buying a house and have so far payed the solicitor for HMLR Registration fee, Basic legal fee and HMLR fee. The total amount for this was £384.85 and this is the figure I was give in my legal costs estimate. I have received a letter from my solicitor regarding HIP searches. The property I am…
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Negotiating estate agents fees
We’re looking to put our property on the market in the next week or so. We’ve been quoted a few estate agents fees however the one that we’re most impressed with is also the most expensive… We’ve been quoted £1800 by them. In the current climate where most agents have a number of properties on their books which are not…
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Arrgghh!!
Our buyer has had a the mortgage buyers survey done and has highlighted 2 minor points that need to be addresed. contatcted a B/S who has looked a beleives that theese are indeed minor and in no way affect the structure of the house. Indeed the report says no repairs needed no report or structual engineer needed either.…
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Best time to buy? FTB
I am planning on getting a key workers equity loan to enable me to purcahse my first house. However, I am concerned that I am going to buy at the wrong time (I know this is a risk you always take in investments). However if anyone has any info to help me from getting into negative equity I would really appreciate it. By…
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How Do I Set Up My Own Personal Blog On This Board?
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Minimum salary to rent/buy and live
Hi, I wonder if anyone can direct me to a resource or provide a guide yourself that will give me an idea of a salary range that is required for the purpose of paying: 1. Rent 2. Food 3. Bills 4. Other required to live alone? I am not employed at the moment but I am thinking of a career change to an electrician but need to…
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Mortgage Questions from a newbie
Hi, Currently in my second year at uni, and I will probably be here for the next 5 years as I will be doing a postgraduate degree course . I'm spending just short of £4.5k/year on rent and me and a friend want to get a mortgage to buy a property to live in and let out to other students to recoup some of the money...…
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sacking utterly useless letting agent
does anyone have any experience of getting out of a contract with a letting agent (ie going to a direct landlord-tenant relationship,without having to pay an enourmous penalty)? I am a tenant and both me and my landlord are fed up with the agent taking a hefty percentage in so called 'management fees' and not doing…
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transfer mortgage or get new one??? not sure
i am in the unlucky position of having fixed a mortgage for 10 years at 6.2%. i am also selling my property in order to buy another one and i have to make this decision: if i transfer my mortgage i will get the lower interest rate, but i have to do this within three months or else i'll have to pay a £5,000 fee to pay off…
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selling house vs reposession?
Can you be repossessed without going bankrupt? I know that I would have to pay back any shortfall in equity (in which case I may aswell sell the house myself I know) but wondered if it would be possible to come to some agreement with the mortgage company. I owe on mortgage £133,500 but have a redemption of 6k so in total…
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new house vs old house
Me and my boyfriend have a mortgage, deposit and offer on a brand new house all sorted but now were a bit confused. We have seen another house (and older property) in a better area, slightly bigger with a huge garden for about the same price. The only problem is that it needs modernisation just a bit of cosmetic but also…
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Can I haggle for lower rent?
Hi there, we are considering moving home so we have been looking online for homes to rent. There seems to be several houses available and still available. Actually for several weeks now. My question. Can you haggle down the rent price? Is this OK to do? What might be the best approach? Many thanks for any suggestions you…
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Help and advice needed pls
:confused: Can anyone help me please, I would like to know where I stand with regards to claiming tax back on a private property that has been rented out from Feb 07 to the end of that tax year (April 08). During which time I have paid out over £16,000 myself in bills, mortgage, insurance and fees for the property. The…
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mortgage arrangement too long
Right the story. Parents purchased a 2nd house before selling 1st house, they had 3yers to sell to avoid CGT, and the time has cme to sell. needs to go by 1st week April. Ive decided to buy the house off them as my first home. Find best mortage for me is with First Direct, but they said it will take 10weeks for money…
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What reason for a first time buyer to jump in now?
When the bank of England has alread announced further intrest rate cuts! I am rather comfy renting now, but have been tempted with the current rates + cheaper/more realistic house prices to buy my own place. However why would I bother jumping in now when just today the bank of england has said more rate cuts to come at…
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Renting: Heating broken
Im not sure if this is the correct place for this post. My heating in my flat has broken and cannot be fixed until the engineer can get hold of a certain part. Should I ask my landlord for a discount on rent for the time i am without heating?? its below zero outside and not much warmer in my flat. also, while im asking…
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Inventory Check Out Fee - Can A Landlord deduct this from Deposit?
Hi there, I have a quick question to which I suspect I know the answer. My landlord has just returned my deposit for my tenancy. It was unprotected and we have received it 1 month late. The landlord has deducted a £120 fee for the final Inventory Check. This was listed in the contract. The wording from the contract is "To…
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How long does it take for a sale to show on nethouseprices etc...?
Ok how long does it take for sale prices to register on sites like nethouseprices.com and houseprices.co.uk ? One of our neighbours sold their house (and I know it was actually sold - we have the same estate agent) and they completed on the same at the end of October... still NOTHING on the various house price websites…
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HELP Needed Renting a caravan or barge
Hi im tryin to find a caravan or barge for my dad to rent long term if anyone knows of any links i would be really greatful.
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Estate Agents "Spin"
Estate agents are well known for using words and phrases that put a "spin" on a property. They describe a place as "cosy" or "bijou" when they mean small and poky, or "ideal investment opportunity" when they mean it needs loads of work doing. I saw an advert the other day that I thought was really pushing things, though.…
