-
rent or buy the eternal dilema
:money: :money:
-
enjoying the very low mortgage rate at the moment
I cant believe how low my mortgage repayments are now on all of my properties.I am however going to save that money and repay some of my mortgage with the amount generated and saved. I was wandering how long we can expect us to be enjoying this low interest???probably answering my own question, when the economy…
-
Which mortgage to overpay?
I have a house that i rent out (it wouldn't sell) with a fixed 5.89% mortgage of £100k where the current rent income covers the interest only mortgage. And a house that i live in with a tracker repayment mortgage of £72K tracking at 1.54% above base. Should i convert my interest only mortgage to repayment or overpay my…
-
What to expect next?
Hiya, I'm really, really excited! My partner and I are well on the way to buying our first home. I just wanted to ask for a little insight about what to expect next though, so your advice would be appreciated. So, we put an offer in before Christmas and had it accepted whilst we were on holiday. Sorted our mortgage out and…
-
Renting question regarding early termination
Hello Hoping someone here can give me some advice, My sister moved into a new private rented home 1 week ago, the council this week has decided after 6 years of waiting to offer her a house. She has spoken to her LL and they have told her that she will have to pay 6 months rent....is there any way she can get out of this…
-
Removing capped service charges, is this legal?
I have been a tenant in a Supported Housing Association for 16 years. My rent and service charges have gone up with inflation rates through the years. My service charges have always been 'fixed' (capped). Now the landlord (Housing Association in London) wants to remove the capping, which will increase the charges from £…
-
Did the Council used to Own our Property?
Hi Can anyone tell me how I'd find out if the Council once owned our block of flats? I know that our block was definately Police flats at one point but does this mean that they were council owned? Thanks for any advice!
-
Council Tax - Ex housemate won't pay up
Hi people. Just wanted to share a problem with you as I know you are all very helpful here. I was living with 2 other guys (Andy and John) in my last place but we still owe the council some money for tax. The bill was £249.81 which would mean that each person would pay £83.27 each as to be fair. Now I've payed my share and…
-
Spreadsheet to show mortgage payments
I came across this spreadsheet, from Microsoft of all people which calculates what is known as the 'Amortized' payment. To keep it short, this is the monthly payment that you make towards a mortgage and stays the same throughout the whole term. At the start of a mortgage your payments are interest heavy and are paying off…
-
How to check if someone's house has been repossessed?
Hi, Just wondering if anyone knows if someone tells you their house was repossessed is there any way to check/verify if that is true? Would this be shown in a credit search against them? Many thanks.
-
outgoing tenants
My friend is hopping mad. She uses a LA and some tenants have just moved out leaving the place filthy, damaged paintwork, carpets badly needing cleaning. smokers which she specifically said she didnt want. Good quality curtains have to be cleaned. It turns out that the LA did not do an inventory when the old tenant moved…
-
Private tenant needing advice
Right, this may take a little while! My girlfriend and I moved in to our first floor flat in September last year, renting from a private landlord through a letting agent. Within days of moving in, the guy from the flat below us complained about the noise. He was saying that the floorboards were incredibly noisy and asked…
-
Have any of those 'house raffles' actually worked?
I have seen various news things & adverts etc saying how mr & mrs so & so are raffling their house as they can't sell it but I haven't actually heard of anyone making it to the draw & awarding some lucky punter with the house. I know some people had problems with legal issues. I was only wondering as my dad jokingly…
-
No heating/hot water in rental property for two weeks
Two weeks ago our boiler broke down. We reported this to our landlord and she arranged for a heating engineer to call round. This engineer has now been to our property four times in total, each time saying that he'd fixed the problem, but the boiler lasts less than five minutes before shutting down again. The heating…
-
Selling in Scotland - the effect of the valuation in the Home Report
Hi, We are considering putting our property on the market, and commissioned one of the new Home Reports. Of course part of the report is a valuation. My question is whether in the current climate, is this valuation going to define a likely ceiling that anyone will pay for the property? I would have thought that most buyers…
-
House Buying in Scotland - Help!
Hi, I've just put in a verbal offer for a house that was previously on at offers over but recently changed to a fixed price. My offer was 10% below the fixed price. The estate agent said she would speak to the seller but that she knew that it would definitely be a no as the fixed price was the minimum they would accept.…
-
28 day contract exchange
Guys I had an offer accepted on a property last Monday and was informed it was subject to a 28-day contract exchange. What does this mean? I have now had the mortgage agreed, solicitors instructed and survey done/successful, so I believe things to be moving along nicely. The problem is that the house still has "for sale"…
-
Selling house to council
Hi does anyone know if you can sell your house to the local council or housing association and still remain living in it? Thanks
-
Lodger Contract
Has anyone got a sample of a 'lodger' contract you could let me have a copy of?. My granddaughter is going to let a room in her house to a friend,and I feel she should have some sort of formal agreement to avoid misunderstandings.
-
offer on house, choice of two....
Hi i recently posted a few weeks back regarding a 4 bed detached house which had just come on the market at 380k, i offered 350k and it was turned down. I re offered 358k and they accepted it on the principle that we moved in 6 weeks. It was priced particulary well for what it is and the current climate. The House next…
