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advice
my parents have around 100k to invest in a property and need around 50k extra to top up to actually buy the property, can any advise the best way to borrow that extra money as the are both in their 70's and im not sure if even a buy to let will allow, they are trying to buy a property for me there daughter to rent from…
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buying a wreck - will i get a mortgage?
I am coming back to the uk to live with my young family and have seen a smallholding for sale at offers over 210K. I have 200K in the bank but would need to spend about 100K on the house to make it livable. It has a sink and WC but needs everything else replacing. I have a good income 40k /yr and no other debts so could I…
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Renting For Young Persons
Hi this is the Money Saving Scot and it is very important that young people can talk about renting and especialy in the credit crunch it is very important we can discuss your rights. As a young person myself i feel we should discuss any issues and have a voice.
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How do property investors do it
I'm curious to know how property investors do it. I mean making money from property is not rocket science is it...buy at a low point in the economic cycle and sell at the high end - bingo! How does one convince potential investors of lending cash? I mean why would they lend cash if they can just invest it themselves? Or is…
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seven offers???
We've just put an offer in on a house for the first time :j It's on the market for 370k but needs quite a bit of work. We offered 320k and the estate agent told us that there have been 7 offers with ours being one of the lowest. Apparently one of the offers was nearer 350k. I've been following the market in our area and…
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Do You Still Have To Pay A Deposit
we are looking into buying a new house which offers first time incentives. You pay for 75% of the house and they lend you the remaining 25%. So you dont have to pay rent on the 25% as it is not a share scheme. You just pay the 25% back over 10 years or when you sell. Does this mean we do not have to a deposit of 10% as we…
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Repossession 28 Days
Firstly if this has been already answered I apologise. I am currently going through the motions of buying a repossessed flat, when I had my offer accepted by the repo company I was told that the exchange of contracts had to be completed within 28 days, this point was stressed a few times. Can anyone explain this to me,…
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First Time Buyer Initiative-anyone else using this? Problems?
I'm applying for a new build flat with this scheme, and it's driving me absolutely insane. Weeks upon weeks have been spent with the application between the financial advisor and Metropolitan Homes, who I believe are responsible for the First Time Buyer Initiative and other first time buyer schemes around greater london.…
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Transfer of Deeds
We are trying to transfer the deeds of our parents house into our name so that we may re-mortgage to get on the property ladder. Parent are happy to do this, but how do we go about transferring the deeds? We are going to see a solicitor but just want to understand the process before if possible.
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Car Or Foot Access
The back of the house we are selling as a large area of land that at the moment cannot be used for anything, its approx (20ft x 20ft) the reason being is its an end of terrace and the deeds of our house have written in them that we must allow the other tennants access to their houses, i just wandered if we could move the…
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Tenant ran off - who pays what?
A friend rents out a flat but I kind of deal with things at this end as the owner now lives abroad. A tenant has just absconded and left the place bare - it was fully furnished - and the police are dealing with this, although there are complications! She also left unpaid rent which the leasing agency will chase. An…
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Itchy feet
Every once in a while I get the urge to make a life-changing decison / take on a new project. This time it's moving house. Getting this wrong can be very expensive and of course the current economic climate doesn't help. I have a lovely home and don't actually need to move but feel very restless. It did occur to me that it…
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Ending a Tenants Contract early?
We moved into a house with 12 month contract which included a 2 month break clause after 6 months, so would let us move out after 8 months Since moving in I've lost my job and am struggling to pay rent, do you think it's possible that the contract could be ended after 6 months, is it something that could be negotiated with…
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Is it worth it??
Hi Just a quick question to gain an opinion or two. I own a property purchase in 2004 for £80K, which I modernised at a cost of approx £20k. I have a mortgage of approx £77k. I am considering moving to a new house currently valued at about £150k, which due to the current down turn is a bit of a bargain. The problem is that…
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shared ownership
that we cant buy the house out?
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Should i just give up a try later
Right basically i have been going through the process of buying a house for the last 2 months,i had previously gone through the process of buying another house but fell down at the survey stage due to the house having supsidance issues. with the current house i am trying to buy all was going well until survey yet again, it…
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Removals tip
Hi, I've just made a large saving on the cost of moving our house so I thought I would share. We've always used a 'man and van' service in the past as I'm able to help load. However the last time we moved we struggled to fit everthing into the luton van, so this time round we thought we would have to get a full removals…
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Would a railway line near house put you off buying?
Hi, Our house is for sale and I am keeping my eye on what is coming onto the market with the view of them being a possible next home for us. I have seen a house that is in a bit of an odd position, it is sideways on to the road and the porch is very near the pavement. from the side it looks like a lovely charatcher…
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Are people REALLY struggling to get mortgages?
I've noticed on a few threads that people are saying you need crazy deposits to get good deals on mortgages at the moment. Figures like 30-40% etc... Is it really that bad ? In my area (North Yorkshire / North East England) the first mortgage broker I met said myself and partner would have NO problem obtaining a mortgage,…
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Financial Adviser
Who/where is the best place to get financial advice? Me and my partner have a property each to sell and want to buy a bigger one, so its quite complicated. I just feel that I cant really trust anyone and they dont always really know what they are talking about. Thank you.
