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Problems Renting
I live in Spain but returning to the UK in August,will need to rent a house on a long term basis,my OH is self-employed with a got turn over so no probs paying the rent.I have talked to some agents who have informed me that I will need proof of address,which i only have in spain,a good credit rating which i don't as i am a…
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Easy Tax question, can't find answer!
I'm trying to find an answer to what I thought was a simple question! If I buy-to-let, what is the rental income allowance for single and joint ownership per annum. i.e. How much can 1 person earn from rental before tax is paid? or how much could we earn as a joint purchaser? Thank you so much for any replies.
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Paying off Rental Property debt
I can't quite get m head around this one. We are renting out a property that is valued at £300k for £16k pa (after expenses) and the interest rate for the buy-to-let is 4%. (We have added this house to our Natwestone personal mortgage.) We write off the interest against the mortgage and pay 40% tax on the rest. We are…
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Result of damp survey
I have sold my house, had the surveyor in who recommended a damp specialist come and check out the downstairs walls. The bloke from the damp company came on friday and found a small damp patch by the chimney breast and some minor damp by the sides of thew bay window, he said very minor problem and recommened some injection…
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Bailiffs looking for Landlord
Hi, i hope someone might have some knowledge on this matter. My sister in law has just moved into a rented house, theyve been there about 3 - 4 weeks, and in this short space of time, she has had bailiffs at the door about 4 times, asking for the owner of the house. The man they are asking for is the actual owner of the…
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Central heating compliance certificate
Hello all, Me again with more worries! Ok, so I've received a report back from my solicitor. In it, it has a property information form completed by the owner. It states that the central heating system was installed in 2004. However it was actually the previous owners that installed it and the current owner does not have…
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Help References needed by Housing Association
Hi Guys I am looking for a little help. My local council have nominated me to a Housing Association for a property and the HA have made a provisional offer of a tenancy which is great, all they ask is that I fill in the application form and send it to them and provide them with id which has all been done with no problems.…
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Mmmmm
a bit nervous of writing this, as looking at other threads a few people don't like btl, Has anyone got anything positive to say about buying a btl just now? My hubby and I are thinking of buying one, I know nothing is sure, but we are going to give it a go, Are we wrong in thinking that IF it works out and we manage to…
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having a lodger
just a quick question, if you have a lodger, or recieve boards from kids etc, can that be used as income as far as the mortgage company is concerned regards Lewb
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vendor deposit
i am buying a house that is valued at 79950 i have had an offer accepted for 62500 and was approved for a mortgage with me bank as long as it 20% less the asking price, they then said i coudn't have a mortgage as there was a small sentence which meant they would only give the mortgage if i was buying from family:confused:…
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HIP requirement from 6th April -
http://www.direct.gov.uk/en/HomeAndCommunity/BuyingAndSellingYourHome/Homeinformationpacks/DG_171808 Am FTB, with offer accepted perusing the internet about conveyancing and wanted to see what info was in a HIP. According to that site, the Property Information Questionnaire is required in a HIP from 6th April. My question…
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HomeBuy - Shared Ownership getting better?
Here we go, another thread on shared ownership... I went to a HomeBuy event today and noticed that a bunch of flats which were being advertised from 175k for a 2 bedroom, from 150k for a 1 bedroom, this was in December 2008, now they are being offered on under the homebuy scheme for 115k 1 bedroom, 127k 2 bedroom. The…
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Redrow won't let us out of Missives
Hi this is my first post but I feel its an important warning to everyone. I'm also looking for some advice as to what to do because I don't know what else I can do. Last May we put down a deposit for a Redrow house in Lanark and concluded missives shortly after, giving them around £4000. This was before the housing and…
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Apologies for this daft question
As i say,i imagine this seems to everyone to be a daft question,so i apologise.But.......... I have exchanged contracts with my buyer,completion date being 10 days away. Having exchanged contracts,does this mean he cannot at this stage 'pull out'?
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1.5 weeks, 2 viewings and an offer!!
House not yet been on the market 2 weeks and we have had an offer from the 2nd people to view it. Fingers crossed it all goes through! Didnt expect one so quick! ha
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Long list of problems with New Build
I have had serious problems after purchasing our property, and we are just about fed up with it all now, we are writing a letter to the builders complaining. Were not sure what we want out the builders as compensation, we WOULD like them to purchase the property back from us as compensation but we know what the the…
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Spanish Properties
Looking at buying a Spanish property around Rincon de la Victoria or Torrox near Malaga, does anyone know how much prices have dropped and likely to drop in the future? Grateful for any links.
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Affordable housing - A joke!!
My wife and i live in a part ownership home. 2-bed end of terrace on a new development. We have a mortgage for 40% share of the house and pay rent on the remainding 60% share! Unfortunately we are in a situation currently where with household bills etc, we currently spend more than 200 pcm than i earn! We know that our…
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Service charge paid but company refusing to provide services
Hope this is the right place for this and someone will have some ideas. I pay a service charge for the usual upkeep of areas around my leasehold. I have always paid on time. However I got a letter syaing that because so many people owe money they are not going to do anything else until it is all repaid. This is really…
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FTB House Buying Conveyancing Quote - Sound Good?
I've had my offer accepted on a house and my broker has sorted a mortgage with the Abbey. I have just used http://www.abodeconveyancing.co.uk/conveyancing.htm to get a quote The following quote takes into account the tenure is leasehold, the local authority was selected and the lender was selected. This makes it more…
