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1st time buyer - money incentives to give up social housing
I have a friend in England who I'm posting up for their behalf as they don't have internet.I have enclosed a link about a similar article she read in The Times newspaper earlier this year.How would she go about finding out if she be able to get any money for moving out her 2 bedroom housing association house. Some councils…
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Is this a fair offer???
Hi Would like your thoughts on this....... We have viewed a cottage (grade 2 listed) price 365K loved it and put an intial offer in of 310K. The current byers bought property in oct 06 for 347K and haven't made any expensive improvements. We felt our offer of 310k reflected the drop in values since oct 06. Offer was turned…
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Mortgage or Savings for Home Improvements
Just a bit of advice please. We have recently sold our house and are in the process of buying another. We are lucky enough to have some savings as well as the equity on the house we are selling. The house we have are buying needs some work doing. Should we use our savings plus the equity to buy the new property, then…
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Self Employed First Time Buyer...Looking For Advise
Hello to all, I use this site a lot, but rarely post...especially after my first post wasn't very well recieved. Moving on.....I am (as the post title says) a 'Self Employed First Time Buyer'. I have been self employed for 3 1/2 years now, have a bit of cash in my savings and yet a pretty poor credit rating (from student…
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Extending lease on a flat
I have a 60 year lease on my flat and have recently made enquiries with the freeholder/landlord about extending the lease to 99 years (which was the original lease term when the lease was first granted). They have quoted me a £ amount to extend the lease to 99 years but I have no idea how that amount has been calculated.…
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Do we need to lift floorboards to check timber joists? FTB surveyor vs estate agents
We are FTB who had our homebuyer's report back today; it said that the floor in the front room is 'bouncing' and needs URGENT attention. I spoke to the estate agents to let them know that someone will be going to do a test and report for us and the agent told me that the vendors had guarentees for damp course and woodworm…
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New Build Valuation Premiums 10%?
We are currently in negotiations to buy a new build from a property developer. They want £740K for it. Our mortgage company sent their valuation person there today and we were in the fortunate position of being able to speak to him. Basically he says that as a new build it is worth £740k but if we sold it the next day…
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Gazumping Home Buyers Expense Insurance
Does HBEI still exist? I know OneMove use to sell it for £69.99 a couple of years ago, but not anymore.
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Problems with a Leasehold Flat.....
Not sure if this is the right board to post this question, but hopefully someone can help.... My mum lives in a leasehold flat on the first floor. she pays ground rent and is up todate with it etc etc. She is having a terrible damp problem in her kitchen and apparently there is a problem with the roof/guttering which the…
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Estate Agent contract - am I being too picky?
Just been to see my first choice estate agent (based on the info they gave me about price etc, and based on their web presence, responsiveness to phone calls etc). They want to charge 1.5 % fee with a minimum marketing period of 12 weeks. I can give notice after 10 weeks if I want to leave and go to market with another…
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PRC repairs
Hi, There is a property me and the wife was interested in but after calling up today it seems this is an old Tee Beam(?) construction. I called Nationwide as a check and they said the property would not be mortgagable unless it has sufficient repairs done, the PRC repairs. I have tried googling and the few companies I have…
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Landlord AST agreements - where to get one
With the recession hitting everyone i thought it would be good to share resources found .... one here for landlords, a FREE AST tenancy agreement. http://www.credit-check-services.co.uk/resources-property.asp I used to buy them from WH Smiths for about £9. Some online sites charge as much as £29 for a template agreement…
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OH owns share of FILs property - should this be declared?
Resolved question. Thanks
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Renting from family friend
Ok will make this as short as possible, my step-dad's friend has bought a two bed house and garden outright, and wants to rent it out to someone he knows about (my hubby and I), it will be long term, and he wants it for his old age (approx 10 years time). My husband and I have been private renting for 9 years from the same…
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Catalyst affordability criteria for My Choice Homebuy
Does anyone know how is the affordability calculated by Catalyst housing group? By affordability I mean, the min and max value of property given by catalyst for my choice homebuy. Thanks…
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Renting help - tentant moved out but daughter still there.
Just a bit of background. Tentant who is a friend moved into my property in November. He daughter moved with her but not on the agreement. Rent to be paid weekly - every Friday. They missed one payment when tentant was away and told the daughter to give rent to me but she didn't and this friday, tentant went away for…
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Why is there no Forum for reviewing Solicitor firms? - Comments on EVERSHEDS please.
Hi there Firstly, I was just wondering why is there no forum for reviewing Solicitor firms? I think this would be a great idea as there are so many out there and so many to choose from it would help us all get an idea of who we could use. Is it maybe the fear that we will be sued for our comments? ;) I can't actually find…
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Advice please looking to let/rent with freinds
HI :) Me and a couple of friends are thinking of renting / letting ( what's the difference? ) for the first time . Basically this is the first time I've ever thought seriously about doing anything like this so i know very little . Was hoping someone could point me in the right direction to any information that might be…
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Profit from rental income..questions
I have a property that I let out and am fortunate in these difficult times to have a tracker mortgage that is 0.61% UNDER base rate......so my repayments are nil. I have looked at what I might make as profit next year and obviously want to give as little to the tax man as possible. How can I best spend the profit so that…
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Help Needed!! Estate Agent Break Clause Errors
H Alli, My partner & I have recently let our flat out through Andrews estate agents to fund us (or at least pay the mortgage!) for 6 months. As we only wanted to be away for 6 months, we asked Andrews to draw up a 12 month tenancy agreement with a break clause at 4 months, so we could give them 2 months notice & take…
