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home buying
Hi everyone, Im looking into buying my first home, iv seen the house i want and viewed it it was up for 140,000 which is a bit out of my price range, but after viewing the property i viewed another house with the same agent and i noticed the for sale sign had been taken down on the house i wanted. out of curiosity i asked…
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Completion Date Help
Ok heres the situation: my girlfiend and i are buying a house. The people who we are buying the house off are buying a new build. Originally we were expected to complete in August, but now are solicitors have said there new house will be ready the end of june. The problem that we have is we are still in contract on our…
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I wish I could look into the future!
Hi all, I hope I can ask some advise from your guys. My fixed term ends on the 1st June 2010. Ok, thats quite a way away.. however, we would like to move house. We would like to be moving in to a new house around this time so that we can start a new fixed term with a new mortgage and look around for a better deal. I have a…
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Advice needed please.
My partner has sold his house to a couple who are first time buyers. We accepted their offer 6 weeks ago. They told us when they came to view the property that they were waiting on paperwork from a scheme the government is offering (think its the one where the government pay a percentage). Since then we have had letters…
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Offer letter - if you were a vendor would this put you off?
We are looking to buy at the moment and are in a very good position. When we place an offer on a property we thought it would be best to set it in writing and provide supporting evidence rather than making an offer over the phone. If you were a vendor would the below letter and demands put you off? We would like to place…
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Rental Guarantor
Do they have to be working? My parents own their house out right but are retired and I really don't think any of my friends would want to act as one for me.
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MOAT - mychoicehomebuy HELP!!!
Hey all, We registered with our local Homebuy agent (Moat) in December 2008, we got our confirmation to look for a property at the beggining of March this year. Our landlord has decided to sell this house we are renting so we said we would have it off him. We agreed a price etc and I rung Moat to ask if they had funding,…
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making an offer
Hi, i just wanted to see what advice you can give me. I have found a house i like and we are in final negotiations over the price. However I am worried about how serious the sellers are, they are moving to a new place for a child to start school, but only if they can find a house that they like within the catchment area.…
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Title deeds
Does anyone know what it means when the boundry on the title deeds to your house cover half of the road in front of the house?
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Worried about BTL property
Hi Sorry for the long post, but I'm just after a bit of advice or some shared experiences from anyone else in this (or a similar) worrying situation. Basically, our BTL mortgage is up in August and TBH, I haven't a clue how we're going to afford to renew it. Like many newby landlords, the wife and I didn't set out to…
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When and how to get a surveyor involved?
Hi All, I have just been to view a house today that hasn't had any work done to in at least 30 years. In the living room there is a bay window and the plaster on the wall under the window (on one of the 3 sides) has come away and is lying on the floor. I poked at it and it did feel slightly damp - but I am no builder ;)…
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Increase loan payments or start deposit
Hello all, Would appreciate some advice on my current situation. I have quite a large loan with 5 years term left which fortunately I can comfortably make the payments on. I have some surplus each month (about £500). My girlfriend and I need to move house relatively soon but neither of us have much to put towards a…
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Renting current home / buying new
Hi, After some advice again. Looking at a new property but don't want the hassle of selling mine. How can I rent it out, will this be as easy as it sounds? I have the deposit for new home and rental value will cover the mortgage on my current home. What would be the lending criteria for my new home will my lender ignore my…
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Is now a good time to buy?
I am debating whether now is a good time to "encourage" my kids to buy,{London and surrounds} or should they wait a bit longer. "Encourage" = Lend Money "Lend money" = Give Money
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Internal heating is linked to my account - leasehold propery.
I purchased a leasehold property in 2007. The freehold was sold to a management company last year. Since then I have become aware (no knowledge of this before I moved in) that the communal hallway radiator comes on when I turn on my own heating. I also have a sneeking suspicion that the lights are also linked to my account…
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Leaseholders - how much is your building insurance?
I have received an invoice from the management company, who purchased the freehold to the building last year. The building is a 4 story victorian property seperated into four flats. The management company has sent a bill for our share of the building insurance. The total cost is £1,034.47 of which we pay 25% (£258.62). I…
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Renting out house to move to larger rented property
We have come to the conclusion that our house is too small. Where we live is so expensive (even in the recession nothing has changed) that we can't afford to move house. We have thought of renting a larger house and renting our own out, but it seems that to do that we would have to change the mortgage to a 'buy to let'.…
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999 Year Lease Increase clause
Hi All, We have an offer in on a house which is leasehold. The land it sits on is owned by a freeholder. It was build in around 1860 or so, and includes an annual £14 "peppercorn" ground rent. There is quite a lot left on the lease, so that is not my main worry. But is there anyway that the free holder could increase the…
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Should they have provided a Home Information Pack?
Hello all Me and my husband are FTB's and we've just found out that our solicitor has been advised by the seller's solicitor that they would be sending a home information pack to cover some of the searches. We've only just been made aware of this, and in fact had been told by our EA that the sellers didn't have to provide…
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Let to Rent
I am looking for a bit of advice, if I let my current house (which is my current primary residence) as I can't sell it and rent in the location I want to move to if I could sell it, do I have to pay income tax on the rent I receive (less the allowed expenses etc) or is there an allowance or time period for which I am…
