-
Advice re: £ allowances from seller seperate from mortgage
Hi We FTB and are nearly at exchange on a house. It was up for £180k and we got it for £157k. We have a 10% deposit and mortgage sorted with C&G. The survey valued it at £157k and at the same time showed a few issues - nothing major but included some damp. We had a specialist damp survey done on advice from the original…
-
insurance for flats in one house
Hi. I find myself in a position of helping a friend in an area they, nor I, have any knowledge in. Basically my friend has a flat in a detached house that has been converted into five flats. Three are rented out by landlords (my friends included) and two are owner occupied. They have all got together and one owner has 'set…
-
Where to start? - London FTB
Hi all, I've picked up a lot from reading this forum (thanks for all your help!) and now have finally decided to post something. After saving for a few years, I now feel that I am ready to buy my own flat. I have spoken to my bank and with my Dad acting as a guarantor they have agreed to lend me the following: £130,000 if…
-
What increments should we place our offers in?
Hi, FTB'ers here, Just wondering what increments we should go up in when our first offer has been rejected (which it has). If I work in percentages, the property in question is up for £100k, we offered £74k. We offered around 26% below the asking price and it was rejected, which we were expecting. So what should our next…
-
BTL - Interest Only Mortgage
Just wondering. When looking up BTL mortgages I see mention of interest only ones. Now, I have heard of these before relating to residental mortgages but normally the person is required to have some sort of investment vehicle to ensure the loan is paid off at the end of the mortgage term. Does the same thing apply to BTL…
-
who is my landlord
Barratts built my property, how do i find out who my current landlord is?
-
Advice on making offers
Hi We have put an offer of £220,000 on a house up for sale at £260,000. The offer has been refused and we have been told that the vendor will not accept offers below £250,000. We have sold our house and are currently renting so are in a very good position all of which we emphasised in the offer. The house needs some…
-
I dont know what to do - help please
We put an offer in on a property on Saturday for £142k, the house is on for £155k. Nothing has been sold there recently to compare the prices. The EA couldnt get hold of the owners so said she would ring me back today. After ringing them today they tell me the owners are on holiday in St Lucia, she isnt sure for how long.…
-
House Swap, how quick can it be done?
We're in the middle of negotiating a house swap (through and estate agent) so no chain. We have our solicitors in place and a mortgage so we're ready to go. We want to move fast. When we've hopefully agreed prices I want to be able to say to the estate agent we want to be in in x amount of weeks. What's realistic?? Is six…
-
Places to live - anyone commute on the Epsom line into Victoria?
Not sure if this is the best place to ask, but I'd like to find someone who is a current commuter from Epsom. If anyone knows a better forum, either on MSE or elsewhere, then please let me know! I have lived around SW london for a good 30 years so know the area well, I know the best places to live with the shortest…
-
EA cant get hold of sellers
We put an offer in on a property on Saturday and the EA have had no luck in getting hold of the sellers. Its so annoying. I dont blame the EA - surely if your selling your house you would keep your phone on? They have already left the property so EA cant even get hold of them by going to the house. We have an offer on our…
-
First time renter....
Always 'owned' before. Is it ok do you think to offer less than the asked rental? I have noticed -from trawling through Gumtree etc - that many properties are on at different prices in different places. Any advice gratefully received. K
-
Selling with short lease.
Does anyone have any experience of selling a property with a short lease. 58 years. I wonder what these companies that advertise are likely to offer. I need 90% Any experience that people have would be gratefully received. Alternatively, I would need to let either privately or on a lease to the council. Does anyone have…
-
FTB or Renter?
Hey Guys - firstly a big hello to everyone. After reading the forums for a couple of months and getting some saving tips I finally registered. I'm in a bit of a dilemma at the moment. I'll be graduating from uni in a month at the age of 22 with 4 years of studying. I worked quite a bit during uni, had a year out on work…
-
Getting my name put on my partner's mortgage
Hi , I would like to get my name put on our mortgage. I know this should positively effect my credit rating, as I will no longer be a renter but a buyer - but is there anyway it would advesely effect my partners credit rating or will it improve it? (I dont have any bad credit) Colette
-
Help for my daughters rent deposit!
Please, please can anyone advise me how to help my daughter. She is only 19 and stuck with trying to get her deposit back on her rental. 12 months ago she answered an advert through a letting agent for a room in a flat, the advert had been placed by the other tenant and she paid her deposit to the letting agent and moved…
-
Help with cob built building
Hi I have just had a survey carried out on a property that I am hoping to buy which has come back with a few problems. The property was built 150 years ago as three separate properties which have been converted to one. The roof has been raised to add an upstairs with a loft conversion. The original part of the property is…
-
Tax on income from renting a property
Hi, Looks like i'm (well my girlfriend is) going to have to rent out our existing flat, and I have a few questions about tax on income from renting a property. Might be stupid questions, but our only tax dealings right now are done automatically by PAYE! If i earn 35,000 a year in my normal job and have an interest only…
-
Quick question re valuation survey...
Hi... Our buyers mortgage lender (Abbey) are sending the surveyor today, to look at our house. There is previous mining subsidence in the area, but we don't know the history of the house. (Wasn't any issue with our mortgage when we move here). What does the surveyor look at for a valuation survey? The house is clean and…
-
no viewings - how to encourage EA to promote
first of all, i am selling a lovely detached house, very competitively priced (at today's prices, not last year's), with seaview, affordable to first-time buyers - and it has been on the market three months now. i rang the estate agent to get an update on progress and i was told there had been no viewings. is there a way…
