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Advice on locks when buying repo
Hi does anyone have experience in buying a repossessed property. Had offer accepted on one. It was owned by an estate agent so he was sensible enough not to trash it. My concern is about all the locks on the external doors. Does the bank change all the locks when a property is repoessed?? If not what is to stop the past…
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Can a tenant bypass letting agent?
Hello all, I'd appreciate any advice and opinion. We've just fallen out with our letting agent and given them the required notice. We signed up for a fully managed service but getting alot less then what we are paying for. Anyway, We are thinking about asking our tenant to pay the rent directly to us and bypass the useless…
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Can we buy our housing association house
hi i live with my mother, we live in a 3 bedroom house owned by Civiv Housing Association (Birmingham), we've been living here since October 2001, thats over 8 Years, my mother is interested in buying it but some people say the company won't sell it, but others say it may. My mother is about 64, and on state pension, and…
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LL doesn't hold money in deposit scheme...
Ok I am about to start uni placement and a house with 3 others I will be working with. The guy we are renting from doesn't hold the money in a deposit scheme (but in his own account). What are the implications for this? We have in our contracts the amount of deposit he holds but when it comes to end of tenancy I of course…
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Council Housing
My Dh and I are corrently registered with home select (for council/Housing authority housing). We made a bid (showing interest) on a 4 bedroomed house last Friday and we are in que position 6. This afternoon while I was picking my dd up from school there was a visit from a home select officer (my dh and youngest dd were at…
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Confused FTB - Basic question!
Hello All, Me and my boyfriend are thinking about taking the plunge to buy our first house and I'm a little bit confused as to where to start! Background: Have around 40k deposit (could be more) Separate 8k for fees, some furnitute we will need etc. no debt, good credit scores. combined income around 38k. looking to buy a…
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What do letting agents look for on credit checks
What do letting agents look for when they do a credit check.
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Advice needed on selling my property
We have had 4 estate agents round and seem to value the property accurately. Between £165k-£175k so I am thinking of putting it on at £169,950. I am quite surprised though at the difference in fees & HIP's services. The cheapest was 1% fee with £300+VAT hips and the most expensive was 2% fee and HIP of £399 +VAT. The agent…
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Negotiating on a repossesion
We are currently in the process of buying a repossession for cash. However various surveys has highlighted a damp problem and a new roof is required. To rectify this will cost 7.5K -10K and take us over our budget. Has anyone had any success in negotiating the price down. The estate agent keeps reminding us the house is…
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What do you think about EAs working evenings?
Hi everyone! Just thought I'd pick your brains out of curiosity: As the title says; what do you think? Is it useful to you or would it just be annoying if an EA called you at 8pm? As a vendor, would you feel it was beneficial? Any thoughts/opinions welcome.
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please offer me advice on negotiating this house purchase
Hi, I am looking for any advice or tips please. The situation is I have seen a flat I like. It is on the market for £110,000. I offered £80,000 and it was rejected with the agent telling me the vendor is looking for near the asking price. The last place to sell in the development went for £98,000 from an asking price of…
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HIP... or lack thereof
Hi I was hoping for some advice regarding the ever popular HIP. I am purchasing a house that was previously on the market for some time, the history is as follows: Originally put up for sale in January 2008 for 183k Price dropped several times over a period of just over a year leading to a buyer being found in April this…
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other owner of house i own with is trying to sell without my permission/knowledge
i own a house 50/50 with my brother in law we no longer have any dealings with each other. without my permission they have been letting the house out and using the income to rent in another part of the country. i have turned a blind eye to this. i have found out today that they are trying to sell the house and have been…
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Removal of chimney breast in house
Just had a nightmare of surveryor's building report. It is going to cost loads and to make matters worse I just found out the removal of chimney breasts require building regulations and the work is illegal as no application has even been submitted to the council. According to CS, I can put it right and they can investigate…
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Mortgage/BTL Advice Required Please
Hi All, First time post. OK So I'm 24 years old and live in a 1 bedroom spacious flat that has a new bathroom kitchen bedroom and garden. I have a mortgage of 99,990 and the property was recently valued at around 110,000. Myself and my girlfriend are looking to buy a place together in the not so distance future and I have…
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Cost to acquire loft space (common area)
Hi, We're in the process of buying a top floor flat with 50% share of freehold (only 2 flats) which has access to a loft space (not converted). Now the lease states that the under-roof space is a common area and the downstairs co-freeholder is seeking legal advice to determine what is reasonable for us to pay in order to…
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Survey results - is this serious/costly?
We've just had a homebuyers done on a property (we're FTB). It's come back with a few action points that I'm not sure quite how serious they are/if they're just "to be expected". 1. The damp course is too low to the side of the house and in the conservatory and we need to lower external ground levels (this would include…
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go with same building insurance underwriter as curent owner..benefits?
hi there, im sure i read somewher about there being a benefit with going with same underwriter for building insurance as curent owner. is that correct? moonwolfx
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First time letting - advice please
Hi, This is my first time posting on this forum so I hope someone can advise me. My girlfriend and I are looking at renting our first place together - a nice little one bedroom flat in a new build complex, however I have some issues with regards the checks the letting agency will conduct. As we are both going to be living…
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Rent book needed for lodger via rent a room scheme?
Hi There, I will potentially be taking a lodger in within month or two. I will be paid from the lodger via Electronic standing order every week. I didn't believe I needed rent book as all the payment would be traceable on my bank statement. A colleague has advised me to get rent book and get myself and the lodger to sign…
