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Mortgage Payment Holiday Needed
Hi Everyone, I am new to the site so hope i have posted in the correct part. I am 23 bought my first house with my partner June 2008 and have since been struggling to pay my bills as we have other debts such as credit cards loans etc..... However we could clear most of these debts up if we could have a few months payment…
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Landlord not returning deposit - Letter format
My background: Rented a property and had to leave in 3 months, breaking the contract. Found another tenant before I left, so no loss of income to landlord. Landlord had agreed to pay the full deposit, but is saying he has no money now. I waited for 2 months and am considering him a written notice to go to the court. Since…
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Splitting up 5 months after buying house
I bought a house with my partner 5 months ago on a shared equity - we got a 75% mortgage and Persimmon paid the 25% which we have 10 years to pay back. The house was £135,000. We both pay half towards the mortgage and its in both our names. Things are just going from bad to worse with us and I want to split. What is the…
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Freehold ownership or sharing freehold??
We are just about to buy a flat in a house that has been made into 3 flats. The owner of the flat we are buying owns the freehold as he owned the house originally he has offered us the freehold. I would like to know if this is a good or bad idea and what is involved in taking up this offer? My worry is that the basement…
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Can letting agents force me to get AD cover?
I'm moving in to a flat on Friday, and went in to the letting agents yesterday to give details of my references etc and get a draft copy of the tenancy agreement. The agent told us that we need to take their insurance for contents and accidental damage to the landlord's fixtures and fittings (it's unfurnished, so I guess…
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When to take out buildings insurance
Hi, I just had a quick question on home insurance. Missives have now (finally!) been concluded on my house that I'm buying (FTB). The exchange of contracts and getting the keys may happen today (yep, it will be extremely short notice whenver it is just because of the nature of it). So my question is about home insurance.…
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Lender changing maximum LTV's
Hi, This is my first post on here and I would really appreciate a reply! I am in the process of buying my first home ( a repossession) so we are tight on time. I applied for a 90% mortgage from Natwest, passed credit search over the phone, then when the case went to underwriting they said the max i can have is 85% (which i…
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Misleading Lending - how "great new deals" could cost you more
Hi, I have just posted a new entry to my blog in response to some of the worrying "misleading lending" practices emerging. This is esp. aimed at those looking for new deals - or who are being offered 'new deals' by their current lender - doing your homework is critical.…
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FTB - Insurances
Hi Sorry Im not sure if this is the correct place to post but here I go. Myself and my boyfriend have just had an offer accepted on a house and we are currently going through the mortgage process. The lady at the bank has advised us of certain insurances we will need such as Home and Contents, Life, Critical Illness. Im…
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'Evidence of Movement' on house survey- help?
Hi all, We are in the process of buying out first home... Surveyor provided a valuation report to the mortgage lenders and on it it said there was 'evidence of movement' to the property. However, said it was not ground-related (which I understand is good?). It said further movement would be acceptable, but did not state…
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Time between Exchange and moving in
Hi In the middle of a chain and person buying ours looking to exchange end of nov and move in soon after that. The people in the place we are moving to won't be out till dec 11th. I'm waiting to hear back from our EA to see if vendor can move out any quicker. Does anyone know if theirs any sort of holding period between…
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Grounds to break contract?
Ive been renting a property from my landlord for the past 2 and a half years, and in that time not one single check, eg, gas and electricity safety check has been done at all, i didn't even know they were required to do this untill a few days ago, would this be grounds to be able to break the contract and end a 10 year…
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LTV or Purchase Price whichever is lower
Hello, I have had a mortgage agreed in principle having made a verbal offer to a firend to buy their house. The house was valued by an estate agent, I had an offer accepted below the asking price (estate agents valuation). The motgage company at the time of maing an offer in principle knew what offer I had made and had…
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property valuation - when is it done?
My partner and I are in the process of buying our first house. We have put in an offer and made a mortgage application with Halifax building society. They said we needed to pay £315 for a property valuation which we paid and had done before they confirmed we could have a mortgage. This was done a few weeks ago and now…
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First time buyer - need advice on damp
Hi all I had gone to measure up the property I am buying, for furniture etc, when I noticed some damp! There is a big patch ( apprx. 3 sq ft) in the living room, next to the open plan kitchen, which the agent thinks might have been caused by a leakage from the dishwasher, which has since been treated. There are a also a…
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Solicitor Terminology issue
Hi Can anyone help me - I seem to be having a real issue with a house sale that is going through (I am the seller) The property is a first floor maisonette, so it's leasehold, and although I own it, it's in a block, with a management charge payable every month to a housing association.managment company. Anyway, the buyers…
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when u sell a house do u have to........
provide certificates for electrics,central heating etc....? my mum is looking to sell her house now my dad passed away and neither of us have a clue what we need to do but mum seems to think we need these certificates? any advice I can pass on greatfully recieved xx
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Problems with joint tenancy...
Hi, I live with 3 friends, well make that 2 now. The problem i have is that one of my "friends" has walked out on us and canceled his direct debit. None of us really know our rights etc in this situation so i thought i'd ask on here, what can we do about this? thanks in advance.
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House price renegotiation
Hi, After another viewing we had found some more issues with the house we are buying. 1.roof is leaking a bit near to central heating vent. 2.some suspicious cracks in the wall 3.some dents on the wooden floor 4.possible no building regulations for downstairs toilet(this is investigated by solicitors now) We plan to have a…
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Bailiff for Landlord and Eviction ?
I have an assured short hold tenancy. My landlord has stopped paying the mortgage properly, I have had letters for him and the guarantor every month for the past 6 months. It normally gets paid although this month only £50 was paid – pointless really because every time it’s missed he’s charged £40. The inland revenue are…
