House buying, renting & selling

Discussion List

• First Time Buyer (FTB) definition

  I want to know if anybody can provide me with a clear and correct definition of a First Time Buyer. I currently have a mortgage on a house for which I've owned for the last 4.5 years. Since being the property the value has gone up but obviously back down. I expect at the present time, the outstanding amount on the mortgage…

• Confused about council housing area

  I am doing some research into local property with a view of buying and getting very confused. We are currently renting a 3-bed semi-detached in the town which came up as very affluent, with high income, high education etc on UpMyStreet.co.uk. But our very postcode is apparently dreadful. The whole area is ex-council, with…

• Capital Gains Tax on BTL property

  so if you've never lived in the property, you get taxed on any profit you made? the property only really ever breaks even at the moment on rent after paying the mortgage and agency fees my question is deductions... I know you can take of any buying and selling fees before your pre-tax figure can you deduct outgoings…

• rentforless.org.uk

  Has anyone had any dealings / heard any horror stories regarding this company. rentforless org uk (replace spaces with . as i am not allowed to post links being a new user!) The jist of them is: you agree a purchase price on the house, you then rent the house for 3 years with 10% of the rent going into a seperate fund. At…

• Vendor on holiday

  My vendor has gone on holiday to Australia (apparently they are moving out there next year and at the moment the vendor's brother and other family members are livng in the house) and I have only found this info out bit by bit from their EA. We have not exchanged yet and this has made me feel nervous as I wanted to move in…

• Split up with ex, need to sell

  Hello, I need some advice on a situation that is troubling me. I bought a house with my ex 2 years ago when we were 22, 6 weeks ago she broke up with me and is now with another man (not a coincidence). We have potential to make 80k (based on current prices) if we extend then sell, although i have a distinct feeling she is…

• Moving house - rent out old one?

  Hello We are in the process of buying a new house and are in the fortunate position in that we don't have to sell our old house. I bought the old one about 10 years ago and have since paid off the mortgage. With our new house we are paying about £650 per month in mortgage payments so it's going to obviously have an effect…

• Booking services before moving?

  I want to get sky or virgin installed as soon as I move in to my new property, can't go without internet! Is it bad form to just go ahead and book these, or should I ask the vendor? I assume letters will be sent out, and I don't live there yet!

• Are we asking too much?

  Hi, looking for some advice/opinions Me and my OH are FTB we are looking at buying a new build with a small developer at 137,000 which is reasonable considering it's the last one and others in the road sold for 178,500! We have finally received our mortgage offer after 2 months of them messing us around. :j Our problem is…

• Advice on buying a repossessed house

  I am seeking advice regarding buying a repossession house. We have placed a bid for a house which was advertised at 215k. When we first put in a bid the highest offer was already at 220k so we went in with 221k. The building Society (via the Estate Agent) immediately asked for our highest possible bid. We didn’t want to do…

• Joint mortgage problem

  Morning all, hoping for some good advice. In 2002 I bought a flat and got a joint mortgage with my now ex, in Jan 2008 she walked out of the flat. I had no contact from her during this time and continued to pay for the mortgage etc myself, the mortgage company would not allow any changes made without both signatures, and I…

• Selling without agent and HIPs

  We have had our house valued by 3 agents - 2 suggested exactly the same selling price and one was about 12% lower. We were ready to put it on the market with one of these agents. By coincidence, my wife met a neighbour in town. He recognised her and got chatting. He was saying how he would like to marry and move out of the…

• rent and legal rights

  I am a Uni student and have just moved out of my rented property. I left providing a months notice, have no legal obligation to the house which i shared with a mate. As I did not sign nor see the contract. I left the property as i was paying £300 a month of a £600 contract lease of 11 months. I found this fair however the…

• would you do this

  Further to my previous thread - would you sell your house and then rent it back to the buyer just so he could meet his entry date?

• to those buying in these difficult times! AKA buyers support network

  Have often posted on the "to those selling in these difficult times" thread and had great support when selling my house. Now that I am buying I cannot believe how difficult it is and wondered if anyone out there was having such a hard time? We sold our property in September and since then have had 3 attempts at buying a…

• Please can anyone explain?

  Hi there! I'm hoping someone can explain to me something which my managing agent cannot do to my satisfaction. I live in a block of 4 flats, one of which is owned by the managing agents, the others by individuals. All the flats are of the same size and have been converted to one-bedroom flats, except mine, which has…

• First Time Buyers, in a slight pickle.

  Hi, Recently, myself and my girlfriend have found a property we are keen on, I earn around £25,000 pa and missus earns around £16,500 pa, what with her recently becoming pregnant the asking price of £79,000 of the afore mentioned house seemed within our affordability range (impending maternity leave, etc). Unfortuantley,…

• Sold House

  Hi We have sold our house subject to contract. The environment search has come back and the house could potentially be built on contaminated land or have it nearby The solicitor has pointed out that we need to pay £180 for an insurance premium just in case. I just wanted to know if anyone else has had this problem before,…

• Buying Flat With Damp and Dogdy Vendor - How Can I Protect Myself?

  Hi I am purchasing a flat and concerned about damp in the property. The flat is a basement flat in a grade II (200 yr old) listed building. The house was completely derelict up until 2 yrs ago when it was developed into 9 flats. The vendor has decided to sell the all the flats which were initally rented. The two main areas…

• Homebuy Direct mortgage

  Hi, Im new to this. I was wondering if anyone knows if a deposit is still required with a homebuy direct mortgage (70%). Thanks