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Gifted deposits Vs mortgage criteria
Advice needed, please help! Hi there 'we', me and my partner, are first time buyers trying to get a mortgage, we have already made an offer on a house and we are in the early stages with our solicitor, we had originally be offered a mortgage in principal with the (cr)Abbey National, but from what I have read on this forum…
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Best Way to Sell a House Quickly?
I need to sell my house quickly for various reasons - so, apart from the obvious "go to an estate agent" option, what is the best way to sell as quickly as possible with the least hassle and that will allow me to get close to market value?
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help identify these lock types
Hi there, I am trying to sort out my home insurance for which I want to understand what locks I have. As I rent, I dont have any information on the locks installed, hence was wondering if someone can look at the photos below and advise what kind of locks these are? Lock 1: installed on the door opening in garage (It has…
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Putting a tumble dryer into a rented flat - landlady's response
Not sure if this is the right section to ask but here goes; I rent a property with my husband and child. There is a washer dryer here but the dryer part is rubbish. I was thinking of buying a vent type dryer to put in the bedroom (the only place I could put it at present). I would put it on solid floor and the vent would…
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Mortgage deposit if buying under market value
If you are lucky enough to be offered a house at lower than market value (eg by a relative as you are a struggling first time buyer), do you still need to have a deposit to get a mortgage or would the difference in market rate and purchase price suffice as a 'deposit'? Any suggestions?
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Withholding electricity
i own a flat..... the freeholder operates the electricity and sells the tokens....our relationiship has broken down and he now refuses to sell me any electricuty..... PLEASE DONT SEND ME ANY MESSAGES THAT SAY "HE CANT DO THAT" COS HE HAS --- BEEN TO 4 GOVERNMENT BODIES ALL SAY SORRY LUV GO AND SEE YOUR SOLICITOR. ANY IDEAS…
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Housing Benefit Advice
Apologies in advance if I make this sound more complicated than it should be. If this should be in the 'benefits' forum, please let me know. My fiance currently lives with her parents and is in receipt of Disability Living Allowance and has just begun a claim for Employment & Support Allowance, while I currently live in…
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HELP - Council tax fraud
I live in a shared flat, and have done for a year. One flatmate, who previously looked after all the bills, has moved out, and we have shared out the bills between us. The lad who took over dealing with council tax has just discovered that the previous guy was committing council tax fraud. He was claiming 25% discount for…
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Conveyancing solicitors...
Do they do much apart from butting horns with one another :rotfl: I received another big pile of paperwork from our solicitor this morning - mostly answers to queries that she had decided to raise. Judging from her replies, either the sellers solicitor thought ours was being a bit petty or our solicitor is in…
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Dilemma - is this crazy?
Hello We have a rental property in popular town on south coast. Currently making a good return. Mortgage about half the rent but about a year ago was almost all the rent, so know it could go other way again. We have decided to sell the property. Firstly we never intended to keep it long term as rental as not ideal. Has 2…
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Sending stuff England to Ireland
I posted this in 'in my home' but perhaps it would be better off here...?
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I had to share this from RM
It is sad to see a house like this, one can only assume the occupier did not have insurance, or else they would have paid for works to be done. Sad. :( http://www.rightmove.co.uk/property-for-sale/property-14906598.html
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Is it back to the drawing board for us?
Hi all We are FTBs who have a 40k deposit. I am a stay at home mum (one dependent) and my fiance is working full time earning £15.5k before tax. We are also in receipt of Child Benefit, Working Tax Credit and Child Tax Credit. We have no debts at all and never have had any either. We were hoping to borrow in the region of…
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FTB on Homebuy Direct
I have found a nice 1-bed in Bow, London for £215k, which I think is overpriced, especially given that I would have to pay extra for the flooring and there is no parking space. The developer claim that there is no way they could negotiate the price as it is on the Homebuy Direct scheme. I still feel that I should come in…
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Buying a house... need some help!
Hi, I'm a long time lerker, first time poster, so please be nice! We have (just about) got an offer on our house, and are interested in buying another property. It is 2 years old on a new estate. By doing a quick search, I've found that it was sold (new build) at £295,000 and it is on the market now for £310,000. My…
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Landlord calls "Is it ok to put up the rent - what can you afford?"
Is this normal practice nowadays? I mean, this call was a bit out the blue, so I called back and asked them to confirm in writing what they were putting the rent up to, and we would decide from that. Landlord then says "No". To me that means we do not contact them again, and we have no increase?
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Buy to let: what's a basic calculation to work out if it's any good?
my previous boss was looking buy to let. say the property was £100k, he had a basic calculation to say if it's viable and at what rentable income. so working off £100k as a house value, and maybe ignoring inflation and what the house price might be worth in later years. what would be an ideal rental income rate? i.e.…
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is it me or is everything overpriced?
We have been trying to sell our property for six months to no avail. We are looking around and everything is back to boom prices. I know my property is probably worth less than I am marketing for, but I cant drop my price because I wont be able to move. Are there many sellers on this board marketing at more than they would…
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Signing over property
Hi, my dad wants to sign over his house to my sister and I. It's mortgage free. My sister lives in the house with him already with her son. He wants to sign it over to protect us from my brother who is already planning on how to spend his half of the inheritance. My father does have a will and has left nothing to him(he's…
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Thinking of buying a log cabin to rent out for holiday lets - any info?
Hi We're thinking of buying a log cabin/lodge on a site to let out for holiday lets and wondered if anyone had any useful info? We know we need to find a site that allows you to sublet, but wondered if there was any other advice/pointers anyone could help us with? Many thanks! :)
