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Besides the deposit, how much should we have saved?
We're looking at buying our first house in a couple years time. I know I want a minimum of 10% as a deposit, though we're aiming for 15%. But there are so many other costs, solicitors, surveys etc. How much should I have aside for that? I don't know if these things altogether will cost me £5,000 or £10,000! The houses…
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Mortgage advice to buy a property to renovate
I wish to buy a property from the executors of an empty house. It needs work doing on it and I have offered 100k as it stands, with some work costing 20K it will be worth approx £150k. The executors have accepted this offer. I currently own a house worth £350k with £116K of outstanding mortgage.(Household income of £70K)…
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Property near rail road - how bad is that?
I am going to buy a nice property but it is 20 yards close to rail road (Willesden Junction). The price is very attractive but how bad is that to live near the rail road and would it be difficult to sell or let it? The windows are double glazed. Any ideas, any thoughts?
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Selling House as Building Plot ?
Hi, I am looking to move and sell my house but as there is plenty of land with the property I am wondering how to best maximise by revenue from the sale. I think you could quite comfortably fit three houses within the grounds of where I currently live. Does this sound like a good idea and if so where do I start with such a…
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Bloors
We are looking into a house from bloors priced at £151,000-£152,950. Does anyone tell me how much we should offer we were thinking of £145,000. cheers
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What do you think is going on here with this repossed house?
I placed an offer on this repossessed house back in January where the bidding ended up between me and another party - it went to final best offers where i offered £100,500 and i was informed the other party's offer was accepted and they were offered exclusivity for the purchase. At the time i thought that was a bit strange…
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Timberframe Kit build
Hi, I was wondering if someone could give me some advise on the two different timberframe kits. One kit from New World Timber Frame is the Timber frame on it's own. The timber frame is £15k then £4k Plus for erection. www newworldtimberframe com/design/hastings.html The second kit is from Scotframe. Below is the…
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Second Home. Rent out or holiday let?
We have had our offer accepted on a small house near us which we are buying, as we have paid off our mortgage on our own house. (Thanks to those who advised on here on my original thread:)) Not sure whether to let it out on a "permanent" basis or for holiday use. I guess there are swings & roundabouts for both. But we are…
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Renting Keyworker in tears - please help! :(
Hello all... Please help, I'm feeling so angry, upset and desperate - I am at my wits end. Please give me advise if you can help? I work for the NHS and in 2008 was accepted for renting Keyworker property which is supposedly affordable housing with a local housing association. I rent a one bedroom unlifted new build on the…
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5% Deposit Paid by vendor
This may be a silly question, but does the above mean, that if we have no deposit, we can buy a property that has a percentage paid for by the vendor and just need to pay for the fees ourselves etc? And providing we can find a 95% mortgage of course.
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First Time Buyer advice needed.
Hi, I am a first time buyer. Me and my partner put an offer in on a house 2 weeks ago which has been accepted. Early last week we applied for our mortgage, where we were told by our Independent Mortgage Advisor that the surveyor would be out at the end of the week beginning of this week, and that the house wouldn't be…
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To move or not to move
This is the second time I've had my house on the market, its been on the market for the past 6 months with one offer and 3 viewings. Problem is I am in a detached house and would like to move to another detached house but cant see anything on the market we can afford in the area. We could extend our property however the…
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Home Buy Direct scheme, New build valutions and Incentives
Hi there, I have been attempting to buy a flat on the Home Buy direct scheme and would like to obtain some advice from others about the scheme and valuations on new build apartments. In some ways it is a good scheme (if not full of government red tape) but I think the developer is taking advantage of the fact that first…
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Do I have to pay for "preparation of documents"?
Hello, I am new on here and would really appreciate some advice please. I was recently accepted as a tenant for a rental property, but before I signed any tenancy agreements I decided to decline the property. I have since received a bill from the letting agent for "preparation of documents". At no point was this fee…
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What to offer on a house... whats fair?
Hi Guys, I viewed a house in my area this friday evening! Its listed price 165k, down from 175k a year ago, so its been on the market 12 months. Currently unoccupied, elderly couple moved out etc. Its the right house, right area, right size drive, landscaping just needs a little updating but its basically maintenance free,…
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Putting an offer in - where to start
FTB here. Looking to put an offer in for a property on the market at £129,950, for the area quite a good value to on the market at. Where do you start with putting an offer in? £105,000? £114,900? Can too low an offer be insulting and ruin future offers. How do you word an offer, do you go all desperate to get the house…
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Is it the law to have fire blankets in common space
We're having our building refurbished. The building is comprised of several flats and we all share common space such as the stairs and hallway. We already have fire extinguishers but are we required by law to have fire blankets and first aid kits. If so, what law dictates this and how many blankets and first aid kits are…
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Notice to leave property - confusion
hi there I hope someone can help me with this I rented a house on a 6 month AST via a letting agent in October 2009. The tenancy is due to run out on 31st March 2010. Just after Christmas I decided I'd like to relocate back to my home town to live near my family as I've recently divorced and am isolated where I live. As I…
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Help - Washing machine broke, landlord refuses to fix / replace it!
Sorry if this in the wrong place. I'm renting a furnished flat that includes a washing machine. Last week it stopped working and when I told the rent office they said they won't do anything about it. The maintainence man then told me to open it up myself to see if the filter/drain was blocked. I've done this and it's still…
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Would this work?
I have my house up for sale and need all the equity I can get as I would not be able to get another mortgage ( self employed and business poor). My parents own two homes- live in one themselves and rent the second. They would rather sell than continue renting and have had the second on the market and have recently dropped…
