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Tax on Renting a property.
Hi One of my friends is renting a property and has not been paying any tax on the income. He asked me if i could find out how he could or does he need to pay any tax. Expenses are as below per month: Rent £400 Mortgage: £315 House Insurance: £18.00 Boiler Insurance: £17.00 Mortgage protection: £21.00 Can anybody please…
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making offer on house but still to sell??
Hi, We have seen a house we love which has been on the market for 5 months but we have just put ours on the market. Estate agents say that any offer will not be accepted unless our house is sold, which I can understand as it may take as long to sell ours! Is it the norm to have to sell your house before having an offer…
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Help, Bailiff letter, student house
Hi, Firstly apologies if this is in the wrong forum thread, I'm in a bit of a panic. I've just come home from a couple of days away to find a Bailiff Removal letter from Equita. It's not addressed to me, it's to my one of my house mates. There are five of us renting a student house but only he has got the letter. However,…
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RedRow have changed the price ? Can they ?
Hi There , me and my fiance are buying a house with homebuy , we got the letter of approval yesterday and I thought everything was fine , today Redrow phone and say they have made a mistake with the price of the house and its £7000 more , can they do this ? Is this normal practice , they say its an error on their part and…
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please help i am desperate tonight.
hi mse, Please can anybody help me i am so stressed. My dad died 5 weeks ago leaving farmland and property to my mum. Mum cannot manage the land so needs to sell quickly. my problem is tonight she has been approached by a property developer who firstly offered her a house and extra cash for the farm which she declined as…
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Thanks to our estate agent
Our house details appeared on the agents site about an hour ago and what a fantastic job he and his secretary have done. The writing is excellent and the pictures marvellous. Ok we are far cheaper than any others around this lovely area but we decided to be realistic. Pat on the back to them and crossed fingers now for a…
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Advice for new landlord please
Hi Guys, I own a property that I intend to let around August. I've spoken to an estate agent and would be quite happy to have them manage the letting for their 15% fee. However, one of the neighbours says their daughter is interested in renting the property. I'm thinking of renting to the daughter and cutting out the…
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Offer accepted.........
Hi all Our offer was accepted this afternoon and I have spoken to our chosen mortgage provider since, in order to get the ball rolling. My fiance will be going in branch this weekend to submit the mortgage application and pay for valuation, find a solicitor etc (I am away this weekend, so will not be attending the meeting)…
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Home buying advice
Hope someone can advise as to our situation. We have sold our house and have seen somewhere we like. We only want to take out 75% LTV mortgage and this is probably all we could get as it equates to our max mortgage borrowing. The problem is that we have equity in our current house and £50k in a fixed income savings bond…
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Buying my First house - What Offers to make?
Hi guys, Just trying to get my first house with the miss's but have no idea what im doing when it comes to putting offers in (as in whats good/bad, how long to leave it) Its was up Start of March for £139,950 (personally think it was over priced) Then start of April they Dropped it to £134,950. I put an offer in Last…
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Mortgage agreement in principle/credit rating late payment question
Hello I am not sure if this is the right section of the forum but hoping someone can [FONT=Verdana, Helvetica, Arial]give me some advice... I got a mortgage agreement in principle 6 months ago with no problem – I had an excellent credit rating. It has now run out so looking to renew it, however recently Orange put a late…
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LLoyds TSB Bankers Draft
Me and my other half have been cleared to move into a flat this saturday however we where wondering if anyone knew how long a lloyds TSB bankers draft takes to get sorted, basically can we walk in there on the day and get it ? Thanks for your help,
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Boyfriend moving in to my mortgaged home... advice needed
Just after some general advice I have recently asked my boyfriend to move in. I own my own home and have done for 10 years. He lives with his parents. This may not be relevent but to get the full picture - my house is worth about £200k and I have £176k O/S on my mortgage (my sister is currently on this mortgage - for…
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Mortgages for those with poor credit history
Hiya Me and my hubbie dont have a great credit history between us but we really want to buy our first house. We have a 10% deposit and on paper earn enough for the amount me want. No CCJs just 2-3 defaults. One will be gone in July I think as will be 6 years old. I've tried my bank I have a current account with and they…
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Stamp Duty Question
Hi, I'm new to the forum, I've currently bought a place and paid out the stamp duty as it was over the £175,000 threshold. I believe that they have raised a threshold to £250,000. As a first time buyer it would be nice that I could start to do the place up. Is there a way that I can obtain this money back as it seems…
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Advice needed please!
Hi all, Have been reading through the forums and seems some very knowledgable people so thought I would see if anyone could give me any advice. Am in a bit of a complicated situation at the moment. I have a mortgage on a property in Lancashire but about 6 months ago we relocated to the other end of the country. It was…
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HELP! FTB -Purchase going at lightening speed - am I being
Was wondering if anyone has any experience with slowing a purchase ever so slightly? Basically, there is no chain (I'm a FTB, and previous owner has died), and things are moving at pace: Offer accepted last Monday (19th April), Mortgage valuation yesterday, instructed to sort out completion dates today. Ideally, I'd like…
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Long winded house purchase
Hi, Here is a question I hope somebody could help with. Myself and my other half are first time buyers and made an offer on a house which was accepted mid Jan. Now nearly 3 months on the couple who live in the property are still looking for somewhere to live which is driving us crazy. They are not willing to rent, though…
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Question about renting, help please!
I am a first time renter/buyer. preferably I am looking to buy a house/flat, but as I am not able to get a good mortgage the price will have to be under 100k so its hard to find one in this economic state we are in! :mad: but until then I would like to get a 1 bed flat to test the waters so to speak. I believe most house…
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Rightmove Ad!
Hello Just wondering if you lovely people would be able to tell me what you think of our rightmove ad? Its only been on a week but no interest as yet (i know its early days :) ) Due to a split with my ex, I am desperate to sell and just wanted to make sure the ad was ok from an impartial source! Thanks in advance :)…
