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Vendor Paid Deposits
My partner and I (first time buyers) have been approved a mortage with halifax of up to 170,000. His parents are having to put their house up for sale, and we are interested in buying it. They bought the house for around £65,000 (ex-council) however it needs a lot of work doing on it. They are having it valued this…
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Buying House From Parents
Hi, Just after some advice. Myself and my girlfriend are buying a house from her parents. It is not there main house but one they bought about 8 months ago and renovated. Is it correct that we will not be able to use the same solicitor to reduce costs? Also, because the house was only purchased 8 months ago and had all the…
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mortgage free and rent out
House sold today so question no longer valid:j
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Moving Out
I'm looking to move out with 3 other friends, although I am concerned at how I will manage financially. I currently earn £1050 per month after tax, however I am paying back monthly installments for my car and also the insurance is high. These are my current monthly liabilites: Car repayment - £150 Insurance -£150 Phone -…
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HELP! Landlord trying to keep deposit?
Me and two friends are leaving our tenancy this week and have received a letter from our landlord on Friday and would really appreciate some advice on how to respond to it. The main points of her letter are: 1:she states that she had to replace the electric hob in august because it had "malfunctioned because of accumulated…
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Auction - seller fee
Can anyone provide an approx guide to what a property seller pays to a property auction company to sell their property? I know that there may be an admin fee of approx £400 for the upfront admin fee (to cover the valuation, listing, viewings) but what % is their commission on the sale price?
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PLEASE HELP!!! Tenant receiving a copy of the landlord's possession order
Hi, I have just received a possession notice informing me that my landlord has a hearing for a possession order next month. Does anyone know what this will mean for us? How long can we legally stay in the property? Can I stop paying rent as I'm pretty sure we wont be getting the deposit back now? Many thanks, Mark
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Selling a flat with tenants
Hello all, I have a mortgage on a flat in central London. I let it privately, and have recently agreed a tenancy with 2 good tenants, due to en in June 2011. Due to a recent change in circumstances, I am keen to sell the flat asap to free up the capital. Is it possible to sell a property with an existing tenancy agreement,…
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Damage Deposit & Rent Arrears
Right, heres the situation.. I was a tenant at a previous property with 4 friends, the tenancy ended in July. Since then they have said none of us are getting our damages deposit back or at least until mine and a friends rent arrears are cleared as it is a joint tenancy agreement so we are all legally liable.. Ive…
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Being a guarantor for a family memeber for a rented flat
Hi, I wonder if anyone can help? A family member has asked if oh or I will be guarantor on their rented flat. It is brother in law and has gf that are asking. They need a guarantor as they are both full time uni students. They can't ask either of their parents as they're not home-owners and we are the only family who are…
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How to calculate yield
Can somebody tell me how often you should re-calculate the rental yield? For example a flat I own cost £72K a few years ago, at today's prices it would about £130K it is let for £650 per month. I can work out the yield but am puzzled about which price I should use and if it is today's how often I should update the…
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Rented Flat Fire
Hi, Im hoping you can help with advice. 3 weeks ago my friend moved into a rented flat (not strictly habitable as kitchen not usable due to no sink drainage and bath not useable due to large open hole in ceiling) Hence she has been living between family while the l/l finishes the work. 1 week ago there was a fire caused by…
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Interested buyer is selling - and we like their house which is for sale :)
Hi all So the title of this opening post is the situation... We had a viewing of our home and they have made an offer, 10% under the advertised price. The interested buyer is selling their property, which we have viewed and loved to bits. Of course there are a few things we would need to do in terms of maintenance etc.…
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permission to rent
We haven't got permission from our mortgage company yet but are in the process of renting. If they do give us permission then they say we can't rent to dss. We have had a few viewings but they are all dss, can't seem to find private tenants! A little confused what to do for the best. Try and get permission and still rent…
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No Gas Supply
On reading through house details just about to sign contracts on a house only to find out there is no gas supply in the property, gas location outside in front garden. Does anyone know how much it will cost to have this done?
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Land registry - share of a house - half or less??
Soneone owes me a few bob and who saythey can't afford to give me any of it yet and that they have no money or other asset. Annoying as I found out they have a share in a house and looking at my £4's worth from the land registry it does indeed show they, and one other person, own a place worth £250,000'ish. I confronted…
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Stamp Duty Fraud
Hi everyone, I live in a small close of eight properties in Greater London, all exactly the same size and spec etc. Over 20 years, they sell about the same price give or take a couple of thousand (recently around £350,000). About 6 months ago one sold and new owners moved in after some decorating. Last week I looked at the…
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Hip inspectors unemployed?
Now that the HIPS have been abolished I was just wondering what's happened to all the HIP Inspectors? I know they paid a lot of money to train as an inspector, so I wonder what they're doing now? Anyone know of one?:money:
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Advice please!!! First offer on property, how low?
I'm a first time buyer with a mortgage in principle and a budget up to 115000, I've seen a house I really like which is marketed at 120000. Its a fairly modern house that has very little needing to be done to it. The house is on the market due to a relationship split and there is no chain. How low should I offer, 120000 is…
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Rents 'at highest for two years'
According to the Beeb (link), a reduction in the number of landlords and a rise in wannabe tenants have caused rents to rise. I don't see any rises in my area. GG
