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Buying in the uk, with property abroard as collateral?
Hi, We have just move back to the UK from Bulgaria(Thanks for all the advice for us to get here)! We are now looking to buy a place in the North East for about 20-30,000. Would we be able to secure a mortgage or loan for 15-25,000 on our house in BG with a deposit of £5000? I am self employed but would not be able to prove…
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Poor house purchase decision
Bit of background: I'm 25 and just purchased my first house. Whilst I feel very fortunate to have been in a position to have done this, I've basically got a 4 bed detached family home in a quiet area, which is maybe not the kind of house someone in my position should be living in. For various reasons I'm thinking an…
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Non-Traditional Construction
We are cash buyers and last week we viewed a house that ticked all of the boxes - reasonable size, nice area, huge garden.......however, it's a (apx 1930s) timber frame and asbestos construction. We have owned non-trad build houses in the past and know about the downsides such as how hard / almost impossible it is to sell…
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Do I sell or do I rent out my property?
Hi all, Total n00b, but couldn't find anything (recent) on this so thought I'd start a new thread! My fiance and I are thinking about moving to another city and we currently own our own flat (mortgage for 75k, flat worth 120k) and we're not sure whether or not to sell it or rent it out. We'll have to rent when we move…
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Moving from rented to own property COUNCIL TAX
Hi All, Wondering if anybody can be of help....first time posting here! We have just purchased our first property & are moving on the 11th...woop! Although me trying to be organised phoned the LA today to inform them of this & sort out our council tax. Our Short hold tenancy doesnt actually finish until the 31st October,…
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Selling with negative equity
Hi, I need some help/advice!! I currently have a mortgage on my home, as well as a couple of secured loans. The mortgage totals 23K, the first secured loan (with the mortgage provider) totals 21K and a second secured loan totals 29K (73K in total). In the current market, I would estimate the value of our home to be in the…
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Buy or wait (Capital Gains)
Can anyone give me some advise please, myself and my partner are in a fortunate position of being able to buy another house without having to sell our existing home first, We would like to put our existing house on the market once we have found another to move into. We are worried that we will be liable for capital gains…
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Selling part Exchange- do I need an estate Agent?
Hi all, First post so go easy on me! I am in the midst of looking at going from a two bed house to a 4 bed, and the opportunity to part ex has arisen. My question is: I have not listed with an Estate Agent (I did this on purpose in case the part ex deal came off) Do I require an Estate Agent to buy/sell a house, or can I…
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Offers over?
If a house is listed as "offers over £300,000" is it even worth making an offer below this amount - just an instant no should I assume? Has anyone offered on a house marketed like this? Also the last two houses sold in the street (all the same design but this one is a corner plot so slightly wider to front but garden…
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Property with debts - does this mean we'll lose it?
Hi All, We're in the middle of buying our first home. House sitting empty since Feb, we have had a price agreed since July, (not far off the asking price of £200,000) however the vendors estranged husband filed for bankruptcy shortly after, which has slowed things down considerably. There are 2 or 3 debts filed against the…
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using seller's sollicitor
Hi. Just a query on use of sollicitors to those more in the know (I'm a FTB). Had an offer accepted and wondered if it was a good idea to use same sollicitor as the seller? Clearly, a conflict could arise here but it would be more efficient I suspect (desperate for this to go through without any hiccups!). Feel free to…
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Landlord - Council Tax - Students
Hi, Bascially we rented a house for a year with the intention of having a spare room to turn into the gym. We are all students. Now we have another person living with us who isnt a student. The landlord is demanding that we pay him "extra" money in order that he wont tell the council that the extra non student is living…
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Is there a site where landlords advertise direct?
Hi, We are hoping to move soon (contract is now on periodic), and would really like to rent from a landlord direct rather than an agent. We are both professionals, still willing to be credit checked/referenced etc but would ideally like to avoid the ridiculous fees of london letting agents. Does anyone know of any sites…
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Housing Assoc query - mutual exchange
Hi I have been trying for some time to exchange my Housing Assoc flat for one nearer to my work. Finally came up with something through Homeswapper website - myself and a young woman with an 18 month old boy were going to mutually exchange our one bed flats, which is usually possible as long as the flats are similar size…
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renting my house
I am going to rent my house, and probably pay a finders fee from an agent, managing it myself. I am a little scared about what might happen if a renter defaults on payment. I understand there are insurance policies available to help with rental properties, could anyone advise of any pitfalls associated with doing this, or…
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How to help our son.
Hi, Our son and his girlfriend are looking to purchase or rent a property. We are trying to find the best way to help them. He works and she doesn`t at present. We have approx 20k deposit we could loan them but are concerned in case they split up. We still have a 60% ltv mortgage ourselves. Which of these 2 opitions would…
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First Time Buyer - Question. Please Help!!
Hi, I don't know if this is the right place for this question so if not I am sorry. I am in the process of buying my first home and generally very happy with it. I had a survey done and it was fine apart from one issue was that the surveror noticed rodent droppings in the loft, didn't say what type, so I don't know if its…
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why do people buy new build homes?
Why do people like buying new build homes Ie those built in the last 15 years. The inside walls are hollow, (not made out of bricks), gives the place a tacky feel. the quality of the work can be shoddy The rooms are smaller the quality of the kitchen/ bathroom is poor their is no character or greenery on the roads,…
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FTB - Leasehold?
Hey guys, Been lurking for a bit again so time to post :p Me and the GF have currently put in an offer on a property of £130k Have a deposit of around £22-26k Has a recent HIP so theres a little bit saved, FTW so no SD AFAIK We have been told that the property is leasehold with a length if 999years and is peppercorn rent.…
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Letting property in Barbados
Hi, I wonder if anyone could give me some advice please? My partners' parents own a home in Barbados (lucky them...) and wish to rent it out on a long let basis (6 months plus). I have advised them to go with a Letting Agent since they do not have any reliable contacts in the country to assist both them and the tenant…
