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Letting agents ripping my son off
Hi all, Long story short, my son in his wisdom paid £500 to a letting agent for a credit check for 2 people with the remainder to be used to "secure a property" whatever that means. The first property that was secured fell through and now the landlord of the 2nd property has decided to move his family in instead. My son…
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Buy to let
Hello Can anyone help? I have an Uncle (78 years old) that has decided that he would like to spend some money before it is to late! He plans to sell his 60k flat and has been offerded arond on the basis that he will remain as a tennant paying around £500 per month. I have two qusetions: 1. Does the above deal sound ok for…
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How do I sell a third share in a property?
Hi, I own a property with my two siblings. We all own equal 3rd shares. We haven't had it valued yet but for example I'll say it's worth £150'000. The issue is there is £50k roughly left on the mortgage. So far its been said that we would divide the value of the property (£150K) by 3 and THEN I would pay (leave the…
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Landlord address query
If tenant is given new address for landlord that is that of the new letting agent company - is that enough? (Do they need to give the landlords address too?)
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Renting from my Father
Hello, I am currently on a low income and my Father has offered to let a house he has just purchased to me. I know I will qualify for Housing benefit and therefore want to ask if it was legal for me th rent the house from my Father then claim Housing benefit in order to pay my Council Tax and Rent to my Father who will…
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Are other leaseholders repsonsbile for an extension roof?
Hi - seems to be a grey area - we have the bottom flat of 3 in a conversion. Our flat has an extension fromn the main building of about 12ft where our kitchen is. We need the roof repaired - are all leaseholders responsible for the repair of this, or is that just for the top roof? any knowledge on this gratefully received…
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Being charged survey fee on rejected mortgage!!!!
Help! I met with my mortgage advisor 3 times and gave him all my details in full. We discussed at lenth which mortgages I'd be eligable for (I'm a singler parent, but receive CSA payments and Child Tax Credits, plus I only need a LTV of 37% and my mortgage repayments would be the same as my current rent!) I finally chose…
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FTB Mortgage
Rather random question, thinking to the future here. Single person with an income of £14k a year, but has a 20% deposit. Are mortgages hard to come by when you are single?
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Am I in any danger of losing out?
Hi everyone, I hope this is the right forum to post this. I own a flat with a friend (50-50 tenants in common), in which we both live together but I am now relocating for work. Because our mortgage is so low (BoE + 0.49%), we have agreed that he will keep living there and pay the full mortgage, and I will not have to…
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Is everything going to fall through now?
Ok long, sometimes emotional story coming. I'll add before I start that I'm a natural pessimist - because when I look forward to stuff it goes wrong. I fully accept this is likely to be colouring my judgement. We've rented for a long time, and we're both utterly fed up with it, our current landlord is, putting it politely,…
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Stamp Duty in a Disadvantaged Area
Hi We are thinking of putting an offer on a house i have been doing some research and seen if the purchase price is below £150k which it is ( we are offering £132k) we would could be exempt from stamp duty as the area is listed in a disadvantaged area which surprises me. Does anybody know if this scheme is still active or…
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Inheritance tax on selling mother's house
Hello Can someone please give me some advice about inheritance tax due on selling my late mothers house. My mother died two weeks ago leaving everything to myself and my brother. Her only asset is the house she lived in which will have to be sold. The house has been valued at £400,000. As this is above the IHT threshold I…
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Do HMO's have to now put deposit money in the tenancy deposit scheme?
I own a house of multiple occupation. According to the Govt website, I was advised if the combined rent of all the occupants totalled more than £25,000 then I would not be able to give out 'assured shorthold tenancies' only 'bare contractual tenancies' whereby tenants are easier to evict if they are causing distress to…
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my sale about to collaspe over lease
my solicitor has just rang me saying that the venders sols have not accepted the copy of the lease for my flat, as its just a general copy and not actually related to my specific flat. she says i'm very unlucky that even the land registry cant find a copy. what do i do? she's ringing the sols who helped purchase the…
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Buying With Friends - Your experience?
Anyone bought a flat/house with a mate and got any experiences they would like to share, good or bad? I've done a search but can't find much. A mate and I can both just about afford out own flats, we figured it's a better idea to club together and get a better place that would be more affordable. Both guys in our mid 20's…
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First Time Buyer-should we renegotiate?
Hi there, myself and my other half have had an offer accepted on a victorian terraced property. We spoke to the vendors directly and they were very nice and we reiterated that our offer was subject to surveyors report and they were fine with that. We also asked them to take the property off the market and they said yes.…
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lenders permission to let?
Hoping for a bit of advice on lenders permission to let. Me and my partner bought a residential house four and a half years ago. We split up about 10 months ago she took all the appliances to a new home and as there wasnt anything in the house i moved to my mums. I phoned my lender to see if i could let the house out, they…
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advice about renting T&C
Hi all I am hoping someone can give me some advice regarding what to do when having issues with a letting agent? I recently starting renting a house (for the 1st time) in mid August and have had nothing but problems with the LA and would like to know if there are any grounds in which I could move out, without being taken…
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What's best long term buy or rent??
We have no idea what to do on this one. We are currently renting from housing association and my husband is full-time employed. I am however on benefits DLA, Incapacity and Industrial Injuries. My husband is nearly 11 years older than me and is coming up to 59. Being blunt - law of averages and all that he will die before…
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Ideas with house buying please
Hi - I could do with some help! Here is some background! My parents in law live on a farm which my husband and I are going to live on next year when they retire. At the moment we are living in a house which we own - had a £100,000 mortgage and was able to pay off in 6 years of good saving. It is worth - top end £210,000…
