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Buy-to-let landlords - how much do you expect to earn on your investment?
A question to the BTL landlords out there. How much do you expect to earn on your investment in order to decide whether the time and hassle involved in BTL is worth it? Overall I am taking a long term view - i.e. I am focussed on obtaining capital growth over the next 20 years or so. But earnings do play a role and I am…
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Rent Now - Buy Later
I have noticed a number of schemes like this appearing. This type of scheme is ideal for my girlfriend and I. We are looking to buy together but she has iffy credit at the moment. The deal is you rent the property at an agreed price and purchase the property in the future. Currently prices are low. If an agreed future…
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Help!...What if you think the HomeBuyer Valuation is wrong?
Hi everyone! I am quite new to this site so I am not sure if this subject has been covered, although I've had a quick look. Me and my partner have found our perfect property and have agreed with the sellers a purchase price of £120,000. We were happy to pay this, we think it is worth it and houses in the same street have…
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Land registry checks
Are land registry checks made by private individuals recorded? Is the property owner informed of a check or are they able to find out who has checked recently? Thanks
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Freehold Flat Trouble
In 2007 I bought one of four flats in a Victorian house which was extended and converted in 1997. There was absolutely no problem getting a mortgage and my solicitor flagged up no issues. During the summer I tried to remortgage and no one would touch me. The problem, I was told, was the lack of a management company. I have…
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Help! I alone am paying for communal electricity
I live in a converted house with 4 flats in it, each a property in their own right. There are lights in our hallway which are often left on for days on end. I’m pretty sure that our landlord has just hooked up my meter to them. :mad: We pay no service charge in my flat - I'm not sure about the others. Evidence? I just got…
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Renting - muddy feet
We have very thankfully let our property within 4 weeks of it going up (after 9 useless months of trying to sell it!). However, the letting agent has shown at least 4 people round and it is evident they have not taken their shoes off. There are mucky prints all over the front room and up the stairs. The letting agent girl…
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Sellers/vendors can't get a mortgage...again!
We had an offer accepted on our first home in September. It was sold with no forward chain (sellers moving into rented and wanted a quick sale). To ensure the house was taken off the Market the estate agents told us that we must instruct a solicitor. Within a couple of weeks we had a mortage offer, valuation and the…
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Purchase: One last view before exchanging contracts
My solicitor recommended one last viewing of the property before I sign the contract. Would you say it is worth while? If there is a hole in the wall when I move in, is that solely my problem as it's now my house?
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house is jinxed?
Hi, I am sure that i am not alone but we are currently unable to sell. We have been on with our current agent since July and a previous agent from March 2010 and have yet to get even a cheeky offer. I have now since noticed that a different agent (a local agent) has sold 3 of a similar type of property on our 'estate'. I…
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Update and further advice please
I posted a few weeks ago about a burst water pipe that damaged both mine and my neighbours house. The tenant was away and hadn't taken precautions to insure that the house was protected against frost damage. Our neighbour wasn't insured and it turns out that under the terms of our insurance, neither were we. The tenant is…
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FUG FLat under garage
Has anyone on here heard of the above? I have just seen a plot of land for sale on rightmove in Malvern with planning permission for the above and must admit to being intrigued as to how you can have a flat under garage Please put me out of my misery and tell me its an error
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Help please!? Default explanation...
I am in the process of trying to obtain a mortgage to purchase my first home. My mortgage advisor is in talks with one of the well known high street banks, who appear to be considering offering me the mortgage but they have asked for a few things from me before giving me a decision... They have asked for my payslips,…
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Renting Question
Hey There Quick question for you guys! (this is to settle a discussion though and I highly doubt will come to anything) I have just recently entered an IVA, which obviously ends all hope of credit etc. But what if I wanted to rent a small house that I could now in theory afford? Would my credit rating spell an end to this…
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Explanation of Default Letter for Mortgage Lender
I am in the process of trying to obtain a mortgage to purchase my first home. My mortgage advisor is in talks with one of the well known high street banks, who appear to be considering offering me the mortgage but they have asked for a few things from me before giving me a decision... They have asked for my payslips,…
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How do I check out a private landlord?
We have been looking to move and saw an ad in our local free paper, called the mobile number and arranged to view. We have never rented privately before, and wondered if it's possible to check that the lardlord is above board? We told then we're interested and they said they're not too bothered about references as they go…
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Should I Just Trust The Letting Agent - or am I being conned?
I've been using a letting agent to rent out my house for the past few months, but recently I've noticed they're getting quite free and easy about the amount of work that needs doing on the property. I'm a good distance away and can't practically get to the house. I'm looking for advice as to whether I should query things,…
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Repo on rental
Hi I live in a rented property with my family. We have received a letter to say that the mortgage lender intends to apply to court for a posession order due to the landlords arrears with his mortgage :eek: We have spoken to our agent and they have contact the landlord who assures them he will "sort it" but obviously we are…
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minimum mortgage????
Im looking to purchase a flat but Im struggling to find a mortgage low enough?? the general minimum loan value is 25k but the flat is not worth this im looking to offer 16k with a view to go to 20k. I know nation wide do 6k loans is there anybody else and why is it???
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Agent witholding deposit - please help!
Hi, Can anyone help please? I moved out of a flat just over a month ago. Initially the LL wanted to deduct various things from our deposit for things that were already wrong with the property. Fortunately, and despite us asking for one, an inventory was never done when we moved in and so the LL could not deduct a penny.…
