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First time buyer, buying to rent....
I'm aware that I cannot rent out the property immiediately but i'll explain my situation. Was looking to purchase a house this time next year approx value £150k with a 35% deposit. However have had an email off the estate agents for a house reduced in price by £30k (£115 down to £85k) Reason given that the seller has found…
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Renting With Debt Relief Order??
Hi I'm hoping someone could give me a bit of advice/reassurance on this subject. I got a DRO on 28th May 2010 - therefore it will be completed next month. I have been living at my parents for last year and now need to find a place of my own for me, my partner and my 4 year old son. I have approached several estate agents…
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Selling property owned with ex
I need some advice on what is reasonable. I’ll try and stick to the point: I own a property with my ex, bought in Sept 2006 for £214k. We split up a couple of years ago (amicable – it just wasn’t working, and he decided he didn’t love me any more), and he didn’t want to move out as he had too much stuff, but didn’t want to…
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rent my house with no mortgage left to pay
hi can anyone please tell can i rent my house out i have no mortgage left to pay .then get another mortgage to buy another house ta
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Buying: Getting the survey before anything else?
Hello people, After having an offer accepted on a place and the mortgage agreed. is it normal to NOT do the searches until AFTER the result of the surveys? I want to do it this way, as if survey is po0p, i dont want to waste money on the solictor searches etc... and I dont want to sound out-of-turn by saying this to my…
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Making an offer - rejected..........
Hi folks, We have today made an offer on a house we viewed two days ago. It is in a village on the Dorset/Wiltshire border. We know that the house was previously up for auction (end of 2010) but didn't sell. The auction guide price was £230,000, but we don't know the reserve - although guessing it was around £250,000 from…
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Smooth Mover - Bellway Homes
I am trying to move and I have an Estate Agent acting for me. I dont want to pay for multiple agents. I am interested in a new build, and the builder has suggested they help me find a buyer by using their smooth mover package. They say I will not need to pay for multiple agents as they have arrangements in place with…
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Tenant dispute
Hi, I have recently had a dispute with my tenant after the check out process has been completed. My tenant was unhappy with my position even though photos quite clearly show damage etc which I am now seeking compensation for via the TDS. Sadly this is not the first time this has happened, but as the person in question is…
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On what basis can we get a mortgage?
Me and the fiance are renting at the moment, whilst preparing his flat for sale. However, the perfect house has just come on the market. :) Ideally we would get a mortgage and buy in joint names. Are there any lenders that will give us a joint mortgage whilst awaiting sale of flat? Or perhaps knock off the mortgage…
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electrical safety a condition of mortgage?
Buyers of our house have had a survey done then based on then an additional electrical survey done (not entirely sure why as all wiring is fine). Additional electrical survey has suggested 2k of work - yowsers. Hearing this is apparently a condition of the mortgage which is something I've never heard of before - can anyone…
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Going guarantor
My daughter has just asked me to go guarantor for her on a flat that she wants to rent via one of the large better known estate agents/managers. Without hesitation, I immediately said yes, of course, completely and genuinely forgetting that I have a year to sixteen month old CCJ (it totally escaped my mind as it's never an…
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first time buyer help pleaseeee :)
hio im jsut wondering if anyone could give me some advice im 27 my partners 28 and we have 1 child, at the minute were living with my parents, we have £6,000 deposit at the minute theres some new taylor wimpey homes being built and they have the offer of 5% deposit, taylor wimpey pay 15% of your deposit and then you have…
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how much budget for central heating, new kitchen & bathroom?
Hello :) I've seen a 3 bed mid-terrace house. The good points are its the right size and location, the downside is that it has no heating and needs a new kitchen and bathroom. The agent has said it's structurally sound and not damp, it has double glazing, looks pretty tidy. It's on for 135k...roughly how much would you…
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House Mate issue
I hope this is in the correct place, I would love some advice from a Landlord / Property Mangement service etc. So this is the situation... I recently moved out of a 3 bed terrace that we rented with 2 other people. One of those people moved out at the same time i did. The final house mate who is a complete idiot (the…
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Landlord withholding £100 of Deposit
Hi, wondering if anyone can give me some advice or let me know where I stand. Me and my partner rented a house for 6 months, we told them we would continue to rent for another 6 months but didnt sign anything. However found out I was pregnant so we needed a bigger place. We gave our months notice at the 6 month end. We…
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Is my estate agent right about this?
We had an offer on our house but the mortgage company of the buyers just came back to say there will be a retention. They say the house in current state is worth X, and after repairs, it will be X+retention. Buyers now want to reduce their offer by the value of the retention. We cannot afford to reduce the price so have…
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getting a hosuing assasciation to take on a house
By which i mean If i were to buy a house for a knock down price because its in a less than salubrious area, do it up and put it up for rent, given that the renters in the area im looking at would quite likely be low wage or unemployed, possibly on some forms of benefits (logic would suggest), can you get a local council or…
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rent reduction.....possible or not?
I was just wondering if anyone has successfully managed to get a rent reduction from their landlord? how did you go about it? we moved here in 2009 and the rent has stayed the same (which is good as it could have gone up I suppose). the thing is it's a 2 bed house in a not so great area and there are three beds in better…
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Making an offer
So we've found a really nice house, we're FTBs and have a mortgage agreed in principle. Going for a 2nd viewing tomorrow with the parents and then we're likely to phone up the EA on Monday to make an offer. The house is on for £140k (as are almost identical properties on the road) but this is generally expensive for the…
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Help with Buying a Council House
Hi All, I am wondering if anyone can help with my query, it is a bit long winded so I will explain as best I can. I currently privately rent with my fiance. Her mother has lived in a council house for a very long time and has been given the option to buy her house. However, she is over 60 and is claiming state pension…
