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Valuer declined property
I've been having a bit of an ongoing saga with a property that I have fallen in love with. Some early digging revealed that it used to be a semi-detached and that it became a detached in 1988. There are suggestions that this may have been related to mining subsidence (word of mouth in the area but not from anyone who…
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Question to all landlords using a letting agent
Hi all, I am having huge problems with my letting agent paying my tenants rent to myself at a sensible time each month. Looking back over my bank statements rents have been paid to me anywhere between the 15th of one month and the 5th of the next. This is causing me all sorts of problems financially. Anyway, when speaking…
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Buyers mortgage lender valued our house £20k less than agreed price!
As above really. Their bank has got their valuer around and in the notes they've based the valuation on nethouseprices.co.uk unfortunately for us the last two houses sold were bordering on derilict!! What the hell do we do now????
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A little query
If a LL states on a listing "benefits considered" what other factors might go into deciding whether they will let to said people on benefits? Would it be things like the reasons they are on benefits, or references, or a clear rent history, or all and more? :o It's really hard in this area to find LLs that will accept those…
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Boundary discrepancy during sale
We bought a new Bryant Homes property several years ago. We now have a buyer and the sale is progressing nicely. Our neighbour of all this time (amicable relationship) has just told us he is aware that the wall/fence between our properties is out by 2-3 ft from what the LR plan and the original builder's plan illustrates…
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Leaseholder about to go bankrupt - freehold is creditor
I've posted this on the bankruptcy board too but thought you guys might have more knowledge. Simplifying matters (its a little more complex but not relevant to the questions I am asking) I now own the freehold of a shop with a flat above. The leaseholder of the flat is about to be made bankrupt. The leaseholder owes me £5K…
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Part-Exchange Failure
Looking for any advice. Will try and keep it short. We reserved Miller Homes new build, based on p/x. Haggled over p/x value, extras , etc but decided being chain-free and quick sale was worth the reduction in market value. Miller actually use a 3rd party to do their p/x and you sell to them. We had telephone questionnaire…
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Terrible lettings agency, anything we can do?
We recently moved into a newly rented house, perfect location, great house etc. We will have been there for 2 weeks tomorrow and have the following problems with the lettings agency: - We have still not received our inventory despite asking them several times about its whereabouts. As such, we have had t write out every…
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Bungalow Valuation higher than expected!
Hi guys, Not really a question as such more that im looking for your opinions really. My nan has just had her bungalow valued this morning (nice chap apparently) and he's recommended putting it on the market at £179,950. While that seems a decent amount, i think he might be being a bit 'eager' so to say. Nan bought the…
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can they do this? letting agent and deposit
my partner and i are coming to the end of a 12 month tenancy. we've just had a letter from the letting agents saying that the cost of any cleaning/repairs will be deducted from the deposit. so far, so normal. but they have quoted some eyewatering examples of cleaning charges which make me think they will try and retain…
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Moving Estate Agents - what should they give me to take to another Agent
Hi: Hope someone can help. I have been with Your Move for about 22 weeks and they have not been very good in helping me sell my home. I now want to move to another agent. I paid Your Move for photos, floor plan and Energy Report. Can anyone tell me what they have to give me to take to another Agent. I dont want to pay for…
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Landlord's address not on Land Registry - what can I do?
Hello, I am currently in the process of writing a Letter Before Action to my previous landlord and letting agency for the non-return of my deposit. I am very keen to be able to contact the landlord directly, and not just write to him via the letting agency, to ensure that he receives the letter. I have never spoken to or…
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If I buy before I sell am I liable for Capital Gains tax?
I'm currently selling a property and buying another. My buyer is being very slow and I think there's a chance he might pull out. We still want to go ahead with our purchase on the new place and I am considering using an informal loan from a family member to bridge me for a short period. I would be looking to use this loan…
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New Build with Part Ex and Low Mortgage Valuation
I have recently reserved a new build which is a 4 bed detatched at £244,995. The developer is taking my house in part exchange at £160,000 which was only slightly lower than what I had it on the market for. Everything was going to plan until we had the Leeds Building Society value the new build. It came back at £200,000!…
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Want to move house... awkward situation?
Hi everybody... My Girlfriend and I want to buy our first house together..she has around £2000 for a deposit where as i dont. I currently own a 1 bed bungalow (only 2 years old) so i would be using what ever money i make from this as my deposit. Now here comes the awkward part..i own the bungalow on a 50% shared ownership…
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Shared ownership again sorry what's wrong with my logic?
Hi I'd really appreciate someone's help with this as i've read about a million posts and a lot of people seem to say its shared ownership is stupid or bad, but they tend to be quite old posts when the market was a bit different and i wonder if many of them relate to areas outside of London which may again be a quite…
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selling/transferring property to my brother
After our father passed away, I took over his assets including the family home. We all lived in it and shared the cost even though the property was legally mine and the mortgage in my name. My brother still lives in it and would like to take full ownership. As he does not have the money to buy out my sister and I he will…
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Estate Agents, No Sale – No Fee Terms and Conditions
I am putting my house up for sale. I am going to be using a no sale – no fee agent. Now I am more than willing to give the estate agent a fair chance of selling my property, but if after say 3 months, I believe that they aren’t pulling their weight, do the normal, standard T & C’s, give you the option to pull out of the…
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Advice please anyone?
Thread Stats We have a house valued at £245,000 and a mortgage of £137,000. Because our business of 22 years failed we need approx £40,000 to pay credit card and loans off. We are currently on a DMP but I have just been finished at work. Hubby is not well and I am going nuts! Does anyone know of any equity release firms…
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So, I've decided to become a Landlady..
Never done this sort of thing before and would appreciate some help with a few queries? I’ve a choice of 2 rooms I can use, one is 13’ x 10’ nice modern decor, at the front of the property so there is traffic noise, although it is double glazed. The second is slightly smaller being 13’ x 9’ and the decor is clean but not…
