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Proportion Of Income Spent Renting
Hey guys, Just wondering what people think is a reasonable proportion of their income to spend on renting? Currently 22% of my monthly income goes on rent (including bills) which is fairly low. I'm looking to upgrade but the next step up drags me towards around 40% of my income - do people think that's excessive & it'll…
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completing what do you do about notifying utilities
I am completing on a property shortly and as a FTB am unsure about what happens about notifying the utility companies, do i wait until i move in then notify them or can i tell them beforehand? Also do i have to stick with the utility companies the vendors use or can i choose which ones to use?
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Found a house but it needs work .... is it still worth it?
We went to see a house today which was a great fit for our requirements but it needs a new kitchen, new downstairs WC, new ensuite and new family bathroom as these are dated. Also, the windows are wooden and we would want to replace with PVC. The house is a 4 bed ()fairly spacious detached. How much do you think it would…
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Stamp duty land tax mitigation
I have seen websites stating that they can save you the cost of SDLT for the equivalent of a 40% fee, thus saving you 60%. Does anybody know if this is legal and if so what does it entail?
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Contracts for property purchase & Solicitor
Hello all. We got our offer accepted on buying a property, and I instructed a solicitor. We agreed he'd inform us as soon as he gets the contracts from the vendor. I haven't heard from him for 4 days, have checked in today via email, and he's replied that he actually already received the contracts 2 days ago and "has been…
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private land?
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Builders' Warranty
Hello, I am in the process of buying a house and have got quotes from a few builders. I asked a FMB builder if his work will be covered by warranty and he mentioned that by law, there will be a warranty for materials and workmanship for 7 years, as long as the company is still in business. There is no need to get an…
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bank repossesion wants CASH ONLY ! WHY ?
Hi Folks Apologies in advance if its been answered already. Seen a nice house, got it reduced from 220 to 175k, but my mortgage advisor has been told its "Cash only" ?? I really liked the place, but obviously dont have 175k in cash lying around ! I know its been repossessed from a dodgy builder who has since fled the…
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Building Regulation Indemnity Insurance
Hi there, We are in the process of buying a house but the survey has come back suggesting the loft conversion & kitchen extension don't appear to have had planning permission or comply with building regulations. Both are well over 10 years old and the seller has refused to pay for indemnity insurance that our solicitor…
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Buying half my dads house, what is there to consider.
I live with my dad, its his house and he has no mortgage. I have quite a lot of spare cash, and no immediate plans to move out. We spoke about me buying half (50k) and us sharing the bills. What is there to consider. Do i just give him a cheque for 50k and get the deeds altered to show a 50/50 ownership. Anything else?
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Leasehold flat; vendor didn't transfer freehold
18 months ago, we purchased a leasehold flat with a new 999 year lease. As the last flat in the converted development of 3 to sell, the developer was due to transfer the freehold of the whole building into a management company he had set up for that purpose. Although this was written in to the contract, and we paid the…
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Would you accept this offer?
Looking for opinions please..........:) Situation is, flats been on the market for slightly over 2 weeks, 6 viewers, 3 2nd viewings and one offer on the table. Offer is around £4k less than we'd like, but they are totally flexible with a date of entry etc, and happy for us to take washing machine, fride, curtains etc,…
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Help & Advice Needed!!
Hi all, I am hoping someone can help lend some advice to help me in my current situation. My ex and I broke up last November (her choice no matter how many ways I asked to try and give it a go to make it work). We have a 2 1/2 year old son together. I live and work in the midlands where I am from, ex lives with me in the…
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First time buyer, no job, £30.000 deposit
I am a first time buyer that would like to get onto the property ladder in London that wants to purchase a property as an investment that I would rent out to private tenants not live in. The problem that I think I may have is that I have recently been made redundant and are in between jobs so I can not provide proof of…
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Greedy Landlords-help
Hi We have a tenancy agreement on our house until October,we want to move out in August. The landlord advertised the property through an agent and found someone to move in August. However the landlord emailed me and said as we are breaking the contract they will be kind and meet us halfway and only charge us until the…
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Ending an AST agreement before the end of the fixed term
Hi there, I hope you would be able to give me advice in this matter. 4 of us rented together a house, signing the Assured Shorthold Tenancy agreement for a fixed period of 1 year. However, after some time, for private reasons we thought it would be good if we could end the agreement earlier, precisely after 6 months. We…
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Local land charges
Hi Received my conveyancing searches from the solicitor today in the post, he has indicated everything seems "in order" In the local land charges search, the only entry is for 36 flats near to the place I am looking to buy, but the planning decision was issued about 30 years ago. What does this mean exactly? Does this mean…
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Help Needed Re Completion
Hi All Just a little clarification needed really. We are selling our house for £129k (cash buyers), purchasing a new house for £108k with a 10% deposit leaving a mortgage from Halifax of £97,200. We have an existing mortgage of £88k on the house we are selling, which is currently on a fixed rate so we are transferring the…
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Letting Agency have found 3 CCJ's on partner HELP
Me and my partner decided a couple of months ago we were going to rent a place together along with my little girl full time and his son at weekends. We found a perfect house through an agency and applied. Paid 100.00 for the credit referencing. My partner warned me not to get my hopes up too much as when he was younger…
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Tenancy agreement help - RE professional cleaning.
Having a right nightmare at the moment in regards to ending our tenancy/getting all our deposit back. Can anyone help? Our landlady is saying we need to get the flat professionally cleaned prior to moving out on the 1st July. We did not know anything about this and we did not sign an inventory, nor see an invoice proving…
