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Getting a mortgage on one flat to buy another property to let out - good idea?
A friend of mine owns a flat outright that is worth around £250,000. He was thinking that he could get a mortgage on the this flat and use the money to buy another property that he could rent out and earn a bit of money from. He has a steady, middle of the road income, but not that much in savings. Anyone have any input on…
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Letting agent doing viewings without warning us, can i refuse?
i am FURUIOUS. we gave notice on our rented house a week or so ago. The letting agent phoned one morning wanting to do viewings that afternoon, we said that was fine and hared around making the place neat and tidy. we have just realised that for a second time since then the letting agent has been in and done a viewing…
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Home insurance rebuild price
I'm currently trying to get home insurance on my two bed mid terraced house. In the questions it asks for the estimated rebuild cost, I did an online calculation and it came back at £106,000. The thing is the house only cost £17k! If it fell down, I wouldn't want to be spending anywhere near that amount to rebuild it as it…
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Underpinned house - something to worry about or not?
We've just had an offer accepted on a house :D and the EA phone this am to let us know. At the same time, the vendor asked the ea to let us know that the house was underpinned in 1994:eek:, along with all the other house in the street. The underpinning has 3 years left of warranty. Very grateful for the vendor to advise of…
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Completion Statement and equity
Hi Can someone help. I am soon to exchange and complete on a new house purchase. I am selling my existing property as part of the move. Can the equity that i have in my existing property be used to pay the fees (solictor, stamp duty, estate agents) required on the completion statement before completion? This situation is…
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Companies Buying Your House for Cash
Anyone got experience of companies offering to buy your house for cash within 48 hours? They say no cost to home owner - is this because they offer rubbish price for your home in the first place? Are they worth considering or only for the desperate? Any help/advice appreciated.
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Recovering rent due after tenant has been issued a CCJ
Hi I used to have a tenant who failed to pay the rent. I eventually had them evicted and took them to court to try and claim the rent. I won in court and they were issued a CCJ and told to pay the rent back plus costs. I haven't seen a penny of the money yet. The tenant is a single parent and as far as I know is unemployed…
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How do you find who owns a house
Hi dont know were to post this it may be in the wrong place ......... My house is up for auction and I need to move I have found a lovely flat but no one seems to know who owns it ..............I have emailed the council and they said that they cant give me that info I have google it but without paying £16 I cant find…
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Landlord in Administration
Have just found out that my previous landlord went into Administration on 26th May, and I moved out of the property on 6th May. I was due to have my full deposit returned by the landlords Agent, but now as the landlords are in administration I am being told by the Agent they wont help and by the Administrators I am an…
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House Sold Price NOT SHOWING
Hi, How come some houses which have sold within the last few years DO NOT show up with the price they sold for on the Land Registry? It seems like certain sales involving (particularly for Charities and housing Association's) do not show up. Can anyone verify this please? Cheers
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Is this a big issue?
Hi, I have found a great house that I really like and am in a good position to buy it as the place is now vacant, hence sellers are keen to sell, and I am a FTB. However, there is no real scope to add value to the house which is concerning me. Its in a great location, looks nice, and was only built 15 years ago, but there…
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Landlord not up to standard
Hi there, I am a single mum with 5 children who rented a flat 8 weeks ago. The Flat came with a Washing Machine and Cooker. The Washing Machine is pretty old and has now broken down. After getting in touch with the Landlord I was told that it was my responsibility and that I would have to pay for someone to come out and…
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LL put flat for sale in april but nobody told us?
So the LL puts the flat up for sale in April and nobody tells us.. the tenants until I get a call Friday asking if someone can come and view (much to my confusion) Whats the deal here? are we not suppost to have been told?
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Early end of AST
Hi everyone, I'm seeking advices on how to deal with a situation with my current landlord. This is the situation: - AST ending on 18/7/2011 - 9 months breaking clause - We sent notice to landlord by email (2 months in advance) telling him we were not going to renew the contract and that we were leaving early (30/6/2011…
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Buying house off parents
Hi Im buying a house of my parents what is the easiest way to sign over the deeds of the house without incurring solictors fee's etc. Is there a template anywhere ?
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Getting on Zoopla for £10
I'm not sure if I'm allowed to post this here, but I just noticed Homehill.co.uk now have an offer for private landlords to get on Zoopla for £10. Sorry if this post is too spammy.
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Buying house, no planning for extension????
We are getting ready to exchange and just had teh last of the papers back, it turnsout that the double height extension that runs along the back of the semi detached house we are buying (extension runs across 'my' house and the adjoining house) which was built in about 1980 and a garrage does not have planning permission?!…
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Can we buy a house of probate isn't granted?
I will try and be brief. We offered on a property in March and that offer was accepted. A condition of the offer was that we would exchange in 8 weeks and complete no more than 2 weeks later. Just as we were about to sign the contracts in readiness for exchange (early May), we received an email from the executors saying…
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Leasehold maisonette with less than 68 years - stay clear?
I'm a first time buyer and just seen a perfect property. Its a leasehold maisonette, but with just one issue. The lease has only 68 years to run. After doing some research, it seems anything less than 80 year leases are expensive to renew. Also banks are much less willing to lend to properties on leases with that 'little'…
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Buying a house - advice please!
Hi All, We've been planning to buy a home for quite sometime now. We've seen this lovely new home in Trinity Village (Bromley Common). Its a new 3 bed (all three are doubles) terraced house within a gated community (of proposed 500 homes in the next 5 yrs) ... Its priced at 355,000.... do you think its overpriced? What…
