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Charge on Deeds
WE are currently selling our house to move to a smaller property as we are now recently retired (both in our late 60s) We had a residual mortgage with NAtionwide which we cleared and received the deeds. I was surprised to discover a charge of £7000 in relation to a loan obtained from Natwest in 1990 The loan was a career…
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UK house owned by Cypriot company: tax question?
My mother-in-law is resident in Cyprus and has a business out there. She has some money she wishes to invest and is thinking about buying a property in the UK and renting it out. If a UK property is owned by a Cypriot Limited Company, and any tenants pay directly into a UK bank account owned by that company, then does…
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Is this normal for an EA or a lie?
If at the top of the sales particulars for a property it says 'central heating (where specified)' what would you assume? That it had some central heating in some rooms but not in every room? However if when you went to view the property you found that NONE of the rooms had central heating, how would you feel??
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Mattresses
Hi everyone, Me and my partner moved into our apartment just over three years ago. The mattress although brand new was always very poor quality however it is now very worn out and you can feel the springs right through. In fact on one side the mattress just dips down all the way along the bed. Flipping it makes no…
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Leasehold contract - Can it be amended?
Hello all, I was wondering if somebody could help me with a question regarding a leasehold contract. We are in the process of buying a new build flat which is a leasehold. The vendors's solicitors sent a proposed leasehold contract to our solicitor. We've reveiwed the contract and proposed some changes to it. Now the…
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First time buyer 90% LTV
Hello I'm planning or hoping to get a mortgage with 90% LTV for a property valued at about £250-£270k in London. We have between £30-40k for fees and deposit and our combined earnings are £80k p.a. I'm currently working through my probation period at a new job, by Experian credit score is 750 (for what that is worth?) and…
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Dodgy homebuyer survey by Alliance & Leicester
Hi Everyone, 5 years ago we bought a house and used Alliance and Leicester for our Mortgage. Part of the deal was that they would use a RICS ( Royal Institute of Chartered Surveyors) Surveyor to perform the full survey of the house. the survey came back noticing a few cracks in plaster but nothing serious. Fast forward 5…
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AST Renewal
Hi all, I recently came to the end of a 12 month AST contract. I am still in the house and am almost at the end of the first month after the AST period. I would like to stay in the house but do not want to renew on another 12 month contract for two reasons: a) The landlord had decided to sell during the previous contract…
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Buying from distressed vendor & 80% mortgage
Hi this may all be a bit vague but really hoping someone knowledgable can help! My partner is looking to buy a house, as a first time buyer but we are struggling. His credit score isnt the best, and we are working on cleaning it up. The biggest hurdle we have is saving for a deposit! He could get an 80% mortgage, but the…
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Part purchase of a house
My brothers and I have been left some money in my dad's will which we are considering giving to our mother (they were divorced) to help her enjoy her retirement. She has a house with no mortgage in the south east (which she does not want to sell) which is valued at over the 325 limit that you get tax free for inheritance…
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How can a parent gift their child a deposit, but protect it too?
Just trying to get my head around something. Say a parent wants to gift their child a deposit for the house, but also wants to make sure that if their child gets into a co-habiting relationship in future, their partner cannot claim half of that money if the house was sold. How could the be achieved? I've read through…
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can I lower price for electrical wiring
Surveyor has valued property for exactly what I have offered for it. However the house needs complete rewiring - can I ask for that to be deducted from my purchase price?
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HELP! I've spent thousdands on repairs now LL wants me out :(
I was supposed to move into my property last july but when i arrived with the keys i found the place in suc a mess that i couldn't actually move in. I caled the letting agents who then decided to let me know that it wasn't a managed property so i had to deal with the landlord. I called the landlord and ask him to meet me…
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What to offer? Help!
Hi all, I am hoping to get some opinions and advice on a property I'm looking to place on offer on. The property is - http://www.dezrez.com/DRApp/Search.ASP?WCI=Particular&WCE=002161380 Although it is out of my price range as listed, the EA suggested that it's over priced and could see the seller considering offers in the…
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Need to lower flat asking price?
Hi All I'm after a bit of advice. I have my 1 bed flat on the market in the North West at £85k and have had no interest since it went up. The mortgage balance is £80k so I was hoping I could sell for at least that. I'm now thinking though, that in order to sell (which I kind of need to), I may need to lower the asking…
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Giving notice
Hi, im about to give my 1 mth notice to end my tenancy agreement. Do all parties have to sign, or will my signature be enough. Is there anything particular I should write. I will take the letter into the lettng agent, to ensure receipt.
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First time renters: how to pay bills etc safely
Hi, We're a group of 4 university friends renting a house in London for the first time. Unfortunately we're fairly ignorant in renting (we lived in university halls for 3 years and didn't rent on the private market). We anticipate many bills need to be paid regularly, eg.: Rent (£600 per week) Utility bills (I'm guessing…
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We're being messed around
We've been in a transaction now for months over our purchase, and are still no near to singing. We only have a month or so left on our mortgage offer too, so will have to go through the whole process again. Not going into the nits and grits as to what the problems are, but let's just say we have had the vendors from hell.…
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Should I buy or keep renting?
I've been renting a home for quite a few years now, and am starting to think about wanting to buy somewhere of my own. Not only for the security of knowing it's my home for as many years as I want it to be, but also because everywhere I live now, I'm constantly thinking of things I'd like to do/ improve/ change etc, which…
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Credit checks when renting...
Just wondering what they actually search... According to Checkmyfile. They supply a score for landlords etc, and I've above average. However my actual credit score is well below average.
