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Buying a House as an investment
Im looking at buying a property as an investment, what I'd like some help and advice with is whether to buy the house outright or put down 50% and have a mortgage for the remaining 50%, the house will be rented out and I have a long-term tenant lined up. Additionally the money to buy the property is coming from my personal…
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Re-locating to Devon
I am exploring the possibility of moving to Devon. I do not drive and will need to be in an area with good bus/train links to hospitals in Exeter. I have considered Exeter itself but it seems a bit too pricey/studenty for me. Thanks in advance for any tips or suggestions.
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Letting agents made mistake on contract..
Our letting agents (who are crap) made a mistake on our new contract when we recently renewed our tenancy. They forgot to add a rent increase that the landlord wanted to impose (so basically charged us a £60 renenwal fee for photocopying last year's contract). Now they've realised as the first month's rent has been paid…
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Making an offer
What's the best way to figure out how to pitch an offer when you know there are other offers likely to come in? We don't want to open too high at first, of course, but neither do we want to lose out to someone else's offer on a price we would have matched or beaten. We are currently looking at a flat priced at £350,000.…
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Leaving London...but where?
After 40 years in London, I have decided to move out and settle down and raise a family. I would be grateful for suggestions of areas within 90 miles of London (as I will be still working 3 days here) so I can kick start my search. Preferably a place with a good stock of edwardian/victorian/georgian homes, good schools,…
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Landlady Dragging her heals
Hello all Just after some advice, moved out of a rented property on the 12/6/11 after 2yrs. I was all done through Sequence properties, since that time the landlady still hasn't released our deposit (£1000). She told us that the carpet in the hallway needed redoing (fitted badly and Dyson hoover threaded it a bit), also…
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Using the same conveyancing company to sell and buy the same house?? Is it possible?
Hi All, I am buying a house off my friend who is in financial difficulty. He can't afford the legal fees for the sale and has asked me to sort it iut. I am just about to start getting conveyancing quotes. Is it possible for me and him to use the same company? and would it be cheaper? Thanks
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letting agent Reference
Is it illegal for a letting agent to give a bad reference? Our LA is proposing to write the following:- "we have not been provided access for viewings with prospective tenants and this is inevitably going to result in a financial loss to our landlord client. However, we are aware that xx and xx are expecting their first…
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For all the conveyancers reading your posts - how can they improve?
Seriously, and without being rude, for all the conveyancers reading your posts - how can they improve? What would you like every conveyancer to do that - as potential clients - you would appreciate if they would do that some or all are not now doing? (e.g return your emails/calls, explain things better etc)
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Advice needed - Property developer going into Administration
Hi there. I'm hoping you kind folks can give me advice on an issue that has appeared quite suddenly please. Apologies for the length of the post, but I want to get as much detail in as possible. I am in the process of buying a shared ownership flat (I know S.O is not favoured by some, but I have weighed up all the pros and…
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New build discounts? %%%%%%
I have my eye on a house in a new build/conversion development of just 6 houses. One sold off plan and the other five are up for grabs. Four had been reserved but have all falen through in the last week and I am hoping that has made the develper vulnerable to an offer. They are offering part ex and (my place is just 35% of…
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Mortgage Advisor ? He he a Rogue?
i need advice. Went to see an Independant Mortgage advisor, who seems to have got a good deal. He arranged for a mortgage in principle and we asked when does he need solicitors details. He said dont worry, we will talk next week and he will get some quotes. We had someone in mind who quoted us£574.00 all in (not VAT…
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Placed holding deposit and now LL wants to re-negotiate
Please help! On Saturday, my daughter and her friends (all students) placed a holding deposit of £500 to secure a house at £2100 PCM. The original price was £2200, but the agent advised they could have it at the reduced rate if they put down the deposit there and then. This was paid over the phone, nothing signed.…
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splitting with gf,ways she can buy me out
hi, me and my girlfreind are unfortunately splitting up, i have agreed she can buy me out of the house if she can afford to as it will make the process quicker and we wont need to worry about estate agents etc. she is talking about getting a loan to cover my deposit and i was wondering if there is anyway around this? for…
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Homebuy scheme
Evening all Me and the missus are looking to buy our first property and there is a development nearby that has a lot of homebuy houses/flats available. I don't believe we need to be on this scheme (part buy part rent) to be able to afford one but it seems all are being sold through this, is it a bad idea to purchase one…
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Looking to rent- credit referencing
Hi Ive been living with a partner for 13 years and now things are bad and im essentially a lodger...as she has lost her job ive also built a little debt up propping her up. I have maybee 2k on my credit card, 1k overdraught each month and 2k outstanding on a 3k loan...so around 5k debt with a net income of 1350 pounds a…
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New Tennents no contract no rent yet
Hello all, this is a bit embarrassing but we have just allowed some new tennents (who we knew) to move into our property on an agreement that we would sort the contracts later (I know - very stupid that). This was a week ago and they have not paid us any rent yet and we have not taken a deposit. They have been surprisingly…
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95% Mortgage or 5% vendor gifted
We are first time buyers who have just found a property we love which needs work. Because of this I dont want to put down all of our saving as a deposit and instead try and get a 95% mortgage or 5% vendor so we can use some of our savings on improvements. We had a mortgage in principle with halifax but obviously they have…
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Advice on extending a lease
Hi all, My wife and I own a 1 bedroom flat which: * would be valued at £95,000 (if the lease was over 80 years) * has 76 years on the lease * we pay £50 ground rent per year * we've owned for more than 2 years I understand from reading this site, and others, that we have the legal right to have the lease extended by 90…
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Wish to sell, lease question.
I own a one bedroom converted flat. One of 4 converted flats in one house. I wish to sell. Lease is in the low 60’s and the landlord/freeholder wants £15,000 per flat to extend the lease. I have no money so would sell with a condition that the new owner can extend for £15,000. The guy downstairs is talking about obtaining…
