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Buying a 'buy-to-let' where to begin?
I would like an investment property to rent out hopefully cover the mortgage and sell on in years to come. The problem is I don't really know where to begin! I have looked at properties but not sure what their rental value would be - on TV they ask agents but surely they're not just going to help me out for nothing?! Would…
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Tenancy end date - can anyone work out the agent's reasoning?
We originally moved into our last rental on the 21st of the month. Our initial payment on moving in was for one months rent plus 7 days pro rata (February). A standing order was then set up to pay monthly in advance on the 28th of the month, i.e. paying on the 28th for the next calendar month in full - 1st -30th/31st. In…
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Changes to LHA - did they happen?
Did these changes take place? http://www.direct.gov.uk/en/Nl1/Newsroom/DG_192415 According to my local council, the LHA rates are still around double those limits: http://www.cambridge.gov.uk/ccm/content/benefits-and-council-tax/housing-benefit/local-housing-allowance/rates.en If the changes are taking place at some point,…
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Need advice asap!
Hi there Just wondered if anyone could offer any advice on the following matter. My partner and I saw a house we like a month ago and have since viewed it twice, researched the area etc. The house went up for sale for £175k and after two weeks was reduced to £160k. On our first viewing the estate agent said the house had…
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Going for BTL
I'm going to get some BTL properties (5), and some people have tried to put me off by saying, "what if you don't find tenants, what if there are VOIDS, what if there are arrears" blah blah blah. Well i think i've found the answer Guaranteed Rent 52 Weeks of the Year!…
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Solicitor still not sent contracts 3 weeks after offer accepted
Just after a bit of advice, we made an offer on a property just over 3 weeks ago, we've had our formal mortgage offer for 10 days now, the searches are due back next week, but our solicitor has still not received a contract, the sellers solicitor has been away for 2 weeks, the assistant faxed the info over for the searches…
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Renting my house to the council - anyone done this?
I really want to move from the area that I'm currently living in and given the parlous state of the housing market, this is something I'm thinking of doing and wondered if anybody else has done this? I guess what I'm really asking is - What are the advantages if any? Any pitfalls? I'm trying to gather as much information…
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how much for a 3 bed?
Hi If a 2 bed flat is on for sale for £130k, how much would you reckon a 3 bedroom flat would cost. Its in the same block, and assuming every thing is the same (for arguments sake) i.e same size. style, things included etc etc, so how much for an additional bedroom? looking for a rough idea, so if a 2 bed is 130k would you…
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conservation area
Hi All, I am wondering if you can help me.I am buying a house but from the Local Authority search, it came out that the house is in conservation area and also there is a garrage at the back of the property and the vendor has been refused permission for that in 2007. Estate agents are telling me that the Indemnity Insurance…
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I'm Renting, can the Agent do this:
I've just starting renting a house through a letting agent (PeterAlan) The agent manages the house. If i signed on the 5th of the month, then i assume that the next monthly payment would be the 5th in the following month ? However, the letting agent is saying i must pay by the 1st, so it hits there account a few days…
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Mortgage first says banks
Mortgage comes first, owners warned Thousands of homeowners are to be warned by taxpayer-owned banks to forget renewing their subscription to Sky TV or buying a new BlackBerry and instead focus on paying their mortgage. Article http://www.pressassociation.com/component/pafeeds/2011/08/31/mortgage_comes_first_owners_warned…
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Few questions...
Hi just found three postgraduate students to rent my house and I have a few questions: a) all three want to sign in the contract. Do they have to sign the same contract all three or do I make them sign a copy each?In the standard contract that I got there is only room for one signature. b)they are all students. Which one…
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Hand rail on stairs
Hi all, quick question. Is it a legal requirement to have a hand rail on both sides of a stair case ? I have a tenant trying to claim for personal injuries against me, and one aspect of their claim is that a handrail whilst present on the right hand side of a stair case she claims to have slipped on ??, she states there is…
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Just a little rant...
Hi we had an offer accepted on June 2nd! Several problems along they way, chain broke etc. Sellers want to move Friday we are hsppy with that too, have signed contracts but not exchanged so chased solicitor yesterday no reply. Replied this morning to say she would chase it. Emailed to check progress and received an out of…
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Surveyor Coming Round for Mortgage Valuation - What to be Aware of?
Hi all. We accepted an offer on our house nearly 3 weeks ago & I've just had a call from a company called esurv to say they have been appointed to carry out the mortgage valuation. Is there anything I should do or be aware of when the surveyor comes round? I am surprised they actually want to come into the property as I…
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Renting a flat and claiming dss. Do i still need to pay a months rent in advance?
Hi, I was wondering if anyone knew if i still had to pay the months rent in advance if i'm claiming housing benefit. If i live there for one year (and claim dss for the year) the landlord will get the full 12 months paid by the council, plus my one months rent in advance. So he'll get 13 months for 12.. Any advice would be…
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New houseowner - Outstanding Utility bills
Hello, I have recently bought and moved into a new house, however I am recieving bills addressed to 'The Occupant' for unpaid electricity from periods prior to the completion of the sale. Firstly, am I liable to pay the backdated charges? Secondly, what should I be doing to stop the letters? Thanks in advance. Kaney x
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right to access in notice period
Hi all just looking for some advice. We have given our notice to leave our rented property and have a few weeks left, I have recieved a letter today from the letting agent stating that they have a viewing booked for friday and 2 for saturday, I had agreed by phone to them being allowed to have some viewings on saturday but…
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Simutaneous Exchange/Contract-Deposit?
Hello, So background- i currently rent with my boyfriend and his friend off his friends stepdad (who owns the house) Our landlordis moving to Oz next year, and has asked us if we want to buy (which we do). The house is worth approx 210k and to get 21k before feb is a task and a half. My legal team at work has suggested a…
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What Rights Do I have to Renew Rental Agreement?
Hi I`ve recently moved in to a property with a six month agreement , I get on fine with the LL and will more than likely want to renew for at least another six months ,as long as Im paying on time and not breaking any rules ,do I have the right to renew at the end of six months or is it entirely at the LL`s discretion?…
