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Rental Mortgage advice
Hi I am after some advice. I have paid off my mortgage and now considering buying a property to rent for my pension. Can I take out a mortgage against my own property to fund purchase or do I have to have a buy to let Mortgage. Purchase price £115,000 of rental property. My property is worth £175,000 Thanks
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Negotiating price advice
Hello, I'm after advice negotiating on a property I would like to buy please. My girlfriend and I have and AIP for the mortgage, a good deposit and a solicitor awaiting instruction. Here is the house: No 41 http://www.rightmove.co.uk/property-for-sale/property-32171194.html Property bee doesn't say it, but it was first put…
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Made Offer but now stuck
I posted this on travel forum but I wonder whether you will might be the better board to ask! I'd be really grateful for some advice. We've made an offer on a house (FTB) but the vendor is hoping to move to the States for work and won't accept the offer until he has a visa. He was refused a visa last week and is appealing…
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Letting/management agents
Hey all I m a mature student and wish to move to the city whilst Im at uni. I would like to rent my property to fund the rent of the flat but would need at least 9 of the 12 months to be let therefore I m considering paying for a guaranteed let at a cost of between 10-15% of the income. Question is, is it value for money…
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Buyer delaying our house purchase
Hi all, 10 weeks ago we sold our house and back then we were told it should take 4-6 weeks. So we have made plans to be in our new property before christmas (we need to sell our house before we can move). We have had delay after delay, then today the contracts are ready and our solicitor informs us that the buyers don't…
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Certificate of Title - time?
The house moving process is really testing my sanity! :mad: Could anyone tell me how long it typically takes to obtain Certificate of Title so the solictor can draw against the Mortgage for deposit etc? This is holding up my purchase Exchange and has only just been requested - everything else is done. Thanks
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Tenants not paying rent on time, parents' are guarantors
Just writing this as query for a friend of mine who is renting out her 2 bedroom flat. She has let her 2 bedroomed property through an agent for a year to 2 ladies. 1 is a student, the other works full time and has permanent job. Their parents are apparently guarantors for the rent to be paid. They've been there since…
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rent advice
My daughter has just been informed her rent will increase from £595 to £705 on renewal of the lease, could someone advise is this allowed please? The agents want to also charge £150 admin fee, and they know how much she earns, so they she cant afford any of it
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landlord let himself in my flat without permission!!!
really need some advice. i was in the bath earlier heard the doorbell ring i ignored it as wasnt expecting anyone the next thing i know is my landlord has let himself in my flat. i had no notice what so ever im so angry im rented private not through an agent what can i do about this
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Finding a solicitor to buy home
:mad: :mad: :mad: Yes more questions! I have had a quote from the estate agents solicitors £1491, and a quote from friends recommendation £1451 and now I’ve looked online and there are some solicitors quoting £591 for conveyance, with reviews and feedback they sound great. (From the Yorkshire website) Can anyone help me…
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making an offer on a repossession
Hello, I've recently seen a property that I believe to be a repossession. Its a newish property approx 2007 and sold originally for £169k! It went up for sale about 3wks ago @ £130k and a few days ago was dropped to £127.5k I am a position to proceed pretty quickly but it would be by mortgage! Basically am I kidding myself…
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Do we have any rights?
My partner and I moved into our first place together on the 21st November. Unfortunately, we're not having much luck with it. The boiler was so old, that the guy wouldn't put a gas certificate on it. We also had no pipes for the washing machine to go into etc...so eventually after a couple weeks, the landlord/estate agent…
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we exchanged on our repo
yipeee! thanks to every one who gave me advice. No other offers came in which was great! Feel so relaxed now!! Thanks again
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Change from Interest Only to Repayment
Hi, Can anyone help with some advice please. I am intending to rent my home very soon. The rental income will be around the £1100 per month mark. !My current mortgage is an interest only type for approximately £152K with 20 years remaining. It is with C&G. Because I am on term tracker 0.95% above base rate, I would like to…
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Buying leasehold house and enfranchising freehold
I am in the process of purchasing a leasehold house and wish to buy the freehold immediately. I have seen somewhere that in this situation if the vendor agrees they can serve the statutory notice (they have owned the house for more than 2 years) for us. Does that mean that the notice served by the vendor passes with the…
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How to credit check and reference!
I am considering letting through the local university letting service They let to employed members of the university only Thier criteria is that no fees should be passed to renters for credit checking or referencing so I am wondering how much this costs and how I would get it done Any ideas?
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Renegotiating tips after HBR and electric report!!!
We had an offer of £145k accepted on a house that was originally priced at £154k. The house is a 4 bed mid terrace (originally semi but extended on both sides on garage, no throughway) build in the late 60's. The HBR's report came back asking us to check electrics and gas (us usual), as well having the back door fixed or…
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Useless Landlord
Me and my OH moved into the current property in August 2007, the landlord is my OH friend that he has known for about 10 years. Basically since we have moved in she (landlord) has been completely unhelpful with anything that needs doing around the house. We had an arrangement whereby we get the quotes for the repairs, and…
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PLANNING PERMISSION- Hidden charges- Plz HELP!
Please can I have some advice- a few years ago, I bought a property which had been used as an office with the intention of turning it into a house, the property itself is in a row of residential houses and all that needs changing is the layout in the inside of the property. I applied for a change of use planning permission…
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Plans for a non-profit Letting Agency...
"Inside Housing" carries the following report today:"Labour candidate for London mayor Ken Livingstone will announce plans for a non-profit lettings agency and a London living rent as part of his campaign today. Speaking later this morning, Mr Livingstone will say action is needed on London’s private rented sector to…
