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Renting - Carpet Cleaning?
I am currently renting a property for which the contract states that the carpets must all be professionally cleaned before we leave the property - something I haven't seen previously, although most of my previous residences have been student properties.* Is this a usual term of the contract? Since I'm not familiar with…
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Buying a new wain home
Hello All I use this site for everything financial and now it makes sense to seek advice on buying a new home. I am looking at a brand new home near Chorley in Lancashire the house is the Montgomery and is £350k now they have offered to value my house and purchase it at an agreed price but that was over the phone and they…
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What constitutes breaking the tenancy by the landlord?
Hi all, Daughter is in a rented property which from what I can see is an unlicenced HMO. letting agents sloppy imo and landlord seems all out for money. From my investigation the following rules have been broken, and daughter is spending too much time chasing agent/landlord and just wants to find somewhere else to live.…
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Mortgage based on Household Income, not individual
My partner and I are renting a house at the moment and are more than able to afford a mortgage up to say 500quid per month. My Credit rating is very poor and I am currently in a Protected Trust Deed for a few more years yet. I am the main "bread winner" in the household. My partners Credit rating is however, relatively…
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HMO Tenant in Rent Arrears...
Have a property let out to a group of 5 students on a single ASTA so all tenants “jointly and severally liable” Have guarantor agreements from 4 tenants, fifth tenant the problem tenant is yet to provide this. Tenancy started 01/07/2011 and end’s 30/06/2012. Situation is basically that the problem tenant has not officially…
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Residential to Buy to let
Hi has anyone transferred a residential mortgage to a buy let, how does it work would they just go online and see the property value and weigh that up with the balance. also whats the bets deal for BTL mortgage ideally low equity needed thanks
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Marriage/ House breakdown
Can anyone help with some advise...I am having a Nightmare. Going though a divorce. My ex moved out in March. Mortgage is in joint names. I also have a restraining order on the ex, for harrasement & criminal damadge, as he has threatened me, & he did come round to the house & tried to break in & get me. A court case is…
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How to make it go viral?
I have joined facebook and created a page with the specific intention of trying to make people take an interest in our property which we are trying to sell. I am a total novice when it comes to social networking sites and wonder if some kind person, could tell me how to make it go viral? I believe that is the term for…
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Should a deposit be offered to secure house?
I had an offer accepted a few days ago. I have now (just) found a solicitor and expect a mortgage to be approved next week (already have an agreement in principle with someone else). Should I offer the deposit (10%) to secure the property, so that I don't get gazumped?
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Share of freehold - buildings insurance question
Hi, I have a buildings insurance question. I am buying a flat in a proprty converted into 'my' flat and another one upstairs - so just two flats in the building. I will be buying a share of the freehold and a 86 year lease (I know it needs extending). The other flat owner owns the other share of the freehold and her lease…
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Capital gains tax on remortgage & transfer of 2nd home to partner
My partner and I jointly own and live in one house. I (alone) own a second house which I rent out. My partner & I want to remortgage the second house with a joint mortgage. Would this count as a sale or gift of 50% of the property to my partner? Is my (unmarried) partner a "connected person" for the purposes of capital…
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Leasholder costs
Hi we own a leasehold flat. The freeholder is looking at getting the roof replaced. We don't have that kind of money spare at present. Does anybody know where do we stand legallly and what happens if we can't afford to pay our percentage?
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Ex-LA/Council..really?
I accept I can be notoriously thick on occasion, but I really don't understand the description 'ex-LA/Council' as it relates to most leasehold properties. If you buy a lease, the property is still LA/Council. Your tenant neighbours are still LA Council. The nature, level and cost of services is still LA/Council...so who…
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Order of selling/viewing/buying house- never been in a chain before.
In what order do you sell & buy when in a chain? Previously I've sold and moved into rented, as I was moving areas, and didn't need to take my mortgage with me. In the new year, we should be recieving a small inheritence, which would enable us to move to a better house without increasing the mortgage. I'm not sure how to…
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Any experience of getting consent to extend from Homes and Communities Agency?
The house we are looking to buy requires us to get the consent of the Homes and Communities Agency before we can extend the house. Does anyone have any experience of dealing with the Homes and Communities Agency? Is it a formality or could they withhold consent even where approval is granted by Planning? What are the…
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Hypothetical scenario
So, say you could afford to buy your first property outright and still have, let's say, £40k left over. Would you still get a small mortgage (£25k min) to (a) free up more cash for the next project and (b) get yourself a decent credit rating for the future? Or would you do away with the idea of a mortgage all together and…
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Is it normal that soliciters ask for proof of money
Is it normal for a soliciter to ask for proof of payment ( bank statments ) when you pay them your fees for a house. I can understand for a mortage but not for fees, under £28,000. Fees and small deposit.
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Started offering on properties but don't have a solicitor in place
Hi, I've had my mortgage agreed in principle and the bank's mortgage advisor told me to start looking at properties. I've put in a couple of offers this week (not accepted) but I've realised I don't have a solicitor in place. Also I am probably not going to take up the mortgage offer with the bank as I know I can get a…
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First time buyer...CONFUSED...
Hi, I need some help.... mortgages are too confusing for me. This is my situation. I am mortgaging £50,000 on a £100,000 house, thank the parents for guiding me on savings. I require some help in finding out a suitable mortgage. I am hoping to make some early repayments and hopefully own, MY HOUSE :) by 2016. How do I find…
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Private Landlord adopting Office Hours telephone calls
HI, as a landlord to 4 properties (no agent) i was wondering if it is ok for me to assume normal office hours - 9am -5pm, Mon - Fri,(except for emergencies) when it comes to receiveving telephone calls from tenants? I have always responded to calls, which usually come in an evening or at weekends and frankly i'm getting a…
