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Letting to students
I have a 3 bed property in our local university town, at present I get £780 per month let to a family, however my daughter is about to go into her second year at the uni and would like to move into the house (smallest bedroom of course much to her horror!) that leaves 3 bedrooms to be let out and a living room and kitchen…
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What extra costs do i need to factor aside from the deposit?
I'll be a first time buyer in 2013 & i'm just gathering information at the moment. Currently we have about 40k saved up & we're looking at aiming for a minimum of 40% deposit by the time we come to move out, which is £48k. However, out of that £48k will have to come other fees. Don't solicitors have to get involved at some…
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House being surveyed - what do they look at?
Our house is being surveyed this week - apparently it will only last half an hour so obviously not a full survey! Is this likely to be valuation only or valuation and basic survey? What will they need to look at ? Thanks in advance
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Guarantor
Hi, I have just been asked to be a guarantor for my sister with her tenancy agreement. I have done some research online and have a couple of questions of my own at the bank tomorrow but can anyone offer any advice on this? I don't want to go in blind as I know what my sister is like!
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Signing a house over
What is the best way to go about putting a property (apartment) into someone elses name? There is no mortgage or any other debt against the property. The current owner is under 60 years of age, in good health and wont be needing care any time soon. The reason for putting the property into someone else name is so it counts…
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Property Ownership question
Hopefully someone can help answer my question. Cut a long story short, my mum & dad separated. He ended up taking my mum to court to force a house sale. Thankfully we had the means to buy him out and take out a mortgage for the property. So mum still lives there, rent free and we pay the mortgage, and she lives quite…
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Heard nothing from LL
Hi, A friend of mine has been living in a rented flat for 3 years, he said that for the 1st year he signed a contract. So as he has put it he "has been out of contract for 2 years". Is this normal? His rent is the same as it was when he moved in,.... if this was me I would be nervous...has he anything to worry about?…
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periodic tenancy to AST?
I am on a periodic tenancy now that my original AST has expired. My landlord wants to draw up a new contract which would presumably lock me in for another 6 months before being able to give months notice (i might need to move within 6 months!!!) Is the lanlord able to "enforce" a new contract with a 6 month no notice…
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Unfair damages charges when leaving a rented house??
Really stuck what to do: quick low down, any advice would be appreciated! I left a property early, I was still liable for the rent/gas/electric/water/maintaining the property, until a new tennant was found - i understood and agreed Was told by the letting agent a new tennant had been found and i had two days to hand keys…
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Renting Qs
My husband and I are renting a flat that's coming up for lease renewal in March. The required notice period to leave is 60 days (so beginning of Jan). We were considering moving and the letting agent kept calling us (like 8 times in ten days). Last monday, my husband said that we were not renewing. I didn't think we'd…
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Joint tenants quick query
As I understand it, Joint tenants on deeds overrides any will. ie: You can not write anything in a will that can override the fact that on death the house passes to the survivor? Am I right?
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Buying a house for a family member and repayment of the loan
Hi there, I'm new to this forum and any help will be appreciated. My daughter and her boyfriend are planning to buy a house together however their incomes and deposit are not enough to get a mortgage to buy the house they want. As parents, we decided that we will buy the property outright and they will repay us monthly (no…
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Inheriting a house and wanting to transfer to a daughter
My Mother in law has inherited a house from her Father in law , no monies owed on the house , and she wants to transfer the house into their names (or one of their names) , is it a lengthy or costly process to do this ?? Many thanks in advance.
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Survey Results
Apologies for the length of this post! We are in the process of buying a 3-bed semi detached and have had a full structural survey completed due to it being an older property. Most of the issues are fairly minor, gutters need clearing a few double glazed windows have failed etc. However there are 2 points which are…
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Advice on renting out flat and own situation
Hi all I own a 2-bed flat with a mortgage which is currently rented out. Initially I rented it out about 2 years ago as I went to live with a mate and it was a lot cheaper for me to be a lodger. However after a year or so I was fed up with a small room and my mate wanted the room back for his kids. At this time I had…
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half rent half buy scheme
my daughter is looking at the half rent half buy scheme but has been told only the leeds building society will lend her the mortgage,who have turned her down. Can anyone give us any advice as to who else is lending on this scheme The housing place where she has been accepted have given her a broker but they want £3000 to…
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Rent to own?
Hi bit of a background here: I am looking to get on the property ladder but im not from the uk have lived here for 7 yrs my husband has owned homes in the past but we have rented for 4 years now. The house we are in the owners are in OZ, they have an interest only mortgage and are always up for offers. I was just wondering…
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Moving GF (&kids) into MY house?
Ok, I could write, write and write some more with regards to the topic title. However, in simple terms.... If I moved my girlfriend and her kids (they are not mine) into MY house, which is completely owned and mortgaged in my name. Is there anyway at all she could stake a claim to the property should the relationship go…
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Estate agent 'legal' fees
I have been trying to get advice on this for the last couple of weeks with no luck. I'm hoping someone here can help. I moved into my rented house on December 5th. On December 3rd (Saturday) I received an invoice for first month's rent and deposit as I expected but also for £120 fee for legal services. I'd never been…
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New Build - What's market like for getting a deal?
Hello, I have been searching the web over the holiday in an effort to find out what the current market is like for negociating on a new built. Is the 'advertised' price usually pretty firm in today's market? We are a first time buyer and want to jump in on the new Gov't scheme for 5% down which starts in March. When should…
