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Shared ownership and buildings insurance
Hello, I live in a property half owned by me (well the mortgage company), the other half owned by a housing association. When I took out buildings insurance the mortgage company told me the rebuild value for insurance purposes is £70,000, so naturally when taking out insurance I told them the rebuild value is £70,000.…
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Tax on rental income UK
Can anyone help me with the following situation regarding paying tax on rental income. I am a UK higher rate tax payer currently in permanent employment paying tax through PAYE. I have earned additional income from letting out my old flat since 2008. The income earned has been less than the thresholds for HMRC self…
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newbie needing advice please
Hi all, first time posting so please be gentle :) We accepted an offer on our house 1 1/2 weeks ago and have since had an offer accepted on another house. We had already sorted a 'mortgage in principal' and have now filled out all the paperwork. Nationwide have said it was sent in the post a week ago last Friday so hoping…
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First time viewing question
My partner and I have found a property we're interested in viewing. This'll be the first time we've contacted an agent to arrange a viewing, and we're wondering: - If there's anything we should be aware of/have available beforehand - What questions the agent is likely to ask us TIA.
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Places to live in Sydney
Hi, I know this is a UK board, but I am sure there are the odd ex-pats around so I was hoping for some advice. I'm thinking of moving to Sydney, but I am a but uninspired by some of the houses and flats, and don't really know where to live. I am from Australia (oddly enough!) but haven't lived there as an adult much, and…
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Helpful info needed for 2nd (but primary home)
Hi guys, any info/help would be much appreciated. I'll try to give as much details as possible: Basically my parents were in a council house and I helped them buy the house on the right to buy scheme. My dad is disabled and so was unable to go on a mortgage. My mum is unemployed and takes care of my dad. The mortgage is in…
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Rented House rent increase ? breach tenancy UPDATE
My landlord has proposed through his agent an increase from £795 to £835. From the 1st august 2012. We have been in 7-8 months on an assured tenancy which is now a periodic. The tenancy agreement contains the following conditions on rent increases: tenancy agreement clause 1.7 Rent, sub-section 1.7.8.1 ‘if for any reason…
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Sell house give money away to get state care?
A couple who just got married couldn't afford much only renting tatty bedsit. A rich old relative of the husband getting very old and had big house said move in with me. This aunty had paid off mortgage yrs ago and now house was worth a mint. Anyway she couldn't go up stairs anymore so the couple talked her into selling…
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Renting property before buying it.
With the current problems in the property market, has anyone ever rented their home to someone who wanted to buy it, but was not in a position to do so immediately. The property is owned outright and has no mortgage. If the offer was to give you a small deposit, pay market rent and then buy by paying the balance in the…
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Research on buy to let in my area.
Hi everyone I am a first time buyer looking into purchase a buy to let property in my local town. Before I commit myself to buying, I am wanting to do some research in what sort of rental property is in high demand in the area. Where should I be looking or who should I be asking to at least give me a rough idea of what…
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litigation help
Hi was hoping for some advice if possible, Bought a house with a 'friend' in 2007 and 18 months ago this 'friend' got married and disappeared.Obviously I was left paying all bills and upkeep,and wasn't to happy. So spoke to the mortgage company and applied for a change of parties which has been accepted and I was given the…
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Selling house around probate question
Hello and thanks in advance to those who offer some assistance. This is the situation........ My mother recently passed away, and now my dad is looking to selll the house the deeds will be in his and my mums name, they bought the house about 36 years ago. In her will she left her 50% of the house to me and my sister 25%…
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repairs by private landlord
hi Ive recently moved into a new flat (over 3 weeks ago) there were a few bits that were addressed on viewing which were supposed to have been fixed before i moved in but didn't, these were what I'd consider urgent , 2 electric wall heaters not secured to walls properly along with heated towel rail in bathroom that kept…
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Gift deposit
This is a duplicate
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First house advice
Hi, I am buying a house with my partner from a family member. This is only a small house which is valued at 80,000. My family member is happy for me to have this house for 70,000. I am only able to get a mortgage for 60,000, What is the maximum "Gift Deposit" my family member can give me, as he understands I am unable to…
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Offer on New Build Flat
Hi, Looking for some quick advice - am just about to put down an offer on a new build in North London - a 1 bed flat in this development: http://www.site-sales.co.uk/caledonian/ Ive seen a lot on here about negotiating prices on new builds, however the developer insists that, given the demand for the development, the price…
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Meeting a prospective tenant for the first time
Further to a previous thread of mine, I have located a chap on Gumtree who seems to be after what I have to offer (property-wise). I am looking to become a LL for the first time and was hoping to avoid the costs incurred by a letting agent - this chap is hoping to avoid them too. So, we called him on his mobile, have…
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Tenancy Help!!
Hi I am in a 12 month tenancy with my friend, but my friend has moved out to live with her boyfriend, and I am 2 months in arrears with the rent, however I now have the money to clear all of my arrears, but my landlord does not want it. He says if we are both not out by the 20th, in ten days, he is serving us with an…
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Add bathroom/losing bedroom to add value?
Hi,opinions please- We have a 4 bed semi with only one bathroom which is downstairs,thinking of moving next year,so- If we put a shower room upstairs in smallest bedroom, would it sell better/ add value, or should we leave it as it is.
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Renting nightmare
Hello everyone, I hope someone can help me - and apologies for the length of this post. My son moved into a flat with two of his friends over a year ago on a shorthold 6 months tenancy. I signed the guarantor form but asked to be responsible only for my son. After 6 months the boys re-newed the tenancy and stayed for…
