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Investment yield minimum
Hi, I am contemplating selling my London flat (with tenant) aimed at another investment buyer. It's not really a FTB type area as its all rentals, so I think the price will largely be driven by the overall yield of the flat. So I was wondering what other landlords on here think is an acceptable rental yield. At the very…
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Buying a short Leasehold flat & dealing with an Absentee Landlord
Afternoon all, I am in the process of buying a 1st floor repossession leasehold maisonette. My offer is £250k - however following a valuation and survey it has become apparent that there is only a 66 year lease on the property together with an absentee landlord. The property has since been valued at £225k and the exterior…
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Contract release and bond
Hi Guys As a newish landlord,"2yrs",I rent out my house to 3 people.Everything has benn ok,they were on a 6mth AST for the first year.They then asked for a 12mth contract,that seemed ok to me so I let them have one,that was on 7th Jan 2012. It has now emerged that 2 of them"man and woman" are splitting,things happen. The…
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Problems with adding an extra housemate.
I've recently moved into a rented house in Bristol with 3 other roommates. There's a 5th guy who might shortly be getting a job in Bristol and will come and live with us (we have two extra bedrooms). When we viewed the property we told the letting agent about the 5th guy and they said the total rent for the house would…
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Boiler brakedown cover
Hi hoping some people on here could advise, My Mum lives in a Housing Association property and they are, to say the least, unhelpfull when it comes to repairs and such like. This morning her boiler broke down and they say they cant send anyone until Monday morning, she says she is as work on Monday & Tuesday and they say…
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Home Services Report - advice please
I am currently buying a property (13 years old). The survey highlighted that boiler needs checking. Already had electrical report done, therefore guess I need boiler, central heating and gas checking, plus boiler serviced. Can anyone supply typical costs and recommendations - house is in West Sussex. Many thanks
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Property Management charge...can you legally dispute it?
Hi I live in a detached property which was built 3 years ago and even though its freehold, there's an annual charge by a company called The Property Management Company based in Aberdeenshire. Its not a huge charge (approx £150 per year) and this involves the PMC arranging for things like grass cutting in communal areas and…
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Reliable surveyer in worscestrshire
Can anybody recommend a good surveyer in + around worcestershire i have purchased a property but req a full survey before purchase thanks.
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Property buying in Kolkata
Over the last few years, Kolkata has seen a good deal of investment flowing in especially in the real estate market. Owing to the high investment in real estate, the city has witnessed a stream of development of residential and commercial properties because of the change in the underlying dynamics of the realty sector.…
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Mortgage application & Electoral role
Hello - We are applying for a mortgage at the end of the year through the government buy scheme. To cut a long story short, we are living at an address where we are not 'announced' (to help us save the deposit) but we are on the electoral role at another address (the parents) My question is: when we apply, will it matter…
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Electrical Building Regulations when applied to house extensions
Hi all, We're looking at buying a house. It was built in the early 80s and had an extension build in 2008 (applied for in 2007). A structural engineer's report states: The electrical system to the old part of the property was old where there was an old fuse wire board. We are surprised to see that the electrics in the…
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when do you start packing ?
Like i said in my other threads we accepted an offer on wednesday :j The buyers have a cash FTB buying thiers and that sale is proceeding nicely (EA told me). We are moving back into a home we currently rent and we are living with family untill it is renovated - so we can move ASAP We live in a big 5 bed house and like i…
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Advice on Buying a Repossed house
hi all, I'm new here and this is my 1st post. I'm looking some info and advice on buying a repo.House was on the market at 80,000 and we had offer accepted at 67,000. This was several weeks ago and due to my bank messing up bank statements several times, I'm still waiting on one arriving so morgage lender can do survey and…
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Does this sound suspicious?
I found a house I pretty much wanted to buy before I'd even viewed it. It had only just gone up for sale and another house in the same area had been up for months but hadn't sold. I called the agent who arranged a viewing. However, when it got to the day, I received a phone call telling me the vendors had had to go out so…
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Buying a house for cash.
Hi, My first post, how fast realistically can I buy a house using cash only I don't need a mortgage. I need it bought ASAP. I assume there's the searches, I guess the survey is down to my choice the risk I take. Any advice gratefully accepted.
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Housemate searching - thoughts/opinions?
Hi all, First post here - I'd love to hear your opinions when it comes to house hunting sites! I'm currently working on an alternative service to Gumtree/Spareroom and the like, one that will remain completely free for anyone to use - no sponsored listings, charges to communicate early etc etc. It will also filter your…
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Selling Advice - what could be happening
We are selling our property. Its been on the market 5 weeks. Last week we had a couple view on Thursday and then 2nd viewing on Friday. They made an offer on Saturday which we turned down on the advice of the EA. They had a 3rd viewing this week on Wednesday. I called the agent this morning for an update. He said that they…
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Unreasonable Landlords?
My Partner rents out a house in the North West where rents are quite low. His Tenant of 5 years moved out as they were buying a house. Countrywide asked us to be at the house as a family were going to view. They arrived with a Springer Spaniel (We had told Countrywide to exclude pets as a previous dog had caused…
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survey being instructed - where do they need to look ?
Hi Just after a little advice please. We have accepted an offer on our house, instructed solicitors and am waiting to hear when the surveyor will come. Is there any periticular area they need to look. We have a bedroom in the attic with loft eves would acess to these be ok, or will they need to look in the large loft space…
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Any advice re: my managing agents / landlords
Hello everyone This is related to a post I made over on the consumer rights forum but wondered if anyone could advise... We recently checked out of our property after three years renting. We paid £345 for a professional clean of the property and to be brutally honest they could have done a better job if they'd turned up…
