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Buying share of freehold flat - meeting other freeholders
My other half and I have been looking for a flat now for a couple months, it would seem in the areas we are looking there is a high percentage of leasehold with freehold share flats for sale (probably about 75% of the places we have seen). For instance, in a property that is shared freehold with one other flat, who the…
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Flat mate buying us out - who pays what legal fees?
Hi, Looking for some advice with regards to a flat mate buying out the other two owners and who should pay for what? Three of us bought the flat back in 2006 for £199500 and the flat has been on the market for over a year with no sale so on on the flat mates has decided to buy the other two of us out for £192k. My question…
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Letting Agent trying to charge for tear in carpet!!!
Hi all, just after some advice really, my girlfriend recently moved out of a house with 3 of her friends. All was fine and dandy, house was left in a spotless state, everything cleaned inside and out, no marks, dirt anything, pretty perfect condition really. The house is a 3 floor town house which has bedrooms on all…
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How long does it take?
Hi people. I've bought a house! (Advertised by WH Brown's as having no chain).(May 4, 2012 is when my offer was accepted, 14th May 2012 is when the first lot of money went from my account to the bank and WH Brown Estate agesnt) Read more:…
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Secured loan for deposit for another house
Hi all, I'm just looking for some advice, I was thinking of selling my flat to release the equity to buy a house. However just been thinking that I could take out a secured loan on my flat and use this as a deposit for a house and rent my current flat. Just wasnt sure if financing the deposit for another house purchase…
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Auction results for repossessions
I thought it might help people to get an idea of how auction results compare with guide prices, so I'll start the ball rolling with this flat near where I used to work. The auction guide price was £210,000, and it sold for £271,000. http://www.eigroup.co.uk/auctioneer-templates/LotDetails.aspx?LotID=661808&a=5&c=brn…
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Buy to Let. Stupid Idea?
I'm sure this has been covered and then some, so apologies. I'm probably being very ignorant and naive, but my question is: I've recently inherited £100,000. I've already had some excellent advice in here for savings and investment options. One last possibility that occurs to me is property. Is buy-to-let still worth…
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private rental check list?
Hi, I found a gumtree ad that says the current resident is renting out the flat for the next 4 months because of traveling. Everything is included in the rent and the deposit is only half a month. I've never rented a flat from a private person so i'm not sure what i need to check . I was reading the stickies and if we like…
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Is this a conservatory or not?
My gf and I are currently house hunting (first time buyers) and we have come across somewhere we like the initial look of. www. gallowaysonline.co.uk/07,0,0,0,1833906,56153,00.htm (had to add a space to the url as I can't post links as a new user) I wanted some opinions on the strange extension-!!!-conservatory at the…
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Rent increases and decorating.
We've just recieved a letter asking for an increase in rent of £30 per month. It works out as a 4% increase. It seems like quite a lot, is this a normal amount? Last year the rent increased by £35 per month which was an increase of 5% but that was due to no rent increase in the previous two years (long story, we had a £900…
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Estate agent commission
A quick question for anyone in the know. Lets say an estate agent charges 1% for commission for a sale, how much of that actually goes to the selling agents pay packet and how much goes to the firm on average?
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Bad credit, fifty percent deposit. Chance of getting mortgage?
Hi, I have bad credit- a CCJ for a bill of £500 in March 2008 which I knew nothing about as I had already moved address months earlier. I only found out because I checked my credit file in June this year. I have a couple of defaults dating back to 2007 for a mobile bill of £190 and a bill which turned into the CCJ I have…
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Rent A Room Scheme switching on and off it
The situation is that because this year I am only starting having lodgers in September it would be beneficial for me to have the RAR scheme as my rental income will only be marginally higher than the allowance. In future years rental will be considerably higher and therefore with expenses it will be more tax efficient to…
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First time renting not sure what is normal
After 2 months of searching and lot of disappointment ( rented before we had a chance to see the property and landlords deciding to sell) I finally found a place that is not a shoebox or full of mould. I have a few questions 1) what the average time between filling in the form for my checks (employment bank) and having to…
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What to do next - call agents bluff?
Hi all, To give you a bit of background, I am a FTB in London and have been looking since March. A new property came on the market last Thursday, viewing arranged for Friday. 2 bed flat for £250k (more expensive than flats normally go for, but orginal features and very, very close to the tube). Also first flat to come on…
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Countering Notice
If an AST states landlord gives 2 months notice and tenant gives one (rolling contract well past initial term)...if that landlord is planning on giving 2 months notice on 5th October, can tenant also give 1 months notice on the 5th October and leave 5th November?
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buy to let or not
Hi all, We currently live in a 2 bedroom ex council house, bought on a right to buy in 2006. Our two sons are 10 and 7 year old and I feel nows the right time to think about moving to a 3 bed house. The house was valued at £105000 with £40000 outstanding on repayment. I want to keep the property and rent it out long term…
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Clearing mice!
My daughter is a tenant in a house which has had mice. They got in via holes in wall behind kitchen units. Landlord was informed and arranged Enviromental Health. Traps and poison put down and repairs to wall done. Sorted! Now landlord wants Env. Health fee paying! Who is responsible for this?
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First time flat buyers being told they have to pay previous owners debt
Please help, we are first time buyers, purchased a flat in February 2012, previous tenants owed £600.00 to maintenance company from 2010, our lawyers didn't pick this up, we are now being told we have to pay it, we have paid £600.00 for 2012. Our lawyers say they are not responsible for not picking it up before we…
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Homebuyers Report Missed Rising Damp!
Hello :) I bought an old Victorian terrace in May and have since then noticed a tidemark around pretty much all of the internal Walls (front and rear have already been injected)! I had a damp expert in today who said that it was rising damp. Surely I have some comeback on the homebuyers report, which failed to mention it.…
