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Offers in excess of...
Hi, We're first time buyers just starting to look at buying somewhere. A few places we've seen say offers in excess of... Does that mean that there really is no point in offering any less than that as a first offer? I know generally you can offer less as a starting point normally but I've got no idea what to do with these!…
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Puzzled???
Sending a letter before action to LL to return deposit because of non protection. Only issue is, (and we have had different advice on this) we know that our LL has moved from the address supplied on the Tenancy Agreement. There has been no formal change of address notice, but we have been informed by text message. The…
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Electrical Safety Certificate
Hello, We are in the middle of purchasing a house which is 30 years old. The current vendor has not got an electrical safety certificate. Our solicitor advises it's unlikely she will be willing to pay for the cost of this. I've been quoted £120 by an electrician to carry out the safety checks and issue a certificate. Does…
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Do i have the right to buy my council property?
Hi there Im considering purchasing the home iv lived in with my parents for over 25yrs. (its in east anglia by the way and the purchase price will be £36k, its not been adapted etc and its not a flat or for dissbled use so i dont see why they wouldnt grant the right to buy) Im on the electoral roll there but not the…
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Tenancy Deposit Issues.
Long story short, I've been in my flat for 9 months now. The whole experience has been an utter nightmare with all sorts of issues resulting from general incompetence and mismanagement on the part of the letting agent and landlord. Now that the vast majority of problems have been sorted, I've noticed that my flatmate and I…
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Buying a £95k home with mortgage?
Hi Sorry if this is not the correct place to post, but I have a query re: mortgages if anyone here could please help? I recently sold my house after the breakdown of my marriage and DS and I have moved in with my best mate till I can buy a new place. I have seen some properties I like for the £85k - £95k mark. I have…
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Should I try to buy the Freehold?
Hi all, I am seeking to put my house on the market early next year for about $140k. It is a leasehold property with 920 odd years left on the lease. I've never had any communication with the leaseholder or paid the nominal ground rent (5 shillings a year, I think!). Leasehold houses are very common in my part of the world…
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Capital gains tax
Hi, I inherited my mums house when she died in March 2011 and after clearing the house and working redecorating etc I have just had tenants move in. Only now am I finding out about capital gains tax And its implications - it wasnt mentioned by my solicitor at the time and I didnt know of its existance :/ I am unsure how…
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Should you have your first home by 24?
Just a question, should you have your first home by the age of 24? I am interested to know this as, I am getting nowhere fast getting on the property ladder and being a student for many years. Thanks. :o
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3k mortgage retention on New Build
I have received a mortgage offer from Santander which includes a 3k retention as the road is currently unadopted. My solicitor has spoken to the Builder and their position is that they don't allow retentions and if I want to go ahead I have to make up the shortfall myself. Is this really the only solution? Solicitor says…
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Poised for BTL but how does Tax relief work?
I'm looking to get my 1st BTL. My calcs indicate I'll get about £50 profit per month (based on my investment) which is not alot considering it could easily be wiped out with a big service repair. However, I shouldnt pay any tax on this as the interest on the mortgage, agent fees and insurance costs will provide enough tax…
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extractor fan query
i want to purchase a humidistat extractor fan for my bathroom to replace an existing extractor that doesnt work. i am looking at fans but i am confused as to what to buy because it keeps mentioning ducting and in the case of the link below says it is "compatible with 150mm ducting". As a newbie to extractor fans, how do i…
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New to renting
Hi All, I have just started to rent out my house. I have "concent to let" from the bank, which is in place and a tenant moved in today. I know I am supose to pay tax as this is classed as an income but I dont know where to start? Ive read some things on the HMRC but still unsure where to start? Any help would be greatly…
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Help With Tenancy
Hi Just wondered if anyone could help me. We have recently been looking for private rented accommodation and found somewhere suitable, we contacted the landlord, visited the property (on the 27th August) and on the 28th I signed a 6mnth assured shorthold tenancy agreement. The landlord didn't require any deposit just the…
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I thought "garden grabbing" had stopped?
I'm genuinly puzzled. Only today I saw three of those yellow notices on garden gates, whereby the owner announced the intention to erect a dwelling in their garden. Curious, I checked online with our local Borough ...and blow me down, in EVERY case, the plans for the intended "dwelling" was a whopping great 4 - 5 bedroom…
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Nasty Landlord
Ok so here's my long list of probelms :( Currently letting a house for myself partner and two babies. From the off there's been nothing but problems, we found the property through an estate agents but their job was just to find the tenants nothing more. We handed over £300 for referencing! then the deposit and rent and…
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Advice needed on remortgaging an outright property
At the moment me and my partner own our home outright (£150k) and we are looking to purchase a 2nd home (valued at £165k) which we assume will be snapped up pretty quick as its going for a good price. We will be looking to live in the 2nd Home and rent out our current property to gain rental income. The only problem is…
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Persuading a sweet old lady to sell her house?
Hi, I would be grateful for some advice. In a nutshell there is a house in poor condition in an area I'd love to live in (currently can't afford). However the house is owned by an old lady who owns and lives next door aswell. She hasn't sold for years as she is scared of somebody developing the property into flats which is…
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Local Agent out of business? I wanted to buy one of their properties!
Woke up today and carried out my local Rightmove check. Noticed the total number of properties on the market smaller than usual. A quick check reveals that my local Remax has vanished! They are no longer on Rightmove, their agent pages are invalid and a neighbouring Remax appears to have moved in to the territory. However,…
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Price off a new build?
Hi All, Do you think £6,500 off a new build with interior benefits thrown in (integrated appliances Inc washer/dryer, dishwasher, fridge freezer, carpets and vinyl and turf) is a good enough discount? I would hate to think I haven't negoiated well enough but the agent was proving difficult to negotiate with to start with!…
