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Who can see tenant credit check on my credit file?
Hello, I found a nice property to rent some weeks ago and without thinking went immediately ahead with letting the agent do a credit check on me. The agent told me 5 days ago that I passed the credit check but I then changed my mind as I realised the property was too expensive for me to afford. Unfortunately the agent have…
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Best way to raise finance for 2nd property investment + tax advice
Hi, I'm hoping to buy a property in the not too distant future at auction and would like advice on the best way to raise finance for it and also the most tax effective way of owning it if we decide to keep it after renovation. Let's say the property goes for £100K - I have £50K cash so probably need to raise £75K to cover…
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were we missold our rtb in 2012?
Bit of a strange question here to which most helplines admit hey would be furious if it was then but cant really offer any advice as they haven't come across it before. Put simply at end of jan our rtb went through with the then maximum capped discount of 24k knocked off End of march beginning of april this discount cap…
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Tenancy extension
Hi, I was wondering if anyone could advise. My current tenant has a 2 year AST on my property, and is approx half way through tenancy period. They would like to extend the tenancy for a further 5 years now, and change this to a company let through their own business. I am happy for them to stay on, and would just like to…
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FTB House Offer Strategy
I am very interested to hear from anyone on how they would approach buying a house in terms of making offers. The house I am interested in is listed for 335K but due to updates required which I budget about 20K combined with my strong position as a FTB I was going to offer 300K. I fully expect this offer to be rejected…
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help needed please!!
Hi all! Can I please pick your many brains on investing and saving for my future please? I’m hoping to create a mastermind group Via this forum so I can draw on your many years of experience and combined knowledge. The scenario is this; My dad has offered me approx £25000 as my inheritance (hopefully very early so he can…
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House buying questions...
We have been looking for a house for over a year, but took a break to allow us to save more money so we could go above the stamp duty threshold. I have seen a house pop up on rightmove today in the perfect location at the right price, very similar to another house we looked at but were outbid on. Two questions really: * We…
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Online Auction problems... Who is at fault??
Hi guys I'll try and keep this consice... I had a leasehold property for sale on the convententional open market, 2 prospective sales collapsed, both due to the management company failing to provide leasehold info to the buyer in anything like a reasonable time period, 5 months in one case! I then opted to sell it via the…
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Can the seller accepts two offers?
Our seller has accepted an offer from EA A on the day we viewed the house with EA B. We put in an offer a few days later and got accepted and was told the seller will reject their first offer from EA A. So out EA steal the deal from EA A. We started the searches and have received a draft contract from the buyer's solicitor…
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Telling neighbours how much i accepted for my property
Hi , I accepted an offer today on my property , i am good friends with my neighbours and 3 have already asked me how much i accepted at. i have not responded as i think when they hear the price they will want to put their property on the market as most have said they would sell for the right price but they are all new…
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Damp
Hi All, I've been looking at renting a new flat, although the one I have is lovely and fitted out to a high standard, it's too big, too expensive to heat, and too far away from town. I've viewed a lot of flats in an area near to where I work, nice little seaside town, they're all about the same stamp, tyneside flats. I've…
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housing crisis
hi everyone not posted on anything like this before so please bear with me. cut a really long story short I own outright a 2 bedroomed terraced house through a divorce settlement a number of years ago, I have since had 2 other children with my new partner, one being a boy, we were hoping to sell this property and move into…
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Is my solicitor taking advantage of me-help
Hi My solicitor has sent me all the searches etc paper work near to completion, there are some issues which he has not identified such as building regulations, he stated that they always send the 'Report on Title once we have had all replies and searches in'. Should he not have sent me the search information when he was…
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Implications of parents putting share of new house in son's name?
Hello all. This is actually an old question, but spurred by a thread about parents buying a new house and putting it solely in their daughters name as per here(apparently to keep it being sold for care) - https://forums.moneysavingexpert.com/discussion/4561593 Compared to that, what are the implications of parents buying a…
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Buiding Regulation for work carried out
I'm hoping someone can point me in the right direction if possible, On the property I'm buying, Some work was done in 2005 to install patio doors which meant either: * using existing windows * or creating new exit in wall to install the patio doors. I know vendor hasn't got FENSA but is it an issue if building…
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Accepting that we may lose money or have to wait a long time
Hi, I think I am in need of a reality check here so I'm hoping that some of you can assist. We have had an offer accepted, our vendors told us that they had found a house but then said no they haven't. They have instructed solicitors and now want us to do likewise and thus incur costs even though we have no idea if they…
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Split Referencing
Hi again, Since my last post (I was asking whether I could sell my furniture to a landlord!) I have since been speaking with someone on spareroom who I may move in with, and share a property. My question - we would both be looking to spend £400 - £450pm each, excl. bills, but, this means a £800 - £900pm property. We both…
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Facing homelessness due to delays in purchase
Hi people Hope someone can help. Accepted an offer on my property 12 weeks ago. And had an offer accepted on a purchase 11 weeks ago. It took 8 weeks for the purchased house solicitors mortgage company etc to tell us they had lost the deeds to the house we wanted to buy and they only found them last week. But my sell is…
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Fire in tenants garden. Who is liable? Please help
Hi I am an accidental landlord looking for urgent advice. I have landlords insurance already. My tenant rang me to inform me a fire occurred in my property in the garden plastic storage box that lies adjacent to a neighbours fence. Apparently it caught fire and nobody knows why. It has caused damage to the neighbours wall…
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Dream home how to delay deposit?
I hope you can help... We have found our dream home. Ridiculously underpriced. We are close with deposit... We have 7500 and it would take us 8 weeks to get the other 2500 we need. We view formally next week. Do we need to prove full 10k before we an apply for full deposit. Or would we only need it when we xchange. We have…
