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Sharing homebuyer survey
My boyfriend and I are currently in the process of buying a new home. We have received our mortgage offer with the basic valuation being the purchase price. However, our homebuyer survey has been completed and the surveyor rang me to advise that the valuation of his report would be approx £5k under the price we offered,…
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consent to let
Does anyone know anything about applying for consent to let on an existing residential mortgage? I would like to know how long you have to have had the mortgage before most lenders if any allow this. I work away a lot and do not want to be restricted should I ever want to let the property out for a year or so. Thanks Helen
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Complicated sale of inherited house
Ok here goes.....my mother has inherited a property which needs to be split between her 2 sisters and brother. My parents want to move to this property so need to buy out her siblings, in order to do this they need to sell the family home. They would rather sell the home to me, but unfortunately I do not earn no way near…
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how to know the true market value?
How do you find the true market value of a property you want to buy so that you can make a good offer and not over pay? I have been looking a websites such as Zoopla and mouse price however what is really the best sure fire way to find out the true value of the house you want to make an offer on. Is it through and…
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How to covert residential home into a let?
I am looking for some guidance on how I can turn a residential home into a let while I go to work abroad for a year. I would like to buy my first home in the next few months however I am due to be posted abroad for a year. I do not need a buy to let as I will be coming home to live in a year or so I just don't want my…
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Rent query
Hi all, I have a 6 months sub-tenancy agreement and I am unsure as to how paying my last months rent works, so any help would be appreciated please. I signed the agreement on the 12/01/13 and paid my first months rent in advance plus a deposit. Now the agreement term is the 12/01/13 to the 12/06/2013 So I have paid for the…
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Reducing the price of a house by £50.00
Emmmm, is this to create more interest by reducing the price to 219,950? We are going back for a second viewing and I noticed today the generous reduction! WHY?
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little advice please
Hit a bit of a snag the house the the problem being is the people who own the house we are buying they have found their house . But the woman who own it is in a rush to complete buy the end of this month. Hubby and i want to complete around june. As my eldest son is sitting gcses . I and the owners have been in contact…
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Living with friends...
Hello, I currently live in a rented property with my husband. We have a combined income of £18,000 and I recieve DLA, and as a couple, working tax credit because of my own disabilities. Our friend has recently separated from her husband, and lives in a rented flat with her daughter. She is financially independent and…
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Mortgage affordability problem to do with monthly expenditure planner
I'm looking for a mortgage of £98k with a deposit of £28k available and the financial advisor I went to see said no problem, then he asked me to fill in a monthly expenditure budget planner. I took that to mean I needed to account for all my expenditure because the form included savings, planning for holidays Christmas…
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Selling house: Who pays for repairs?
Hi, I am selling my half of a property to the other owner. It is currently let out through an agent. I have been the one dealing with the agent so I know that the house needs a new boiler and a lot of electrical work as it is currently unsafe. I have informed the co-owner of this and we agreed the works needs doing. Sad…
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Failing to disclose on buyers and sellers form - help please
My husband and I purchased our house 2 years ago. The vendor failed to declare there was a mobile mechanic who lives 3 doors away. We've experienced quite a lot of problems with this chap. The searches that were made did not pick up this mobile mechanic. We feel that if this was disclosed to us at the time of the purchase,…
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Today The OFT Market Study Into The 'Quick House Sale' Market
Hi Im not sure if this OFT press release has already been put up on here somewhere so I have given it a go - Interesting stuff really and worth a read http://www.oft.gov.uk/news-and-updates/press/2013/35-13 Too late for a fair few anyway I would bet. Will this 'study' actually change anything for the vulnerable consumer?…
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First time selling house
Hi we are looking at selling are first house i have heard you can move your mortgage to your new house is this true?? And would we just need to pay the differents?? Or how does it work We are looking at selling are house for £95,000 and are looking at house around the £135,000 so could we move are mortgage or would it be…
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Agency fees & selling privately enquiry..
Hi wonder if anyone might be able to shed some light for us? My friend has lost her selling agreement and currently has her property up or sale. She thinks she needs to give 28 days notice to take her property of their books. In short she has had several viewings, a very poor offer of 12k less than the valued price, and…
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Waiting to Exchange...
Holy moly! I have no patience left at all. Exchange is suppossed to happen today or tomorrow! Our solictor is ready, as is our vendors solictor.. So... its all waiting on our buyers solictor. Called the estate agent 3 times so far today and still no call back with an update. If they havent called me back by the time i…
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Mould in Rented Accomodation
I have been living in a private let (short assured tenancy) for a year and a half with my partner. During the winter some mould started to appear in the bedroom on the exterior walls, ceiling and in the wardrobes. I contacted my landlord at the weekend and he agreed to pay for a contractor to fix the issue. The property…
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Renewing contract
Hello! Long time lurker, first time questioner - I've encountered a spot of bother with Bairstow Eves (surprise surprise)! Background to problem: Our original tenancy contract finishes on 29th May 2013. We have received a letter from Countrywide (Bairstow Eves representatives) stating that we must either move out on that…
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Previous landlady will not release deposit.
I moved out of my house that I rented for 5 years and the landlady will not release the full deposit. This is really getting me down, I left the property after she told me she wanted to sell it and severed notice, of which the first time she did it was not valid according to the Housing and Homeless team in my town. I got…
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Chancel Repair Liability
Hi All We are buying a house and our solicitor has written to us advising us to take out chancel repair indemnity insurance. Apparently there is an ancient law that means some home owners living in a parish church boundary may be liable to pay for repairs to the chancel within the church. It's not expensive insurance and…
