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Calculating property rental yield
Hello i'm seriously looking into investing my money into property however am stuck at working out the yield, unfortunately i don't have 100's of thousands of pounds so i will require a buy to let mortgage to do so, when working out the yield do you include interest on the mortgage in the property value? Or just the…
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parking issues and skip, advice needed please
We have a skip arriving tomorrow with a permit for the road. We have a drive, but no car. We were planning to put the skip in front of our drive along the kerb. Two cars are parked very tightly to the edge of our kerb (one slightly over our dropped kerb). There is no room to get a skip into the gap. Both cars have been…
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Ideas for a new Kitchen for 5, in Buy to Let
Hi Needing some ideas for kitchen designing for 5 persons in a buy to let. Its going to be a newly fitted kitchen so I'd like to get it right first time. Chatting with friends has already given me these ideas... - Double drainer sink - Fridge with at least five separate shelves But what about how many pan drawers, ovens…
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Property- advice please
Any advice would be appreciated I would like to buy a property in my name solely or with another family member- this will be rented out to a friend or another person. I would then like to buy a property a few years after with my husband on a joint mortgage. How would a mortage work in this situation? I am clueless when it…
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Someone i know about to have home repossessed.
I know someone that has just had their home emptied by bailiffs and now faces repossession next month. I buy property anyway, usually as HMO houses. I wanted to see what options there might be for me to help this person out at the same time as grabbing a bargain property. Im no expert on the financial jargon i simply know…
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How long does it take to get valuation/survey done
Hi, I am after some advice please. My elderly parents have very quickly got their house under offer - and the EA is pressurising them to instruct solicitors; however they do not want to incur legal costs should the sale fall through early on, so have said they will only instruct the solicitors after the valuation/survey is…
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Buying Parking & Flat Separately - Managing Stamp Duty
Hey, I have found a flat and it comes with parking. The vendor is looking for £270-275k and the flat includes a parking space. I want to buy but the price is above £250k, I will be charged the stamp duty. I wanted to know if it's possible to buy the parking and flat separately so as to avoid paying 3% stamp. Anyone have…
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Renting/buying a normal or static caravan
I've had a search of the forum and can't seem to find anything so I apologise as I know this has probably been asked before! My partner and I are trying to save money and we're currently living in shared accommodation as we can't afford our own place. We're considering saving up for a static or caravan renting a static. I…
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Landlord repaired our gas boiler
We are in a bit of a predicament! Yet again out heating broke down two weeks ago. This is the third time its happened in just under two years. We have finally come to the end of our tether. Its taken two weeks for the engineer to locate and fit the repair items to an ageing gas boiler in the property. On previous occasions…
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Help pleas access to garden
Hi, My parents have been renting for over 25 years a first floor flat they do not have a contract as been on good terms with landlord...... Her son now owns the house as she is too ill to manage the place...... They have done all work on house sense moving in and had low rent ...... The sons wife has now been putting the…
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Will I ever be able to buy a house?
I find myself in such a predicament as I am CLUELESS when it comes to finances/mortgages/the value of money. I'm 29 years old, I'm on 18k a year (works out at £1, 200 per month), I have roughly £40, 000 in savings, I drive a mini one and spend about £40 on fuel a month, I have no debts or loans to pay off... am I in a good…
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Tenant breaching tenancy agreement
I'm a newish landlord and would appreciate some advice/comments from those of you with more experience please. I have a tenant who is obviously smoking in my property despite there being a no smoking clause in her tenancy agreement which I pointed out to her & despite my reminding her on at least 2 other occasions! I was…
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Buying a house for a relative
My sister has some surplus cash and wants to use it to buy a property for our parent. Does anyone have experience of doing this and what are the potential problems?. The property is £120,000. She is unsure of the best way round the potential purchase of the property with tax implications, giving the money as a loan, whose…
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Moved In, Now have previous owner energy bills....HELP
Hey everyone, So I moved in on the 26th, after celebrating we went round to all the meters and took photos of the reading on that day! I contacted all the DNOs and Meter register and none could tell me who the supplier was. So I chose Sainsburys as my supplier after price comparison and they took it into hand. They are now…
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Agent wants to see my ID
Hi all First Time buyer here so probably asking the obvious...... I have after some months of negotiation agreed to buy a lovely 3 bed semi :T Got a letter through the post from the agent saying they need to verify my ID! Bit confused really as I thought only the solicitor needed to do this. The particular agent is known…
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Selling or extending - am I missing something?
Hi there - we live in a 3 bed property and have planning permission for a 2 storey extension which should give us a lot more space (growing family). We're having loads of delay in getting started, finding a builder for a start and a friend of mine has suggested that we move instead of extending. I don't really want to move…
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Where to send notice?
I'm preparing to hand in my notice on my current rental property as we are in the processing of buying a house. The tenancy agreement doesn't have the landlords address on it at all, but I do know what this is. The address for serving notices is the letting agent who advertised the property. The problem is, the LA and the…
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Help please !!!
has anyone been accepted to rent with poor credit ? and what was the process you had to go through ? or did it in the torquay area and can put forward someone who would accept ?
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i dont know what to do !!!
hi me and my partner are looking to rent but i have poor credit but earn between 1100 - 1300 a month but my partner credit is perfect but is only in part time. i can easily afford a place on my own but with her its just extra. is there a way we could rent at all. please get in touch
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listed house - window worries
Hi I am in the process of buying a grade II listed house. It's in great condition but have notice myself one potential major problem. There are 3 windows that have double glazing in. They are still wooden framed and potentially would go unnoticed in all honesty as they look the part - you would have to look very closely/…
