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New Freeholder of building - how do i arrange insurance payment from leaseholder ?
Hi, I've recently purchased the ground floor and basement of a Victorian terraced property at auction. The purchase included the freehold to the building which has 2 additional flats above. I complete on Thursday and need to arrange for the buildings insurance. What's the usual way to do this ? Do i get quotes and show…
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Mortgage lender offers free conveyancing
Hello, I'm going through mortgage approvals for a house I'm buying next month. My potential provider, Abbey, has said that I get free legal with this mortgage and so they will do the conveyancing. I'm not sure quite why but I have a bad feeling about it - I already have a solicitor I trust who's handling the sale of my…
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How often should a buyer contact EAs?
Upon registering with most EAs in my nominated areas I found it was non stop couple months back but find now I barely get new properties mentioned so I call them few times a month but not much response so I wonder how often I shoudl hound them? I've only seen 6 places and that was really down to me looking on rightmove,…
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How long would you wait for vendor to find a house?
Some background info: Offer on house was accepted mid March. Vendor hadn't found anything to buy but was actively looking and committed to moving. Mortgage application was just waiting on the survey which was booked and date arranged. Survey people went to property and were turned away by vendor saying she hadn't yet found…
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Interested in Buy-to-Let
Hello All, I am looking to get onto the investment ladder, and myself and my wife have decided that we would like to become landlords. We have set a budget for a 2 Bedroom flat of around 200k and we could meet half of the required 25% deposit in cash. My research has led me to believe that a 2 bedroom flats very popular…
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When do mortgage payments start
How does first mortgage payments work? When I rented I paid a month up front, when we compete and get keys when will the first payment be due?
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Selling Property With Sitting Tenants with NO Tenancy Agreement! HELP
Thanks for your help
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Survey valuation lower than offer
I offered £167500 on a house up at £169000 Survey was done Friday and had nothing much other than the usual get electrics checked and a possible damp patch. The surveyor valued it at £164000 not subject to any work being done, that's a final figure. They will now only lend based on £164000. What happens now?
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gurarantor
some places ask for guarantors which is annoying. .1 said since i am self employed they would need a guarantor . any places who dont ask for it? would the guarantor just sign something? i am responsible for rent and wanna make sure i can always pay it , not ask someone else
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How long does the landlord have to notify you if deductions will be made from deposit
Hi all! You may have read some of my posts re my 'lovely' landlord! Anyway, we have now moved and on check-out the lady from the letting agent told me that the 'landlord was on the war path' (because we didnt agree to the rental increase of 15%!!) and that she had been told to go through the house with a 'fine toothed…
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High trees close to property
I hadn't really considered this until I was asked the question whilst obtaining home insurance quotes; we have several trees that are higher than Victorian houses at the bottom of our garden and at the bottom of neighbouring gardens. Being Victorian town properties the gardens are the typical small strips and to the eye…
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Want to buy a new house but dont want to sell old house!
Bear with me on this.....this is quite complicated. I am looking to buy a house up north, yorkshire area. I currently own an ex council house in the Oxford area which I brought for £60,000 apparently if I sell it I can sell for £150,000 roughly £90,000 profit which would give me good equity to buy a property in the cheaper…
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Rent: Leaving Early
Hi folks, after a bit of help. OK basically we rent, been here 5 years and in January signed a fixed term 1 year lease. Problem is we desperately need to leave, we have really noise neighbours each side and behind us. All we hear is crying babies, shouting and drumkits. My wife and I both work from home and it's draining…
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Buying a house that had subsidence
Hi all, We have been looking a purchasing another property. We have had an offer accepted and went round to look at the property again on Saturday. After walking around we noticed that more work needs doing to the property than expected !! But what really took us by surprise was when we were talking to the next door…
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survey before mortgage and conveyancing
Partner had offer accepted on house. Can you instruct surveyor (homebuyers report), prior to arranging mortgage and instructing solicitors? I suppose you would need agreement in principal for offer to be accepted. The property in question I believe has a few issues which will need to be identified by surveyor and offer…
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Selling but not wanting to buy another home
Hi I am eight years into my mortgage (which is a 30 yr mortgage), but I am considering finding a privately rented accommodation. I have repayment mortgage. It was 100% mortgage with northern rock - now NRAM. Will I end up in any debt if I sell? The house does not seemed to have increased in value much since I bought it…
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One bedroom vs two bedroom - which is easier to re-sell?
I have a decision to make between purchasing a one bedroom flat in a very nice area versus a two bedroom flat in a less nice (albeit still OK) area. I'm keen to ensure that I have the largest possible pool of people for resale purposes, even though that may be 5+ years away. In general, is it easier to sell a one bedroom…
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Removing charge from deeds
I had a large business loan several years ago which was secured against my home by a second charge. Unfortunately I had a serious accident which resulted in my having to close down my business and of course, the bank called in the personal guarantee which I have personally been paying for the last two years. I am now in a…
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Instructing a solicitor - house purchase
My fianc!e and I had an offer accepted on a property last week. We have submitted the formal mortgage application on Saturday, and mindful of the bank holiday weekend, we don't anticipate any progress this week. It's a 95% LTV, so we're not anticipating an easy ride. At what stage should I instruct solicitors? We have a…
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Renting 4 bed house, can I have a permanent guest?
Hi, I am currently renting a 4 bed house from an estate agent. They have done an inspection recently and are very happy with the house, but they did mention that as I had a guest staying indefinitely this was not allowed! The guest is my brother in law and just come back from Uni. Does not pay rent but needs a place to…
