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Changing Property Manager...too easy?
Hi all, We have had some trouble over the last few years with our property manager, general sloppy service and issues with (huge) deficits at year end. Being a large new build block of flats, we assumed that the only real way of changing the property manager was to RTM, costing money and (a lot) time, or lobbying the…
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Thinking of a BTL, what have I forgotton?
My 19yr old daughter has been left £20k,we are planning to use this as a deposit for a btl. We have found the house, have sourced the mortgage via L&C, her name will be on it as she works part time with me a guarantor. This means she can have the rent tax free as it will be under her personal threshold. Things we know. She…
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Fast house sale reccomendations
I,d like to sell my house quick but not impressed by the companies I've contacted so far could anyone reccomend any decent companies thanks
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Refused viewing on an advertised house.
I recently have put my house on the market. £40,000 under the estimate. I have had 6 viewings on this in a month with interest, but no-one buying yet. I have viewed a few houses around the area i want so i know which to go for when sold. On ringing one estate agents with me wanting viewing as its been on the market 3years…
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Help me make sense of the figures...
I need some help clarifying things please. I have available to borrow up to 143k Equity of 27k We have just had a second viewing on a property listed at 159k this is in need of a whole new kitchen (we couldn't live with it for longer then a couple of months) and it needs a bath fitting (shower only but plenty of space) I…
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What is the best course of action?
I am currently renting with the tenancy coming to an end on 25th August. I have a viewing for a potential property that I would be interested buying tomorrow. The owner seems to be keen to sell immediately My question is therefore what should I do - if I don't extend my tenancy and the purchase falls through then I will be…
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Lack of 10% deposit at exchange of contracts?
Hi, We are hopefully close to exchanging contracts. Our deposit is coming from the equity in the house we are selling ( we only need to borrow 60% of next house value). We only have enough cash savings to pay for our stamp duty and solicitors fees. Does this lack of cash deposit mean that we will have to exchange and…
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Renting, moving to a new flat, some questions...
Hello, Ok, so this is my first time posting on these forums, but I often read them for information and guidance. I'm currently in the process of moving flat (at short notice) and have a couple of questions I could use some help with. 1, I'm currently with Virgin as my phone and broadband provider. I phoned them up to…
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Withdrawal Fee
Hi, I'm hoping someone can give me some advice. I've had my house on the market for around 3 years and I've had very little luck with even getting viewings. I think I've had 4 viewings in this time. Now this seems extremely low to me. At the end of last year I decided to do a large amount of home improvements and my estate…
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Everything is on my landlords terms?
Am a long term renter (17 years) in which time there has never been much trouble with them getting them rent and also i have done alot to the house, added extras etc, made it nice to live in. The house has no mortgage and is owned by a lady who owns several they were handed down to her so they have paid for themselves…
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Renting, flat for sale - discount?
I've been renting my flat for a few years now, and 2 years ago the landlord informed me they wished to sell the property. Obviously they wish to keep me here until they sell, and offered me a generous reduction in order to tempt me to stay (initially about 25%). I agreed. The flat remains unsold but on the market. I think…
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Why most houses don't sell
As someone involved in the property industry I see a lot of people who are bemoaning the fact that their property has been on the market for months - or longer - with little interest from potential Buyers. Invariably they blame this on "the market". "The market" is tough, of that there's no doubt. But there is a market…
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Stamp Duty - Can we request that the vendor pays?
We offered £123k for a property on the market at £138k which has been rejected - they will not go below £135k. It has been up for sale for 6 months initially at £145k then £140k. My issue is not so much with the price but having to pay stamp duty, the EA said that we could offer X amount and request that they pay the stamp…
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Site Property Management company charge for seller 'info pack'
Hi, I am currently selling my property and my solicitors wrote to the management company that manage the Persimmon site with the following questions: Please can you confirm if there is any notice fee payable? Please provide the last 3 years accounts. Please can you confirm if you require a Deed of Covenant and if so what…
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New-build properties
A young FTB relative is looking at a new-build flat and wants to put in an offer a few thousand below the developer's asking price. The development of 88 flats went onto the market one year ago and there are 12 left unsold at the mo. Would this have any bearing on the developer's flexibility on price ? Is it the "norm"…
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Two possible properties - one mortgage application
Hi everyone, My partner and i are first time buyers. We have been looking for a flat for over two years on and off and finally found one that we both love. We made an offer subject to survey which was accepted and are now in the process of waiting for the mortgage evaluation survey. In the mean time, we continued looking…
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First time buyer - valuation advice?
Hello everyone. My girlfriend and I are first-time buyers. Over the weekend we started viewing properties together, and we really liked a place so we put an offer to get the property off the market. The offer was accepted. We offered 147k on a property listed for 150k. We're still happy with the thought of that property,…
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Hunting Fixed Rate Mortgages
I have had several "mortgage advice" discussions with mortgage "advice specialists" (i.e. resellers), they all have pretty much the exact same mode of operation. They try to woo me with an "interesting" fixed rate mortgage (2 to 5 years), and they never mentioned what the rate after that is. Then it looks as if I dropped a…
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Another survey question...
After some opinions, wondering if I'm not considering something. Looking at a distant family member potentially undertaking survey, they are a chartered surveyor. We haven't yet established if this will be done formally or informally, ie a written report or a casual chat. Do I need a formal report, is it something I'll…
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Do I choose homebuyers or full survey?
I need a survey for a house with a large tree in the garden. Its roughly 30 years old (house). Would I be better having the less expensive homebuyers survey, expecting to have a pay for a 'tree person' (sorry, don't know the term) to check out the tree. Or a more expensive structural survey (don't know if they check for…
