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Private sale whilst having current auction contract with EA
Hi Folks I wonder if somebody could help me to clarify the situation I might be in at the moment. I've had my flat up for sale through the action with EA. Contract was signed over a year ago and after a few actions they never came back with the offers above the reserve. Since then we have had an occasional viewing until…
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Legal conditions in offer letter
I received a written copy of my offer letter today, and besides noticing how huge the amount looks when it's typed out in black and white, there was also a clause that said this: "This offer is conditional on the Seller confirming that no part of the sale proceeds... will be mandated to a third party who is not a relative…
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extortionate premium from freeholder
Hi I completed on a 2-bed leasehold flat in West London this April, paying £425k with 74 years left on the lease (£125 per annum current ground rent). The seller assigned us the right to extend on completion, and so we offered the freeholder £21k for the statutory extension (90 years added at a peppercorn rent). However…
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Seller all over the place
Thought we have found our dream home but it is going from bad to worse. Week one : Seller's flight delayed after his holiday so valuation does not get done Week two : Person doing valuation goes sick Week three : Valuation done Week four : morgagte agreement comes through Week five : can not contact solicitor or seller…
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How much should I sell my house for?
I'm looking for some advice on the price to sell my house at. I've had two valuations (the third didn't turn up so I've left them). The first said £64k or 'offers above £59,950' (if wanting to sell quickly). The second said between £64k and £67k. I really want to sell quickly and want to walk away with minimum £56k net…
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Dilemma...should I buy?
Hi I'm really not sure what to do and after some advice. I am 27 and been with my BF for over 5 years now. He lives in a flat owned outright by his parents (which he is paying them back monthly). He has only been in there since last Oct. I still live at home with my parents -normal in my culture to live at home til…
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Problem Landlord
My AST is coming to an end in the next few weeks, on checking details with the DPS (yes, all 4) it comes to light that the LL has NOT protected the deposit given to him. Of course, no details were passed on within the 14 days period as he hasn't done it. On top of this, LL did not do an inventory when we moved in, and I…
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House not selling - renting an option?
Apologies if this is a silly question. I don't want to ring my mortgage company to ask this as I don't want it going on my file in case it's a negative. We have a house for sale. It isn't yet sold. We need to move due to a new job. If we put this house up for rent, would the existing mortgage on this property mean we'd…
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taking a Landlord to court for tenants actions
hi we are owner occupiers with next door being privately rented from a local landlord with a number of properties There is a letting agency involved but only on a collecting rent basis Essentially we have had a lot of problems with the tenants loud arguments, swearing at each other late into the night and finally a rather…
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Home buyers survey delaying things...
Hey guys, Last week we had an offer accepted and got our ball rolling! We've applied for the mortgage, and today just found out the date for the home buyers survey, it's not for another 3 weeks =( Just wondering how this can delay things, what happens in the meantime and what happens after it? Cheers
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Incentive for tenants to leave early?
I'm buying a house that has tenants living there until the end of august. I was wondering if anyone had experience of offering a cash incentive to tenants to get them to move out a month early? I'm not sure if this is a legal thing to do and what the etiquette would be? Any advice appreciated thank you.
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Advice for seller - damp and woodworm on survey.. is this a deal breaker
Hi I'm hoping for some advice as I'm a first time seller. The buyers of my house (which is a 1905 stone built terraced house) had a home movers survey done 3 weeks ago and have just come back to me saying they want to come and see the house again (they're FTB's and I believe they're bringing her Dad who is a builder)…
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Part ex on a part ex?!
Can anyone advise, is it possible to part ex an existing property for another that itself was taken in part ex? There is a house for sale that we are interested in but ours is not yet on the market. The house we've seen is a part ex and the builders would like a complete sale ASAP. We woud need to sell ours in order to buy…
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15% vs 20%
Hello moneysavingexperts! My husband and I currently rent a 1 bed property in north London. We're saving for a deposit and we are hoping to buy in 2014/2015. I have worked out we will have enough for a 15%dep on a property valued at 210,000 plus fees to buy next summer. If we continued to save at the same rate until 2015…
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Leasehold valuation tribunal
Hello all, I have accepted an offer on my flat, the proposed buyer had a survey, I filled in the initial 6 forms. Searches completed, a few more queries before exchanging contracts hopefully next week. It has taken 8 weeks up until now mainly because of a takeover in management company. Just when I was putting it on the…
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30 years to save for a deposit!
Sorry if this has been posted elsewhere - I heard on the news today that it takes on average 30 years to save for the deposit now. :eek: I'll be sticking to renting for the mean time then :( http://www.mirror.co.uk/money/personal-finance/house-prices-first-time-buyers-need-1962846
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What a mess...Can estate agent enter?
Hello, I have suddenly found out myself in a messy situation and wonder if I can get some good advice here? Me and my husband (who I am divorcing) are renting a house through an estate agent. Our 1-year contract has expired and now the agency are chasing us for a renewal fee. We don't want to pay again and instead want to…
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Auction finance
I am in the process of taking out a further advance on a property i have which is about to be rented out. In the mean time I have seen a flat that is going to auction in 2 weeks time. The mortgage broker says it will take between 4-6 weeks to get my money from the property i am mortgaging. If everything went perfectly i…
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Mortgages for Auction
Hope this is the right place for this. We're looking to buy a house, and as we're not afraid of DIY we've started to think that buying at auction might be a good option for us. We've been saving up, but we are not cash buyers, so we would have to get a mortgage arranged prior to auction. We've done a bit of research and…
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Deposit and making rental good
I'm leaving my rented property as its been repossessed and sold. The EA who sold it have told me the new owner is going to rip it apart and redecorate, knock kitchen extension down and re build it. LL who is receiver isn't really bothered about the house as there has been no money to do all the outstanding jobs. Letting…
