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Offers/viewing etiquette
I haven't used this forum since last time we bought a house so please be gentle with me. A bit of a story to start which hopefully will help you understand why I am asking what seems like a simple question. Our house was put on the market just over a week ago. The first viewer immediately offered the full asking price, had…
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Term of mortgage versus Year remaining in Employment - does it matter?
I'm thinking of taking my first step on to the property ladder, but am slightly more advanced in age, being in my 30's. I was wondering if there is such a factor taken into consideration by mortgage lenders as the length/term of mortgage versus the number of years until retirement. For example, if I want to take out a 35…
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repaying open market homebuy loan
So, this is troubling me a little. We've got an open-market homebuy loan, through Metropolitan Home Ownership, rest of our mortage through Yorkshire Building Society. We're selling our flat. In order to repay the homebuy loan to the government, we need to have a valuation done, and our lender (Yorkshire) arrange this. They…
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Exchange delayed until Monday
Hi all, Here's an update as to where I am in the process: I am a FTB who has purchased a house from a couple who have purchased a house from another couple who have separated (empty property). So 3 in a chain. All searches etc done and completion date agreed amongst all 3 parties for Friday 21st June 2013. Exchange of…
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Weekly rental
Hi, I was on periodic tenancy, due on the 23rd each month. Made an agreement with my landlord that from 23rd of this month, I would move to weekly lets as I am due to move out soon anyway. They have advised that once we move onto weekly lets, a week notice period applies to both me and them. Whilst originally this wasn't…
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Home insurance from exchange
Due to exchange this week, told by solicitor to have buildings insurance in place. Spoke to one on the phone, he said they can't insure from exchange, only completion. They claim its due to the property being unoccupied (by me) during this time. Anyone encountered this before? Thanks!
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Leaseholders share responsibility for upkeep: but no formal structure?
Hi there, I was hoping to get some advice: I am looking at purchasing a flat (leasehold). It is a ground floor purpose built maisonette in a 100 yr old terrace, and responsibility for the structure / roof / exterior of the building falls to the two leaseholders (of the first floor flat and ground floor flat). There is no…
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Building an extension, quotes
Hi I am currently in situation where I put my flat on mkt last week but due to high volume of interest, am realising its on for too low an asking price. However I have also lost faith in my EA and don't want to look at sealed bids etc due to conflict of interest concerns I have due to an EA in same firm being very pushy to…
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Purchasing BTL keeping current tenant (Scotland)
I'm in Scotland. OH and I are relatively new LL's with 1 BTL. We would like to purchase another soon and have been to view a property last week. It is currently let out to a tenant who (I will seek confirmation and proof) is on a SaT of which the initial period has ended and they are now renting on a monthly basis with 1…
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Service Charges and Ground Rent Paid in Advance by Seller
Hi We are in the process of purchasing a leasehold flat and received an updated "financial statement" a few weeks ago showing expected costs. On there was "SC and GR apportionment" which when we looked into it, found out this was an estimate of what the service charge and ground rent payments we will have to pay when we…
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Completing the PIF
I am really worried about completing my PIF correctly and not clear on a couple of the questions. Does anyone know of a clear guide to PIFs that would talk me through it? In particular, I'm stuck on these ones: Q about electrical work since Jan 2005 - I bought the property in mid 2005 and haven't had electrical work since…
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Feedback Needed
What could you do to this frankly rather 70's looking frontage? Would those horrible window shutters come off? Is it worth it? http://www.rightmove.co.uk/property-for-sale/property-41546228.html
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Remortaging to BTL when overseas
Hi, first time post here. My wife and I own a 1 bed flat in a listed building in Edinburgh since 2005. A couple of years ago, we moved to Sydney via a secondment with my work. Whilst we were away, we let our flat (and still do) to a friend of a friend, whilst remaining on a residential mortgage as we thought we would be…
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DIY Completion of Stamp Duty Tax Return Form
Hi, I would like to complete the stamp duty land tax form myself as my solicitor will otherwise charge me a fair bit extra to do it. :( Could you advise whether it is easier to do it online or by hard/paper copy? Also do you think I will find it difficult given I am computer literate and have completed income tax returns…
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Can we sell privately while within EA contract?
Hi I just wondered if anyone knows the answer to this please? We have a maisonette to sell which has been on the market for about two months now. This may not sound very long but i got the impression from the Ea that it would sell quickly and their average selling times for properties is 21 days!!! We have reduced the…
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Estate Agents, conflict of interest
Hi Can anyone give me some instances of how/where there could be a blatent conflict of interest in situations where employees at an EA who is marketing a vendors property (though based at a different branch) put in an offer on it? Is consideration in accepting these offers, even at asking price, just to be avoided at all…
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Advice please FTB in Scotland
Hi, any advice would be appreciated. We are first time buyers & finding everything a bit daunting. We have seen somewhere we like & are going for a 2nd viewing tomorrow any advice as to what to look out for. Also the house was put on the market at offers over 95000 a month ago then reduced this week to offers over £90000…
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Any Advice would be much appreciated! House tenant terms...
Hi there, I just wondered if anyone could provide any light as to what action could be taken with my friend's landlady. She has recently moved into a shared house and is currently renting a bedroom and bathroom on the top floor. In the original advertisement, the room is advertised as "private bathroom: Yes" and "renting a…
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Just moved into new house help please
Hi ive just moved into a new house today and changed councils. For council tax ive had a bill and they are asking me to pay the full 12 months money. Is this right when we are two and a half months in the new council tax year?
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Save until October or buy now
Hi all, I have saved a deposit for a few years and would like to save a few thousand more before buying. So at the moment I have enough of a deposit (plus a mortgage) to get a half decent 1/2 bed flat. If I saved that little bit more (which will take 5 months longer) I can afford a 2 bed house which is my preference for…
