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Why rent to people on Housing Benefit
Need some answers for a friend please, NEW LANDLORD. If he rents out his house does he need to inform other deptartments of his extra income: (child benefit dept., tax credits, council tax) or does the housing benefit department automatically inform them? Is the landlord allowed to paid directly into bank account or does…
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Cheap Studio Flats in London
Does anybody know of any good agencies or websites for finding cheap studios in London? I'm trying Zoopla, Right Move and Gumtree, but half of them seem like scams or like they're not longer available (especially on gumtree!) A lot of flats available on these sites are from "london studio centre" which just looks like a…
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Tenants want to end contract within the AST
I rent out a single property, the tenants (a young couple) renewed the ast last October. They signed up to a new 12 months contract running from 1st November 2012 to finish end of November 2013. Tonight we received a call letting us know that they have split up and wish to end the contract/vacate the property. In fact the…
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Declaring Rental Property late
I have a rental property which has never been declared for 12 yrs. I'm not making excuses and I know it's wrong however the property has never made any profit from rental. In fact if I've calculated the 10% furnishing allowance I've made losses of a few thousand. From last year it has started to make substantial profit…
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Property unoccupied between tenants and council sent court summons for payment??
I currently rent my property out through a letting agent as I live a few hundred miles away from the area. All documents should be correct and the letting agent take care of the tenancy agreements, including a clause which states that the tenants must be bring mail that comes for me to the letting agents within a certain…
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Vendor Delaying Exchange & Completion
Hello All, So, we are in a position to exchange. Our house is sold to a FTB who wants to move in on the 9th, we agreed to this but now the vendor we are buying off says they are refusing to exchange or even agree a completion date until they've found a house they like enough to rent! We didn't really see this coming as…
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Does house buyer's insurance exist??
I have just had an offer accepted on a house. It was previously on the market but the sale fell through. I'm a bit worried that our sale may fall through and have read that one in 3 sales do fall through. I've heard that you can buy 'buyer's insurance' so if the sale falls through you are reimbursed for solicitors fees,…
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Bills and outgoings.
Hi All, Im looking at moving at relatively soon with my partner and i want to roughly try and work out the cost of all the outgoings such as mortgage, council tax, Gas, Electric. What other things are there to consider? and how much would they come to for 2 people in a 3 bedroom house. Any help would be amazing. thanks.
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Breach of Restrictive covenants
Opposite our property their is a field of which the owner has been illegally parking around more than 10 cars and crates with livestock. I have complained to the council, but trading standards department will not pursue the issue despite photos of cars, trading and a diary of events. The council have also advised owner to…
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Seller pulled out
:( Had offer accepted on a flat about month ago. Not long paid for searches ( £250 ) and EA informed me that seller withdrawing due to "personal family reasons " EA cant even charge seller anything as apparently it hadn't gone far enough down the line to enable that. :( Only crumb of comfort is that solicitor said she had…
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Can I sell flat to my partner
I have 2 flats which I let out whilst my girlfriend and I rent another property. However I now find myself in the position of needing to release some equity, and have decided to sell both properties. My question is, can I sell oe of the properties to my girlfriend with the intention of us both moving into it once she buys…
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Cousin sold her house and now unable to get mortgage to buy another
My cousin, 51, has sold her house and moved in with her mother temporarily while she looked for another. She had her kids quite late - they are aged 8 and 6. As her house sale went through her long term partner, the father of both kids, left her for another woman. She has now found a house she wants to buy but has been…
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Has anybody used a Property Mentor?
Hi folks Has anybody ever used a Property Mentor? If so, was it worth the money spent? Or do you feel that the same knowledge could have been obtained elsewhere cheaply, or even free from the internet!! Thanks
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joint mortgage
weve put in to buy my council house we both have the right to buy but im named as tenant (u can no longer be joint tenants ive been told) so the mortgage has to be in joint names only need £25000 but because of my credit score (i have 2 defaults on it ) no one will give us a mortgage yet my partner can get 1 in his own…
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Homebuyers Report or FSS?
In the process of buying our first home. Mortgage valuation is booked for next Tuesday so we're looking at getting a survey booked in for soon after (mortgage valuation result dependent...!) We have initially got a quote from FridaysMove (anybody heard of/used them?) £360 for a Homebuyers or £440 for Full Structural…
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Ending tenancy and notice
Hi, sorry if this is a stupid question but I'm trying to work out what date I need to give notice to end my tenancy agreement by, and what I still need to pay, it's confusing the life out of me! Been in the flat for 14 months, signed the tenancy agreement on the 9th of the month. Rent, however is paid on the 15th of the…
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Capital Gains Tax on sale of property
I would be most grateful if someone could advise on my situation. I have a flat that a bought about 17 years ago for £75,000. I lived in the property for 11 years then moved in with my parents and have rented it out for the last 6. I have now given my tenants notice and will be putting it up for sale on 4 September. The…
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Watton, Norfolk
Anyone live or recently lived in this market town? You seem to get a lot of property for your money, is their a reason for this? :beer:
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Subletting Rooms
Hi All, Just after some advice / experiences. My wife and I have just bought our forever house and the month after she has lost her job. Fortunately there is overtime at my work for the foreseeable and we have some funds to see us through. We bought our house to start our family in and with the long term in mind so were…
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Short term lets - occupants causing disturbance to other leaseholders
Situation overview – share of freehold house converted into 6 flats, each leaseholder owns 1 share in management company which owns the freehold. Myself plus one other are owner-occupiers act as directors of the management company. Other 4 flats are sub-let to rental tenants. Location is Westminster, central London Owner A…
