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Transferring of Equity to Pay off Home Mortgage
Hi, Wondered if anyone might be able to advise on the below. I currently own 2 properties (as below). I currently live in Property A where the mortgage is quite low & manageable. I have the intention of moving to the other house, to eventually live there and make it my main home. I will then rent out House A on a BTL…
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First time buyer - budget areas in London
Hi all I'm hoping for some advice on areas to consider buying in in London. A bit about me, and my criteria: - looking for a property under £250,000 (stamp duty purposes) - preferably with two bedrooms - zone 2/3 - hopefully close enough to cycle to work - I currently work in the city and am in my mid-twenties - planning…
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Bills - help!
Hi, Hoping someone here can help me… I’m preparing a budget for myself and my fianc! as we are moving into our new house soon (if the solicitors ever get on with it). I know what our mortgage and council tax will be but I need to get an idea of what water, gas and elec should be. It’s a 4 bed house but currently two…
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What information should we receive when reserving a new build property?
Negotiated a purchase price but the house is not finished yet. Handed over the reservation fee on Saturday but didn't receive anything at all. It's a small developer - cheque paid to estate agent. Emailed to ask should we receive any reservation documents and were told we would receive a pack on completion??
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Renting In North London - Letting Agent recommendation, advice and safety
Hello All! I am looking for a minimum of a two bedroom property to live somewhere around the Kentish Town, Gospel Oak, Belsize Park, Hampstead Heath, Finchley Road and Frognal and West Hampstead areas (basically on that section of the Overground/orange line) My girlfriend will be there half the time by herself and has…
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FTB Advice Needed Please
Hello, I'm buying and selling for the first time on my own, my late husband dealt with the purchase of the house I'm in and selling. I don't know anyone else who has bought and sold a house to be able to ask for advice and I feel I'm way out of my depth and I'm scared stiff tbh, but then I'm one of life's worriers. I'm…
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Unadopted road
The house I am buying is in an unadopted road. Don't think this is going to be a problem overall and the "plus sides" (like privacy and it not being a road "anyone and everyone" will feel free to use) probably more than counterbalance. Anything I need to look out for please? 1. I have been told I will be responsible for a…
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Cleaning a rented house that was all spanking new when we moved in
Hi I am moving out of a property that I have been renting for 8 months. (buying a place) I had not rented before this. The LL has been superb with any issues that have arisen. In fact when we moved in the whole place had new carpets throughout; living room, beds, hallway and dining room. All pale beige! At first I thought…
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Recent estate agent commission rates
Hi What is the current rate of estate agents for selling house? If you have used any national agent, please mention which one and what % rate they are charging. Thanx
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House move / House swap
Hi. The wife and i purchased our house from her mother around 10 years ago. We have actually lived in the house a lot lot longer (the wife 40 years and me 20 years) The postcode for our road is SW165LA. House prices are around the £250k mark or so our mortgage is currently around the £150k. our house would be classed as…
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title info
supposedly i am buying a place but the vendor has not supplied the vendors solicitor with information regarding the title. Therefore things have stalled for 3 weeks now. I am a first time buyer , if you are asked for information regarding the title of your property. how long should it take to produce this ? Please bear in…
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Re-carpet or leave bare floorboards?
We're in the process of clearing a house to put up for sale. It will need modernisation - at the very least a new bathroom and kitchen. We're lifting the carpets at the moment and are unsure of whether to leave them as bare floorboards, or to re-carpet. I'd love to save the hassle and expense of carpeting and just get it…
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Searches
On my buying questionnaire, there is an option to tick official searches or agency searches. Is one better? is one cheaper? Also it asks if I want any optional searches, good idea or waste of money?
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Conveyancing info required
Our offer on a property has been accepted and I'm currently shopping around for conveyancing. I have applied for a mortgage through HSBC and they wanted to me use their own panel which is managed by Countrywide conveyancing (but read horrible reviews about them) or any other accredited CQS so that they can act on my behalf…
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New tenancy asking for single payment from multiple tenants
I've just signed up for a new AST with three other people. The agency is now asking for a single payment of all rent (nominate someone to be lead tenant), rather than each of us paying separately. The reason they give is their system can only handle a single payment, however the system is online bank transfers...makes no…
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When does money need to be in place?
Had a phone call from my solicitor requesting that I start getting the deposit and main monies over to his firms bank account for this property purchase. Just to refresh my memory:- Does all of the money need to be in by exchange or by completion? Many Thanks
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Carpeting rental property
My house is almost ready to be put on the rental market. Early indications are that it will get a rental of between £500-600 pcm. Before it goes on to the market it needs re carpeting and I was wondering if anyone had a ball park £/m that they go for in their rental properties. Basically is it better to go cheap and…
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How much can I borrow?
Salary 18,300k. Credit Card "Debts" - 6K. Credit Rating - Excellent. Current Available Credit - 20k How much deposit would I be looking at and how much could I borrow? I would have no deposit so would use my available credit for deposit (or just save a few months salary and live off credit card then balance transfer). Been…
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Reasonably priced survey
As mentioned in another thread, I've recently taken out a mortgage with the Halifax. I've paid £355 for the Level 1 valuation survey. However, as the house we've bought is 150 years old, we want to take out a full building survey. Our Halifax mortgage advisor recommended two surveyors in Oxfordshire and Wiltshire who…
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how would my fiance buy me out of our mortgage?
HELP!! me and my fianc! bought our first house together last year and we have now broken up, he has offered to buy me out, hes basically going to pay me a lump sum so I sign the house over to him completely and take my name of the mortgage. How would we go about doing this? and roughly how long will it take until its…
