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searching for a rental property since recieving offer...
I am in a bit of a dilemma, well not really but I have sold the house well accepted an offer from an investor and we are going to move into rental long term. MY dillema is when to look for a new rental house? I think both parties are keen to move quickly and our EA said it should be done about mid Jan all being well. I…
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buy to let furnishings / white goods
If you are a buy to let landlord, is it best to have a furnished or unfurnished property? I am thinking it might be easier to have it unfurnished as you wont have the costs of replacing anything. Does this mean you charge less rent? Would you have less people interested? If white goods were left in the property, would the…
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buy to let and leasehold
I am considering a buy to let and as I understand you have two ways of the investment rewarding you: 1. capital increase 2. monthly profit from rent after all costs The question I have, is if the lease is under 80 years and starts to affect the property value, will this cause a problem? For example the property value could…
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Getting our house ready to rent - advice please
We are moving to a new house but renting our current house out. We own our current house outright so no mortgage. Can anyone give advice on stuff we will need to know. I'm currently getting all the little odds and sods jobs done, getting a gas certificate and looking at landlords insurance etc. Hubby wants to vet all…
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Deposit when moving out of student flat
Hi Im a student who is renting a flat with one other student. We have a joint rolling tenancy with an agency and Ive just handed in my one months notice, however my flatmate has chosen to keep the tenancy on and the agency are happy with that. My query is what happens with the deposit? Do I just have to wait until my…
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Vendor/EA threatening to pull out of sale
Hi All, Could do with a bit of advice please. Memorandum of Sale mid September, I am FTB and no chain involved. Survey and mortgage offer beginning of October, fixtures and fittings list end of October. Draft contract received mid last week, with notes that the document will be discussed in more detail. Today, I received…
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Advice Please about Land registry
Hi I am trying to find out if a Landlord has permission to rent out his property. I am unsure how to get the details from the Land registry. I have looked and seems to be from £20 upwards to check Any help appreciated,especially links.
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NI Danske Bank first time buyers timeline?
Me and the OH applied for a mortgage a few weeks ago - grew impatient as we hadn't heard anything, finally last Tuesday received a phonecall telling us they were processing it - anyone have any current experience on the length of time Danske are taking for their mortgages at the minute?
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Mortgage repayments - comfortable or overstretching?
Hi everyone, I have been spurred on by a few threads on here recently about not wanting to over stretch when buying first properties, and how much to have in rainy day/emergency savings. Our situation is as follows, I know everyone will have different opinions but any advice would really be appreciated. I am a stay at home…
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Searches or search insurance
HI , I am buying a mid terrace and in the process of getting quotes for conveyancing. I am looking to use a local solicitor rather than an online one. One of the solicitors I spoke to said they could make the cost cheaper and the process faster if I had 'search insurance' rather than have searches done. This seems to make…
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Exchange today or sale off :/
Hi all, I am going crazy sat here, not able to do anything. My purchase has been dragging on, 14 weeks tomorrow, partly due to issues the vendor had to sort out, and because of those the property was down-valued so I had to get a new mortgage offer. It has been frustrating but I have been doing everything I can to move…
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Pulling out of new build purchase
Hi all, Me and my partner decided to buy a new build. The completion date is any time now, looking at around 2 weeks ~. We exchanged contracts a couple of months back. There has been a bit of a change of heart on one side, it seems. If this wasn't to work, I am guessing our two options are: 1) pull out now, however we have…
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Calling all new build owners!
Hi all I'm just trying to get my paperwork in order and I want to make sure I have everything. I have the NHBC Pack which says on the front 'Your buildmark information and documents'. Inside is the 'buildmark cover note' however it says 'this cover note does not bring the insurance into operation and is only an agreement…
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Victorian misery this Christmas for workers
http://www.independent.co.uk/news/uk/politics/the-poorest-pay-the-price-for-austerity-workers-face-biggest-fall-in-living-standards-since-victorian-era-8991842.html Oliver looks forward to Christmas 2013 Oh well, at least the bankers are looking forward to their bonuses this Christmas, and as well know there are some…
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Homebuyers' report on first house: lots of reds but job estimates undervalued
Hi all Have been looking over forums for a long while and have found excellent advice and many helpful people. Just got my Homebuyers' back. I know that these things should be taken with a pinch of salt but there is something there that doesn't compute for me. There are a number of defects with the house but the surveyor…
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Sole agency agreement and private sale. Help asap please
Hi all, I signed a sole agency agreement with an estate agent 5 days ago and they proceeded to market the property and I had a number of viewers. On the contract under Estate Agents act 1979 it says I must disclose any other parties that have interest in the property. I declared no, as this was true at the time. Thursday I…
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Houses on £250-£275k range, psychological barrier
I wonder what psychology plays in vendors' minds. I offered £250k on a house but vendor wants £260k. I feel it is bit numpty to ask just over a stamp duty threshold. If I buy the house for £260k and then a 1-2 years later I have to sell it, I'll be exactly in same situation that would be buyers wouldn't be wiling to offer…
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Survey on a near-new build?
Hello all, Just a quick question...who here would (and maybe has?) had a full survey done on a 6.5 year old property? It is under warranty for another 3.5 years. There are no gas connections as the hob is electric and there is a central boiler system to all the flats so no boiler maintenance. Is this pure stupidity on our…
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How to proceed when in a chain?
We are FTBs and have an offer accepted on a house, however the current owners of the house have yet to find a property to buy themselves. We have a solicitor and are in the process of arranging a mortgage, and it's getting to point where we will have to start actually paying for surveys etc. The thing is, with the current…
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FTB: how much to put aside for a rainy day?
Hey all, How many months worth of your monthly mortgage payment would you leave aside in liquid savings when purchasing your 1st property as to not to feel overstretched? Assume no recourse to the bank of Mom&Dad. Thanks!
