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How much to offer over the valuation price for a house in Aberdeen
Does any body have recent experience of buying a house in Aberdeen? How much to offer over the valuation price for a house in Aberdeen and suburbs. My solicitor is suggesting me to offer circa 15% over the valuation price because there are 10 note of interest and closing date is very close. It is 2 bed ground floor flat of…
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How to get the valuation of house
Dear All I need some help. I'll be thankful if somebody can help. I along with my brother jointly bought a flat. Now I am selling my part to my brother. But the problem is, how to check what is the current realistic value of the flat. Please guide me, how to get this done? How to achieve this? I wait for your helpful…
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Nil tax on a BTL property?
Hello all, I have recently read an article on the DM (Dont judge me!) but it talks about a way to avoid tax payments on a property portfolio. The detail is lacking as it is a report about a seminar so clearly they wish to have you attend or pay for advice. In overview it seems to work that a dormant/non trading company…
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Help buying reposessed house
Hi iam after a bit of help, my wife and I have just put a offer of £60000 on a house that has been reposessed and had it accepted. And we are wanting to do it up spending about £7000 and sell it on as the houses on the street are selling at about £100000. What we would like to know is, is it better to have the house in…
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surrender of tenancy - reasonable terms?
Carrying on from my previous 2 threads, we intend to ask our tenants to sign a surrender of tenancy. As they are now up to date with the rent, and we want the surrender dated for the last day of this rental month, is that the end of costs - or are we entitled to claim any kind of costs, eg in lieu of any kind of notice.…
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House selling or renting?
Hi, I am looking for a sounding board as my head is spinning about what is the best option to do. I got married in the summer and moved into hubby's house, we rented out my place earlier in the year and got an agency in ( which ended up costing a bit. Lesson learnt). All was reasonably well until Christmas when one of the…
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Question re risk of freehold flat - unusual situation
Can someone advise please. We are hoping to purchase a freehold flat with common areas owned by a management company, each flat is a member of the mgt company. Could this situation pose a future risk or issue. Advice welcome.
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Rental notice period - FTB question
Hi all Long time lurker, first time poster. Apologies if this is a bit of a numpty question but I'm slightly unsure about the process and I don't want to make any mistakes. My partner and I are FTBs, we've had an offer accepted on a house, received the mortgage offer, had the survey done and are now waiting for the…
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Can I put my property on the market with tenant in?
Hi All, me again! Looking at all my options, I'm leaning towards getting rid of my property this year. Property is teetering on negative equity - I would probably be looking at a shortfall of up to 10k which we would plan to make up with a loan between myself and ex-partner (assuming the mortgage company agree!) Mortgage…
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Priced out in 3 months
Hi all I have been gifed a deposit of 30k which I can add to my existing 7k giving me 37k for deposit plus fees. I earn approximately 30k a year but out of this I have to pay 350mnth train and 570 mnth childcare (although I get about 100 back in tax from childcare vouchers). Doing the sums I could get a mortgage of 110k at…
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Bought Auction House - Cash and money laundering
I need some help. Bought house in auction for 50k. I have 15k in 4 bank account and the rest in cash at home. (I have never trusted banks with all my money, especially at the current rate). Anyways went to solicitor today who said all money must in in bank accounts, and cant do it going forward. Shall i out it in the bank?…
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Anyone have experience of buying by auction?
Hey all This is my big chance to finally buy - I am a late starter (39) and am consequently thinking of buying by auction to hopefully get some more bang for my buck :0 Does anyone have experience of this process? Any advice? Thanks LYM
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New Build : Shared Ownership : Survey req'd??
Hello, I'm GoGetEm and I'm a first time buyer... I'm looking at a 3 bed completed new build. I'll be buying it on a 25% equity share with a housing association retaining 75%. There's a 12 months snagging cover. What type of survey should I have? Thank you for advice you can offer Tanya
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House undervalued by mortgage companies surveyor
We are purchasing a property that has had three estate agent valuations all at 90k we have got to the point where the surveyor has been and looked around and now we are told the house has been down valued to 72k. This house is local to me and i know you cant buy a three bed property for that price any where otherwise i…
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Lease Extension Contract changes
Hi, Can anybody help I'm in the process of renewing my lease and there are quite a few changes in the contract, before going to a solicitor I was wondering if anybody has had the following wording added to their new lease; "That the Lessor will at all times during the term (unless such insurance shall be vitiated by any…
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FTB and Repossession - Help on bidding
Hi everyone, I have viewed a property I like and I'd like to purchase (or try to!). 'Try to', because it is a repossession and there is a bidding process. There's been an offer and it is well below the asking price for now. I doubt they reach it as the property need some serious TLC (which I'm more than happy to provide).…
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Use of Form 17 to apportion Income and Costs
I have just bought a buy to let flat and have now rented it out. I financed the purchase, 100%, from savings, but my wife and I have the property registered jointly (NOT Tenants in Common) to make life easier when one of us dies. We have no dependants. My wife and I are both basic rate tax payers. I am registered for self…
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Did not receive copy of signed agreement
Hello Could someone please enlighten me. I have been living in the apartment for half a year now and when I originally moved in, I signed tenancy agreement and sent it to the agent. However I never received a copy signed by Landlord. Asking agent in writing (email) for it, did not help. My request was ignored. Can you…
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Full and Final Settlement?
Hi, I'm not sure I'm posting this in the right section or even if it's something you guys could help with as it's potentially more a legal matter than financial. Anyway, please read on and let me know ! My ex and I split many years ago and remained on a mortgage together. He then became bankrupt and I "bought out" the…
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Tenant notice to end AST
I dont think its that important but i am curious. My fixed term ended on the 30th of (some) September. I have given notice to end my AST on the 31st of March. While i dont mind if it is the 30th or the 31st, I wouldnt want the agents telling me that my notice is invalid and should have been for the 30th. does it really…
