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Help to buy scheme
Please can someone explain what all this mean. My son is a first time buyer and has came with the following information: Seen a house with price of £274, 950 With help to buy scheme price £219.960 With 5% deposit With equity loan 20% (interest free for 5 yrs), from 6th yr a fee of 1.5% of the loan is payable, raising…
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Help with Help to Buy for clueless couple
Hi there everyone My name is David but hey call me Dave. I need some advice on the government Help to Buy scheme. Me and my partner George are hoping to buy a £600,000 house in London. You see this Help to Buy scheme is wonderful for young, rich, privileged guys like us who can't be bothered to save up cash for a deposit.…
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Help, Advice!!!! huge monthly gas and electric bills
Please advice needed. in a bid to re align our finances we went to the bank on Friday. We chatted a few things over and went through our monthly DD. It was highlighted that in Jan 14 we paid £368 for gas and electric!!! The same amount the 2 previous months, Dec 13 and nov 13 too!!! I have requested bank statements dating…
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RTB property, additional investor?
I have searched the forums and read a great number of RTB threads and appreciate that many people disagree with the diminishing housing stock issue as a result of RTB. However - I still have an enquiry regarding RTB I'd like to put out there and see if anyone can suggest what the solution might be. I will be purchasing my…
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first time buyer anxiety
i had an offer accepted on a house today. I am a naturally anxious person. I am asking myself a number of questions: 1) have i paid too much? 2) will i be able to afford the mortgage in 3 years? 3) will i be offered another job in another city this year? etc i am interested to hear from other first time buyers who have…
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Disputed council tax on rented property
Hello everyone I was wondering if any of you could give me some advice on disputed council tax charges at a property I was a tenant at. The story is that I moved out of a rented property on 20/12/13 in to a new house which I've bought. I informed the council and they sent me a statement with what the charges were for each…
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Abandonement, surrender? now I'm confused
This is my second post on this issue, but things have moved on from my original post so a new post seems like a good idea. To recap - tenants have moved into another property,without informing us and 6 months before the end of their agreement. Hadn't paid this month's rent and were ignoring all communications from LA.…
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Advice please...
Hi all, Had some great money advice over the years so hopefully you can help me with this one. Basically i received complaints that my tenants were keeping a kitten a few month back. These came from the management company who look after the apartments. We also have some 'directors' who are residents in the apartments who…
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What next? Advice appreciated
We're first time buyers with a deposit of £55k, we have an AIP in place for more than we'd ever wish to borrow and are looking at houses at approx £200k, we've viewed one that we like it's currently just under £210k it's been on the market for quite some time and has changed agents several times, we know they've not had…
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Question re: exchanging contracts
Hi all, I am just after a bit of clarification on some things. We are in the process of buying our first house. We have had our valuation, and hopefully our formal mortgage offer will be through tomorrow. On Friday our solicitor provided us with our Contract pack including all sorts of documents, fixtures and fittings,…
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House move and solicitors
We accepted an offer on our house last Monday and on Friday had an offer accepted on our next property The property we have sold was on the market with Dixons who have took us down the route of Countrywide Conveyancing Services and the estate agents of the new house (Oulsnam) are trying to get us to use a more…
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Absolutely gutted re leaseholder charges!
Have been on the market for two years finally accept an offer on my flat taking a 9k loss and today get home to a letter to say the communal security doors are being refitted at a cost of £1475 which I'm assuming I'll have to pay because my buyers won't want to! I'm in tears it's all my savings gone. Paying for a door I'll…
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Credit checks
My partner and I are looking to go into renting but my credit score is not good as I have a CCJ which is coming up for 6 years this year however I don't know what month it started. My question is, do estate agents have to do credit checks on both of us or can we just have my partners name on the tenancy agreement? I really…
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Photographs of Property
Our LL has asked a letting agent to come round and view the property that we have given notice to leave. I originally thought it was to take a look round and make some notes, but now it seems that want to take photos as well. My wife has raised concerns about this as she doesn't want our stuff shown all over the internet,…
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Ast
Hi, I have a very odd situation with a very controlling ex tenant. The ex tenant wanted to leave the arrangement we had in place early as they wished to buy a house. I was fine with this, and said that once suitable tenants could be found, I would release them from the tenancy. This has indeed happened, and I have new…
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Factual errors on valuation
I received notification today that the property I am trying to buy has been down valued by £25k. There are a number of factual errors on the valuation report that I have received from the building society, including wrong property type (terraced house is ticked rather than flat), too many bedrooms and bathrooms and…
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Leaking chimney into neighbours property
If you have a chimney which services two fire-places in your property but for some reason, 3/4 of it is on the neighbouring property's roof and the remaining 1/4 on your roof, who is liable to repair it if it's leaking into the neighbouring property? It doesn't service any fire-place in the neighboruing property and never…
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Which lease extention calcultor is more correct?
Hello everyone, So there is a local calculator http://www.moneysavingexpert.com/mortgages/extend-your-lease#divTotalResults and the one on leasehold advisory service http://www.lease-advice.org.uk/calculator/, the difference between if 3K more on the latter one in my case. Can anyone advise which is more correct? Thank you!
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Green Deal Question/Advise needed
I've just bought my first home with my girlfriend at 22 . Its a 3 bed semi that needs a lot of work. I've got an EPC for the property which says i would be entitled to make use of the green deal for cavity wall insulation and draught proofing.I'm interesting in making use of the deal as I'm renovating the house and want to…
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Buying a house where the Freehold had to be bought
I need some advise We are buying a house and we have had to wait for the seller's to buy the Freehold as the leasse only had 44 yrs left and mortgage company (Halifax) need it to be 90 yrs + so in the long run it would be benefitially to buy Freehold. That was all completed in November however through seller's solicotors…
