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Certificate of completion
Hi, I have just had an extension completed but my builder is advising me that I should not get a certificate of completion as I have planning permission for further work (which I don't intend to start for several years), but which was approved altogether. Has anyone else been in this situation? If I get the certificate…
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Can a buyer choose when to complete?
Hi All, I am a first time buyer! :j I have bought a new build property which will be ready sooner than we expected. We have exchanged contracts but were hoping to complete in April (this is what we were told). We have been told that the house will now be ready end of February! Two main problems are that we will be on…
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Advice required: I'm a new landlord
Hello all, It's been a long time since posting a thread on this site, please go easy :j. I've recently bought a property with the intention of renting it out. The mortgage is a buy to let mortgage and I've arranged the landlord home insurance and that's all for now. Could I have help & advice with what next? I will be…
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EPC certificates
Hi, Little while since i posted and help appreciated. Posting as a landlord,and have question about EPC certificates: simply- everytime we have a new tenant we provide them with a current EPC certificate (i believe that is a legal obligation ?) The actual EPC certificate was done about 3 years ago. we simply provide all…
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First time buyer... Realistic expectations!
Hey! I hope you guys can help please. I realise I need to sit down with a mortgage advisor and chat this through, but in the interim I'd really appreciate your thoughts about what a realistic expectation is for me. I am currently looking for a two bed maisonette or flat, and I am working on the proviso I can go up to…
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Advice needed on house sale
Hi guys, I have sold my house. My buyer is borrowing around a third of the value of my property so is getting a comparatively small mortgage from Nationwide. There is a small subsidence issue with the garage which I have insurance for through Aviva. After a surveyor's report this subsidence issue has meant that Nationwide…
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Any advantages in buying a property for cash?
My cousin has had an inheritance and wants to buy a house outright for cash, around £200K. Her current place will have to be sold cheaply (about £85K which is 20% less than sold prices in the area) to get rid of it as it's in a bad area. She is trying to buy before selling her house, thus avoiding any chain. However she's…
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Letting a property without a mortgage specifically designed for lettings
Hi Apologies if this has been asked before, but is it possible (legally / officially) to let a mortgaged property that you own, without having to change the mortgage to a buy-to-let or let-to-buy deal? In what circumstances might this be ok? I read something, somewhere about a 'Consent to Let' but know absolutely nothing…
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Need CP12, Which Boiler Cover?
Hi, I have 3 Gas Appliances (Boiler, Gas Hob and Fireplace) and require a CP12. Since some have the CP12 bundled with Boiler Cover, I thought I may as well do both at the same time. The boiler system is around 5 years old so doesn't need replacing. Any experience of Landlord Boiler cover? British Gas vs Homeserve? Need the…
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How long does it take to complete? What are the stages?
I am trying to understand the steps involved in buying a house with a mortgage and how long each step takes. I understand this can vary depending on how many house transactions there are in the chain. Therefore please assume that I am buying a chain free house. I believe the process is as follows: 1) Research the mortgage…
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sell house to clear DMP?
I currently have a DMP with SC and I am considering selling my house to pay off around three quartets of the debt. We have lived in the house and had a mortgage for 9 years. If we sold the house we would rent and try and save to buyagain. Renting a house would give the family more money each month but i feel we would never…
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New to Private Let - Estate Agency Costs
I'm have been given notice on my flat i need to find somewhere by the end of the month as its been sold. I need to know what are the costs involved regarding going through estate agent, as i only ever had a council home before? can someone please provide a breakdown? I have only one months' salary to cover this. Also what…
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Using Facebook groups to find a place to rent / a new tenant
Just a suggestion for anyone who's either a tenant looking for a place to rent (or a house swap if you're already in social housing and want to move) or a private landlord looking for tenants: try a search on Facebook to see if there's a group close to you, and if there isn't, consider setting one up! A landlord…
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Overcharging on renovations
Hi all, Appreciate if you could point me towards a section of the appropriate regulation that states that the LL should not be making profit from the renovation work charged to the T at the end of the tenancy, e.g. charging to repaint the whole wall just because of a new pinhole would be such an example. Thank you.
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CGT on jointly owned rental property
If I gift my wife 50% of my flat now - which I lived in for 8 years before we got married and have since rented out - and we sold it in 4 years for £124k - original purchase price £60k in 2002 would: a) The three year rule still apply to me as it changes in April 2014? b) Her "gain" be based on the value now (£80k) or…
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FTB, lack of completion certificate, please advise
Hello everyone, We're in the process of trying to buy a 2 bed maisonette just outside of Edinburgh. We have agreed a price, got a mortgage in place, etc. Now, here is the catch. The Flat was originally a one bed and somewhere along the line, as far as we know, at least before 2001, the attic was converted to a bed room and…
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4 months on the market & no viewings
Looking for some advice. We have been on the market with a local Estate Agent for 4 months and have not had a single viewing. Property is 3 years old and still pretty much a blank canvas. We are in a large village, with good amenities and a good road network. Appreciate that the market is a little slow and given our…
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How much money do I have and what could I afford?
Bit of a basic question... I bought my first house 2 years ago for £133K - below market price as the owners were forced to sell by bank. House value = £150k (assume it sells for that, just for arguments sake) I've paid off around £10k I think (which is taking away the interest amounts) My original mortgage was for £119k.…
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Why would a seller do this?
A 2 bed house in the south east was on rightmove with a guide price of 190-210K. I went to the open day a couple of weeks ago alongside a large amount of other people. I offered 205K and the offer was rejected a few days later. That's fine, as I thought somebody might offer more than me. I went back on rightmove yesterday…
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Relocation in several, lower-stress, steps
I live in my old house worth c£225k with £49k mortgage remaining on a 2.95% rate which I am currently overpaying each month. I wish to relocate some 100 miles away to eventually downsize and take life a bit easier;) I am thinking of buying a house in the new location around £115k now. I have £45k cash savngs and am…
