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First time buyer price negotiation... possibly in way over my head!
Dear all, I would appreciate some advice. I've seen a two bedroom house in Berkshire on the market for £239,950 and it's been on the market since a week before Christmas. It's a neat little place and will need some work doing to it; bathroom refurb, plastering and window replacement but it's in a really lovely area. Put an…
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New build house prices in 2016
I know no one has a crystal ball but what is the general consensus about what will happen to new build house prices between now and 2016, particularly considering the end of Help To Buy. We're interested in new builds and have to choose between moving now or in 2 years. I worry HTB is over inflating new build house prices…
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house price negotiation
Hello, can you give me some guidelines for house price negotiation in south UK? What is usually the initial offer of a fairly priced house sold through an agency?
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Searches before mortgage offer?
Hello, we are after a bit of advice regarding the buying process? We are FTBs, waiting for a mortgage offer, valuation and survey were done this week, we haven't heard anything yet. We have a very lovely and professional solicitor, she is now asking us for searches fees, which is fair enough. But is it normal practice to…
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Should I sell or rent out my home?
We want to move home, our daughter will be starting school August 2015 and we want to move into the catchment area for better schools. We were originally thinking of selling this home (for about £155,000, bought it 6 years ago for £178,000) We were thinking of selling it and then purchasing a home in the other area which…
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Transferring half of property
My brother and I both inherited our mothers house, I am the executor of her will, have probate and wish to sell my 50% to my brother the other beneficiary. We have got a Solicitor onboard to do the transfer but my question is are we legally obliged to make the payment through the Solicitor or can my brother pay me direct…
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Writing to potential house sellers....
Hello all I'm a FTB and looking for advice. I am quite interested in a particular area and have read of people writing to homeowners to see if they are potentially interested in selling and if so, to arrange viewings. Has anyone done this before? How did you write your letter? I have read that if there are mortgages…
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Buying a house from a friend, how to proceed
Hi all, thinking about buying a house off my mate, good for both really as they get a quick sale and I avoid having to work alongside dreaded estate agents Once we agree a price, whats the best way to proceed? I need to apply for my mortgage but if we both have a solicitor will they be able to sort everything out between…
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Advice on buying a house with indemnity insurance
Hi We have had an offer accepted on a house but the survey highlighted the attic conversion has no building reg. The current owners have an indemnity insurance policy to cover this. We were concerned about this and asked for retrospective building reg, which they flat out said no too. I've been looking up online about…
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Development with a friend advice?
Hi all, I have chance to buy a friends parents house before it goes on the market..at an extremely good price. It needs a fair bit of work, and will be renovated purely to get back on the market with a nice profit attainable. I personally have around 3/4 of the cash needed for purchase and renovation. I would like to go…
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Capital gains tax
My mother-in-law is selling the flat that my husband and I currently live in, and is going to give us the profit she makes (minus expenses) to use as a deposit to buy our own flat. As this is a second home, she will be eligible to pay capital gains tax. Does anyone know how much this is? The flat is likely to sell for £12k…
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50\50 Joint Owners & Homes Expenses
I have officially added my wife via the land registry as joint owner of a flat we have that was previously mine before we married which we now rent and have been doing for the full tax year 2013/14. I am not working or claiming anything at all as I am almost at retirement age and it is my choice not to look for work. With…
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Is the landlords association good value for money?
Hi, I have never been a landlord before, and would like to keep costs to a minimum. I am happy to put in a bit of extra work to save a bit on the agents fees, but is it a risky move for someone completely inexperienced in the whole business? What is the best way to go about doing this? I am also looking at the landlords…
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LL in debt to building management company
Hi All, Just looking for information/advice about what will happen in this situation. Me and my husband rent an apartment in a big building run by a building management company who handle all the maintenance of the building and deal with the leasehold agreements for the apartment. The apartment is managed by a estate agent…
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How much to offer in a buoyant market
I'm doing viewings today in South London. The market is pretty crazy and there was about 15 viewings on the property I saw this morning and I was early so left exactly on the open house start time, so there could have been even more. It's on for offers over £150k. I've got no idea where to offer, given that there will be…
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Gifting my mother money to buy her freehold.
My 70 year old mother had a letter out of the blue asking her if she wanted to buy her freehold. She has 20 years left on the lease and the freeholder wants to get rid of it. I think he has inherited a lot of land and wants to sell it. My mother doesn't have much money and I said I would buy it for her. He has asked for…
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Tenancy Issue
Hi, I've been renting this place for a few years now. My current year-long tenancy ends in June 2014. A few weeks ago, I spoke to my LL and we agreed that I could leave early in March 2014. My work circumstances have changed. Am very busy and will be even more so in February. I need more time, but my LL says no. I have…
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DPS question - did my landlords submit my deposit correctly?
I started renting my current house in July 2012 through private landlords - sent them our deposit, they agreed to place it in a deposit protection scheme. I assumed that this had happened straight away although had noticed I couldn't find any confirmation of the scheme. Anyway fast forward to last month and I get an email…
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Checkout report innacurate
Hi all, the checkout report is rather inaccurate, and lists a few fixtures missing that were on the premises during the checkout (got pictures to prove). The final meter reading on the report is miles out. Luckily I have a picture of the report I have signed clearly indicating the reading. How can I challenge the accuracy…
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Removing a registered charge from title deeds
Anyone know how to go about removing a registered charge from the Land Registry title register? The charge is related to an old paid up mortgage from before I inherited the property in respect of Woolwich/Barclays. Property is registered in our names but still has this charge listed when I got both hard copy back from…
