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Fees & Quotes
Hello, Had lots of help from this forum already so hoping someone has knowledge of the following... For a purchase of a new build (using help to buy equity loan) how much should conveyance quotes come to? Are all searches required given it is a new property? Also once an offer is accepted is there still room for…
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Buying vs renting - lack of motivation to buy
I'm renting a nice flat at the moment, for a pretty low rent (the rent is at the low end of what my monthly mortgage payment might be). I have about £100,000 deposit, currently in the bank earning a lousy rate of interest. Property prices here have been pretty stable over the past five years - either flat or slightly down…
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Buying parent's house for less than market value
My mum bought a second home a couple of years ago and rented out her old home for a year or so. She's since put it up for sale but had no luck finding a buyer. We are currently saving to move house, but couldn't stretch to her asking price of £210K. She's offered to sell it to us for £180K on the proviso that I get £30k…
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Mortgage overpayments use for Buy To Let
Hi Am thinking of purchasing my 2nd property has investment i.e. Buy To Let (first timer) My issue is finding the deposit !! i have some shares and ISA but i do have 21K overpayments in my Mortgage Property thinking buying 80K Need a deposit (20% or 25%?) 16-20K I have got property which i live in £115k valued outstanding…
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How many properties did you view before buying?
It's such a drag going to viewings, there was a time when you can view several properties in one visit with the same agent but unfortunately my budget doesn't allow this. I know it's a necessity and a 'how long is a piece of string' type question, but I'd like to know how many properties you viewed before you brought. What…
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Planning Issues when selling a property?
We are currently 8 weeks into the sale of our property. We where given some bad advice when having a conservatory built 5 years ago. No excuse I know, I'm kicking myself. I should have checked at the time if the development needed planning permission. At the time of the conservatory being built the property was leasehold…
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Landlord lied about contents of property, what can I do?
He refused to do anything about it when I was living in the property but now admitted he lied about the contents recently to my university is there anything I can do about it now?
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First Time Buyer
Hi Guy, After some educated opinions from such a good breed of folk. My situation is a I'm 25, employed, my basic is 20k but with bonus and over time I have earned 28k per year for the last 2 years. Im still living at home and looking at properties in the area to get on the hosing ladder. I can get my hands on 30-35k for a…
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Buying a council property, with a twist...
Hi, Firstly, thank you for any advice that you may have – Much appreciated. OK, here is the situation… I have been living with my mother in a council rented property for many years (15+) and I want to get a mortgage in my own name and buy the property from the council, as I believe I am eligible to do so. Here is the…
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Cheeky offer?
Looking at possible part exchange on a new build. Got house on market at 170K, if valuation for part ex cone in around 160k would it be unreasonable to ask for full value ie 170k? This would enable us to put 10% deposit down and pay stamp duty, they have already offered to pay 3% stamp duty which would be 8700 (based on…
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Advice - help with dodgy LA end of tenancy
Hi all, I have just registered here to ask some advice regarding our letting agent and the end of our tenancy. We originally signed a contract for this property and our tenancy started on 02.03.12 and ended 01.03.13 - at this point we continued to rent the property on a rolling month to month basis - nothing new was…
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Just found the house we want :)
And now the fun starts. The house has only been on the market for a couple of days, and it fits virtually all we were looking for. We have put in a verbal offer, very close to the asking price. Now that we've done that, would it be too much to ask the estate agent to bring down the For Sale sign and take it off their…
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Rented property - damage to a fence
thanks for the info - i understand what you were trying to say now you've explained it properly.
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Short leases
If a property has a certain value with a 70 year lease, what percentage of that value would it have with a 50 year lease ?
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Can someone recommend a land management company in Scotland?
Hi Our property in Inverness was built by Barratts 5 years ago and they appointed a company called PMC in Aberdeenshire to arrange the maintenance of the communal land. We pay them around £160 a year in charges (per household) but most of the residents on the estate feel we're getting conned as the charges seem to be way…
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Survey question
Hi all Just a quick question regarding Surveys. We are getting the house ready for sale and noticed that above the windows the plaster sounds a bit hollow. We were looking at getting a builder in to replaster above the window but I just wanted to know if the surveyor would actually pick this up by tapping everywhere,…
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Holes in walls from tv brackets etc...
Completing on my flat sale Friday and there are lots of holes in walls from tv brackets and shelving. Should I try and plaster over them the best I can? They do look a bit unsightly. The new buyers are investors and will do doubt do a lot of work so what do you think I should do?
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Part rent part buy?
Ok so I have enough to buy half and rent other can't get a good mortgage for 100% own hence part rent option. Who actually owns other half and are they brand new homes? Also in say 3 years when credit good what chance of selling will I have ?
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Complicated finances
I am hoping the lovely forum people can give some advice. My Dads partner has just gone into a hospice after a long illness and we fear does not have much time left. Distraught though he is, Dad is trying to sort out what finances he can now. They are not married and she has not made a will (yes, I cant believe it either).…
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Survey options - what would you do?
I'd like some advice on buyers' surveys. We have had an offer accepted on a 1930s probate property which the agent described it as requiring some "minor DIY work, nothing major". From our perspective it requires significant internal redecoration - as a minimum we would be intending to replace the floor coverings and put in…
