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House overvalued by 20k! How!!
Hi, We have a detached 3 bed house in Essex that we bought for £250k just over a year ago. We revamped the whole house, new kitchen/diner all new bathrooms all new flooring and modernised the property. We put it on the market at £300k and got an offer straight away at 294k which we accepeted. The buyers have had the survey…
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Help me sell my house
Hi, We put our house on the market a few weeks ago. We had about 5 viewings, but when the details went online, the viewings stopped. What are everyone's thoughts on how to get the viewings and ultimately the offers? How can we make our property one the viewers want to see? I was trying to post a link to the house, but Im…
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Renting in Scotland - couple of questions
I have been advised that the missives for my house sale are being signed today so I can properly start the hunt for a rental property while I think about where I want to end up. Although I rented several flats in Scotland between 1992 and 1997 it was done with little knowledge of tenancy rights (luckily without any major…
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How much can they borrow?
I'm enquiring on behalf of a friend who is looking to buy his own house. He's on 16k, girlfriend on £11,500 and they have a car loan of £220 per month. No other debts or arrears. I know at one stage it was 2.5 x joint. Is that still the case please?
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Second Viewing- TIPS- what to ask owners
[FONT="]My husband and I are going for a second viewing on Saturday, to a 1930’s semi that we are both very much in love with.[/FONT] [FONT="] [/FONT] [FONT="]I’ve requested to meet the sellers- the agent didn’t know/didn’t want to tell us some more detailed info on our first visit.[/FONT] [FONT="] [/FONT]…
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Shared Freeholds and Leaseholds
Hey all I'm just abt to put an offer in for a Garden apartment, which I believe the agent has now confirmed is a Shared Freehold and with a 125 year Leasehold on it (Took a few days for this to get investigated!). I believe, this being the case, that it is not a risky proposition for a mortgage lender and fits into a…
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offer accepted on property now what?
Hi all, My partner and I have just had the offer accepted on our dream home :) We are meeting the mortgage broker Saturday to proceed our mortgage app but we are not sure when to appoint solicitors? The estate agents have told us we need to use there solicitors Countrywide and have to pay a £1000 tomorrow so they can…
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Co-ownership northern Ireland
I'm currently selling a house and have got Sale Agreed, the buyers are purchasing through co-own, does anyone have any experiences to share? It's taking a very long time even to get a full decision.
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Bridging Loans
I have to relocate for work and am looking at buying a house at about half the price of my current one (down sizing at the same time). I'm currently mortgage free, and have some savings - perhaps enough for half the price of the new property. I thought that it might be easier if I bought the new house before selling the…
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Choices and other below market value property estate agents
Hiya, I came across Choices ad on Zoopla. Was wondering whether their offerings are really below the market value and worth investment? What other things to consider if to invest into such property? Thank you!
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Estate Agent Contract
Hello, I have got my house up for sale and have found one i really want to buy. My current estate agents have been pretty useless, not a single viewing, always me having to ring them to see if there has been any interest and they just seem to be negative about the fact it will be hard to sell as it is a new house and there…
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Indemnity cover
looks like we are going to have to stump up just over £100 to get our sale over one last hurdle. The solicitor says there is a bit of paperwork missing covering the ownership of an alleyway and that to get things moving we need to pay for indemnity insurance. We don't have an option but to do this as we are on a very tight…
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Mortgage and Home Improvement Loan
Hi Everyone, Me and my boyfriend are first time buyers, we are looking at the help to buy mortgage were we receive a 95% loan. We looked at a house yesterday Its on the market for £139k lets just say its not worth that at all. The next door neighbor informed us the estate agent told him he wouldn't pay £115k for it. It…
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Am I foolish to reduce monthly rent?
I am about to take over the management of a property from the EA and will effectively be better of to the tune of 9%+ VAT. I have a very good tennant who is seldom at the flat due to work commitments and have had no issues during the term of the first years tennancy. Pending a review of service charges, to which there is a…
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Asking prices and offers
Are all buyers these days paying above the asking price? Properties are showing up as Sold STC within a day and mostly within a week or two. Every time estate agents say that they have offers above the asking price which actually seems to be true these days. One of the properties I viewed sold £30,000/- above asking price!…
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Tennant wants to run a business from rental property
A recent new tenant has asked for permission to run a beauty business from one of the rooms in the property. As her contract, also my morgage provider specifically forbids it, I am inclined to refuse permission for her to do so, even informally, as it seems I have everything to lose and she just moves on. I have also been…
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Renting-& I need advice!
Hello, my family and I have been renting the same house for 6 years & all has been ok. We have had ASTs of 12 and 24 months, with break clauses 1/2 way through. in Jan 2014 we were sent a letter by the agents saying that the Landlord had agreed with our proposal of a 24 month ast WITH IMMEDIATE BREAK CLAUSE and could we…
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Offer Accepted - Solicitor & Surveyors
Hi, I've read the house buying tips and the mortgage guide. I read there that you should get your house surveyed prior to buying it. When I asked my prospective solicitor on this he said they don't do this and I need to contract an independent surveyor. Is that normal/ Also he's given me the following price break-down…
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How much below asking price to offer....?
Ok, so I do realise this is a silly question and there is no correct answer..... My wife and I are on the verge of putting in an offer on our first home. We are trying to decide what to offer (asking price is within budget but we obviously want to pay as much under it as possible but don't want to look like idiots by…
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Possible illegal estate agent practice
My partner and I recently made an offer on a flat. This offer was outbid, and we increased our offers a couple of times, competing with a cash buyer (according to the estate agent). The property was originally on the market for £329,950. After several bids, we settled on an offer of £353,000. We were about to pull out of…
