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Advise and Help needed on house Purchase
Hi All, This is my first post so hi :-). Hubby and I (two kids, two dogs and a cat ;-) are looking to move. We bought our current house two years ago, which we bought to refurb and make some money on it. We LOVE our house but for schooling reasons we want and need to move! Our house has only been on he market for 2 weeks…
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Over-payment of rent
Hi everyone, Quick question. Not your everyday tenancy problem, but here goes. When my tenancy came to an end, my LL and I renewed it for another 12 months, i.e. a new AST. The rent was increased by X amount but it was crystal clear that the increase was for the upkeep of the back and front gardens. This exchange was by…
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Tenancy Agreement - Giving notice - Please Help
We are in the process of buying a property but at the moment we are still renting. Our tenancy started on 05/10/2013. Right now I'm trying to understand when exactly I can give notice. The contract states: The term shall be from and including 05/10/2013 to and including 04/10/2014 being 6 months fixed and 6 months break…
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What criteria do you use to compare mortgages?
I want a five year fixed deal. I looked for the best three deals I could find on Money Supermarket and then went to a broker (who could not better them). Therefore I had three deals to compare. I simply looked for the cheapest over the five years i.e. I looked for the monthly charge and multiplied it by 60 (60 months in…
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Organising own home insurance and protection FTB HELP!!
Hello, I would like to arrange my own protection and insurance as its massively cheaper than what I was offered from the mortgage broker. Could you please tell me how I arrange this to coincide with my mortgage start date...as when I know my completion date I get them both to start from then or what?? and can I just phone…
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Giving notice to employer/childcare - before exchange wait? PLEASE HELP!
I am a single parent and my LO goes to a childminder while I work. I need to give a month's notice to both. Am moving in with family so am not buying a new place. My house sold within a day of going on the market, two weeks ago, to a cash buyer. I haven't heard much from the buyer except that my solicitors just say it's…
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problem on valuation only just come to light week before completion. advice needed!
Hi, I put my house on the market last June and accepted an offer on it the week before Christmas from a FTB in rented accomodation. His valuation was done on the 20th Jan which we were told came back fine and so I made an offer on our next house which was also accepted. Things have progressed slowly on his part due to the…
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(slightly) noisy neighbours!
Just after a little bit of advice about what people would do in my situation! I live in a conversion flat in a Victorian property. The flat directly underneath mine has recently sold and the new owners moved in a couple of weeks ago. The soundproofing between the flats is very (very!) bad - to the point when I can hear…
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Been on sale for 3 weeks and frustrated already!
Hi All, Is anyone else currently on sale and finding the whole process frustrating? I've only been on sale 3 weeks, but I'm getting disheartened already with dealing with the Estate Agent and a tad worried about the whole process as it is the first time I have been through the process on my own (previously was with my ex…
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Mortgage Calculator - Unusual Incomes
Just a general wondering really, bear with me I'll explain it best I can. Person 1 in employed full time and has income of £40k a year Person 2 is not emplyoyed but has income of £40k a year There is no way for Person 2 to prove their income other than bank statements each month showing that the money goes in every month.…
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Obtaining a mortgage as a single parent
So by completing the ' what can I afford' calculators it looks as if I could obtain a mortgage for about 95000, which would allow me to purchase a property however I wanted to know what my chances were in reality. I am a teacher earning £25000 I have £14000 available for deposit and other expenses. No debt Good credit…
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Is a week long enough to exchange/complete?
Hello everybody, I was led to believe that we would be completing on the 7th of March. We have signed contracts but we haven't officially exchanged, as far as I know, due to awaiting enquiry response from the vendor. According to them, they responded on Friday and posted their replies which I'm assuming should be with the…
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Mortgage starting before Completion date?
Hi, all, The bank tells me I am liable for a day's worth of interest as the solicitors have requested for the mortgage balance to be wired to them a day before the completion date. The solicitors have requested this to make sure the balance clears on the completion date. Could I please have your opinions as to who should…
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How much to offer?
Hi, Me and my partner are first time buyers with a healthy deposit and mortgage agreed in principle. We have recently been to view a house and have decided that we would like to make an offer, but i'm a bit unsure of how low to go without being too cheeky. I know offers can only go up but cant go down, but I dont want to…
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Break Clause used, incur Deed of Surrender Charges??
Hi there, I have an AST of 12 months. Break clause is included. I can give 2 months notice from the 4th month and leave at the 6 month. In the agreement its stipulates the break clause of 2 months notice required from the 4th month. Then further into the agreement it says: Should either party need to break this agreement,…
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freeholder giving it away to leaseholders
Hi all, Some advice needed. Looking at purchasing a flat that is in a old 1930s block with12 others. The estate agent informed us during the virewing that the freeholder is giving the freehold to the leaseholders (share between the 12 flats). I've been told this is his only property but I'm struggling to understand why he…
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Capital Gains Tax Question
Hi, My father and I jointly own a house 50/50. As a tenant in common for 8 years but not living in the property (my dad lives there), what would be the capital gains tax situation? Background: bought 1985 for 50K, probable value circa £250k now. Thanks.
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First Time Seller - Advice Please
We've decided to sell my first flat and me and the OH are moving in together in her house. I had 3 local estate agents come and view the property, ask the usual questions, and all gave a similar valuation, varying only by £10k The flat is located in West London and the agent I went with said they'd put it on around…
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Holiday home as an investment
I'm in the process of buying a holiday home primarily for the benefit of my family but also with a hope of making money over a 10-15 year timescale. Would any potential increase in property value be enhanced by removing the existing holiday home restriction and having the property listed as a 'normal' property? Any…
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Buying advice: garage not adding value?
Hi, I'm a first time buyer and I'm currently considering putting down an offer for a 2 bed flat. There is off-street parking and the flat doesn't come with a garage. My issue is, most flats around include a (single) garage and I have all the information about how much they sold for (more below). The seller, though, has…
