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Inventive offers
Today was a 'best and final' day on offers on a property I am selling. The market is strong, many, many offers with £100k difference between the worst and the best of the ' best and finals'. I inventive buyer offered to pay any lost rent I have from the time the tenants move out to the time of completion. A clever offer…
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How to use existing BTL properties to get a mortgage for another BTL property
Here's the scenario: Say I have 2 houses 250k worth each, with no mortgage on them. They rent for 1500pcm each. I want to buy a 3rd house for BTL purposes but don't have, or don't want to spend extra cash on a mortgage. Can I somehow use the hypothetical future cash from the 2 properties, plus the hypothetical future rents…
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New Build problems (salesman told a porky)
Just seeing if anyone has had any joy regarding new build developments rules and regs. I'm buying (well may not happen now) a new build. We visited a sales office of a site and was told by the sales person our "van/camper" was allowed on their development so we handed the deposit and got the ball rolling.......... Mortgage…
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Tying up loose ends
As you guys are probably aware (seeing as I can be a bit of a keyboard warrior!!) I'm relocating very soon. I finally got my start date for my new job (14th July) :j and, having just spoken to our LA, have to give notice to vacate for 3rd July (thought it polite to give a heads up and to know the proper date so as not to…
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Extra seperate sums of payment on a house sale/deeds/contract?
Hello all. I have agreed a sale of £240,000 for my property. The buyer I have agreed the price with wants only £225,000 to go onto the paper/deeds and sale, but he is also paying me the remaining £15,000 separately. I want this £15,000 to go onto the deed/sale as well and want to avoid accepting a private bank transfer.…
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what amount of capital gains tax will i pay please
We bought a house last year for 68.000 which was for our son to live in. However he has moved abroad so we have solde the property. it cost 68,00. new bathroom, kitchen, fittings etc came to another 10 thousand. We have just sold the property for 89 thousand. In total after bills etc we have made about 9,500. What…
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Vendors want to market their property until exchange
Two months ago we had an offer accepted on a chain-free property and we were under offer from a first time buyer. Many weeks passed and it became apparent that out buyer couldn’t get a mortgage. Our vendors agreed to give us 2 weeks to find a new buyer, which we managed to do. This buyer is now in the process of applying…
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Renting - When do we give notice?
We are currently in a 6 month assured shorthold tenancy agreement. We have lived in the same property for 4 years and every 6 months we have just signed another one of these. We pay 6 months rent upfront each time (because we are using savings to pay rent as our monthly incomings are not high enough.) We are currently…
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I feel like my Landlord is pushing me out.
Hello All I have privately rented my home for 10 years with the same landlord. In the last 5 yearly visits I have asked for new flooring in the hallway and sitting room and been refused ( the carpets were already here ). She has given me excuse after excuse about replacing it. After this last visit last week I thought I…
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Moving house and getting rid of debt??
Hi all, we are looking at possibly selling our house in the next 6 months or so. We currently have around 50k of equity and have around 10k of debt (will be paid off in 18 months- a cheap loan). Do we need to wait until this debt is paid of or can we pay of the debt with our equity when we move? Worried I won't get the…
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Advice please? Awful estate agents.
Any advice would be very much appreciated, thank you. I'm not very knowledgeable when it comes to legal stuff, so please put me right if I'm wrong about things! Long story short: We ended our tenancy early - 3 months into a 12 month tenancy. Landlord agreed to surrender it provided we pay the fees for finding a new tenant,…
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Capital gains tax
Wondering if some one can put any light on my situation, because I can't get my head round it,:eek: I bought a house very cheap at £20,000 years ago and this was my main home then I decided to buy another house remortgaging this house for £35000 making the morgage around £55000 and this is now my second house. I want to…
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Ending tenancy query
Hi, I am about to give End of Tenancy notice to my LL. It was a fixed term contract which turned into a rolling one on a monthly basis as I understand our agreement. The notice period is 1 month. The day that we pay rent is every 15th of the month. I would like to leave in 45 days, at the end of the following calendar…
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Structural survey
We are looking to get a structural survey for a property we are in the process if buying. The mortgage company will do a valuation themselves which they aren't charging for so our budget of £1000 will purely be for our survey (having been burned in the past - thankfully not too badly we want to get the best we can afford)…
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So Inner London flats are going above asking price?
Been reading on these forums about it. This is the area where I plan to buy, so is it true that when I find the flat and make an offer, I should make it at ABOVE asking price? As (in past) everyone has told me to offer £5-10K below asking price to start the discussions off? And anyway, why don't sellers just increase their…
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managing estate agent has caused damage
Hi All, I have asked the managing estate agent to do a cleaning on my flat following the departure of the old tenant. I am 200 miles away from my flat otherwise would have managed the property my self. I did specifically listed 10 items which needed cleaning and in an email agreed with them I am paying based on the…
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wanting to move can we rent out our home
we brought a house in 2010 with elan homes they gave us 15% deposit so we had to put down 5% we are now having a baby and need the extra space can we rent out the house or do we need to pay back elan homes first we owe them £16,000 we want to keep this house as part of our pension but was just wondering if we didnt tell…
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House Size Affordability
Hello all, I am looking for some advice on a house purchase and apologies in advance for the essay but I'm keen to get the details across. My fiance and I have sale agreed on a 6 bedroom chalet @ 167K but are now concerned about affordability of the house given some details which have come to light. Us: - 1st time buyers -…
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DPS ADR Process help
All, Just found out that despite our deposit being approved by the DPS it has now been withdrawn and gone to ADR as they received a last minute claim from the landlord (its been 6 months since moving out and has been a long process!). Lived there 4 years. Now waiting to see what they are disputing (it involves full…
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Shared ownership opportunity (social renting issue)
I have come across a shared ownership opportunity in the Pimlico (Zone 1) area of London. The building is a former police academy which has been refurbished to a very high quality and now consists of 70 residential units of which 14 are available for shared ownership and the rest for general needs housing. The offer is for…
