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Buying with cash - proving source
Looking at my spreadsheet, my savings are around the figure below (yes, I keep pinching myself and check the formulae each time I update it). I'm certainly the most solvent 30year old I know but then I'd never talk about such things with colleagues (or on a date)! Maybe people guess I'm not on the bones of my @rse at the…
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Tennant leaving before end of contract
Our tenant is leaving 2 months before the end of the 6 month contract due to problems with the neighbors involving the police (tenants choice to leave - although we would have been giving notice at the end of the contract due to the problems). We understand from the letting agent that the tenant will still be liable for…
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Sold property tenant deposit
If a landlord has sold a property and the new buyers have moved in can the former landlord still hold money for disputed deposit items? E.g. Scuffs on wall or cracked floor tile..
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Short Term Rental Options?
Hi, My current rental contract for my flat is coming to an end, I don't wish to stay on and extend it for another 6-12 months as looking at buying a property, so want to remain flexible. My current place doesn't want to do a rolling monthly contract, and all the other estate agents only seem to do 6-12 months contract…
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3 options.....what would you do?
Ok, so I need a bit of advice from you guys :) I'm at the stage now where I'm 28, my other half is 29 and we are thinking of having a little one in the next year or two. We have been in our house for the last 3 years which we got through shared ownership in which we own 30%. It's increased in value from £165000 to £180000…
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title covenant
Hello, Could anyone simplify the information below? On downloading a title document from the land registry relating to a particular property I found a covenant which reads as: (I have taken the names out just in case) C: Charges Register This register contains any charges and other matters that affect the land. 1 A…
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factor bill
i ad to give up work due to ill health 10 years ago,,and im now behind in my factor bill,,i pay them £15 a mont whic covers the years bill,but tey are wanting back payment,and chharging me late payment fees,,they are now threating court action,,is this a priority bill in ur opinion,,i sent them my finical statement wich…
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Buy to Let Investment - Tax deductible expenses
Hi there We have a Buy to Let investment house which we bought in March this year. I am trying to get an idea of what expenses will be tax deductible when we are paying tax on the rental income, once we get it let out. We have been doing the house up but I believe most of what we have done WILL be allowable as hardly any…
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Nationwide mortgage - getting a lodger
Hi all, anybody have any first hand experience with getting a lodger while having a mortgage from Nationwide? Would I need their consent? How difficult are they about it? My wife has recently left me and I am now in a 4-bed house by myself. My job means I'm also away abroad for up to 7 months a year, so I'm considering…
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Can tenancy deposit cover loss of rent?
I am considering letting out a property under an AST. I have recently seen a friend go through a lot of problems with their tenants who are refusing to pay the final month of rent. My friend has issued a Section 21 (somewhat later than should have) but still stands to lose between one and four months rents (if they refuse…
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Advice on unlet Landlord Insurance
We are just about to complete on our house purchase and will be renting it out for a few years before moving into it. The house will initially be empty for a month or two whilst we paint walls and get a tenant in. What Landlord insurance do people recommend as it needs to be on an unlet insurance until we get tenants in.…
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Renting and bad credit
Hi all, I am certain it's been asked before so all advice appreciated, I am about to leave my husband and take my children into to rented accomm... I haven't done the deed yet but need to make sure I have something for after.... We both have very very poor credit and I am currently trying to sort a dmp out for debt in my…
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Just moved to London and am lost...
Hi everyone, Perhaps this is not a right thread or the right forum, but I have just moved to London, need to find a flat very quickly and am totally lost. I am here for two years on international assignment and thought that finding a flat will not be a problem, but am not successful thus far. There is a relocation company…
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About to hit the market.....
Hi all, I haven't posted for ages as we've had some nasty stuff going on - my dad passed away and my mum (who has Alzheimer's) has been pretty ill too :( plus we've been incredibly busy attempting to finish our restoration project which was originally intended to take 5+ years but has been (more or less) completed in…
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Investing in dad's house
I will shortly be moving into my dad's house, it is in a terrible state of repair and I will be investing around 30k into bringing it up to date and building wheelchair friendly extension for him. (He suffered a stroke and is bed bound mostly as he cannot and doesn't want to go upstairs) He has a very old will that leaves…
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Capital Gains Tax Calculation help please..
Dear MSE community, I would really love your help calculating how much the tax man would eat if i sold my flat. I'am currently renting it out and living on a rented boat, and trying to ascertain whether i would in fact be better from a CG point of view to move back into the flat. The facts! Purchased in June 2008 for £300k…
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rental deposit
My daughter is looking to rent a flat in London and while there is no deposit required she would have to pay the 1st and last months rent in advance is this a way of getting round having to have the deposit in a holding scheme or is this normal
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Coach house issue..
We purchased our home 18months ago. Our garage is at the rear of our property under a coach house. We didn't foresee any issues as only planned to use for storage and park our cat infront of it. As the developer couldn't sell it, it was given out as a key worker house. We've had a young family with two toddlers move in. My…
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Council tenants from hell moved in next door to my house. Help/Advice needed.!!
Guys and Girls I am after some advice. We have a property that we rent out, next door to it is a council house which up until a couple of months ago had a nice Polish girl living there. The area where the houses are is a nice and friendly one where all the neighbors talk and have BBQ's out the front etc. Anyway the Polish…
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Typo in lease papers but since registered. WHAT WOULD YOU DO??
Hello! I am about to exchange on a leasehold flat. My solicitors raised an issue with a typo in lease extension papers but now say it is OK and fine to proceed (lender is also fine to proceed). Just looking for some practical tips on what I can do to give me peace of mind! Background: - The lease was extended in 2007 -…
